Exclusive sitdown: Inflation is forcing advertisers to make some tough choices, warns Ebiquity’s boss January 10, 2023 As inflation hit the highest levels in decades in the UK last year, and across large parts of the world, and the cost of living crisis is eating up the household budgets of millions of Brits, many industries are increasingly suffering. That won’t be any different in 2023 and the advertising space is no exception. [...]
BP, Unilever, and HSBC have failed to properly exit Russia after Ukraine war, new report warns January 2, 2023 Three FTSE 100 companies – HSBC Holdings, Unilever, and BP – have been named as members of a “dirty dozen” of high-profile multinationals still heavily involved in Russia. The three UK headquartered companies have failed to properly exit Russia in the wake of Putin’s invasion, according to a new report by the Moral Rating Agency [...]
Sacked: Football clubs change chiefs at four times the rate of top UK firms December 29, 2022 Football clubs have proved they are a more ruthless group than Britain’s biggest firms this year as top clubs sacked their bosses at four times the rate of FTSE-100 firms.
City Moves: Who’s switching jobs in the Square Mile? December 16, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Tikehau Capital Alternative asset manager Tikehau Capital has poached a director from consumer goods giant Unilever to co-lead its private equity regenerative agriculture practice. Laurent-David Charbit, who first launched his career in supply chains at Michelin before [...]
Europe’s largest life sciences laboratory gets one step closer to landing in London December 13, 2022 Planning permission for Europe’s largest laboratory has been submitted today, as London patiently awaits a boost to its life sciences sector. The Canary Wharf Group and Kadans Science Partner, which builds science facilities, have submitted their planning application for the 23-storey tower, which was first announced in March. The pair are reportedly expected to fork [...]
Google appoints former Unilever top brass as MD for the UK and Ireland December 9, 2022 Google has appointed the former top brass at Unilever as its new managing director for the UK and Ireland. American tech leader and entrepreneur Debbie Weinstein will look after the technology giant’s business in Britain from March 2023, saying it feels like “coming home”. Weinstein will take over from Ronan Harris, who joined the company [...]
KitKat maker Nestlé pushes sales outlook higher and mulls sale of allergy business November 29, 2022 Nestlé has boosted its annual sales outlook, ahead of an investor meeting on Tuesday, while announcing it is considering the future of its allergy treatment business. The Kit Kat maker nudged its outlook for organic sales growth to between eight and 8.5 per cent, following a forecast last month of around eight per cent. In [...]
Mayor meets with neurodiversity campaigners in bid to make capital world-leader October 29, 2022 London Mayor Sadiq Khan has met with leaders of a campaign to encourage more neurodiversity in the business world. The term is a relatively new one but encompasses individuals with conditions including autism, ADHD, dyslexia and dyspraxia amongst others. Dan Harris, the CEO of Neurodiversity in Business (NiB), told City A.M. that whilst individuals “may [...]
The cost of doing business amidst the culture wars is an entirely new question of risk October 28, 2022 Mankind has long pondered the question of what it means to be good. Now corporate bodies are facing the same dilemma. Brand activism – the expectation on companies to be proactive drivers of social change – is here to stay. But getting the messaging right in the era of culture wars is difficult: it’s hard [...]
Ben & Jerry’s owner Unilever warns of shoppers buying less as inflation bites budgets October 27, 2022 Dove maker Unilever has seen consumers buying less of products after price hikes, as the consumer goods titan has ushered in record price rises. Prices increased by 12.5 per cent in the period, the brand’s highest ever hike, as consumers battle cost increases in every corner of life. The London-listed consumer goods giant admitted price [...]