SSE sells SGN stake for £1.2bn as energy firm completes disposals August 2, 2021 Energy firm SSE has today sold off its entire stake in Scotia Gas Networks (SGN) for £1.2bn as it completes its £2bn disposal programme. The FTSE 100 firm said that a consortium comprising existing SGN shareholder Ontario Teachers’ Pension Plan Board and Brookfield Super-Core Infrastructure Partners would buy out its 33.3 per cent stake. Shares [...]
Two-thirds of young adults in the UK are counting on inheriting wealth August 2, 2021 More than two thirds (65 per cent) of under-45s in the UK expect to receive an inheritance gift of wealth from family or friends to fund their financial goals and get on the property ladder, according to new research. Millennial and Gen Z adults are increasingly relying on the transition of wealth between generations to [...]
Scottish police decide not to use codename ‘Operation Bunter’ for Johnson visit August 2, 2021 Scottish police have U-turned on a plan to codename Boris Johnson’s trip north of the border as “Operation Bunter” out of fears that it would offend the Prime Minister. The name was a homage to chubby fictional schoolboy Billy Bunter who appeared in novels, television series’, stage plays and comic strips throughout the 20th century. [...]
Treasury appoints Unilever veteran to chair UK Government Investments August 2, 2021 The Treasury has appointed a Unilever veteran as its new chair of UK Government Investments, who will join the board in September. Vindi Banga is set to join UK Government Investments (UKGI), an arm of the Treasury, alongside his current role of chair at charity Marie Curie. The incoming chair is also a senior non-executive [...]
Climate change activists occupy Zurich’s financial district August 2, 2021 Police this morning began clearing a group of Climate Strike activists occupying the heart of Zurich’s financial district. Around 200 activists from the Climate Strike Switzerland group gathered outside the UBS and Credit Suisse headquarters to protest the financing of environmentally damaging fossil fuel projects. According to “Rise Up for Change”, a group bringing together [...]
London’s One Palace Green mansion to be turned into luxury flats worth £100m August 2, 2021 London and Monaco residential property company REDD has bought One Palace Green on Kensington Palace Gardens, which it plans to turn into into a luxury residential scheme. Once complete, the Grade II listed mansion originally the London residence of the Howard family of Castle Howard fame, is expected to be worth more than £100 million. The property company [...]
China securities watchdog seeks closer cooperation with US after Didi crackdown August 2, 2021 The China Securities Regulatory Commission (CSRC) has said it will enhance communication with its US counterpart on overseas listing after US regulators tightened disclosure for Chinese companies. The Chinese securities regulator said it had noticed the US Securities and Exchange Commission’s (SEC) new disclosure requirements for Chinese companies’ listings. It added the two sides should [...]
Ryanair boss O’Leary could be set for an £85m bonus as the airline looks to recover from pandemic turbulence August 2, 2021 Ryanair boss Michael O’Leary could be set for a lucrative £85m payout despite the turbulence that the travel industry has experienced in the last 18 months. The Irish businessman stands to land the money should Ryanair’s stock hit €21 or above for a 28-day period between 2021 and 2024. It could also be triggered if [...]
Tory row erupts over government plans to start amber watchlist for travel August 2, 2021 A government plan to bring in a watchlist for countries at threat of being put on the red travel list has been heavily criticised a growing group of Tory MPs. The government is expected to make the announcement later this week in a move that some say will cripple the aviation and travel industry. The [...]
Range Rover KR restomod review: making Britain great again August 2, 2021 The Kingsley Cars KR Series restomod transforms the original Range Rover into a modern SUV – but preserves its classic character.
