Monday 1st September 2014                 Change text size:

News Corp

Crowdfunding bid launched to collectively acquire Rupert Murdoch’s press empire

A major crowdfunding bid has been launched by campaign group ‘Let’s Own the News’, who wish to re-establish public control over the British media by buying out Rupert Murdoch from both the Times and Sunday Times. The target aim is £100 million, with £50 million being used to buy...


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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...


Photo: TaxRebate.org.uk via Flickr

Critics warn pension shake up could lead to £3.86bn tax trap for pensioners

New research has found that forthcoming pension freedoms could come with tax implications that mean savers have to pay a lot more than expected. In what is being called a potential “mis-selling scandal”, experts are worried pensioners could enter the higher tax bracket if they take out their money...


Co-op - Howard Lake via Flickr

Co-op Group announce reforms to sustain core values and promote interest of members

The Co-operative Group has drawn up four key proposals with which to reform its governance structure, such as an elected board of directors as well as increased powers for members to hold its board to account. The proposals include greater voting powers for its members, including a ‘one member...


Photo: Gary Denham via Flickr

Infinis suspends Scotland wind farm plans till after independence referendum

Leading renewable energy generator Infinis will keep its plans for two Scottish wind farms on hold until after the independence referendum, it has announced. The firm, the third largest renewable energy generator in the UK, has had permission to build the two onshore wind farms – the 55 megawatt...


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...


Photo: Wu Haitao/Greenpeace

Chinese illegal coal mines may threaten Yellow River water supply

An investigation by Greenpeace has found two Chinese coal mines are breaching environmental protection laws and nature reserve regulations. The organisation says the mining operations are destroying alpine meadows on the foothills of China’s Qinghai mountains and are a potential threat to the country’s second longest waterway. In a...


solar roof by Edmund Tse via Flickr

Poll: UK homeowners want sustainable energy upgrades for ‘mouldy, cold and damp’ homes

A survey conducted by the Energy Savings Trust has found that a majority of UK homeowners believe they live in homes with insulation and energy problems – with over half wanting sustainable energy upgrades. The poll, carried out by Ipsos MORI, found that 44% of homeowners believe they live...


Photo: Anne Fröhlich via Flickr

All penguin species at risk because of human activity

Penguin species are increasingly threatened by of a combination of manmade factors, including climate change and overfishing, a new study has found. The comprehensive review, which investigated the prospects of all penguin species, calls for action to mitigate a range of effects that are pushing some species nearer to...


Illegal Timber Trade

European Union still failing to control illegal timber trade, says WWF

An investigation conducted by the World Wildlife Foundation (WWF) has concluded that after a year of a supposed crackdown, the EU is still failing to uphold its own law to stop the trade of illegal timber. According to the report, only 11 member states have passed laws effective enough...


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Boeing to develop sustainable biofuel from tobacco plants

Leading aircraft manufacturer Boeing is to collaborate with South African Airways (SAA) and SkyNRG to make sustainable aviation biofuel from a new type of tobacco plant. They say the development will not only help lower carbon emissions and achieve environmental objectives but also benefit society. The initiative will see...


Photo: Erwin Soo via Flickr

Standard Chartered faces more fines from US regulator

The multinational bank Standard Chartered has warned it faces further fines, remedial action and an extended monitoring period as New York’s financial regulator found problems with its anti-money laundering controls. Computer faults were found in Standard Chartered’s surveillance system, in what is the second time in two years the...


India Gate, New Delhi

India to host BASIC summit to discuss climate change

Environmental ministers from Brazil, South Africa, India and China will meet in New Delhi this week, to discuss plans to combat climate change ahead of climate talks in Lima in December. The BASIC group was formed on a commitment to the Copenhagen Accord, which was signed with the US....


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Bank of America to pay settlement of $16bn for mortgages case

The Bank of America and the US Justice Department are set to agree the biggest settlement imposed by the department. The deal would see the Bank of America pay more than $16 billion (£9.5bn) to settle an investigation around mis-selling mortgage backed securities prior to 2008. The bank has...


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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,...


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