Hints and tips:
...Job moves BlackRock and Temasek’s sustainable investment partnership Decarbonization Partners has announced a new investment team: Former BP Ventures global head Meghan Sharp joins in the same position...
...Last year a group of investors with $100tn in assets under management endorsed guidance from the International Accounting Standards Board that said material climate-related matters had to be incorporated...
...The US Office of Personnel Management said that most federal employees would take the new Juneteenth holiday off on Friday, as June 19 will fall on Saturday....
...for all their assets under management to be net zero by at least 2050....
...“Because companies know their own businesses best, we gave management leeway to develop the goals that are most relevant to driving positive business outcomes,” it said in its report....
...of rental yield — which means the cash flows for distribution to investors are 19 bps higher....
...While unlike either BP or Repsol (the two others with absolute goals), the scale of Eni’s targets does not reach net zero, however an absolute interim target is incorporated (30 per cent in lifecycle emissions...
...[they] are also required to make disclosures that are comparable to listed companies in Singapore, as well as companies incorporated overseas”....
...BP 5. Lloyds 6. ITM Power 7. NMC Health 8. Royal Dutch Shell 9. Avon Rubber 10....
...And RBC Capital Markets for a more optimistic take: Management will be hoping that peer valuations will pick up from current levels (Lincoln is on 3.2x 2021E, Prudential Financial 4.6x, Bloomberg consensus...
...The answer lies partly in assiduous reputation management....
...Mr Cowdery’s Delaware-incorporated vehicle first acquired Lincoln Benefit Life from AllState for $600m in 2013, when it was placed into run-off — accepting premiums on existing policies only....
...At Tesco, it was what made him worry about the Booker deal: he argued that management should have focused on making the business “simpler, not more complex”....
...What Saudi Aramco offers, however, is a unique experiment to prove the value of active fund management....
...Separately, BP announced new North Sea oil projects....
...He said his undergraduate course was a long-distance degree from the University of Lincoln. “I started it in Delhi,” he said. Both institutions confirmed his attendance....
...The research examined 91 UK companies, excluding those FTSE 100 companies not incorporated in the UK and thus exempt from the disclosure rules, over three financial years ending in 2014....
...Other supporting companies include BP, Royal Dutch Shell, BHP Billiton, ExxonMobil, Glencore and Chevron....
...The company, which has already attracted investment by oil major BP and a number of blue-chip investors including F&C Asset Management, BlackRock, Artemis and JPMorgan, plans to raise £18m at 43p a share...
...For the main ETF tracking the S&P 500 the tracking error has been 7 bps; for the Russell 2000 index of smaller companies, 2 bps; and for the S&P 350 index it has been negligible....
...Shares control with Mikhail Fridman of Alfa Group and earned a cool $3.3bn in the TNK-BP bonanza....
...Whether his new Delaware-incorporated company Resolution Life will be able to meet these expectations may come down to the force of Mr Cowdery’s personality as much as to the raw mathematics of insurance...
...Soma’s management can draw on an “absolutely unrivalled track record”, Lord Howard said in an interview with the Financial Times, pointing to Soma chief executive Robert Sheppard, an adviser to BP in Russia...
...“They are more like Lincoln and Socrates than Patton.”...
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