The Gates Foundation agrees to a backup plan amid Bill and Melinda’s divorce July 8, 2021 The Gates Foundation has a backup plan in place in case Bill and Melinda Gates struggle to work together amidst their divorce. The deal consists of a two-year trial for the former couple, in which Ms. Gates can choose to resign upon its completion. She will also receive ”personal resources’ from her ex-husband for her [...]
Deliveroo lifts guidance as orders soar in second quarter July 8, 2021 Deliveroo this morning raised its guidance for the first year after a quarter in which the company said that orders increased nearly 90 per cent. In a trading update, the takeaway app said that it was now on track to see gross transaction value (GTV) grow between 50 and 60 per cent this year, up [...]
Is learning tech capability in L&D holding it back? July 8, 2021 No matter your role on the learning and development team or the makeup of your organisation, it is important to consistently review and evaluate innovative technologies, tools, and trends to see if they make sense for your organisation. Technology changes rapidly, and if you do not keep up, you will be left behind. Learning technologies [...]
Airbnb inks deal with location tech firm what3words amid staycation boom July 8, 2021 Airbnb has launched a partnership with what3words to bring the startup’s location mapping technology to its platform ahead of an expected boom in staycations. What3words has divided the world into three-metre squares each with a unique three-word name to help pinpoint specific addresses. The London-based company said its technology helps to tackle the inaccuracy of [...]
Danske Bank lifts net profit guidance to $1.9bn after ‘faster than anticipated macroeconomic recovery’ July 8, 2021 Danske Bank has today lifted its net profit guidance for this year to 12bn Danish crowns ($1.9bn), after ‘faster than anticipated macroeconomic recovery’ rallied confidence. The bank, which is Denmark’s largest lender, raised the guidance to 12bn crowns from around nine to 11bn crowns. “We adjust our net profit guidance for the year based on [...]
Fuller’s looks to end of restrictions to drown sorrows after £60m loss July 8, 2021 Pub chain Fuller, Smith & Turner swung to a £60m loss across a 12 months in which its estate was shut for nearly three-quarters of the year due to the pandemic. The group reported a £59.2m loss for the last financial year, down from a profit of £166.2m the year before. It said that its [...]
Cairn Energy wins freeze on India-owned assets worth €20m in Paris July 8, 2021 UK-listed Cairn Energy wins a freeze on some of India’s state-owned assets in Paris, worth over €20m (£17m), as the company dials up the pressure on the government of India to pay an arbitration award that it won last year. Cairn said the freeze was ordered by a French tribunal on around 20 centrally located [...]
Surging house prices fuels revenue growth at Persimmon July 8, 2021 Housebuilder Persimmon posted a strong set of results for the first six months of the year, driven by surging house prices. Revenues climbed to £1.84bn in the first half of 2021, up from £1.75bn over the same period in 2019 – before the pandemic struck. Income for 2020 was £1.19bn. Surging house prices driven by [...]
BlackRock raises $250m for climate funds in emerging markets July 8, 2021 BlackRock raised over $250m (£181m) for its climate finance fund to invest in a selection of countries in Asia, Latin America, and Africa, the company announced today. Through its Climate Finance Partnership, the world’s biggest asset manager will focus on investing in renewable power generation, energy storage solutions and electrified transportation services. Blackrock said it aims [...]
Responsible investing is not a bubble set to burst, it is a greater structural evolution July 8, 2021 In recent months concerns have grown about responsible investment “bubbles”. In May, MSCI warned that clean energy exchange-traded funds are as crowded as technology stocks were at the height of the 1999 boom. Yet, whether we like it or not, bubbles are exactly what we should expect at this stage of the sustainable economic transition. [...]
