Markets
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Zilch secures £30m loan facility, favouring debt over equity. The London fintech, based in Victoria, has agreed a £30m facility with US Bank. This follows a £100m debt facility with Deutsche Bank last year and £20m Series D funding in 2023.
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Economists propose tax shifts to boost UK revenue by £6bn. The Resolution Foundation suggests reducing national insurance and increasing income tax to raise £6bn, helping Chancellor Reeves counteract higher borrowing costs and expected growth downgrades.
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Ingka Investments partners with Vanguard Renewables to transform food waste. Ingka Group’s investment arm has made a minority investment in Vanguard Renewables, a BlackRock portfolio company, to convert food waste from IKEA stores into renewable natural gas, enhancing their sustainability efforts….
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Climate Week NYC gathers global leaders amid ongoing climate challenges. With geopolitical instability and economic uncertainty dominating headlines, the urgency of addressing climate change persists. Recent environmental disasters highlight the necessity of maintaining focus on climate action, despite other pressing global issues….
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La Caisse acquires Edify for AUD$1.1 billion investment. The Canadian investor will support Edify’s growth, which includes developing over 1 GW of solar and battery systems and financing new projects for Rio Tinto and the Australian government….
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Eni signs $1 billion fusion energy agreement with CFS. Italian energy company Eni has entered a $1 billion power purchase agreement with Commonwealth Fusion Systems to acquire energy from its first commercial fusion plant, expected to be operational in Virginia in the early 2030s….
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NatWest plans to sell pension provider Cushon after two years. The bank has engaged advisers for the sale and is in discussions with potential buyers. This move follows a strategic shift under CEO Paul Thwaite, focusing on large-scale acquisitions.
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Macquarie raises over $3 billion for energy transition strategy. The firm’s Macquarie Green Energy Transition Solutions fund surpassed its initial target, securing $2.4 billion in fund commitments and $647 million in co-investment, focusing on decarbonisation sectors globally….
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Schneider Electric partners with Climeworks for carbon removal solutions. Schneider Electric has agreed with Climeworks to remove 31,000 tonnes of CO2 by 2039 and collaborate on reducing the cost of Direct Air Capture technology, enhancing its carbon removal portfolio….
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Spire Healthcare considers strategic options amid shareholder pressure. The private hospital group is reviewing potential business strategies, including a sale, with Rothschild & Co advising. Rising demand for private healthcare due to NHS strain has increased interest in Spire.