There is a disconnect between government rhetoric and reality on climate change September 18, 2019 The noise around climate change and the risk it poses to the planet has reached fever-pitch, and pressure on the UK government to take action is increasing by the day. The Extinction Rebellion movement has repeatedly taken to the streets of London to demand action from policy-makers, while Swedish activist Greta Thunberg inspired schoolchildren to [...]
‘Gen Xers care more about sustainability than millennials’ September 17, 2019 | City Talk People from Generation X – defined as those between 38 and 50 years of age – appear more motivated to invest sustainably than millennials. New research found 61 per cent of “Generation Xers” always consider sustainability factors when selecting an investment product, compared with 59 per cent of millennials, who are 18 to 37 years [...]
BHP boss has bonus slashed after death in Australian mine September 17, 2019 The boss of BHP, one of the world’s largest miners, had his bonus slashed last year after a death at one of the company’s Australian coal mines. Chief executive Andrew Mackenzie was paid $3.5m (£2.8m) in the last financial year, down by more than $1.1m. $1.3m of his pay was a performance-related bonus. Read more: [...]
Oil prices plunge as Saudi production could come back online sooner than expected September 17, 2019 Oil prices fell dramatically this afternoon as it was revealed that Saudi Arabia expects that it will have repaired all of its output in just weeks. Prices bounced yesterday as markets reacted to the news that a drone attack had taken out half of Saudi Arabia’s oil production. Read more: Saudi oil attack: How high [...]
Oil prices steady after Saudi attacks sparked record rise September 17, 2019 Oil prices steadied this morning after markets shouldered a massive shock yesterday when prices rocketed at their fastest rate ever. The price of Brent crude, the international standard, was more or less unchanged at $69 per barrel this morning. Read more: Saudi oil attack: How high could oil prices go after record-breaking rise? Yesterday’s shock [...]
Hundreds of jobs in peril as Sirius Minerals project under review September 17, 2019 One of the UK’s biggest mining projects, expected to provide around 1,200 jobs, was thrown into turmoil today after it was forced to scrap a $500m (£400m) bond sale and pay back $400m from a separate sale to investors. Sirius Minerals said that poor market conditions had forced it to abandon the sale which would [...]
US oil firm Vaalco looking for multi-million pound acquisitions on London listing September 16, 2019 The boss of US oil explorer Vaalco has said the company could quadruple its size through an acquisition as he announced a plan to list in London. Vaalco, which produces 3,664 barrels of oil per day from an oil field in Gabon in West Africa, sees significant opportunities to expand through mergers or acquisitions, chief [...]
Kazakh payments firm Kaspi.kz announces London listing plans September 16, 2019 Kazakh financial group Kaspi.kz today announced plans to list in London this year. The offering will consist of a sale of existing shares in the form of global depository receipts by shareholders, Kaspi.kz said today. Read more: London equity capital markets remain resilient despite uncertainties The proposed listing is a boost to London’s stock market [...]
US markets fall while oil prices rise after attacks on Saudi supply September 16, 2019 Wall Street fell this afternoon after the weekend’s attack on Saudi crude oil facilities knocked out five per cent of the world’s supply. The attack on the world’s biggest oil exporter boosted oil prices by as much as 20 per cent before they eased off, as US President Donald Trump gave the green light for [...]
US charges JP Morgan precious metals traders with market manipulation and ‘racketeering’ September 16, 2019 JP Morgan’s global head of precious metals trading has been charged in the US with running an eight-year “racketeering conspiracy” to manipulate markets. Michael Nowak, 45, who ran the bank’s global precious metals trading desk, faces charges of a “massive, multiyear scheme to manipulate the market for precious metals futures contracts and defraud market participants,” [...]
