Hong Kong Racing Tips: Size looking to get back amongst the winners May 11, 2021 IT HAS been a quiet couple of weeks for 11-time champion trainer John Size, with the stable only visiting the winners’ circle twice. With only 18 race-meetings left in the season, Size is in the middle of a titanic struggle for the trainers’ championship, currently level with Caspar Fownes on 59 wins, while Danny Shum [...]
Legal & General backs activist investor over Exxon climate concerns May 11, 2021 Legal & General, one of Exxon Mobil’s major investors, has said it will back an activist hedge fund at Exxon’s shareholder meeting later this month, after the fund raised climate-related concerns about Exxon’s practices. US oil producer Exxon is battling hedge fund Engine No. 1 over four seats on its 12-member board and the direction [...]
Hong Kong Racing Tips: Comet has a Gold chance May 11, 2021 IT IS the turn of Sha Tin to host midweek racing in Hong Kong on Wednesday with an eight-race programme under floodlights. It’s difficult to remember the last time racing on turf took place under lights in the city and it will be interesting to see how horses cope in the closing stages, with shadows [...]
Wall Street closes lower as inflation jitters spark broad sell-off May 11, 2021 US stocks closed lower today as rising commodity prices and labor shortages fed fears that despite reassurances from the US Federal Reserve, near-term price spikes could translate into longer-term inflation. While all three indexes pared their losses from session lows, the sell-off was fairly evenly dispersed across the sectors. The Dow Jones Industrial Average fell [...]
More private sector DB pension schemes in surplus than deficit as UK moves toward economic recovery May 11, 2021 The funding of private sector defined benefit (DB) pension schemes in the last year has become healthier, with the number of schemes in surplus greater than those in deficit. Last month, of 5,318 private sector DB schemes, there were 2,622 schemes in deficit and 2,696 in surplus, according to figures from the Pension Protection Fund’s [...]
How Indian whisky moved from back-street dens to pride-of-place May 11, 2021 The thought of Indian whisky once made even the least discerning spirits-drinker shudder. Now the price of it does. Bangalore is a long way from Islay but its distillers have changed the way we think about Indian spirits. Leading this charge is Amrut, a distillery founded in Karnataka in 1948 and initially producing spirits including [...]
EU demands 120m AstraZeneca jabs by end of June as second legal case begins May 11, 2021 The European Union wants AstraZeneca to deliver at least 120m vaccine doses by the end of June, a lawyer representing the EU said today. EU lawyer Rafael Jafferali spoke in a Belgian court as proceedings started in the second legal case against AstraZeneca over delayed supplies. The pharma firm had originally agreed to deliver the [...]
Queen’s speech: Anger over social media safety laws as online scams excluded May 11, 2021 Campaigners have hit out at the government’s decision not to include scams in new legislation aimed at stamping out online harms. Plans to hold tech firms liable for harmful material posted to their platforms moved forward today after the Online Safety Bill was confirmed in the Queen’s Speech. The draft laws will force companies such [...]
Hedge fund ExodusPoint takes short position in Deliveroo after disappointing IPO May 11, 2021 Hedge fund ExodusPoint Capital Management has reportedly taken a short position in Deliveroo after the delivery firm’s disastrous market debut. The New York hedge fund’s bet makes up approximately 0.56 per cent of Deliveroo’s shares, Financial News reported. The short position, which could be worth as much as £26m based on its closing price, marks [...]
Extinction Refinancing: Banks are the next generation of climate activists withholding funding for carbon-heavy businesses May 11, 2021 Banks are unlikely to be the first group that comes to mind when thinking of climate activists. Although there is now immense and growing pressure on every area of the financial community to drive down emissions and lead the transition to a low-carbon economy, banks often seem to face the most scrutiny. A massive 92 [...]
