Why more and more fund managers are turning to shareholder activism January 6, 2020 According to Greta Thunberg, “the danger is when politicians and CEOs are making it look like real action is happening, when in fact almost nothing is being done.” She may find some unlikely bedfellows in the Square Mile. Active fund managers have endured a torrid time of late. The Woodford saga and M&G’s decision to [...]
FTSE 100 rises on positivity over US-China trade deal December 27, 2019 The FTSE 100 rose for the eleventh straight session this morning, as traders were cheered by positive signs over a US-China trade deal. London’s main index, which is on its best run in three years, adding 0.4 per cent. Miners provided the biggest boost, as Glencore and BHP rose about two per cent each. Read [...]
Live the life of an international man (or woman) of mystery with The Caledonian’s Aston Martin driving experience December 20, 2019 Hilton’s high-end brand Waldorf Astoria and iconic British car maker Aston Martin have teamed up to combine Bond-esque driving experiences for those resting their heads at the five-star hotel, in the hope that those who like high thread counts also like high-octane thrills. From the gawking and tourist photographs of the Aston Martin Vantage parked [...]
BHP becomes largest shareholder in Ecuador-focused Solgold November 25, 2019 BHP will become the largest shareholder in Ecuador-focused mining company Solgold, with approximately 14.7 per cent of the firm’s share capital. The Anglo-Australian company will raise its stake from 11 per cent by purchasing 77m new shares for $21.9m (£17.1m) for 22.2p. Read more: Anglo Australian miner BHP appoints new global chief executive Shares in [...]
DTM and Super GT set for inaugural ‘Dream Race’ at Japan’s Fuji Speedway November 19, 2019 This weekend a decade of talks between Japan’s Super GT and the German DTM will reach fruition when the two motor racing series come together to take part in the inaugural Dream Race at Japan’s Fuji Speedway. The unprecedented crossover event will see one of the world’s most renowned GT racing series, comprising manufacturers such [...]
Anglo-Australian miner BHP appoints new global chief executive November 14, 2019 BHP announced that it had appointed a new chief executive this morning, with current boss Andrew MacKenzie due to retire at the end of this year. Mike Henry, the current head of BHP’s Australian operations, will take over from MacKenzie on 1 January 2020. Read more: BHP shareholders vote against leaving industry groups 53-year-old Henry, [...]
Just one in ten energy suppliers have made net-zero plans November 12, 2019 Only 10 per cent of the world’s biggest energy suppliers have made a dated commitment to reduce greenhouse gas emissions to net-zero. According to research published this morning, 13 out of the largest 132 coal, electricity, and oil and gas companies have set a date by which they have pledged to be carbon-neutral. Read more: [...]
The Lister LFT-C is a modified Jaguar F-Type with a devilish 666bhp November 11, 2019 What would Jesus drive? It’s a question you see posed by bumper stickers across America. The answer, of course, is an old Honda he prefers not to talk about: “For I did not speak of my own Accord”. The devil, one suspects, has more extravagant taste, and while the scriptures aren’t specific – I checked, [...]
BHP shareholders vote against leaving industry groups November 7, 2019 Shareholders at Anglo-Australian mining giant BHP have voted against a motion calling for the company to give up its membership in industry bodies which support policies which run counter to the Paris climate change treaty. A tally of the votes taken at the group’s annual general meeting (AGM) in Sydney showed that 72.9 per cent [...]
How a Lexus mid-life crisis led to a £3m yacht and a car that outshines Jaguar and Porsche October 30, 2019 A few years ago, at the prestigious Pebble Beach concours in California, the president of the Toyota Motor Company was holding court and pressing flesh. Akio Toyoda, 63, is the grandson of Toyota’s founder and so, you can imagine, he takes enormous pride in its products, and none more so than its luxury off-shoot, Lexus. [...]