City impact investment chief Jim Roth on greenwashing: ‘If you can’t measure it, you cannot manage it’ August 31, 2022 So-called “green” investment claims, and the substance behind them, are dominating the agenda of many City firms and the wider UK business community. ESG disclosure regimes aim to counter “greenwashing” by requiring financial firms who have marketed their investment products as “green” to disclose data relevant to their investments’ sustainability. However, the relatively new City [...]
Sainsbury’s to pump tens of millions into its prices to offset inflation pressure on Brits August 31, 2022 Sainsbury’s said this morning the supermarket giant plans to invest £65m into its pricing next month amid ratcheting pressure on customers’ budgets. Simon Roberts, chief executive of the supermarket chain, promised the brand will stand with its customers “to ease the financial pressure they face”. The latest pricing pledge – which is part of wider [...]
Surge in back-to-school sales pushes Shoe Zone’s profit outlook for third time this summer August 31, 2022 A surge in back-to-school sales has helped retailer Shoe Zone to increase its full-year profit outlook for the third time in as many months. The discount shoe chain said trading continued to be better than expected during August, with strong demand for back-to-school items and summer shoes boosting business. Shares jumped more than 10% in [...]
Brits scramble to borrow more than £100bn with average loan hitting £5k as cost of living crisis deepens August 31, 2022 Brits will borrow £101.1b on new credit cards, loans, overdrafts and other forms of new credit arrangements in the next 12 months, new data shows today, Research undertaken by YouGov on behalf of financial services review platform Smart Money People, found that 71 per cent of people currently have less disposable income than they would [...]
UK LinkedIn users targeted in hacking scam via connection requests ‘in disguise’ August 30, 2022 LinkedIn is being used by hackers to spread data stealing malware via sending connection requests in disguise of people working with reputed companies. Researchers reportedly found that scammers are exploiting Microsoft-owned LinkedIn’s chat and job posting features to share links and files that are laced with stealer malware. Since most LinkedIn users accept any and [...]
Half of Brits not received a pay rise in over a year despite inflation skyrocketing August 30, 2022 Nearly half of all UK workers have been waiting more than 12 months for a pay rise, as inflation hits 10.1 per cent. As the cost of living crisis puts pressure on household finances, research from Aspire – a recruitment agency – has found that 32 per cent of workers will look to change roles in the [...]
Exclusive: Grind teams up with Soho House to conquer the States as coffee brand opens first branch in LA August 30, 2022 City A.M. can reveal this morning that cult London coffee brand Grind has opened its first site outside the UK by taking its business model across the pond. David Abrahamovitch, the company’s CEO and co-founder, told this paper today that Grind the chain’s first non-London branch has opened its doors in Los Angeles, California. In partnership with [...]
Stunned UK medics ecstatic as British woman beats cancer and makes miracle recovery after taking brand new drug August 30, 2022 Cancer researchers and medics across the UK are ecstatic as it has been reported that a woman with deadly bile duct cancer is surviving against all the odds thanks to a new experimental drug. Carol Hardy, 65, is taking part in a clinical trial the Christie NHS Foundation Trust in Manchester, and doctors hope the [...]
Truss refuses to reveal cost of living plans until she has the keys to No 10 August 30, 2022 Members of Liz Truss’s team have confirmed the Tory leadership frontrunner will not finalise her plans for crucial cost-of-living support before receiving the “full support and advice” only available to the government of the day. The public will likely be forced to wait to find out what help they will get with skyrocketing energy bills [...]
FTSE darling Bunzl ups profitability outlook as earnings skyrocket despite steep price hikes August 30, 2022 Distribution and outsourcing group Bunzl has upped its profitability outlook as it posted a jump in its half-year earnings thanks in part to price hikes to offset soaring costs. The FTSE 100 company – which supplies businesses around the world with a variety of products, including coffee cups and food labels to department stores and [...]
