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Lloyd's of London offices targeted in protest over company's involvement in coal mining


OFFICES of insurance group Lloyd’s of London were targeted for a Britain-wide day of action today to demand an end to the company’s involvement in coal mining.
In a dozen locations including London, Manchester, Swansea and Bristol protesters called on Lloyd’s of London to stop helping the coal mining industry by insuring coal mines – including a planned new deep mine in West Cumbria in North West England.
The protests were backed by the Coal Action Network, which brings together environmental and direct action groups campaigning against coal mining because of the fuel’s contribution to global warming. ....

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Goldman Sachs to sell Irish non-performing loans attached to 1,000 properties


Goldman Sachs to sell Irish non-performing loans attached to 1,000 properties
Banking giant taking advantage of window in market ahead of other loan sales
about an hour ago
Goldman Sachs headquarters in New York. Photograph: Johannes Eisele/AFP
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Wall Street banking giant Goldman Sachs is currently seeking to sell a portfolio non-performing Irish mortgages attached to 1,000 properties, taking advantage of a window in the market ahead of expected problem-loan sales by banks this year, according to sources.
The portfolio, known as Project Toucan, amounts to 1,800 loans in total, they said, meaning many properties carry more than one mortgage. It is believed that the loans relate to both buy-to-let and owner occupier properties and stem from various portfolio purchases that the US investment bank was involved in over the past dec ....

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Irish buying more gold to safeguard wealth against Covid impact


Irish buying more gold to safeguard wealth against Covid impact
Merrion Vaults sees demand for safe deposit boxes and gold surging in 2020
Wed, Jan 13, 2021, 05:00
Co-founder of Merrion Vaults Seamus Fahy says clients are spending an average of between €7,000 and €10,000. Photograph: Mark Nixon
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Irish people are spending more on gold as they buy the precious metal to safeguard wealth against Covid-19’s economic impact, according to one major seller.
Gold sales by Irish business Merrion Vaults, which provides safe deposit boxes in Ireland and Britain, multiplied four times in 2020, the company said on Tuesday. ....

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