Thursday newspaper round-up: Lloyd's of London insurers, rail strikes, Anglo American

(Sharecast News) - Insurers operating in the Lloyd's of London market are the world's biggest underwriters of fossil fuel projects, research has found. Fifty years after the insurance industry first warned about the impact of the climate crisis, it is continuing to contribute to the climate emergency, the Insure Our Future campaign, a global group of 24 NGOs, said in its annual "scorecard" on 30 major insurers and their involvement in fossil fuels. - Guardian The RMT union has reached a possible deal with train operators to resolve their long-running national rail dispute, allaying fears of a repeat of last year's Christmas strikes. The union, which represents 20,000 crew and station staff, has drawn up a "memorandum of understanding" (MOU) with employers to ballot members at train operating companies over a deal that would backdate the 2022 pay rise and extend guarantees over jobs until the end of 2024. - Guardian

Marks & Spencer's turnaround is well on track, with the department store reclaiming its crown as Britain's biggest women's wear retailer and food sales booming. Shares surged nearly 10pc after the retailer unveiled a jump in half-year profit and surging sales. - Telegraph

The UK's biggest semiconductor manufacturer has been acquired by an American rival after the government forced its owner to sell the business over its links to China. Vishay agreed to buy Newport Wafer Fab (NWF) from Nexperia for $177 million in cash yesterday, bringing to an end a year of uncertainty about the future of the facility and its staff. - The Times

The estimated cost of Britain's largest private sector infrastructure project to build a fertiliser mine in Yorkshire has tripled in seven years. Anglo American's Woodsmith project involves extracting polyhalite, a nutrient-rich fertiliser, from a mile beneath the North York Moors National Park, near Whitby, and transporting it on a conveyor belt through a 23-mile tunnel to Teesside for processing. - The Times