Invesco launches ESG ETFs with Paris climate change objectives

UK Investor Magazine
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Invesco launches ESG ETFs with Paris climate change objectives

Invesco has unveiled a new suite of ESG ETFs designed to help achieve climate goals set out in the Paris Agreement on climate change.

The ETFs will track MSCI indices that exclude assets deemed to damage efforts to meet the 1.5°C global warming target and aims to target asset helping the transition to the a lower carbon world.

The new Invesco ESG ETFs will offer exposure of equity markets in USA, Europe, Japan and World equity market. An emerging markets ESG ETF is said to be in the pipeline for release in the coming weeks.

With the addition of the four new products, Invesco now has an offering of 21 ESG ETFs.


Bloomberg ticker		Base/trading currencyOngoing charge (p.a.)
Invesco MSCI World ESG Climate Paris Aligned UCITS ETFPAWDUSD/USD0.19%
Invesco MSCI USA ESG Climate Paris Aligned UCITS ETFPAUSUSD/USD0.09%
Invesco MSCI Europe ESG Climate Paris Aligned UCITS ETFPAESEUR/GBP0.16%
Invesco MSCI Japan ESG Climate Paris Aligned UCITS ETFPAJPUSD/USD0.19%

“As world leaders initiate plans to slow global warming, companies are key to success. They will need to reduce their carbon footprints while many will also create products and services to help us all improve ours,” said Gary Buxton, Head of EMEA ETFs and Indexed Strategies at Invesco.

“This new range of ETFs offer investors an efficient way to focus on companies with lower climate-related risks and positive exposure to the transition, while meeting broader ESG objectives.”

“The Invesco ETFs will follow MSCI indices that aim to reduce exposure to transition and physical climate risks whilst pursuing opportunities arising from the transition to a lower carbon economy while aligning with the Paris Agreement requirements. Each index applies a broad set of exclusions, with the remaining constituents optimised to reduce carbon intensity to a level consistent with a 1.5°C warming pathway, as well as reducing the weighting of companies exposed to climate transition risks, maximising the weighting of companies with the highest exposure to climate transition opportunities and minimising tracking error relative to the standard MSCI index.”

The launch of Invesco’s ESG ETFs will add to a burgeoning marketplace that has seen a raft of new products in the past few years from providers such as iShares and Lyxor.

Greatland Gold shares shrug off another positive drill update

UK Investor Magazine
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Greatland Gold shares shrug off another positive drill update

Gteatland Gold have released an update on their drilling programme at the world-class Havieron gold asset with ‘significant mineralisation’ found in 19 of the new holes.

Their joint venture with Newcrest has now completed 219,561m of drilling from 266 holes and the company says there is another 90,000 meters planned by June 2022.

The recent drills uncovered further resources at HAD086W3 below the already recorded 48m of 2.2g/t Au & 0.15% Cu from 1,525m and 26.9m of 3.7g/t Au & 0.26% Cu from 1,538.1m.

However, despite the upbeat findings from the drill campaign, Greatland Gold shares remained little changed on Thursday morning.

Indeed, the Greatland Gold share price is trading at the lowest levels since late August 2020 and has given up nearly two thirds of their value YTD.

Greatland Gold have recently completed a fundraise they say was to help accelerate the development of the Havieron asset.

The fundraise, by way of a placing, was completed at 14p, a level now above the current Greatland Gold share price.

“The drill programme at Havieron consistently delivers high grade results and intersects significant mineralisation which continues to support a significant upgrade of the Inferred Mineral Resource to an Indicated Mineral Resource,” said Shaun Day, Chief Executive Officer of Greatland Gold.

“This latest drilling demonstrates continuity within the South East Crescent and together with significant assay intercepts running into the broader mineralized zonation. In addition, we have intercepts over 250 meters below the existing South East Crescent Mineral Resource which demonstrates the opportunity to further expand the ore body.

“As we head towards 2022, all drill programmes will be focused on growth, including new targets outside the known Havieron system with drill testing commencing at Havieron North and Zipa while we await the assay results of the initial drilling into these targets.

“With eight drill rigs operational, construction activities advancing and potential for significant upside for the scale and life of Havieron, there continues to be tremendous progress in the development of this world class project.”

ITV’s plans to expand internationally

Safiya Bashir
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ITV’s plans to expand internationally

ITV expects revenues to recover in 2022 and return to pre-pandemic levels.

