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Puma said it will cut around 900 white-collar roles globally by end 2026. The German sportswear group reported double-digit sales declines and rising debt, prompting a wider restructuring under new chief executive Arthur Hoeld as it seeks to stabilise margins and reset its global distribution model.
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Labour has unveiled a £55 billion plan for science and technology. The programme — the largest sustained investment in UK R&D — will channel billions into research organisations and innovation bodies through 2030, as part of a national strategy to make Britain a global science and technology superpower.
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Meta and Engie North America sign new solar energy agreements. The agreements include a 600 MW solar project in Texas, boosting their collaboration to over 1.3 GW. This supports Meta’s commitment to renewable energy for its data centres….
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Norges Bank releases its 2030 Climate Action Plan. The plan outlines its updated approach to managing climate-related financial risks and opportunities. It focuses on engagement with portfolio companies to align activities with global net zero emissions targets by 2050….
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Arca signs a 10-year carbon removal agreement with Microsoft. British Columbia-based Arca will use its technology to transform mining waste into rock, permanently sequestering nearly 300,000 tonnes of CO2. The agreement supports Microsoft’s goal to become carbon negative by 2030….
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Just one in three UK tech scale-ups have AI board expertise. New research from Think & Grow reveals UK technology scale-ups risk falling behind larger listed peers, with just 32% boasting artificial intelligence expertise on their boards compared with 40% of FTSE 350 tech companies.
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Net Purpose acquires SDI AOP to unify sustainable investment standards. The acquisition aims to enhance sustainable investing by creating a unified standard that accelerates investments aligned with climate and Sustainable Development Goals, leveraging the expertise of major pension asset managers….
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Corpay moves to acquire UK-based Alpha Group International. The £1.8 billion all-cash agreement will see the London-listed payments and foreign-exchange provider become part of the U.S. financial services group. The deal extends Corpay’s reach into Europe’s institutional markets and highlights renewed overseas appetite for UK-listed fintech businesses.
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UK universities plan £500m fossil-free cash investment fund. A coalition of 79 higher education institutions, led by Cambridge, aims to decarbonise short-term investments through a new fund excluding fossil fuel-linked companies, expected to launch by late 2025.
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UK grants FCA powers to regulate ESG ratings providers. The legislation aims to ensure transparency and comparability in ESG ratings, enhancing trust in sustainable finance. A public consultation on detailed rules is expected by year-end.
