Dutch plan for Unilever 'Exit Tax' over shift to London won't work, says legal adviser 2020/10/09 11:05:43 Investing.com
Betting against the FTSE 100 netted traders £418 million in September. These are the top 5 most and least profitable short sells last month 2020/10/08 07:00:00 Business Insider
Summary List Placement Short sellers made a profit of £418 million across the entire FTSE 100 index in September, according to recent analysis from Ortex Analytics , a global financial analytics company. The FTSE 100 was one of the worst-performing major indices in Europe in September, as a surge in cases of COVID-19 and tighter restrictions on movement, coupled with renewed concern over Brexit, hit UK assets harder than most regional markets. The index fell 2%, compared with a 1.6% fall in the euro zone Stoxx 50. The FTSE tracks the 100 largest companies on the London Stock Exchange with the highest market capitalization. Overall, short sellers made a profit on 53 out of the 100 companies in the index. Some of the FTSE's heavyweight stocks are those that have been worst-hit by the economic fallout of the pandemic, including jet engine manufacturer Rolls Royce, airlines, such as British Airways parent company IAG, or financial stock, such as HSBC or Barclays. Short selling is when an investor borrows a security and sells it in the current market.
Corporate Leaders Group signals growing SME focus as Low Carbon Ltd joins stable 2020/10/07 23:01:03 BusinessGreen
Low Carbon Ltd has become the first SME to join climate advocacy body the Prince of Wales's Corporate Leaders Group Renewable energy investment company Low Carbon Ltd has today become the first SME to join the Prince of Wales's Corporate Leaders Group (CLG), bringing a small business perspective to the climate advocacy group that includes corporate giants such as Tesco, EDF, Unilever, and Coca-Cola. The announcement signals a growing SME focus for the body, which has so far this year helped coordinate campaigns to influence government policy on the net-zero transition and coronavirus recovery . CLG said the addition of Low Carbon Ltd to its stable to draw on first-hand SME experience while exploring the measures government can take to provide the policy certainty required for SMEs to commit and take action to reduce their climate impact. It will also deepen the CLG's capacity to advise its core members on engaging their supply chains through collaborative action directed towards achieving a net-zero economy, the body added "We are excited to be extending membership to the SME community in the UK and believe the new perspectives they can offer and the opportunities to accelerate the transition to net zero will be invaluable," said CLG director Elliot Whittington.
Hedge fund short sellers claw back FTSE 100 losses as fresh Covid uncertainty sees bearish bets rebound 2020/10/06 11:53:08 Hedgeweek
Hedge fund short sellers claw back FTSE 100 losses as fresh Covid uncertainty sees bearish bets rebound Submitted By Hugh Leask | 06/10/2020 - 12:53pm Hedge fund short sellers have rebounded with a GBP418 million (USD542.6 million) gain from negative bets against FTSE 100-listed companies – just a month after losing almost the same amount from wayward shorts in UK blue-chip stocks. Overall, short sellers made gains from more than half of all FTSE 100-listed companies (53 out of 100), according to new data from Ortex Analytics, with Rolls Royce proving to be the most profitable wager, bringing in GBP187.7 million for bearish managers. September’s bounce-back marks a reversal of fortunes for hedge funds betting against FTSE 100 companies, an index often seen as a bellwether for investor confidence. In August, managers suffered a GBP420 million hit after UK equity market gains sent many sizable short bets southwards. Peter Hillerberg, co-founder of London-based equity research firm Ortex, noted that four of the five most profitable shorts in September had earlier been significant loss-makers in August, underlining how renewed uncertainty over the Covid-19 pandemic has underpinned the rebound. “Last month we saw a number of big trades turn sour for short-sellers which impacted overall profitability in August,” Hillerberg observed. “At the time, we predicted that the pendulum may swing back the other way in September and that’s exactly what we’ve seen as short sellers continue to profit from the uncertainty surrounding the pandemic.” Among the big bets to pay off were International Consolidated Airlines Group, owner of British Airways, Aer Lingus and Iberian.
Multi-million euro boost for Limerick colleges 2020/10/05 20:00:00 Limerick Leader
THE University of Limerick (UL) and Limerick Institute of Technology (LIT) are to share in €23m of funding allocated under a major new initiative. Minister of State for Higher Education and local TD Niall Collins has confirmed that of the €197m of grants to fund 22 projects under the Human Capital I
News journalist joins the AgriLand team 2020/08/26 10:09:04 AgriLand
AgriLand has appointed Kathleen O’Sullivan as a news journalist. She joins a growing team to bring you the latest, most relevant and most important farming news. Kathleen studied a Bachelor of Arts in Journalism with Law at University of Limerick (UL), finishing her four-year degree during the Covid-19 lockdown. She did her first internship at 18, after her first […] The post News journalist joins the AgriLand team appeared first on Agriland.ie .