The group also hopes to expand on international business and increase global formats in countries around the world.

Commenting on ITV’s vision for the next five years, Carolyn McCall the chief executive said:  “The vision we set out for ITV Studios in 2018 was to strengthen and grow our UK and international production business into a high quality and diversified global business. 

“We have made very significant progress and we are now a key scaled player in the global content market, diversified by genre, geography and customer base and we are in a position of strength to take advantage of the growing demand for quality content.”

Also commenting was managing director of ITV Studios, Julian Bellamy, who added:  “Today we are the number one commercial producer in the UK, one of the largest independent producers of unscripted content in the US and one of the biggest global producer/distributors in the world.” 

MADE adjusts revenue guidance

Safiya Bashir
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MADE adjusts revenue guidance

MADE has revised its revenue guidance amid supply chain issues.

The home retailer has warned investors of a £12m to £15m loss to earnings, now standing at between £365m and £375m.

“MADE has continued to deliver significant progress on its key strategic priorities as set out at the time of the IPO,” said the group in a statement today.

“On supply chain, the group has built stock positions to deliver significantly better lead times to consumers for 2022 and beyond as orders placed with suppliers are now in or close to our warehouses.”

The group debuted on the London Stock Exchange this year.

Dr Martens posts strong H1 results

Safiya Bashir
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Dr Martens posts strong H1 results

Dr Martens has posted a 46% increase in half-year profits to £61.3m.

Revenues also jumped 16% in the period between April and September to £369.9m.

Growth in sales was particularly high in the US, where the business grew 57%. In Europe, the group grew 12%.

“Our strong first-half performance combined with the continued momentum in DTC trading into the second half gives us confidence in achieving market expectations for the full year. I remain hugely excited about the growth potential of the Dr. Martens brand.,” said chief executive, Kenny Wilson.

Dr Martens opened 13 stores in the first of the year and will open a further 10 in the second half of the year.

Blackbird raises £8m to address new market opportunities

UK Investor Magazine
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Blackbird raises £8m to address new market opportunities

Video editing technology company Blackbird plc have announced a successful capital raise to fund expansion into new markets.

The focus will be on their ‘Powered by Blackbird’ intellectual property that provides lighting fast video editing and content publishing to organisations.

The funds will be deployed in the growth of their engineering team and expansion of their patent portfolio.

“With our core business in rude health we are incredibly excited to announce a placing to raise £8.0 million to enter new markets with our “Powered by Blackbird” intellectual property,” said Blackbird plc CEO, Ian McDonough.

“Recent contract wins for the Company include Univision, Eurovision Sport and a further expansion with TownNews to 80 regional US stations. “Powered by Blackbird” already has its first customer in our current sector focus of professional Media and Entertainment. The Company has also recently been awarded “Best Tech Company 2021” by the SportsPro OTT awards.

“While our reputation builds in the professional Media and Entertainment vertical, our technology has advanced through API development and the first “Powered by Blackbird” licence deal has shown our applicability to companies across multiple video markets. The creator economy, enterprise video and content distribution markets are of huge scale and have attractive growth rates offering a massive opportunity built around our existing intellectual property.”

Blackbird have recently posted record results for the six months to 30th June which saw revenues rise 21% to £867k.

Lloyds share price misses out on rally

UK Investor Magazine
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Lloyds share price misses out on rally

The Lloyds share price has was subject to heighten volatility as the Autumn started but has since become stuck in a very tight trading range.

While this may not be an immediate cause for concern for some, it does raise the question why Lloyds shares haven’t joined in the rally to the extent other companies have since the announcement of the new COVID variant.

Omicron was announced 26th November and caused the most severe selling of equities in 2021.

All industry groups were hit in a broad sell off as the market panic sold into low volumes due to the Thanks Giving Holiday.

The Lloyds share price was particularly heavily hit that day giving up more than 7% of it’s value. However, unlike many shares in the FTSE 100, Lloyds is yet to recover the losses recorded since.

Indeed, Lloyds shares are down 4.88% from the close 25th November 2021 at the time of writing. This ranks Lloyds 89th out the 100 shares in the FTSE 100 since in terms of performance since the close 25th November. Darktrace is the worst performer, down 13%, whilst BHP is the top performer, gaining 7.9%.

