Venture capital firm launches UK’s only fund for British pensions September 2, 2024 A venture capital firm has launched the first-ever fund devoted to helping UK pension funds invest in British start-ups and scale-ups. Future Planet Capital’s new British Co-Investment Fund (BCF) will channel pension investment into some of the UK’s fastest growing and most innovative businesses in a move that has been praised as “much-needed” by start-ups [...]
Unilever considers sale of Kate Somerville’s skincare line August 27, 2024 Kate Somerville’s premium skincare brand has become the latest Unilever brand to go up for sale as the group continues its restructuring plan announced earlier in the year. As well as Somerville’s eponymous facialist line, which the FTSE-100 giant has owned since 2015, it is also looking to offload sensitive-skincare specialist REN Skincare, according to [...]
Big firms return to CBI after sexual misconduct scandal and overhaul August 26, 2024 A number of major British companies have renewed their engagement with the CBI as the lobby group looks to rebuild its membership.
Cristiano Ronaldo launches own YouTube channel with two-letter name August 21, 2024 Cristiano Ronaldo has today launched his own YouTube channel called UR, promising that it will allow him to “engage further with his global fanbase”. The football superstar is already the most-followed person on social media platforms, a position that has helped to make him the world’s best paid athlete. On his YouTube channel, Ronaldo says [...]
Unilever triples spend on video game ads to target younger audience August 15, 2024 Consumer goods giant Unilever is betting big on gaming to help it advertise to elusive younger audiences. The company, which owns a host of household name brands including Lynx and Dove, has poured money into its in-game advertising department over the past three years, tripling its spend since 2021. It now has a team of [...]
Can the UK’s stock market produce another £200bn company? August 14, 2024 Seismic events or a shift in valuations are likely necessary for more UK stocks to be worth £200bn, analysts have told City A.M., after Astrazeneca became the first company in six years to pass the milestone.
More advertisers to flee X after recent Elon Musk lawsuit and riot comments August 9, 2024 Elon Musk’s antitrust lawsuit against brands that have boycotted X and his controversial activity on the platform during the recent spate of UK riots are set to exacerbate the long-held misgivings advertisers have with the site, leading industry figures have said. On Tuesday, Elon Musk’s X – formerly Twitter – filed a lawsuit against a [...]
FTSE 100 bounces back into green after tech sell-off July 26, 2024 FTSE 100 stocks have taken a dive this morning after a set of poor earnings reports and American markets suffering their worst day in two years.
Unilever shares surge to the top of the FTSE 100 despite sales miss July 25, 2024 Dove and Marmite-maker Unilever missed its sales targets in the second quarter of the year as a turnaround plan from chief Hein Schumacher failed to convince customers.
Flora maker’s plant-based gamble pays off as sales of the now-vegan spread surge July 22, 2024 The UK arm of the group behind Flora Buttery has seen its gamble pay off after it made the iconic spread 100 per cent vegan, according to newly-filed documents.