Science Group turns up heat in bid to takeover TP Group – CityAM : CityAM August 24, 2021 Science Group has made a further share purchase in an engineering firm after its attempts to buy the company were repeatedly rebuffed by the board. As of today, Science Group holds 140,528,829 shares in TP Group giving the company 18.03 per cent of voting share capital. Last week Science Group, a services and product development [...]
Nicola Sturgeon is playing the long game for Scottish independence in a toxic deal with the Greens August 24, 2021 Nicola Sturgeon entering her SNP government into a formal cooperation agreement with the Scottish Greens is all about optics and momentum, and not about substance. In the May election, the SNP narrowly failed to win an overall majority of seats at the Holyrood election. This doesn’t mean they needed a co-operation agreement to govern; the [...]
The rock, paper, scissors of ESG: when social missions clash with corporate governance August 24, 2021 In ESG terms, Ben & Jerry’s decision not to renew the contract of its Israeli licensee was described by the company as an “S” decision. The irony is that its “social mission” is likely to prompt a heavy-hitting response by investors in its parent, Unilever, on governance, or “G”, grounds. It has been widely reported that investors subject [...]
Culture club: Ally MacIndoe CA on her role as Finance Director MENA at the British Council and the UK’s continued cultural clout August 24, 2021 This article first appeared in ICAS’ CA magazine. The UK has always had huge cultural clout. By connecting people through innovative education and the soft power of the English language, Ally MacIndoe CA, Finance Director MENA at the British Council, is keeping it that way Many readers, whether in the UK or abroad, will have heard [...]
ESG investing now mainstream, but who’s holding ‘greenwashed’ portfolios to account? August 24, 2021 Environmental, social and governance (ESG) concerns are rising up the agenda of investors, who are increasingly more attentive to the impact of their investments. Beyond financial performance, investors are looking at their portfolios in relation to ESG factors, but how can they assess the ESG credentials of companies and funds when the data is scattered [...]
US stocks open higher to cancel out last week’s rout August 23, 2021 US stocks rose sharply today to help claw back sharp losses registered in last week’s deeply volatile trading environment. The blue-chip S&P 500 jumped 0.95 per cent to 4,483.95 points, while the Dow Jones climbed 0.72 per cent to 35,372.11 points. The tech-heavy Nasdaq was on track for another record high, surging 1.59 per cent [...]
Afghanistan crisis: UK evacuation flights could end in just 48 hours August 23, 2021 UK evacuation flights air lifting Afghans desperate to leave Afghanistan could end in just 48 hours unless an extension with the Taliban is agreed, according to reports. The US and UK could pull out of Afghanistan fully if negotiations with the Taliban fail to yield an agreement to allow evacuations to continue beyond the initially [...]
Lloyds hires Barclays exec to lead debt capital markets division August 23, 2021 Barclays exec Miray Muminoglu has been appointed as the new head of Lloyds Bank’s financial institutions debt capital markets and securitised products group. Muminoglu, who currently works as managing director, head of term funding within Barclays’ group treasury unit, will join Lloyds Bank in London this November, reported Financial News. Muminoglu has over 30 years [...]
Visa enters the NFT market with CryptoPunk purchase August 23, 2021 Payments giant Visa has made a splash in the NFT market with the purchase of a collectable CryptoPunk avatar. Last week, Visa snapped up one of only 3,840 female CryptoPunks for just shy of $150,000 (£109,363). The avatar featured green clown eye makeup, red lipstick and a mohawk adding to its rarity. Cuy Sheffield, head [...]
How Takamaka rum went from garage grog to a top tipple August 23, 2021 Would you drink rum that started life in a swimming pool? The former manager of a Soho dive bar and a drag club in Camden thinks you’d be mad not to. Richard Cohen is the only non-national working for the Seychelles rum brand Takamaka, which has just arrived in the UK in the form of Rum [...]
