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Gresham House has successfully closed its largest-ever forestry fund, raising £375 million ($500 million) for Forest Fund VI, with significant investment from major institutional backers, including UK local government pension schemes and an investor from Japan. This remarkable fundraising effort underscores the growing momentum and interest in the forestry sector. The fund aims to invest…
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Google is facing a £25bn legal claim in the UK as a new lawsuit accuses the tech giant of abusing its dominant position in the online search advertising market and driving up prices for UK advertisers over more than a decade. The claim alleges that Google’s longstanding agreements with phone manufacturers and network operators –…
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Thames Water has been handed a record-breaking £122.7 million fine by Ofwat following two damning investigations into the UK’s largest water utility. Read more: Thames Water hit with record £123 million fine by Ofwat after investigations uncover failures and illegal dividends
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French renewable energy company Solveo Energies has successfully secured €98 million in a recent financing round. The funds are intended to expedite the development of wind and solar projects, contributing to France’s goals for carbon neutrality. Established in 2008, Solveo collaborates with local resources and partners to develop, finance, build, and operate renewable energy initiatives.…
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In the past month alone, cyber attacks have gone from occasional headlines to near-daily national news fixtures.
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McKinsey & Company has cut more than 10 per cent of its global workforce in the past 18 months, trimming headcount from over 45,000 at the end of 2023 to around 40,000 today, as the consulting giant adapts to a downturn in demand and the fallout from costly legal settlements. Read more: McKinsey cuts 10%…
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Pubs enjoyed a boost in April during the sunny spring weather as Brits opted for outdoor beer gardens over indoor restaurants. Like-for-like sales growth at pubs reached 9.1 per cent year on year, according to the latest CGA RSM Hospitality Business Tracker. Sales across all hospitality outlets were 4.2 per cent ahead of April 2024…
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The French energy company TotalEnergies has opened its largest cluster of solar power plants in Europe, a series of five projects located near Seville, Spain, with a total installed capacity of 263 MW. As reported by TotalEnergies, the new solar farms will generate 515 GWh annually of renewable electricity, enough to meet the needs of…
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Starbucks has unveiled a new version of its iconic takeaway white cup in Europe, marking a shift towards sustainability by replacing the plastic lining and lids with innovative materials that are home compostable and recyclable. The deployment of this new cup commences this month across ten European nations and is anticipated to reach the UK…
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The European Banking Authority (EBA), the EU banking supervisor, has announced new proposed amendments to Pillar 3 disclosure requirements for banks. These amendments focus on simplifying and clarifying ESG risk-related reporting, especially for small and medium-sized banks. The EBA stated that its new proposals are aligned with the European Commission’s initiatives to simplify sustainability reporting,…