DWS to pay $25m to end US probe into greenwashing September 25, 2023 Deutsche Bank-controlled (DBKGn.DE) investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday.
Funding fears as UK university ‘spin-out’ investment tumbles September 25, 2023 Spin-out experts have sounded the alarm today after new figures showed funding for start-ups born in British universities has slumped.
Retail sales dip again in September but signs of optimism emerge as inflation eases September 25, 2023 This was down on last month's predictions for September, which showed a balance of -21 per cent, and last month's recorded fall of -44 per cent.
Aldi throws £1.4bn into expansion as discount grocer enjoys record sales September 25, 2023 German discounter Aldi will invest £1.4bn over two years to support its expansion plans, as customers seeking out cheaper groceries continues to be a boon for the business. The value supermarket revealed today that its annual sales increased by a whopping £2bn to £15.5bn in the year to December, a record for the store in [...]
Oil prices hold firm as Russia puts more pressure on supplies September 25, 2023 Oil markets have stabilised in this morning's trading, with consolidating historic price gains on both major benchmarks.
UK growth set to slow as economy experiences ‘renewed signs of stress’, KPMG warns September 25, 2023 The UK economy will “struggle to keep its head above water” for the remainder of this year as it is experiencing “renewed signs of stress,” KPMG warned today.
London VC firm raises record $700m to fuel European tech September 25, 2023 London investment firm Dawn Capital has raised $700m (£572m) as it looks to nurture the tech talent and innovation blossoming across the continent. The venture capital (VC) firm’s $620m flagship fund, Dawn V, aims to support software startups with initial investments ranging from $10-$40m at Series A and B stages. It is the largest ever [...]
Copper prices slide as waning demand in China causes stocks to rise September 24, 2023 Copper prices have dipped despite hopes of rebounding demand in China, as its economy recovers from the pandemic.
Government would be ‘crazy’ not to reconsider HS2 costs, minister says September 24, 2023 The government would be “crazy” not to reconsider the costs of the HS2 rail project, Grant Shapps has told the BBC. Shapps said Rishi Sunak was prepared to take “difficult long-term decisions” amid reports the Prime Minister is set to axe the northern leg of HS2. The defence secretary told the BBC’s Sunday with Laura [...]
Wall Street suffers more pain at end of worst week in six months September 23, 2023 Wall Street wheezed to more losses on Friday as it limped to the end of its worst week in six months. The S&P 500 slipped 9.94 points, or 0.2%, to 4,320.06 after a late-day swoon erased a modest gain it had held for most of the day. It capped an ugly slide caused by Wall [...]