Tingo and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs February 27, 2023 Partnership will see construction of Africa’s first net-zero solar power plant driven by ESG principles in Nigeria and will create thousands of jobs.
Recession fears chill UK investment as CBI urges Jeremy Hunt to rethink tax grab at March budget February 27, 2023 British businesses are poised to mothball investment due to uncertainty over whether the country is on course to tip into a recession and a looming tax grab, a new survey out today indicates. Fears of a slowdown in spending caused by families’ finances being squeezed by the cost of living crisis has knocked optimism among [...]
Collecting ethnicity data for the pandemic taught City diversity chiefs hard lessons February 27, 2023 During the pandemic, Covid-19 was believed to have higher mortality rates for people from ethnic minorities, but a lack of accurate data meant we couldn't fully understand how deep the problem went. We face the same problems in the corporate work, writes Sophie White.
Week ahead: Bank of England speak to dominate agenda as investors look for clues on interest rate path February 26, 2023 Investors will be parsing over a string of speeches from top Bank of England rate setters this week for clues on whether the central bank is close to ending its aggressive campaign to tame inflation. Ben Broadbent, a deputy governor at the Bank, kicks off a busy week of central banker speech at Threadneedle Street’s [...]
Priti Patel calls on Jeremy Hunt to stop planned corporation tax rise February 25, 2023 Former home secretary Priti Patel has urged the Chancellor to use his Budget next month to halt the planned corporation tax rise. The senior Conservative has argued that “now is not the time” for an increase in the tax on big business. In plans agreed while she served in Boris Johnson’s cabinet, corporation tax is [...]
FTSE 100 close: Blue chip index sinks back into the red as IAG falls and Cineworld slumps February 24, 2023 The FTSE 100 sunk back to close at 7,878.66 down 29.06 points or (0.37 per cent down, ending the week on another subdued note. The FTSE 250, also closed lower at 19,696.53 or 93.96 down, or 0.47 per cent. This week’s close marked a sharp contrast with the previous where the FTSE 100 breached the 8,000 [...]
Tingo, TAE Power Solutions and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs February 24, 2023 Tingo International Holdings Inc, TAE Power Solutions Engineering Limitied, and EVTEC Energy PLC have announced a partnership that will see the construction of Africa’s first net-zero solar power plant. The triumvirate of companies will collaborate to develop a 110MW solar power plant, providing a sustainable energy source for Tingo’s Special Agro-Industrial Processing Zone (SAPZ) driven [...]
Embattled Love Hemp dragged out of weeds by ‘special purpose’ CBD investor for undisclosed sum February 23, 2023 Embattled CBD brand Love Hemp has been rescued from collapse, weeks after the cannabis firm was forced to draft in administrators amid plummeting sales. The group, which has been promoted by boxer Anthony Joshua, was acquired for an undisclosed price by Portillion SPV1 Limited. The group has been recently founded by Kamran Sattar, the chief [...]
Governance won’t make a Big Bang but it can ensure the City’s competitiveness February 23, 2023 In this guest opinion piece, James Ashton, the chief executive of the Quoted Companies Alliance argues that governance improvements in the City – not least more use of the QCA Code – could be transformative for the Square Mile’s competitiveness WITH all the talk that another Big Bang is needed to revive the City’s global [...]
Former BBC sports commentator John Motson dies, aged 77 February 23, 2023 John Motson, the former BBC commentator who became one of the most recognisable voices in sports broadcasting, has died aged 77. Known affectionately as “Motty”, he combined an encyclopaedic knowledge of football with a palpable love for the sport that was reflected in his work. Motson, who also became synonymous with his trademark sheepskin coat, [...]