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David Crane appointed CEO of Generate Capital, succeeding Scott Jacobs. Generate Capital aims to leverage opportunities in the evolving energy market with Crane’s leadership. The firm focuses on sustainable infrastructure across sectors like energy, mobility, and water….
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Sphera secures significant investment from Neuberger Berman for growth. Blackstone-backed Sphera announced a growth investment from Neuberger Berman Capital Solutions to accelerate innovation and expand globally. Blackstone retains a majority stake while Sphera aims to enhance its sustainability and risk management solutions….
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Jaguar Land Rover hit by cyber attack disrupting production. The incident has affected operations at two major UK factories, but Tata Motors’ share price remains stable. Retail activities suffered during a peak sales period, yet no customer data has been compromised….
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SBTi releases draft Power Sector Net-Zero Standard for companies. The new standard requires companies to phase out unabated fossil fuel capacity and cease investments in such assets, aiming to align the power sector with net-zero goals by 2050….
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Palmer Energy Technology has acquired Oxford spin-out Brill Power. The deal, alongside a £5 million Series A round, will support deployment of Brill’s battery management systems across UK energy storage projects.
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UK services growth surged to a 16-month high in August. The S&P Global/CIPS PMI rose to 54.2, signalling stronger demand across business services, hospitality, and transport, as inflationary pressures eased and overseas demand picked up.
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Eurozone economic growth stayed sluggish in August, PMI data shows. Manufacturing posted its strongest output in more than three years, while services slowed and inflationary pressures picked up, highlighting uneven momentum and continued fragility across the bloc’s recovery.
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Chancellor Rachel Reeves will present her first full autumn budget. The Treasury has announced the date as 26 November, with speculation over potential tax increases to address a public finance shortfall of up to £40 billion.
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Deutsche Bank updates its Transition Plan to reaffirm climate goals. The bank remains committed to its net-zero targets despite global banking shifts. It highlights initiatives like Divisional Carbon Budgets and risk management integration to achieve sustainability….
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Standard Chartered appoints Roger Charles as Head of Sustainability Initiatives. Based in Singapore, Charles will support the Corporate & Investment Banking team in achieving sustainability goals, following his tenure at DBS Bank and previous experience with Standard Chartered….
