Markets
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Britain’s economy shrank 0.1 percent in May, marking two monthly declines. The latest official data showed manufacturing and construction weighed on growth despite a mild services uptick, pushing GDP further below expectations and raising questions over the UK’s near-term economic outlook.
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UL Solutions unveils new sustainability-focused software solutions. The company launched tools to manage supply chain emissions, meet ISSB reporting requirements, and plan renewable energy deployment, enhancing its ULTRUS platform to address complex sustainability and compliance challenges….
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Iberdrola and Masdar announce a €5.2 billion investment. The offshore wind project, East Anglia THREE, will power 1.3 million UK homes. This marks a milestone in their partnership, focusing on energy security and climate targets….
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ISS Sustainability Solutions launches climate risk report for investors. The new Sovereign Climate Impact Report allows investors to assess and manage climate transition risks in sovereign portfolios, providing tools for carbon footprinting and scenario alignment while supporting compliance with global climate disclosure standards….
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Sumitomo Corporation invests in CO₂ pipeline for UK decarbonisation. The £59.6 million pipeline will aid decarbonisation of cement and lime plants, contributing to the UK’s goal of capturing 50 million tonnes of CO₂ annually by 2035, and securing 13,000 jobs.
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Veolia invests £70M in UK’s first PET tray recycling plant. The facility will process 80,000 tonnes of plastic annually, reducing carbon emissions by up to 70%. It will create over 130 permanent jobs, supporting regional development and sustainability.
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Google reveals a 12% drop in data centre emissions. The 2025 Environmental Report shows Google reduced data centre emissions by 12% in 2024, despite increased energy usage. However, overall emissions grew due to a 20% rise in supply chain emissions….
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Brillian UK, part of Constellation Software, has acquired Trakm8. The court-approved takeover values Trakm8 at £7.8 million, with delisting from AIM scheduled for 10 July. The 9.5p per share deal represents a 280% premium, underscoring continued overseas interest in UK vertical software assets.
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EU ministers have approved Bulgaria’s accession to the eurozone. The country will become the 21st member on 1 January 2026. Bulgaria’s conversion rate is fixed, and dual pricing will start in August as the government aims to ease consumer transition and address inflation concerns.
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The European Commission launches a nature credits roadmap initiative. The initiative aims to create a market for nature credits to support biodiversity. Farmers and foresters can fund eco-friendly practices, closing a €37 billion annual biodiversity funding gap in Europe….