UK to resettle 20,000 Afghans in the coming years August 18, 2021 The UK has vowed to resettle 20,000 Afghans in the coming years as many leave their home country out of fear of persecution by the Taliban. The government has unveiled plans to offer refuge to those most at risk, as fears have mounted for those who had worked against the Taliban in Afghanistan since the [...]
Just Eat and Carnival reported to FCA over lack of climate risk reporting August 18, 2021 Takeaway giant Just Eat and cruise liner Carnival have been reported to the UK’s financial watchdog over failing to report climate change risk to their investors. Since the beginning of this year, the UK’s listed commercial firms have had to disclose their climate-related risks to investors, according to the Financial Conduct Authority’s (FCA) legal requirements. [...]
Franco Manca’s Fulham Shore eyes expansion despite sliding revenue August 17, 2021 Hospitality group Fulham Shore, which owns Franco Manca, has seen its annual revenue nearly sliced in half due to the restrictions on restaurants for most of the year. The group pulled in £40.3m in revenue in the year to 28 March, after it had plunged 41.3 per cent from the £68.6m it raked in last [...]
‘We just have to leave’: Queen’s Brian May to ditch London after flooding August 17, 2021 Queen guitarist Brian May is set to depart London after nearly two decades following flood damage to his Kensington mansion. The music icon called the capital a “brutal” place to live after the basement of his £7m home was flooded, ruining many of his and wife Anita Dobson’s childhood photo albums and memorabilia. “The funny [...]
BHP confirms Woodside merger, after shareholders bag $15bn payday August 17, 2021 Energy giant BHP has posted a record final dividend of $2 per share, which has raked in a $15bn payday for its shareholders in the past year. In a set of upbeat financials, BHP pulled in $25.9bn in profit from its operations in the year to 30 June, up from $14.4bn last year. The profit [...]
HSBC to pull together $2bn IPO for China’s biggest AI firm SenseTime August 17, 2021 HSBC is working with China’s largest artificial intelligence group SenseTime to form a Hong Kong listing, according to reports. SoftBank-backed SeneTime’s initial public offering (IPO) could wire in at least $2bn, Bloomberg reported, citing people familiar with the matter. China International Capital is helping HSBC arrange the float for the firm. The company has decided [...]
Climate management solutions group Genuit sees revenue climb ahead of COP26 August 17, 2021 Climate management solutions group Genuit has had its half-year revenue climb to £295.6m as the need for climate conscious measures has gripped the UK ahead of COP26. Revenue was up 32.4 per cent on pre-pandemic levels, as the group worked with the construction industry to provide sustainable water, as well as climate and ventilation [...]
New Zealand to enter strict lockdown after single Covid-19 case detected August 17, 2021 New Zealand is set to enter its highest level of lockdown tonight after detecting a single case of Covid-19 in Auckland, Prime Minister Jacinda Ardern has confirmed. A 58-year-old man has been found to have the virus – the first coronavirus case within New Zealand’s borders for 170 days. The strict restrictions comes amid concerns [...]
Exodus: Hong Kong population shrinks by 87,000 in just one year August 13, 2021 Hong Kong’s population has shrunk by 87,100 in just one year, according to official data, as residents flee China’s crackdown on the former British colony. The rate at which residents have exited the city has picked up pace since the introduction of China’s controversial national security law last year, according to provisional data released by [...]
UK’s OneWeb secures $300m from South Korean business giant Hanwha August 13, 2021 UK satellite firm OneWeb has bagged a $300m investment from one of South Korea’s largest business groups. Hanwha, a conglomerate which deals in businesses ranging from retail to explosives, has also secured an 8.8 per cent stake in the satellite company. The investment suggests that OneWeb could be teetering on a $3.4bn valuation, according to [...]
