Letters: Zuckerberg is sinking his ship February 14, 2022 [Re: Meta share price plunge sees investors buy up almost 20 times more shares, Feb 7] Mark Zuckerberg’s Christmas wish for the end of 2021 may have come true, but it has come at the cost of $220bn drop in valuation. The Metaverse might show promise in years to come, but it does not appear [...]
Police watchdog tells Met to revisit complaint by Caroline Flack’s mother February 14, 2022 The police watchdog told the Metropolitan Police to revisit Caroline Flack’s mother’s complaint that her daughter’s fame impacted police behaviour two years after the Love Island host’s death. A spokesman for the Met told the BBC that the Independent Office for Police Conduct (IOPC) has instructed the police to reinvestigate an aspect of the old [...]
Four reasons to be optimistic about energy transition equities February 14, 2022 After achieving remarkable gains in 2020, energy transition equities endured a more turbulent and challenging time in 2021. Shares within the sector struggled to achieve gains as supply chain pressures and higher inflation weakened profits from many companies in the sector and investors were less enthusiastic about the energy transition theme. However, despite the uncertainties [...]
BlockFi to pay $100m in settlement with US financial watchdog February 14, 2022 Crypto lender BlockFi must pay $100m as part of a settlement with the US financial watchdog over its high yield lending product.
Explainer-in-brief: Love you, love you not: the new China-UK relationship February 14, 2022 In a bid to snuggle up to China’s economy, Boris Johnson has tasked the department for international trade to hold the first high-ministerial talks with Beijing since 2018. Rishi Sunak has moved to restart the UK-China Economic and Financial Dialogue, also cancelled in 2019. The timing of these decisions is a bit baffling, given that [...]
Financial watchdog pushes through changes to “unfair and unclear” buy-now pay-later contracts February 14, 2022 The Financial Conduct Authority has pushed through changes to potentially “unfair and unclear” terms in the contracts major buy-now pay-later (BNPL) as the government prepares for a regulatory clampdown on the sector this year.
University pension scheme lays out climate targets but comes under fire for lack of ambition February 14, 2022 The UK universities’ pension scheme has set a series of new carbon reduction targets to reduce emissions in its investments portfolio, as pressure grows on pension funds to decarbonise their investment strategies.
Blackstone takes £4.7bn bet on troubled Australian gambling group February 14, 2022 Blackstone has taken a £4.7bn bet on troubled Australian gambling group Crown Resorts. The resort group has faced regulatory scrutiny after official investigated revealed it had knowingly dealt with criminal organisations and then misled authorities about it. The US private equity giant already owned 10 per cent of the company, but has now snapped up [...]
Farming boss warns Russia Ukraine tensions threaten UK food supplies February 14, 2022 Farmers have warned the UK’s food supply could be affected by tensions in Russia and Ukraine, with soaring costs hitting firms. Speaking to The Independent, Minette Batters, president of the National Farmers’ Union (NFU), warned that the two countries supply just under one third of global wheat exports. Farmers have faced spiralling costs after a [...]
JD Sports and Footasylum hit with £5m fine following covert car park rendezvous February 14, 2022 city watchdog has slapped sports retailers JD Sports and Footasylum with a £5m fine after the firms’ bosses conducted covert meetings to discuss a blocked takeover, it has revealed.