Lloyds shares in 2022

The underperformance in Lloyds share can be attributed to a range of factors but the stand out driver will be the uncertainty cast over whether the Bank of England will now hold off from hiking rates in 2021.

Lloyds shares had previously surged following strong UK economic news that significantly increased the chances of a rate hike in the bank’s December meeting.

With possible economic disruption caused by the new Omicron variant, Lloyds may miss out on the opportunity to achieve increased Net Interest Margins with higher rates, if the Bank of England keeps rates on hold.

This will not only be a concern for investors around the December BoE meeting, but will persist into 2022 as uncertainty reigns.

With the UK government outlining new restrictions, the UK could well see a economic downturn in Q1 which would not only push back expectations of a rate hike, but even impact the quality of Lloyds’ assets such as mortgages and loans.

The UK government has now ended furlough and may be hesitant to reintroduce fresh measures alongside COVID restrictions. This would have a detrimental impact on the UK economy and UK-focused shares such as Lloyds.

If this scenario plays out, investor should expect the Lloyds share price to underperform the wider market in a similar way to the last two weeks.

Berkeley Group, UK Property and Conroy Gold with Alan Green

UK Investor Magazine
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Berkeley Group, UK Property and Conroy Gold with Alan Green

Alan Green joins the Podcast to discuss key market themes and a selection of UK equities. 

We kick off with looking at UK housing prices and how the market could develop in 2022.

In terms of equities, we discuss Berkeley Group Holdings (LON:BKG), Technology Minerals (LON:TM1), Revolution Bars (LON:RBG) and Conroy Gold (CGNR).

Berkeley Group Holdings shares jumped after it announced a 36% increase in revenue. We drill down into the figures and the forces driving higher sales.

Technology Minerals is a newly listed company in London specialising on battery metals through a number of projects included mining and recycling. We discuss their projections and plans as a public company.

Revolution Bars is one of many companies in the Travel and Leisure sector ready to take off on any certainty on the outlook for COVID.

Conroy Gold shares have exploded higher in recent trading sessions, we briefly touch on their operations and what caused the jump. 

Taylor Wimpey chief executive to step down

Safiya Bashir
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Taylor Wimpey chief executive to step down

After 14 years, Taylor Wimpey CEO is stepping down.

Pete Redfern will continue at the group until a successor has been appointed. The board is considering internal and external candidates.

 “Pete has made an invaluable contribution to the business during his almost 15 years as CEO, including having successfully led the company through a global financial crisis and the recent pandemic,” said chairman Irene Dorner.

Redfern commentd: “It has been a privilege to work at Taylor Wimpey for the last two decades and to lead a business of which I am so proud, working with so many exceptional people both within the business and through our partnerships.

“The business is in excellent health and is well positioned for strong future growth. Accordingly, I am confident that now is the right time for fresh leadership as Taylor Wimpey starts the next chapter.”

“I am extremely proud that Taylor Wimpey is a five-star home builder for customer service, with the highest construction quality scores in the volume house building industry and outstanding employee engagement.”

Tui losses narrow amid summer optimism

Safiya Bashir
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Tui losses narrow amid summer optimism

Travel company Tui has narrowed losses from €3.5bn to €2.4bn (£2.1bn) for the year to the end of September.

The group remains optimistic about next year’s summer, however, is concerned about rising cases and the Omicron variant.

“It is still too early to make a real forecast for the 2022 summer season,” said chief executive, Friedrich Joussen.

“But we are optimistic that tourism will be able to recover to 2019 levels next summer. We want to, we can and we will find our way back to economic strength.”

 “The increased media coverage of rising incident rates and the emergence of new Omicron variant has weakened this positive momentum, particularly for winter.”

“There will be flexibility in deciding whether to offer winter programme capacity at the lower end of the range depending on the so-called fourth corona wave and possible policy decisions with regard to the Omicron variant.”

The group had a 40% fall in revenues for the year to the end of September. Bookings for next summer have increased by 535,000 since its last update.

“The UK, which is typically the most advanced booked due to the earlier launch of its summer programme, is already 52% sold for May. At this early stage, we believe summer 22 volumes will recover close to normalised summer 19 levels, supported by the stronger starting position and a travel environment underpinned by the continued success of vaccinations.”

“It remains difficult to forecast the further course of the pandemic and its impact on customer behaviour. In view of the uncertain environment, the executive board believes it would not be appropriate to issue a specific forecast for the new financial year 2022 at this time.”

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