Unilever CFO departs ahead of new CEO’s arrival May 30, 2023 Unilever has announced a shake up at the top with both its chief financial officer and chief digital and commercial officer departing their roles just weeks before new CEO Hein Schumacher takes the reins. Graeme Pitkethly, who headed the consumer goods giant’s finances, is retiring after 21 year at the business. He will retire from [...]
Capita wins £565m in government contracts – despite major data breach May 25, 2023 Capita was today confirmed as the government’s chosen partner in two contracts worth a combined total of £565m – despite two recent major data breaches, the impact of which is still being investigated. The firm said the investigation and clear up will cost between £15m and £20m – this includes “further steps [taken] to ensure [...]
Do FTSE 100 bosses need more money? May 23, 2023 A debate is raging in the Square Mile over how much executives are paid - do UK firms need to pay more money to attract the best talent?
Give bosses a pay boost to attract top talent to the UK, says City minister May 16, 2023 The City minister has thrown his weight behind efforts to boost the pay packets of the country’s top bosses today as a debate around pay in the City gathers steam. The compensation of executives at the UK’s top listed firms has been a topic of hot debate in recent weeks as regulators and officials look [...]
The Notebook: Victoria Scholar on Big Tech’s recovery, soaring sterling and luxury goods booming in China May 16, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Interactive Investor’s Victoria Scholar. Big Tech looks to be back in Vogue BIG Tech suffered painful declines in 2022 with sky-high inflation and central banks scrambling to keep a lid on rising prices. Now with US inflation easing, and the [...]
Unilever to sponsor Fifa Women’s World Cup after loss of Visit Saudi May 12, 2023 Unilever has entered into a sponsorship partnership with the Fifa Women’s World Cup which sees the global football tournament begin to replace the severed deal between the competition and Visit Saudi. Football’s governing body Fifa confirmed in March that the Saudi Arabian tourism board would no longer sponsor the major women’s event after a backlash [...]
FTSE 100 close: ASOS shares nosedive 22 per cent after posting dim results May 10, 2023 London’s FTSE 100 slipped in the City today as online fashion retailer ASOS was pummelled after a dim set of results. The capital’s premier index shed 0.29 per cent to close at 7,741.32 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, lost 0.15 per [...]
Unilever makes mayo from food inflation as Ben & Jerry’s owner sales soar April 27, 2023 Unilever, owner of Ben & Jerry’s and Hellman’s Mayonaise, has raised its expectations for the rest of the year after strong sales off the back of rising prices. The conglomerate which deals in everything from beauty products to homeware and nutrition to ice cream, reported underlying sales growth was up 10.5 per cent to almost [...]
CBI suspends policy and membership activities after exodus April 22, 2023 The CBI has said it will “suspend all policy and membership activity” until it can hold a meeting of its membership in June.
CBI exodus: Which firms have quit or suspended their relationship with the lobby group? April 21, 2023 A slew of top firms have quit or suspended engagement with the CBI today after the lobby group was rocked by new allegations of sexual abuse.