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The real George Osborne
In a bid to combat the scourge of the really poor across our planet, food price speculation, the World Development Movement has decided to employ the weapon of satire to get the message across. The WDM...
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Food costs more due to food price speculation
When the Chancellor, George Osborne, stands up in the House of Commons tomorrow to deliver his budget speech just bear in mind that the food on your table is pricier than it could be due to food price...
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Bread prices look set to rise
Bread and circuses. We’ve now had a very successful circus in the London 2012 Olympics, but that was all it really was; a very expensive and lavish event that made us all feel better for a short while....
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Banana prices about to rise
Adverse currency exchange rates as well as rising transport costs look set to send the prices of bananas and pineapples higher says the fruit supplier Fyffes. But with that warning came the news that...
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Goldman Sachs made up to £250 million from betting on food prices in 2012
Goldman Sachs made up to an estimated £251 million (US$400 million) in 2012 from speculating on food including wheat, maize and soy, prompting campaigners to accuse the bank of contributing to a...
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Barclays stops speculating on food – campaigners demand regulation
Barclays chief Antony Jenkins announced today that the bank would stop speculating on food, saying the practice is “not compatible with our purpose”. It is unclear whether the bank will continue to...
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Bankers Anonymous launched to help banks kick gambling addiction
Anti-poverty campaigners today launched 'Bankers Anonymous', a five-step programme to help investment banks kick their addiction to gambling on global food prices. Barclays announced a withdrawal from...
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Barclays AGM: Protestors to target Barclays for gambling on food
Campaigners from the World Development Movement will protest at Barclays’ AGM today, accusing the bank of contributing to global hunger through gambling on food prices. Protest and photo call: Outside...
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EU Ministers leave the door open for harmful food speculation
Little will be done to curb harmful food speculation today as EU finance ministers meet to approve their position on the new Markets in Financial Instruments Directive (MiFID II) – which sets new...
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Leaked memo reveals UK attempts to scupper food speculation controls
A leaked document has revealed attempts by the UK government to scupper proposed controls on food speculation ahead of negotiations in Brussels next Wednesday. New rules to prevent banks driving food...
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Five banks made £2.2 bn from food speculation in 2010-2012
Five banks made an estimated total of £2.2 billion from speculating on food including wheat, maize and soy between 2010 and 2012 says the World Development Movement, prompting campaigners to accuse the...
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EU votes to curb food speculation
The European Parliament voted last night to restrict speculation by banks and hedge funds, to prevent them driving up food prices and fuelling global hunger. In a vote hailed as a positive step by...
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