Record profits put energy firms in Westminster crosshairs once again July 29, 2022 Energy giants triggered a fierce backlash yesterday after unveiling massive profits powered by soaring oil and gas prices.
French asset manager Amundi takes hit from turbulent European markets July 29, 2022 French asset manager Amundi today said the value of the assets it manages has dropped by 4.75 per cent compared to three months ago, due to “unfavourable” market conditions. The Paris headquartered firm said net incomes for the first half of the year were 16 per cent lower than a year ago, as it said [...]
EP: 151 Goodwood – Saturday July 29, 2022 The ultra-competitive Stewards’ Cup, run over 6 furlongs, is one of the highlights on the final day of Glorious Goodwood. Trainer James Ferguson (First Folio) is on hand to tell us more about his horse’s chance in the big sprint handicap. City AM Racing editor Bill Esdaile previews the final day’s action at this year’s [...]
Developers warned: House-building in three West London boroughs stalled until 2030 over lack of power July 29, 2022 Developers in three West London boroughs have been warned they may not have electricity capacity for new homes until 2030. The Greater London Assembly (GLA) wrote to developers in Hillingdon, Ealing and Hounslow this week, airing concerns about “availability of electricity capacity” which could stall new homes. It said power companies were warning developers “electricity [...]
29m UK households to get £400 in instalments between October and March to help with energy bills July 29, 2022 As millions worry about the prospect of eye-watering energy bills this winter, the government has revealed how its £400 discount will be implemented. 29m households will receive a non-repayable sum of at least £400 over the course of six months as part of the Energy Bills Support Scheme. The initiative, which will be administered by [...]
Aston Martin’s profits drop as supply chain disruption scuppers deliveries July 29, 2022 Luxury sports car seller Aston Martin today said its losses had more than doubled due to the impact of supply chain disruption in the first half of 2022. Aston Martin said its sales volumes dropped eight per cent from 2,901 in the first half of 2021 to 2,676 in the first half of 2022. The [...]
Inflation, Ukraine war and pandemic contribute to Jupiter Fund Management haemorrhaging profit and assets July 29, 2022 The London-listed Jupiter Fund Management haemorrhaged profits and assets in the first half of 2022 owing to the challenging geopolitical environment. Assets under its management (AUM) dropped to £48.8bn from £55.3bn at the end of March, while underlying profits were down to £53.9bn, from £79.8bn in the same period last year. Its statutory profits before [...]
COP27 blog: what next for climate change? July 29, 2022 With just over 100 days to go until the UN climate summit, we kick off our running blog with a COP26 recap and a look at what’s next. The United Nations’ climate conference COP27 is set to take place in Egypt this November. Lisa Sizeland in Schroders’ global content team has summarised what COP27 is and why it [...]
What is the “just transition” and why does it matter for investors? July 29, 2022 You’ve probably heard of the concept of a just transition in relation to climate change, but what does it actually mean? The transition to a low-carbon world is gaining momentum with a dramatic increase in the number of countries and companies that have made commitments to transition their activities to net zero. Around 90% of [...]
Asos, Boohoo and George by Asda probed by watchdog on green claims July 29, 2022 Asos, Boohoo and Asda’s clothing arm George will be investigated by the competition watchdog to work out whether their green claims are misleading shoppers. The Competition and Markets Authority (CMA) said retailers could face court action if their sustainability claims are found to be misleading. Fashion collections, such as ‘Responsible edit’ from ASOS, Boohoo’s current [...]
