Watch live: HS2 rebellion activists scale the Marsh insurer building September 2, 2021 Activists from an Extinction Rebellion offshoot group have today scaled a building in London to protest against HS2. Police could be seen circling the Marsh insurer’s building in London as HS2 Rebellion protestors scaled and occupied the exterior. A Marsh and McLennan owned company, JLT Speciality Group, is the main insurer for the HS2 project, [...]
Range of investors circle Teesside superport as offers could hit £2bn August 30, 2021 The battle to win a £2bn takeover of Britains fifth largest port, Teesside’s PD Ports, has gained the attention of numerous investors. The site which was recently awarded a low-tax freeport status has become a target for the Duke of Northumberland’s Northumberland Estates, Legal & General, Credit Suisse joined with the Pension Insurance Corporation. Teesport [...]
Over 2m people receive less than £100 per week from state pensions August 26, 2021 More than 2m Brits receive less than £100 per week from state pension payments it has been revealed. Data analysed by Hargreaves Lansdown showed that millions of British pensioners are paid under the full state pension rate, which stands at £179.60 per week for those who retired after April 2016 and £137.60 per week for [...]
CPP revenue climbs ten per cent in half year results August 24, 2021 CPP Group, a multinational personal protection and insurance provider, has announced solid results for the first half of the year. Group revenue climbed by ten per cent year on year to £66.4m while EBITDA from operations increased by 37 per cent to £2.6m. After seeing a loss for the period of £0.7m in the first [...]
John Lewis launches investment products as it looks beyond retail for revenue August 19, 2021 John Lewis has today launched investment products for the first time ever, as the retailer ramps up its plans to find revenue streams in other sectors. Entering the investments market is, the company said in a statement, part of its longer term ambition for 40 per cent of the company’s profits to come from outside [...]
US stocks reach record highs as jobs market recovery gathers pace August 6, 2021 Wall Street opened higher on Friday to reach record highs after fresh data showed the US labour market is recovering from Covid at a faster pace than first thought. The S&P 500 and Dow Jones both hit record highs in morning trading on Friday. The former rose 0.08 per cent and the latter was up [...]
Mitigating litigation risk: The impact of corporate social performance factors August 3, 2021 Much has been written on the merits of ESG investing strategies and their ability to deliver comparable, if not superior, performance to traditional benchmarks. A majority of institutional investors are motivated to employ ESG investing strategies because they believe ESG will improve risk adjusted returns1, yet the circumstances in which ESG leads to better outcomes [...]
Societe Generale returns to profit as retail banking recovers August 3, 2021 French bank Societe Generale swung back to profit in the second quarter of this year driven by a rebound in its retail banking arm. The lender registered net income of €1.4bn in the second quarter of 2021, up sharply from a €1.2bn loss in the same period the year before. Read more: Standard Chartered profits [...]
Coutts secures B Corp ethical status July 28, 2021 Coutts has secured the sought-after B Corp status, the bank announced on Twitter. The certification attests companies uphold certain social and environmental performance standards, public transparency, and legal accountability to balance profit and purpose. The private bank and wealth manager has a history spanning over three centuries and is known to be the banker for [...]
Tesco Bank pulls plug on all personal current accounts July 28, 2021 Tesco Bank is to close all of its personal current accounts at the end of November after it found that the vast majority of its customers were not using it for their main account. Customers will soon receive a message asking them to withdraw all their money from the accounts before 30 November, and change [...]