Azerbaijan launches climate fund with $500mn in oil money
Petrostate Azerbaijan is planning to raise at least $500mn to fund green projects as its first step in marshalling…
Yearly Archives
2024
Wall Street firms to purchase Envestnet, a wealth management software provider for…
Envestnet, which sells specialised software for wealth management, has agreed to get acquired by an American…
Oasis is taking a bigger bite out of sandwich maker Greencore
Oasis management, an activist fund, has become Greencore’s largest shareholder. This puts pressure on the UK…
Li Ka-shing’s CK Infrastructure is considering secondary listing in London
Hong Kong's CK Infrastructure Holdings is being controlled by the family that controls the richest man in Hong…
The pound has surged to a one-year high following UK inflation and UK growth…
The pound rose to its highest value against the dollar since almost a full year after the UK's economy grew faster…
Labour faces legal challenges over its plan to ban all new North Sea licenses…
The Labor government faces a legal dilemma in its plans to ban new North Sea oil exploration and gas before the…
Carpetright put on sale
Carpetright is for sale, which could result in hundreds of closures of stores and the loss thousands jobs.
PwC…
FCA to make biggest changes in London Stock Exchange listings since 30 years
City regulators are set to implement the most significant change in listing rules for three decades to attract and…
Water companies must limit their bill increases to £94
Water companies and regulators are at odds over a £16-billion cut in infrastructure spending, while households see…
Milan will benefit from the flight of wealthy UK citizens to Italian tax regime
London has always been a favourite among the rich and famous because of its well-connected financial center, which…
Pfizer continues to test a once-aday weight loss pill
A pharmaceutical giant will test an experimental treatment in response to the surge in demand for obesity…
After almost 200 years, Royal Mail will no longer use its own freight trains
After almost 200 years, Royal Mail will no longer use its trains to transport mail.
The company confirmed that…
BP says that global oil demand is expected to peak in 2025. This will bring an end…
BP predicted that global carbon emissions will stop rising by mid-2020 due to a boom in wind and solar energy.…
Bank of England economist dashes hopes of interest rate cuts
The chief economist of Bank of England has warned that key inflation measures remain "uncomfortably" high. This is…
South East Water needs cash injections to stay afloat
South East Water says it needs cash injections from investors in order to remain in business. It is preparing for…
Airbus tests electric engines for the future of aviation
After other net-zero projects failed, the aviation giant is now focusing on hybrid power.
Airbus will use small…
Mike Jatania is close to a deal with The Body Shop
Mike Jatania, a British tycoon, is close to completing a deal with The Body Shop as he continues his race to save…
Microsoft and Apple drop out of OpenAI Board amid regulatory scrutiny
Microsoft and Apple resigned from their board observers seats at OpenAI to quell global regulators' concern over…