Thursday 23rd October 2014                 Change text size:

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Shares in Drax fall 8% following subsidy appeal

Drax group has lost its legal battle with the government over one of its projects’ eligibility for subsidy scheme Contract for Difference (CfD), resulting in the firms shares falling by more than 8%. The Court of Appeal ruled the government could exclude one of Drax’s coal-to-biomass conversions from the...


India solar power - Intel Free Press via Flickr

Solar energy investment ‘coming of age’ and attracting institutional investors

As awareness of solar investments and the risk profile they offer increase, finance in the sector is gradually “coming of age” and attracting institutional investors, according to Solar Media’s Solar PV Finance: 2014 Update.    Jamie Richards, a partner at investment manager Foresight, which launched the Foresight Solar Fund...


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Legal & General: corporate social responsibility is about hedging against future risks

There’s an old adage in the corporate sector, about the head of corporate social responsibility (CSR) being tucked away on the 11th floor, simultaneously banging the drum for sustainability and their head against the wall in frustration. While this may have been the case a decade ago – and...


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Al Gore: economic case for coal divestment as strong as moral one

The economic case for divesting from coal is growing and investors need to understand the risks associated with fossil fuel assets, as the world attempts to limit carbon emissions and global warming, according to Al Gore, former US vice president and chairman of Generation Investment Management, and David Blood,...


50 pound notes By Images_of_Money via Flickr

New SME lending rules to ‘open the flood gates’ for alternative finance

Banks in the UK may soon be forced to help small and medium sized enterprises (SMEs) find alternative sources of finance if they turn them down for loans, under proposed legislation outlined today. The unveiling of the rules, which are expected to take effect in Autumn, follows a Competitions...


Hong Kong

Asia Climate Partners in $400m low carbon investment venture

ORIX, Asian Development Bank and Robeco have committed to a $400 million (£237m) joint venture that promises to mobilise private equity investment in low carbon initiatives across the east. The three groups have united to form the Asia Climate Partners (ACP), which will be founded in Hong Kong, with...


ANU by Stephen Dann via flickr

Australian National University to take sustainable investment advice from CAER

Environmental campaigners have welcomed the Australian National University’s (ANU) decision to hire research firm CAER, to advise the institution on sustainable and ethical investment. ANU’s new agreement with Canberra-based analysts CAER will mean its investments are judged according to social, environmental and ethical risks. “ANU recognises the importance an...


payday loan By Jason Comely via Flickr

Savers should be allowed to access pensions and avoid payday loans, say experts

Investment firm Hargreaves Lansdown have suggested that households should be able to access a cash reserve of a few hundred pounds, withdrawn from their savings, in order to avoid relying on payday loans. Accessing pensions before retirement, suggest the firm, would take the immediate pressure off households when struggling...


Photo: Attilio Lombardo via Free Images

Four Winds Energy Co-op extends renewable energy share offer

A renewable energy co-operative seeking investors to support two community-owned 500 kilowatt (kW) wind turbines has extended its public share offer. The Four Winds Energy Co-op has now received sufficient funding to develop its first turbine in Duckmanton, near Chesterfield, having raised over £2.6 million. Construction will start imminently and...


Graph With Stacks Of Coins

Second annual Global Retail Banking Innovation Awards open for applications

The Global Retail Banking Innovation Awards, established by Efma and Accenture, is looking for cutting-edge marketing and distribution innovations from retail banks for their global award ceremony. Efma, whose membership includes nearly one-third of all global retail banks, in partnership with Accenture, a global distribution and marketing firm, will...


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HSBC chairman criticises banking reform amid profits fall

The chairman of HSBC has criticised banking reforms, which aim to deter irresponsible behaviour within the sector, stating that there is a “growing danger of disproportionate risk aversion”. His comments come as the bank reports a 12% fall in first-half profits. HSBC’s first-half results report a pre-tax profit of...


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Wellcome Trust buys Co-op Group’s farm business for £249m

The Co-operative Group has confirmed the sale of its farms business for £249 million to the Wellcome Trust. Concerns have previously been raised about the ethics of a potential buyer, but the group has asserted that the trust has values that align closely with its own. It was first...


SodaStream by Ted Eytan via Flickr

Soros Fund Management divests from Israel-based SodaStream as Gaza conflict continues

The fund management firm of billionaire and philanthropist George Soros has divested from the Israeli-based SodaStream, as pressure mounts on investors to avoid companies at all involved in the occupation of Gaza. SodaStream, headquartered in the city of Lod, has been targeted by campaigners for its decision to base...


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Cochabamba Project asks investors to contribute to reversing environmental degradation

The Cochabamba Project, which supports Bolivian families to stop slash and burn farming of the Amazon, is asking investors to support their aim of reversing the environmental degradation of the area through a loan stock offer. The project has now established 1,400 hectares of commercial tree plantation on around...


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Everybody’s 10% is more influential than a few with 100%

If we all chip in to help sustainable and ethical investment move from the margins into the mainstream, the market will not only grow quicker, it will also gain credibility, writes Richard Essex. This article is an extract from Richard Essex’s 2014 book, Invest, Feel Good and Make a Difference,...



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