Glencore’s Australia mine expansion ‘threatens sacred sites’ March 2, 2021 Expansion at an Australian mine run by Glencore puts several sacred Aboriginal sites at risk, an inquiry heard on Tuesday. The head of a Northern Territory oversight authority said that a range of locations including a historical quarry were in danger. Glencore’s McArthur River Mine received approval from the territory’s mining minister last year to [...]
Boohoo unaware of potential US import ban over slave labour links March 2, 2021 Boohoo today said it had not been contacted by US customs authorities, following reports that America could block the fast fashion retailer’s imports over modern slavery allegations. The e-commerce giant said it had not “received any correspondence from, nor is it aware of any investigation by, US Customs and Border Protection”. It said it “will [...]
18 energy suppliers pay out £10.4m for overcharging customers March 2, 2021 Ofgem has this morning charged 18 energy suppliers, including British Gas, Shell, and Scottish Power, a combined £10.4m for overcharging their customers. In total, over 1m customers were wrongly charged £7.2m for firms’ failures to correctly protect customers’ tariff prices when they decided to switch supplier or tariff. The watchdog said that most of the [...]
Rangers become latest club to attract crypto sponsorship and fan token March 2, 2021 Rangers have become the latest big-name football club to be sponsored by a cryptocurrency brand.
Calisen increases revenue despite pandemic delay to installations March 2, 2021 Energy company Calisen has increased its full year revenue to nearly £250m even after the suspension of installations during the first lockdown. The smart meter company said it had installed a total of 9.1m meters by the end of 2020 comprising 6m smart meters and 3.1m traditional meters. It pushed revenue 18.8 per cent higher [...]
Fresnillo triples profit on back of booming gold and silver prices March 2, 2021 Mexican miner Fresnillo this morning said that its profit tripled in 2020 as booming gold and silver prices offset a slight fall in production. The FTSE 100 firm said that profit before tax jumped to $551.3m (£397.3m) for the last financial year, up from $178.8m in 2019. That’s considerably ahead of analyst predictions of profit [...]
See EU later: Austria forges vaccine alliance with Denmark and Israel March 2, 2021 Austria broke ranks with the European Union on Tuesday, vowing to work together with Israel and Denmark to produce vaccines against Covid mutations. Chancellor Sebastian Kurz said Austria and Denmark would team up with Israel to create second-generation jabs and research treatment options. The announcement is a rebuke to the EU’s joint vaccine procurement programme [...]
FCA ends probe into car dealership Lookers March 2, 2021 The Financial Conduct Authority (FCA) has this morning closed its investigation into car dealer Lookers for the possible miss-selling of products. The regulator said that it would not impose penalties on the FTSE 250 firm, but said it had made its concerns clear about the “historic culture, systems and controls”. As a result, Lookers said [...]
Man Group raises dividend as funds under management hit $123.6b March 2, 2021 Hedge fund manager Man Group has this morning raised its dividend by 8 per cent as funds under management marked a record high for the firm. Funds hit $123.6b under management from $117.7b the year before, as assets climbed by 8 per cent, reaching $77.2b. The firm has also raised its total dividend to 10.6c [...]
Hurst Point completes acquisition of Hawksmoor Group March 2, 2021 Private equity firm Hurst Point Group has fully acquired Hawksmoor Group, completing the transaction on 1 March 2021. Investment management firm Hawksmoor will become a separate subsidiary of Hurst Point. Hawksmoor CEO Sarah Soar said: “Today marks a landmark in the history of Hawksmoor. Becoming part of the Hurst Point Group gives us support to [...]
