Prince Charles urges business to back new ‘Earth Charter’ January 11, 2021 Prince Charles will today urge the private sector to sign up to the “Terra Carta”, a new environmental pledge to protect the natural world. The “Earth charter”, which takes its name from the Magna Carta, has already been signed by dozens of high profile businesses. These include Astrazeneca, Bank of America, EY, Unilever, and Blackrock, [...]
Informa profit plunges as pandemic shutters events January 6, 2021 Events group Informa forecast a plunge in profit in 2020 as the coronavirus pandemic brought the events industry to its knees. The FTSE 100 firm, which is the world’s largest exhibitions group, said it expected adjusted operating profit in the range of £250 and £270m. This is down from £933m in 2019. Revenue is set [...]
Sterling hit by fresh UK lockdown fears January 4, 2021 Sterling weakened against the dollar this afternoon as fears of even tighter lockdown restrictions outweighed optimism surrounding a Brexit deal. Sterling had rallied after the last minute Brexit deal brought an end to the uncertainty surrounding Britain’s exit from the EU. But with Brexit finally over traders have turned their attention to the coronavirus pandemic [...]
Volatility was the name of the game in 2020: What were the most popular sectors, funds and shares? January 4, 2021 Volatility was the name of the game in 2020 as the pandemic wreaked havoc across the globe. The spread of Covid-19 was a shock to the financial system, stock markets plunged and companies battened up the hatches. Despite the vaccine breakthroughs markets are still deep in a tunnel of uncertainty about when the global economy [...]
Ads giant WPP turns to tech to restore growth after accounting error December 17, 2020 WPP, the world's biggest advertising company, set out its plans to restore revenue growth to pre-pandemic levels by 2022.
Unilever to put climate plan to shareholder vote December 14, 2020 Unilever will put its climate action transition plan to a shareholder vote, the consumer goods giant announced today, the first global firm to take such a step. The company has set a number of ambitious targets for reducing its emissions over the next two decades, including a commitment to be net zero from sourcing to [...]
Amazon becomes world’s largest corporate buyer of renewable energy December 10, 2020 Amazon has announced 26 new utility-scale wind and solar energy projects, making it the largest-ever corporate purchaser of renewable energy.
The Week in Sportbiz: ATP Tour omits Alexander Zverev from new campaign, Bundesliga courts private equity, Matchroom signs Campbell Hatton December 10, 2020 The ATP Tour launched its new marketing campaign this week, and tennis fans didn’t need Hawk-Eye to notice there was someone missing. Stars of the men’s circuit Roger Federer, Novak Djokovic and Rafael Nadal naturally featured prominently in the promotional material. So did some less well-known names, including world No34 Hubert Hurkacz, No37 Jannik Sinner [...]
DS Smith’s profit drops 54 per cent despite lockdown shopping surge in UK December 10, 2020 Cardboard manufacturer, DS Smith, will resume dividend payments despite a 54 per cent drop in profits in the six months to 31 October.
Unilever to trial four-day working week in New Zealand November 30, 2020 Supporters of a four-day working week were given a major boost today as Unilever said it will trial the system in its New Zealand operations. The consumer goods giant said its 81 employees in New Zealand will retain their full pay while working just 80 per cent of normal hours. The trial will run until [...]