Where there's hope for speeding up business action on plastics 2020/08/26 09:01:00 GreenBiz
Where there's hope for speeding up business action on plastics Elsa Wenzel Wed, 08/26/2020 - 02:01 In 10 short years, the Ellen MacArthur Foundation (EMF) arguably has done more than any other group to define and advance the circular economy. Its landmark report, "The New Plastics Economy" (PDF), sounded the alarm in 2016 that if "business as usual" continues, by 2025 the ocean may hold more plastic than fish by weight. Its commitment by the same name has attracted many of the planet's biggest brand names, among 450-plus signatories, to dramatically slash their use or production of plastic by 2025. PepsiCo, Coca-Cola, Unilever and even Tupperware have signed on with governments and NGOs to do away with "unnecessary" plastics and innovate so that other plastics will be reused, recycled or composted; and kept out of natural systems. Only five years ago, few corporate leaders had plastic pollution on their official radar. Yet Dame Ellen MacArthur herself is floored by the rapid pace of change in business that has been forced by the COVID-19 pandemic.
Samsung Display Demonstrates Most Advanced Display Hole for Smartphone Cameras 2020/08/25 23:00:00 Business Wire
SEOUL, South Korea--(BUSINESS WIRE)-- #IRIS_RING--Samsung Display announced today that UL, a leading global safety science company, has just verified its new OLED hole display as having image quality low in color deviation in terms of “hole area clarity,” providing a balanced level of uniformity across the portion of the display surrounding the camera hole. The display area on the hole’s periphery now delivers industry-leading image quality as clear as that of the other parts of the display panel. “Enabling
Analysis on Impact of COVID-19: Cosmetic Skin Care Market 2020-2024 | Presence Of Premium Brands to boost the Market Growth | Technavio 2020/08/21 11:45:00 Benzinga
Technavio has been monitoring the cosmetic skin care market and it is poised to grow by $ 38.03 bn during 2020-2024, progressing at a CAGR of almost 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200821005028/en/ Technavio has announced its latest market research report titled Global Cosmetic Skin Care Market 2020-2024 (Graphic: Business Wire). Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
Unilever: Prisoner In 'Hotel California' The Netherlands (NYSE:UL) 2020/08/19 16:14:39 Seeking Alpha
The proposed unification of Unilever's fiscal structure will benefit shareholders, as elaborated in my previous article.
UL certification ‘proves’ innovative battery platform can stop thermal runaway from propagating 2020/08/06 14:16:00 Energy Storage News
“Preventing a service event from becoming a catastrophic one,” is how Cadenza Innovation CEO Christina Lampe Onnerud describes the way her company’s lithium-ion ‘Supercell’ battery architecture reacts to thermal runaway.
PODCAST INDUSTRY REPORT: Podcasting will be a $1 billion industry by 2021 — here's how Spotify, Apple, and others are innovating to make it happen and where brands fit in 2020/08/05 14:00:00 Business Insider
This is a preview of the Podcast Industry research report from Business Insider Intelligence. Purchase this report. To check to see if you already have access to Business Insider Intelligence through your company, click here. Podcasts have been around for nearly two decades, but the format has come into its own over the last five years. A proliferation of shows, involvement from celebrity talent, investment from large companies like Spotify, and the spread of technologies that boost awareness, like smart speakers, have all helped the medium blossom. In the US, eMarketer estimates there will be 105.6 million monthly active podcast listeners by the end of 2020, more than double the 45.8 million monthly listeners in 2015. This listenership spike has brands interested — by 2021 podcast ad spend is expected to more than double its 2018 total in the US. US advertisers will spend more than $1 billion on podcast advertising in 2021, up from $479 million in 2018, per PwC and IAB estimates. That's because the podcast audience is not only large and growing, but attractive: Listeners tend to be young, affluent, and educated, and generally open to advertising in podcasting.
Meet the 15 power players at Adobe helping CEO Shantanu Narayen expand beyond the company's core design software to take on rivals like Salesforce and Zendesk (ADBE) 2020/08/04 13:43:13 Business Insider
While Adobe is best known for Photoshop, it has undergone a significant transformation over the last decade under CEO Shantanu Narayan, shifting its business model and adding new product lines. As the company continues to evolve, it's now taking on new competitors like Salesforce and Zendesk. To tackle its many challenges, Narayan relies on a key group of leaders within his company. We've identified the 15 executives that are leading Adobe behind the scenes and helping Narayan navigate its future. Click here to read more BI Prime stories. While Adobe is still best known for its flagship photo editing software Photoshop, it's spent the last decade transforming itself: expanding its business and adapting to the changing world. CEO Shantanu Narayan has been spearheading that shift since 2007. To keep up with the move to the cloud, for example, Adobe transitioned its photo editing and creative software tools from the old one-time purchase format into a new annual or monthly subscription model.
Lighting Industry Leaders Join Forces to Offer Ultraviolet Light Safety Guidance 2020/08/04 13:00:00 PR Newswire
NORTHBROOK, Ill., Aug. 4, 2020 /PRNewswire/ -- With a shared commitment to the safety and performance of electrical lighting, UL, a leading global safety science company, the American Lighting Association (ALA) and the National Electrical Manufacturers Association (NEMA) have released a…
Canada to Lead ISO International Workshop on Safe Cannabis Production 2020/08/04 12:00:00 PR Newswire
The Standards Council of Canada and UL partner to help establish guidelines for the creation of an ISO Technical Committee on cannabis TORONTO, Aug. 4, 2020 /PRNewswire/ -- The demand for medical and recreational cannabis products is surging, with a projected worth of up to US$103.9…