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Barclays dragged into insurer ‘War’ over failed M&A deal

SCOR SE is suing Barclays in London for breach of confidence when the bank advised Covéa on its bid to acquire SCOR in 2018. Barclays was given an inside track into the strategic thinking of SCOR’s board and then used the information to help Covea “sabotage” SCOR’s plans to merge with another firm, SCOR’s lawyers said.Covéa’s bid for SCOR was one of France’s most acrimonious takeover attempts in years and the fallout has led to several lawsuits as well as criminal proceedings.

Bank of England aims for greener corporate bond portfolio

The BoE said it was the first central bank in the world to take steps that could ultimately see the most polluting companies banned from its bond portfolio.

It will give firms time to reduce carbon emissions rather than immediately selling off its holdings in energy companies, power utilities and miners.

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