Renewable energy set to grow by 50% by 2024 October 21, 2019 The world’s total renewable power capacity is forecast to grow by 50 per cent by 2024, according to the International Energy Agency’s (IEA) Renewables 2019 report, which was released today. Solar photovoltaics are predicted to account for more than half of the growth, with the 600GW increase to be driven mainly by commercial, industrial and [...]
BHP to switch Chilean copper operations to renewables by 2021 October 21, 2019 Mining giant BHP has announced today that it will supply all its Chilean copper operations through renewable energy from 2021. Daniel Malchuck, president of BHP Minerals Americas, said that it had signed four energy contracts, covering projects such as Escondida, the world’s biggest copper mine. Read more: Temasek makes 3bn offer to take control of [...]
Worst quarter in three years for UK dividends October 14, 2019 UK dividend payouts have plummeted to their lowest level in three years as storm clouds gather over the global economy. Underlying dividends paid out to shareholders by UK firms tumbled almost three per cent in the third quarter on a constant currency basis – independent of foreign currency movements – the worst quarterly performance in [...]
Why your ethical fund may not be so ethical after all October 9, 2019 The launch of an ethical investment fund used to be a far rarer occasion than it is today. Around 21 ethical funds have been launched in the UK already this year, according to exclusive figures given to City A.M. by research house FE. Compare this to 2014, when just seven ethical funds were launched all [...]
Putting the new Audi R8 through its paces on some hair-raising roads from Calais to Paris to Provence September 25, 2019 The Audi R8 is a mid-engined supercar with multiple personalities. Ideal, therefore, for a blast through France to visit three characterful but very different hotels. The 2019 Audi R8 might have only received a mild facelift but it can still stop people in their tracks. From the front, I worry that the recent nip-tuck makes [...]
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: [...]
Can you Brexit-proof your investment portfolio? September 16, 2019 The future of Brexit is unknown, but investors and traders need to be proactive if they are to avoid any sudden shocks. Here’s how you might Brexit-proof your investment portfolio. The UK hasn’t left the EU yet, but Brexit is already wielding its influence over the financial markets. For the past three years, investors and traders [...]
Nickel soars as Indonesia bans ore exports September 2, 2019 Indonesia today said it would bring forward a planned nickel ore export ban to the beginning of next year, sending prices up to an almost five-year high. The country, which is the world’s biggest producer, said that exports of all grades of nickel ore will be stopped from 1 January 2020, even if companies have [...]
Auditor ranking race narrows as FTSE 100 firms spread out September 2, 2019 Prized FTSE 100 clients are now more evenly spread out among the Big Four accountancy giants than at any time in almost 15 years, with some of the UK’s top auditors losing out to their rivals after an intense year of scrutiny and high-profile failures. The blue-chip client league table for auditors has “never been [...]
Antofagasta on track for record copper production August 22, 2019 Despite lower prices, a jump in copper sales boosted Antofagasta’s top and bottom lines and set it on track for a record year of production. Revenue jumped 19.1 per cent at the miner to more than $2.5bn (£2bn), while earnings before interest, tax, depreciation and amortisation rose 44 per cent to $1.3bn. Read more: BHP [...]