Rishi Sunak announces post-Brexit outline for City of London November 9, 2020 Rishi Sunak has outlined the City of London’s future after Brexit, which will aim to provide stability for EU financial services firms operating in the UK while also trying to open up the sector to more international markets. Sunak said the Treasury today was unliterally publishing “a set of equivalence decisions for EU and EEA [...]
Ineos launches clean hydrogen business in green drive November 9, 2020 Sir Jim Ratcliffe’s firm Ineos has joined the long list of corporates piling into green energy with the launch of a new UK business to cut carbon emissions. The chemicals company has today launched a new clean hydrogen business, headquartered in the UK, in its drive to net-zero carbon emissions. Through its subsidiary Inovyn, Ineos [...]
Exclusive: Tories must be more business friendly, says ad guru Martin Sorrell November 9, 2020 The Tories must be more business friendly after failing to secure the support of the corporate world during the coronavirus crisis, ad veteran Sir Martin Sorrell has said. Speaking to City A.M., Sorrell said the government “went down the wrong direction” in its response to the pandemic earlier this year and had angered businesses with [...]
Gearing up against greenwashers: investors seek clarity on sustainability terminology November 9, 2020 A dearth of clear, agreed sustainability definitions present a challenge to investors looking to invest sustainably. This is according to the results of the Schroders Institutional Investor Study, which surveyed 650 institutional investors across 26 countries during April 2020. Gearing up against greenwashers Greenwashing is about falsely communicating the environmental benefits of a product or [...]
Joe Biden must not let anti-capitalist climate zealots capture his presidency November 9, 2020 As the world prepares for the coming Biden administration, a fundamental question looms both for Americans and for the wider world: which Joe Biden will govern as President? He has long defined himself as a moderate, a centrist, a bipartisan consensus-finder — but recently his Democratic Party has moved significantly to the left, and in [...]
Building back a greener City — and a greener world November 9, 2020 It is essential, even as we readjust to lockdown over the next few weeks, to not lose sight of another of humanity’s great challenges: tackling climate change. As one of the world’s foremost financial centres, London has a huge role to play in supporting the development of a more sustainable global society, and is well-placed [...]
Private equity circles William Hill’s European arm November 8, 2020 Buyout firms are once again circling William Hill, this time for its European operations following a deal with American firm Caesars Entertainment. In late September William Hill said it had given Caesars Entertainment the green light for a £2.9bn deal, which will be put to a shareholder vote on 19 November. Once shareholders have approved [...]
Tech and the City: Listing rules set for revamp to lure unicorns November 8, 2020 Rules governing public listings are reportedly set for a huge overhaul in a bid to lure tech giants to the City. Chancellor Rishi Sunak is next week set to announce a review into stock market listings to encourage tech unicorns, firms valued at over $1bn, and other high-growth companies to list in London rather than [...]
Telus Corp agrees to pay £700m for Lionbridge AI November 6, 2020 Telecoms giant Telus Corporation has announced it will acquire Lionbridge AI for C$1.2bn, or £700m. The company will acquire Lionbridge AI via its global arm, Telus International. Darren Entwistle, Telus Corp’s CEO, said on Friday: “Today’s announcement advances TELUS’ commitment to harness the power of technology to provide outstanding customer experiences on a global basis, [...]
US Election: Biden’s (almost certain) win: How it happened November 6, 2020 Live updates on the US Presidential Election 2020 as Donald Trump and Joe Biden go head to head. Rolling coverage as Americans vote.