New Lib Dem mayoral candidate calls for City of London offices to be converted into homes October 13, 2020 The Liberal Democrats’ new London mayoral candidate has called for empty office space in the City of London to be converted into affordable housing. Former MEP Luisa Porritt – who was today unveiled as the Liberal Democrats’ candidate for the 2021 mayoral election – told City A.M. that using offices left empty by a potential [...]
The Top 7 Googled Questions on Blockchain Technology Answered! October 13, 2020 Graphic Credit: iStock Photos (License)
Police stand down security alert at St Thomas’ hospital October 13, 2020 Police are dealing with a security incident at St Thomas’ Hospital on the Southbank, with Westminster Bridge currently closed. Lambeth police said that they would provide further information when it became known. Witnesses said that the hospital had been cordoned off while the surrounding area has been evacuated. The alert has now been stood down, [...]
SSE sells energy from waste plants for £1bn October 13, 2020 SSE today announced that it would sell its stake in two energy from waste plants for £995m as it continues to raise money to invest in low-carbon projects. Shares in the FTSE 100 company rose 3.9 per cent in the morning’s trading. The divestment, which is expected to complete by the end of the year, [...]
Has demand for oil already peaked? October 13, 2020 Alternative energy sources to fossil fuels have been around for many years. Countries around the world are now harnessing the power of the wind, sun and tides to cut their dependence on fossil fuels such as oil. Energy transition However, this transition to renewable energy is now set to accelerate rapidly, driven by a number [...]
French Connection warns of further store closures as sales dive October 13, 2020 French Connection this morning warned of further permanent store closures in the coming months as the high street store reported that sales have plummeted due to the coronavirus pandemic. The struggling retailer, which closed nine stores in the first half, said it continued to target the closure of non-contributing sites and expects to shutter more [...]
UK taxes could rise by more than £40bn, says IFS October 13, 2020 The UK is set for years of higher debt and taxes as it recovers from the dual hit of the pandemic and Brexit, according to a leading think tank. The Institute for Fiscal Studies (IFS) published its annual Green Budget in association with investment bank Citi today, and warned that taxes will have to rise [...]
Record rise in redundancies as firms battle coronavirus crisis October 13, 2020 Redundancies soared to the highest level in more than a decade, rising by a record 114,000 between June and August, due to the impact of the coronavirus crisis. The latest figures from the Office for National Statistics showed that redundancies increased by 113,000 on the year, and a record 114,000 on the quarter, to 227,000. [...]
Private equity and ESG: moving beyond box-ticking? October 13, 2020 Ahead of the CFA Institute European Investment Conference (which is open to CFA Institute members and non-members) on 16-17 November 2020 we analyse the private equity industry’s so far patchy engagement with ESG investing. Environmental, social and governance (ESG) investing has become mainstream, with the global pool of exchange-traded fund (ETF) assets under management [...]
