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 [...]
End of an era: Unilever trading in Amsterdam for the last time today November 27, 2020 Unilever’s Dutch shares will trade in Amsterdam for the last time today, before a unification of the group’s dual-headed structure that aims to put the consumer goods maker on a better footing to cope with an uncertain future. The merger over the weekend of Unilever’s Dutch and British corporate arms into one legal entity based [...]
We need business to help us get girls learning — and change the world November 17, 2020 Coronavirus has changed the world. We are facing the biggest triple threat of our lifetimes, with unprecedented economic, health and education crises. While there has been much focus on the first two, the latter cannot be overlooked. At the height of school closures due to coronavirus, 1.6 billion children were out of school globally with [...]
Facebook revenue jumps as pandemic drives up traffic October 29, 2020 Facebook today posted better-than-expected revenue for the third quarter as higher user numbers during the coronavirus pandemic helped drive up revenue. The social media platform posted revenue of $21.5bn (£16.6bn) in the three-month period, up from $17.7bn last year. Net income rose from $6.1bn to $7.8bn. The bulk of the revenue was generated by advertising [...]
Wall Street rises as investors cling to hope of stimulus package October 22, 2020 US stocks edged higher after the open today as Wall Street held out for a deal on fiscal stimulus, while the FTSE 100 dipped amid concerns over increasing coronavirus cases in Europe. The benchmark S&P 500 rose as much as 0.26 per cent in the first half an hour of trading, while the Dow gained [...]
Unilever reports return to sales growth as e-commerce business expands October 22, 2020 Unilever (ULVR) reported a return to sales growth in the third quarter as it expanded its e-commerce business amid continued demand for hygiene and in-home food products. The consumer goods behemoth said its online channels had continued to grow and its e-commerce business grew 76 per cent. Underlying sales grew by 3.9 per cent in [...]
Unilever shareholders support London-base move October 13, 2020 Unilever’s shareholders have approved the multinational’s plan to end its 90-year-old dual-headed structure in favor of a single London-based entity. The proposal passed with the support of more than 99% of shares voted. The results were released during shareholder meetings streamed online due to the COVID-19 pandemic. Investors in Dutch-listed Unilever NV approved the move with 99.4% [...]