What does a €50 carbon price mean for European companies? June 3, 2021 Earlier this month, the EU carbon price moved above €50 per tonne for the first time ever. The price is now more than double its level prior to the pandemic, with a sharp rise in recent months. What is the EU carbon price? The EU Emissions Trading Scheme (ETS) is designed to put a price [...]
Russia’s Nordgold plots London IPO after gold price climb June 3, 2021 Russian mining giant Nord Gold has confirmed its plans today to hold an initial public offering (IPO) in London, after reaping the benefits of rising gold prices. The company, known as Nordgold, is plotting a free float of at least 25 per cent while it also plans another listing in Moscow, the group said today. Investor [...]
Pennon turns on the taps with £425m Bristol Water deal June 3, 2021 Utilities firm Pennon this morning announced that it had bought Bristol Water for £425m as it consolidates its position as the south-west’s largest water company. Alongside the deal the FTSE 100 firm said that it would pay out a special dividend of £1.5bn to shareholders, as well as kick off a £400m share buyback. Shares [...]
RML Short Wheelbase in detail: new supercar, old-fashioned values June 3, 2021 With a V12 engine, manual gearbox and classic curves, the RML Short Wheelbase certainly gets the basics right. We visit the team behind it.
Door to door, but digital: Avon CEO on how a historic firm gets with the times June 3, 2021 Think of Avon and the image that emerges is probably a pretty wholesome one – an Avon lady, or perhaps an Avon man, presenting their make-up wares in a pleasantly spruced-up living room. In your mind, it’s probably set in black and white too. But times are changing. The cosmetics firm made its mark across [...]
Watchdog clears Ebay’s $9.2bn classified ads deal with Adevinta June 3, 2021 The competition watchdog has cleared Ebay’s $9.2bn (£6.5bn) sale of its classified ads business to Norwegian rival Adevinta. In March the two companies said they would sell off three British divisions to secure regulatory approval for the tie-up. Adevinta said it will divest Shpock, while US ecommerce giant Ebay will sell Gumtree and Motors.co.uk. The [...]
Private equity firm CVC bags A Bathing Ape while it eyes expansion June 3, 2021 Private equity firm CVC has bagged an investment in Japanese streetwear brand A Bathing Ape, also known as BAPE, where it will have co-control over the company. With plans to bolster the brand’s expansion, CVC will look to grow BAPE’s presence in Europe, the US and China. With the rise in popularity of online shopping [...]
Portugal under threat as ministers set to update travel ‘green list’ June 3, 2021 Ministers will today meet to sign off on changes to the UK’s travel “green list”, with reports that popular holiday destination Portugal could be switched to “amber” after a surge in cases. Speaking about the update yesterday, Prime Minister Boris Johnson warned that the government would not hesitate to suspend quarantine-free travel if necessary. “You’ve [...]
Former Wise employees to launch commission-free investment app after $1.5m round June 3, 2021 Two early Wise employees are capitalising on the rising demand for commission-free investment apps and have today announced a $1.5m pre-seed round for their own app. Lightyear, founded by Martin Sokk and Mikhel Aamer, claims to blend multi-currency accounts with unlimited access to markets without hidden fees or charges. It has today launched its waiting [...]
AMC cinema shares skyrocket as it woos traders with free popcorn June 3, 2021 Shares in cinema chain AMC nearly doubled yesterday, extending a strong rally and marking a potential return to the meme stock craze that roiled markets earlier this year. The cinema group’s shares closed up 95 per cent at $62.55 — a new record high. Its market value is now more than $28bn, more than Viacom [...]
