News
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New Princes plans a major London Stock Exchange listing. The Italian-owned food giant, known for brands like Princes Tuna, is seeking investor support for an IPO to separate its food division, aiming for a valuation of at least £700 million.
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Lyten acquires Northvolt’s key assets to boost battery production. Lyten plans to restart operations at Northvolt Ett and Labs in Sweden and is working with the German government to establish a new facility. The acquisition is fully funded by private equity and expected to close this year….
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Energy Vault secures $300 million for global energy storage projects. The investment will fund Asset Vault, a subsidiary focused on building and operating energy storage systems worldwide, unlocking over $1 billion in capital expenditures to deploy 1.5 gigawatts of projects….
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US tariffs on gold bars drive futures to record high. Gold futures surged as the US imposed steep tariffs on one-kilo gold imports, impacting Switzerland’s bullion trade. The tariffs are part of a broader trade policy affecting global markets.
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Rolls-Royce partners with INERATEC to decarbonise data centre power. The collaboration aims to replace fossil diesel with climate-neutral e-fuels in backup power systems, initially focusing on Germany. The initiative leverages INERATEC’s e-diesel for sustainable and reliable energy solutions….
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UBS withdraws from Net-Zero Banking Alliance. UBS, the first major European bank outside the UK to exit the coalition, cited strengthened in-house capabilities. This follows earlier exits by UK and North American banks amid political pressures….
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Nest partners with BTG Pactual TIG for sustainable timberland investment. UK pension scheme Nest has appointed BTG Pactual Timberland Investment Group to manage a sustainable timberland strategy, committing $750 million. This marks Nest’s second timberland mandate, emphasising investment in sustainable forestry for financial and environmental benefits….
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More than 10,000 hotels are suing Booking.com over “abusive practices”. The class action alleges years of restrictive pricing terms that eroded hotels’ margins and autonomy — an escalating battle over platform power and marketplace fairness.
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Standard Chartered partners with Acre to sell carbon credits. The bank will exclusively sell forest protection-based carbon credits for the Brazilian State of Acre, with 72% of proceeds supporting local communities and 28% funding project management….
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Bank of England cuts rates, but inflation remains a threat. The narrow vote and latest projections signal a longer period of above-target inflation, with the Bank’s policymakers split and business leaders now facing a more uncertain path to normalisation.
