How carbon offsets can help achieve net-zero carbon emissions. May 20, 2022 Alan Simpson CA explains the use of carbon offsets as a means of achieving net zero carbon emission Carbon offsetting is an activity that compensates for, or balances out, greenhouse gas emissions generated by an organisation through its activities and operations. These offsets (or carbon credits) are expressed in tonnes of carbon dioxide (CO2). Each [...]
Money maker: Traffic camera at Bank Junction makes £15m in fines in three years May 20, 2022 The traffic camera at Bank Junction has made £15.2m in fines between 2018 and 2021. According to a FOI request by Bloomberg News to the City of London Corporation, in 2021 fines at the junction amounted to £3.2m – 40 per cent of all penalties levied in the City during the year. Drivers in fact [...]
Starry eyed investors: Seraphim Space Camp for startups pushes into the US May 19, 2022 Seraphim Space Camp, a UK-based programme which helps space-tech startups get ready to go public, has pushed into the US – as leaps in progress catch the eyes of investors. The programme, set up by London-listed space-tech investment fund Seraphim, is a venture capital-led scheme which rallies initial public offering (IPO) level funding behind the [...]
Letters: Small businesses will hurt first May 19, 2022 [Re: Banks across the UK are ‘pulling the drawbridge’ as lending to small businesses hits all-time low, May 16] The fact that successful applications for finance amongst small firms have plunged to their lowest level since records began – while lending to large corporates has increased significantly since the start of the year – highlights [...]
City exclusive: Cordiant Capital’s co-CEO on how to make money in the crowded world of digital infrastructure May 19, 2022 Amid an increased focus on digital infrastructure, data transfers and online storage in practically every market around the world, investment giant Cordiant Capital listed its Cordian Digital Infrastructure arm in London last year. Time for City A.M. to catch up with Benn Mikula, co-CEO and managing partner at Cordiant Capital, to see how things are [...]
Restructuring specialist Begbies Traynor says results will be ‘comfortably’ ahead of expectations May 19, 2022 Corporate restructuring specialist Begbies Traynor has said it expects its upcoming financial year results will be “comfortably ahead of market expectations” and “significantly” on last year. The Manchester headquartered firm said it expects its revenues will increase 30 per cent to £109.5m and its adjusted pre-tax profits will increase 55 per cent to £17.8m, compared [...]
National Grid posts £4bn profit amid soaring electricity and gas prices May 19, 2022 National Grid announced operating profit was up 11 per cent to £4bn as the firm continues to invest in its energy transition.
Activist shareholder group slams $68tn climate initiative for ‘lack of ambition and progress’ May 19, 2022 Activist shareholder group ShareAction has slammed the world’s largest climate investor initiative today claiming it has “failed to deliver any meaningful progress” on reducing corporate emissions.
Windfall tax would jeopardise North Sea investments argues UK’s offshore energy body May 18, 2022 The UK's leading offshore energy body has warned Kwasi Kwarteng that a windfall tax could undermine stability in the oil and gas sector.
Space-tech real estate to take-off as investment gathers pace May 18, 2022 Space-tech real estate is forecast to take-off, following in the footsteps of the UK’s post-Covid-19 life sciences property boom, according to Savills. The UK has doubled down on its blossoming industry, which pulls around £16bn into the economy each year, as it looks to launch from its own soil this summer. “The space industry [...]