London should be the go-to city for green finance as Britain takes on COP26 July 5, 2021 It’s just over four months to go until the UN Climate Change Conference – better known as COP26 – takes place in Glasgow, and few will deny we are at a pivotal moment for our planet, and for the future of finance. With this in mind, we recently held the second of our hybrid Green [...]
Transforming private equity with data analytics July 5, 2021 Krekar Kawani CA, Founder of Touchstone Advisory, examines how private equity firms are leveraging game changing advancements in data analytics to their advantage. Data has been an integral part of human culture since the beginning of time. Humans going back as far as 40,000 years have been recorded using sequential markings by etching notches on [...]
US companies targeted in Russian-linked cyber-attack July 3, 2021 200 US businesses have been targeted by Russian-linked cyber-criminal groups in a “colossal” ransomware attack, a cyber-security firm announced on Friday. Huntress Labs said the attack hit Florida-based IT company Kaseya and spread through its corporate networks that use its software. Kaseya said it was investigating a “potential attack”. Russia-linked hackers REvil were the perpetrators of [...]
OECD: Ireland snubs global tax deal July 2, 2021 Ireland refused to sign a major agreement to overhaul the global corporation tax regime on Thursday. 130 countries and jurisdictions agreed to the deal brokered by the Organisation for Economic Cooperation and Development, which paves the way for sweeping international changes. The new regime will see a global tax for 100 of the world’s largest [...]
Online materials retailer CMO valued at £95m in London AIM listing July 2, 2021 Online-only building materials firm CMO has bagged a sturdy valuation of £95m ahead of its London AIM listing, the company confirmed this morning. CMO said it is trying to rally around £45m in a share placement for 132p per share on London’s junior AIM market. Last week, the online retailer announced its intention to list [...]
On the prowl for a new global goal for nature: will the UN pounce on “nature positive by 2030”? July 2, 2021 20 years ago I gave a talk to a group of investors about why it was important to think about issues beyond profit in investment decisions. I gave an example of an oil spill. I showed them pictures of environmental damage, of polluted waterways, habitat destruction and oil-soaked birds. My talk bombed – they weren’t [...]
Podcast: MD of the CDSB on her predictions for COP26 and what investors should look out for July 2, 2021 As the annual UN Climate Change Conference (COP26) draws closer, Indy sat down with Mardi McBrien, the Managing Director of the Climate Disclosure Standards Board (CDSB), to hear her predictions for the conference, the considerations companies need to make to reach ‘net zero’, and how CAs can help save the planet. Listen now on Spotify, [...]
City leaders are constantly proposing ‘green initiatives’ but is the Square Mile really doing everything it can for climate change? July 2, 2021 During London Climate Action Week, a series of sustainability initiatives are capturing airtime. The City of London’s ‘Climate Action Strategy’ aims to make the Square Mile net-zero in its carbon emissions by 2040. A group of law firms has adopted a ‘greener litigation pledge’. And financial services, which form the backbone of the City, are keen to [...]
New report outlines how to deepen UK-India capital market links July 1, 2021 A new report released today [1 July 2021] calls for the development of a deep, liquid corporate bond market in India to fund the country’s large infrastructure investment needs and its transition to a low carbon economy. Unleashing the potential of the Indian Debt Capital Markets is the first report by the City of London Corporation [...]
UK Bribery Act 10 years on: Have City firms improved their anti-corruption conduct? July 1, 2021 Today it is ten years ago that the UK Bribery Act 2010 came into force, on 1 July 2011. What has changed? The law presented itself as a radical and comprehensive overhaul of UK anti-bribery and corruption law, while its introduction was spearheaded by the Ministry of Justice and Serious Fraud Office (SFO), looking to [...]