Shares at British multinational investment bank Barclays (LON:BARC) have slipped almost 2% on Monday morning after the London-based firm released an update on its strategy and targets to combat the climate crisis. Earlier this year, the bank announced it would limit its funding to fossil fuel projects after pressure from investors forced Barclays to realign […]

The post Barclays shares slide amid update on net zero ambitions appeared first on UK Investor Magazine.

Chancellor Rishi Sunak has brought in a raft of green finance initiatives in an effort to de-carbonise the UK economy. However, in a letter sent to the Chancellor, think-tanks, academics, researchers and financiers have outlined their concerns, with all signatories agreeing that Sunak’s new measures rely too heavily on market mechanisms. The Chancellor’s green finance […]

The post Financiers and academics say Sunak’s green finance approach is too market-oriented appeared first on UK Investor Magazine.

Shares at BP plc (LON:BP) have plunged to their lowest level since 1995, reaching a mere £2.10 on Wednesday and falling from its £5-a-share value at the start of 2020, just weeks after new CEO Bernard Looney warned of a major restructuring drive amid mounting fears about the role of the oil industry in the […]

The post BP shares dive to 25-year low amid climate crisis fears appeared first on UK Investor Magazine.

Anglo-Dutch consumer goods conglomerate Unilever (LON:ULVR) has announced its plans to invest €1 billion in cutting out fossil fuel from its cleaning products as part of a move “to transform the sustainability of global cleaning”. The manufacturing giant – which boasts a number of household name brands such as Cif, Domestos, and Persil – stated […]

The post Unilever to invest €1bn in removing fossil fuels from cleaning products appeared first on UK Investor Magazine.

Nest (National Employment Savings Trust), the UK’s largest pension scheme boasting a total of 9 million members, has pledged to pump £5.5 billion – almost half of its entire portfolio – into ‘climate aware’ investments, and aims to reach net zero carbon emissions across all of its stakes by 2050 by divesting from polluting projects. […]

The post Nest to inject £5.5bn into climate-friendly projects, decarbonise portfolio appeared first on UK Investor Magazine.

Manufacturer of specialist products Morgan Advanced Materials (LON:MGAM) reported on Tuesday that it booked a solid set of fundamentals for the full-year ended 31 December 2019, and that the reduction of its leverage had continued to illustrate its strong trajectory over the last three years. The company took in £1.05 billion of revenue, up 1.5% […]

The post Morgan Advanced Materials offsets market decline with growth across its sectors appeared first on UK Investor Magazine.

BP Plc (LON:BP) have announced their intentions to become net carbon zero by 2050 in an update on Wednesday. “The world’s carbon budget is finite and running out fast; we need a rapid transition to net zero. We all want energy that is reliable and affordable, but that is no longer enough. It must also […]

The post BP announce plans to become net carbon zero appeared first on UK Investor Magazine.

Global producer of specialist carbon-based products, Morgan Advanced Materials PLC (LON: MGAM) posted modest revenue growth and an impressive operating profit margin during the first half of 2019. The Group’s revenues were up 1.0% and headline operating profit margin stood at 12.8%; also an improvement of 70bps organic revenue growth and benefit of efficiency actions. […]

The post Morgan Advanced Materials strategy and profitability on track appeared first on UK Investor Magazine.