Glencore: FTSE 100 mining giant opts against coal spin-off after investor feedback August 7, 2024 Glencore no longer plans to demerge its coal business after an “overwhelming majority” of shareholders told the mining giant to retain the division. The FTSE 100 constituent had planned to spin off its coal business after it completed the $7bn (£5.51bn) acquisition of Teck Resources’ steelmaking coal business in November last year. However, on Wednesday, [...]
Flight to quality gets underway as half of London offices set to be ‘unlettable’ by 2027 August 7, 2024 Changes to energy efficiency requirements mean that a majority of office spaces in the capital won’t meet the minimum standard for leasing within the next four years, making it a race to re-fit before 2027. Minimum energy efficiency standards (MEES) currently require that rented commercial properties in England and Wales have a minimum EPC rating [...]
Harland & Wolff: Departing chief of Titanic shipbuilder issues parting shot as collapse averted August 7, 2024 The former chief executive of Titanic shipbuilder Harland & Wolff has issued a parting shot in his first comments after being ousted from his role. John Wood took to social media today after officially stepping down from his position on August 1. He had not been involved in the day-to-day running of the company since [...]
Full list of Carpetright stores saved by Bensons for Beds after collapse August 7, 2024 Almost 20 Carpetright stores have been snapped up by Bensons for Beds following the firm’s collapse last month. Carpetright was rescued out of administration in July but with the loss more than 1,500 jobs. The major carpet and tiling retailer, which is headquartered in Essex, was snapped up by rival Tapi for an undisclosed sum. At [...]
The Notebook: Why financial firms should pay more attention to first-time investors August 7, 2024 Where the City’s movers and shakers have their say. Today, it’s Max Rofagha, CEO of Finimize, with the pen, talking first-time investors, the Tiktok Olympics and what to add to your reading list As interest rates come down, what do we need to know about first-time investors? Following the Bank of England’s first rate cut [...]
‘We haven’t sold the business’: London Lions administrators deny Lithuanian claims August 7, 2024 London Lions have won the BBL and Women’s BBL titles for the last two years.
Vodafone launches next stage of £3.4bn shareholder value return plan August 7, 2024 Vodafone has launched the next stage of its share repurchase programme worth up to €500m (£430m). In March, the firm said it would return €4bn (£3.4bn) to shareholders as part of a broader capital allocation review in an attempt to appease jittery shareholders following asset sales. It kicked off the return in May with an [...]
Legal & General beats profit estimate and raises dividend amid strategic overhaul August 7, 2024 Legal & General (L&G) has raised its dividend as its profit for the first half of 2024 exceeded expectations, after its new chief promised a "simpler" future.
The Tories can come back stronger, but only if they stop chasing Reform August 7, 2024 Reform’s surge was a consequence of Tory failure, not its cause, writes William Atkinson
Italy holidays: Why the Dolomites are perfect for summer August 6, 2024 Italy holidays: this mountain is at its best in the summer months, says Libby Brodie If you ever wondered what it’s like visiting a ski destination in summer, let me tell you that the rumours are true: it really is like stepping into a Hans Christian Anderson fairytale. At least, this was my first impression [...]