Maersk fast-tracks carbon-neutral shipping plans to 2023 February 17, 2021 Shipping group Maersk is speeding up plans to decarbonise seaborne shipping by putting the world’s first carbon-neutral powered ship into operation. A.P. Moller-Maersk aims to achieve the move by 2023, seven years ahead of its original plan. The shipping industry carries around 80 per cent of worldwide trade and accounts for three per cent of [...]
Plus500 plots share buyback as profit soars on record performance February 17, 2021 After a record performance in 2020, online trading platform Plus500 is planning a further buyback program of up to $25m of its shares. Plus500 reported a pretax profit of $523.3m up from $189.3m the previous year with revenue rising 146 per cent to $872.5m. Shares dipped 0.9 per cent this morning. The FTSE 250-listed company [...]
McLaren Artura: new era hybrid supercar breaks cover February 17, 2021 First look at the 2021 McLaren Artura: a radical plug-in hybrid supercar to rival the Ferrari F8 Tributo and Lamborghini Huracan Evo.
Why I can stomach higher equity valuations – Schroders CIO February 17, 2021 The rising involvement of retail investors has been an intriguing trend during the pandemic, culminating in the surge and slump of GameStop shares. As an industry, we worry about the disconnection of individual investors from financial markets, the hubs of wealth creation. Direct ownership of shares by individuals has been declining for decades. For that reason, [...]
Pubs and restaurants could open in May under lockdown exit blueprint February 17, 2021 Pubs and restaurants could reportedly open for limited trading by May under a new roadmap for exiting lockdown being drawn up by government. A blueprint for lifting coronavirus restrictions would allow rules to be eased at four-weekly intervals, with a return to more normality expected by July. The gradual reopening could begin in early April, [...]
Epic Games files EU competition complaint against Apple February 17, 2021 Fortnite maker Epic Games has filed an EU antitrust complaint against Apple, ratcheting up its battle with the tech giant over app store payments. The two companies have been locked in a dispute since August, when Epic launched its own in-app payment system in a bid to sidestep Apple’s 30 per cent commission on some [...]
NBA star Chris Webber partners with asset manager to launch $100m cannabis impact fund February 17, 2021 NBA All-Star Chris Webber has partnered with JW Asset Management to launch a $100m private equity fund that will invest in companies led by entrepreneurs of colour working in the cannabis sector. The pair will collaborate to invest in underrepresented entrepreneurs in the cannabis industry and provide them with resources that will help them grow [...]
London’s small-cap firms fall behind FTSE 100 on diversity targets February 17, 2021 The lack of diversity in boardrooms goes well beyond the FTSE 100 with new research showing just how little progress small-cap firms have made. A staggering 84 per cent of AIM and 78 per cent of Small Cap 100 companies have all white boards, over double the proportion seen in the FTSE 100. Some progress [...]
Ahold Delhaize reports fruitful end of year sales with online boost February 17, 2021 Supermarket giant Ahold Delhaize has reported better than expected fourth quarter sales, driven by a surge of online orders due to Covid-19. Ahold said its sales rose 18 per cent to €19.6bn, topping the €18.5bn seen in a company-compiled consensus. Underlying operating income in the period was €811m, also beating a consensus forecast of €771m. [...]
FTSE 100 dips as UK inflation records surprise jump February 17, 2021 The FTSE 100 opened down this morning as the latest data showed UK inflation rose more than expected last month. The blue chip index suffered a 0.46 per cent dip this morning following the surprise 0.7 per cent jump in inflation. The biggest fallers were consumer goods giants Reckitt Benckiser, with a 1.56 per cent [...]
