The world’s most ethical luxury swimwear brand partners with the City A.M. Club June 26, 2019 One of the City A.M. Club’s partners is an ethical swimwear brand that’s changing the way people consume fashion. Naeco uses innovative techniques to turn plastic waste into quality clothing, helping to save our oceans as well as make us look great on our holidays. Members of the Club receive an incredible 25 per cent [...]
Bunzl shares dip on slowed growth in the second quarter June 26, 2019 Shares in workplace supplies company Bunzl dipped 1.3 per cent today after it said revenue growth in the second quarter had eased from 1.5 per cent to one per cent, due to a slight slowdown in its biggest market, the US. However Bunzl also said it expects group revenue for the half year to rise [...]
Oil price rises on lower US stockpiles June 26, 2019 Oil prices jumped today on the back of news that US crude inventories had fallen by more than expected. International benchmark Brent crude was up 1.2 per cent to $65.87 per barrel, after reaching highs of $66.24 earlier in the day. Read more: It’s no mystery who is behind the Gulf of Oman attack, or [...]
Nicky Morgan: Asset managers should expect more scrutiny after Woodford scandal June 26, 2019 The chair of the Treasury Committee, Nicky Morgan, has said she expects the asset management sector to face more oversight after Neil Woodford’s flagship fund was suspended earlier this month. Morgan said that her committee would get behind increased scrutiny from the Financial Conduct Authority in the wake of the scandal. Read more: FCA chief [...]
HSBC boss criticised over Chinese socialism claim June 26, 2019 MPs have hit back at claims from HSBC’s chief executive that China’s communist government has “served its people really well.” John Flint, chief executive of the international bank, yesterday said the economic success of the Far East powerhouse should make Western democracies reassess their opposition to centrally-planned socialist economies. Flint was reported as saying that [...]
Ethical clothing move by Asos aligns with views of eco-conscious June 26, 2019 Fast fashion is an increasingly hot topic as consumers become more environmentally aware, conscious about the impact of their shopping habits and look to reduce waste. Despite this, environmentally positive changes have been slow or non-existent, such as the recent rejection of the 1p fast fashion tax by government that would have raised money for [...]
US ambassador says letting Huawei access the UK’s 5G network would be like ‘letting a kleptomaniac into your house’ June 25, 2019 US ambassador Woody Johnson took an apparent swipe at Chinese tech firm Huawei today, saying that inviting the company into key sectors of the UK’s economy would be “like letting a kleptomaniac into your house”. “If we let untrustworthy countries in the heart of our economies, and infrastructure, what could they do? We have to [...]
Oxford Street discounts signal a troubling start to the summer for retailers June 25, 2019 The crucial summer selling season is finally upon us, but for retailers on London’s most celebrated high street, all is not well. Big red discounts in shop windows line the parade on Oxford Street, where many of the country’s flagship fashion stores are offering major price reductions in a desperate bid to boost their sales. [...]
Petrofac loses out on $10bn in contracts amid SFO probe June 25, 2019 A Serious Fraud Office investigation into Petrofac has made the company lose out on $10bn (£7.8bn) of contracts, its chief financial officer said today. Alastair Cochran said that a guilty please from its former head of sales, David Lufkin, came just as Petrofac was bidding for contracts. The oilfield servicer lost about $2bn to $3bn [...]
Boris Johnson challenges Jeremy Hunt to commit to 31 October Brexit date June 25, 2019 Boris Johnson has challenged his leadership rival Jeremy Hunt to commit to bringing the UK out of the EU on 31 October – regardless of whether a deal has been agreed. In a letter published on his Twitter feed, Johnson argues Brexit must take place by the end of the extension period – or the [...]