Could falling Japanese stocks see Abenomics end in tears? February 4, 2014 The Nikkei took the biggest hit of any advanced economy stock index yesterday, dropping over four per cent. The Japanese stock index is down by about 14 per cent from its December peak. Is Prime Minister Shinzo Abe’s radical easing policy slipping up? Despite fears of a new bear market, this isn’t even the biggest [...]
City Matters: Social impact investing: The City must embrace a future of philanthropy January 29, 2014 THE CITY has always been a crucible for debate, innovation and philanthropy. All three are crucial as we strive to rise to the complex challenges posed by the “new normal” – a fast-developing globalised world where resources are increasingly scarce and in demand. I am particularly keen to draw upon the City’s energy, expertise and [...]
EU must invest in new technology or lose out to global rivals, warns energy boss January 28, 2014 Europe needs to invest more in new technology if it wants to compete in an age of cheap energy, according to the chief executive of Italy's largest power company, Fulvio Conti. Speaking to CNBC, he said: If we don't invest in new technologies and improvements it will be difficult to match the competition of emerging [...]
What the other papers say this morning – 27 January 2014 January 27, 2014 FINANCIAL TIMES Citigroup bankers to get cash bonuses Citigroup is set to pay most of its investment bankers in Europe at least half of their bonuses in cash this year, underlining how US banks continue to be much more generous than their European rivals. At Citi’s Europe, Middle East and Africa unit, its top rewarded [...]
Supermarkets look to generate own electricity January 26, 2014 SUPERMARKET chains are increasingly looking to generate their own energy, as a means of securing supply, cutting costs and reducing their carbon emissions. FTSE 100-listed Sainsbury’s “will continue to invest in low-carbon technologies including solar panels for stores and depots in 2014,” a spokesperson told City A.M. The retailer opened two carbon-neutral stores late last [...]
The Mints are falling apart: It’s time to reassess our view of emerging markets January 26, 2014 TO PARAPHRASE Antony in Julius Caesar, I come to bury the Mints idea, not to praise it. True, as with its Brics ancestor, former Goldman Sachs Asset Management head Jim O’Neill has hit upon something vitally important by identifying Mexico, Indonesia, Nigeria and Turkey as future economic giants. With the Brics, it was that the [...]
City Matters: Social impact investing: The City must embrace a future of philanthropy January 26, 2014 THE CITY has always been a crucible for debate, innovation and philanthropy. All three are crucial as we strive to rise to the complex challenges posed by the “new normal” – a fast-developing globalised world where resources are increasingly scarce and in demand. I am particularly keen to draw upon the City’s energy, expertise and [...]
SSE posts 8.8 per cent rise in profits – if you look very closely January 23, 2014 Big six energy supplier SSE said it expects profits to rise to £1.54bn this year, mere months after pushing customers’ bills up 8.2 per cent. This equates to an 8.8 per cent increase in pre-tax profits, despite SSE losing 250,000 customers in the nine months to 31 December 2013. The profit forecast was slipped in [...]
Npower names and shames UK’s poshest postcodes as biggest energy wasters January 22, 2014 Npower’s chief executive Paul Massara has been given a hard time today after saying that the UK’s inefficient "old and draughty" houses mean "bills are high because [they] waste so much energy". The comments are part and parcel of a 14-page document on how to reduce bills by the Big Six company, which rival Ofgem [...]
Watchdog hits back over claims from Npower January 21, 2014 REGULATOR Ofgem today blasted Npower’s breakdown of energy bills, calling its data on network costs “incorrect and misleading”. The big six firm’s new report said that energy network distribution costs would rise by 22.7 per cent between 2013 and 2020, adding £58 on to the average annual duel-fuel bill. “Suppliers control less than 20 per [...]