Extinction Refinancing: Banks are the next generation of climate activists withholding funding for carbon-heavy businesses May 11, 2021 Banks are unlikely to be the first group that comes to mind when thinking of climate activists. Although there is now immense and growing pressure on every area of the financial community to drive down emissions and lead the transition to a low-carbon economy, banks often seem to face the most scrutiny. A massive 92 [...]
Extinction Rebellion co-founder arrested after attacks on Canary Wharf banks May 11, 2021 Extinction Rebellion co-founder Gail Bradbrook was arrested at her home this morning for conspiracy to cause criminal damage and fraud after her group attacked banks in Canary Wharf. Activists from Extinction Rebellion smashed the window frontage of HSBC and Barclays last month. They have also targeted Lloyd’s of London, where they dumped fake coal outside [...]
London used as ‘money-laundering base’, mafia trial prosecutor says April 28, 2021 In Italy’s largest mafia trial in three decades, the UK’s capital has been roped in as a potential hotspot for organised crime, particularly post-Brexit. The trial will see around 900 witnesses testify against more than 350 ’Ndrangheta defendants, including politicians and officials charged with being members of Italy’s most powerful criminal group. Defendants are set [...]
FTSE 100 and Wall Street strike an upbeat tone to start the week April 26, 2021 Soaring copper prices and hopes of a summer holiday pushed the FTSE 100 to close higher on Monday while Wall Street rose ahead of a busy week for big tech earnings. London’s blue-chip index came under pressure this morning due to a stronger pound and weaker oil prices. However comments made by Ursula von der [...]
Rolls-Royce in ‘constructive talks’ over ITP Aero sale April 23, 2021 Rolls-Royce this afternoon hit back at claims that the sale of one of its Spanish subsidiaries could be blocked, saying it was in “constructive talks” with authorities over the issues. The FTSE 100 engine maker is in the process of selling off £2bn worth of assets in a bid to fix its finances after the [...]
Extinction Rebellion cleared of criminal damage to Shell building April 23, 2021 Six members of Extinction Rebellion have been found not guilty of criminal damage, after the protest group spray painted the Shell building at Waterloo in April 2019. The six activists were acquitted today at Southwark Crown Court, with the jury delivering a ‘not guilty’ verdict for each of the defendants, despite the court’s judge ruling [...]
Extinction Rebellion activists block headquarters of Lloyd’s of London in the City April 23, 2021 Climate activists are protesting outside the office of Lloyd’s of London in the City this morning, dumping fake coal outside in front of the building as part of a campaign against insuring fossil fuel mining activities. Activists from the Extinction Rebellion group are holding up banners with slogans such as “Climate Criminals” after they dumped [...]
London market recovery continues following grim start to the week April 22, 2021 London’s main market continued to rise on Thursday, after rebounding yesterday following a disastrous Tuesday, in which the market fell two per cent in one day. By mid-afternoon the FTSE 100 was up 0.42 per cent, boosted by mining and industrials stocks, although the gains were capped by a stronger pound. Meanwhile, the mid-cap FTSE [...]
HSBC hires former Wells Fargo lead as its new head of global banking April 22, 2021 HSBC has hired the former executive vice president of Wells Fargo as its new head of global banking in Europe based in the capital. Stepping into the role on 15 July, Lisa McGeough joins HSBC from the California-based bank after 15 years, most recently serving as both executive vice president and head of international. McGeough [...]
HSBC open to climate talks but cannot ‘condone vandalism’ April 22, 2021 Following a climate protest which saw windows smashed at its City headquarters, HSBC has said that it welcomed discussion on climate change but that it could not ‘condone vandalism’. “We welcome meaningful dialogue on our climate strategy; however, we cannot condone vandalism or actions that put people and property at risk,” a spokesman said. “We [...]