Imperial Brands picks Stefan Bomhard as new chief executive February 3, 2020 UK tobacco firm Imperial Brands has named Stefan Bomhard, the boss of car dealership Inchcape, as its new chief executive. Bomhard will replace Alison Cooper, whose departure was announced in October and who today stepped down with immediate effect. The new chief executive’s main task will be to boost profits following weak full-year results amid [...]
DEBATE: Has the classic British cup of tea fallen out of fashion? February 3, 2020 Unilever could be selling its PG Tips and Lipton tea brands. Has the classic British cuppa fallen out of fashion? YES, says Jeff Young, founder of the London Coffee Festival, which celebrates its tenth anniversary on 2–5 April 2020. Britain is becoming a nation of coffee drinkers. This journey started 20 years ago with the [...]
Unilever misses sales target and launches review of tea business January 30, 2020 Consumer goods giant Unilever missed its underlying sales target in 2019, its results showed today, with the firm citing “challenging” developed markets. The British-Dutch company also suffered a 33 per cent fall in pre-tax profit in 2019 compared to 2018, when the sale of its spread business bumped up income, bringing down earnings per share. [...]
Rocket list 2020: The best London startups to work for this year January 14, 2020 Fintech firms dominate a new list of 32 fastest growing London startups released today, with the companies listing 499 open positions. Job site Otta, which focuses on the most innovative firms in the capital, has today released its Rocket List, highlighting the firms expanding the fastest in 2020. Nine fintech firms made the list, including [...]
The sweetest thing: Ben & Jerry’s CEO on why businesses need a higher purpose January 13, 2020 What is the purpose of business? Should companies focus purely on selling their products and making money for their shareholders, or do they have a responsibility to give something back to the planet and try to do good? It’s a pertinent question, and one that has become increasingly relevant over the last decade. Nor is [...]
Compass chairman Paul Walsh set to step down this year January 5, 2020 Paul Walsh, the chairman of FTSE 100 catering company Compass, is due to step down within the next twelve months. The firm, which is the world’s largest catering company, will announce the decision on Monday as it prepares to begin the search for Walsh’s successor. Read more: Compass group shares sink as business catering unit [...]
Unilever shares slip on warning full-year sales growth will miss expectations December 17, 2019 Unilever has warned this morning that it will miss sales growth expectations this year due to challenging trading environments in some of its largest markets. The consumer goods giant’s share price fell more than five per cent after it said full-year underlying sales growth is expected to be below three per cent, and warned that [...]
Spanish oil giant Repsol pledges to cut emissions to zero by 2050 December 3, 2019 On Monday Spanish oil giant Repsol pledged that it would reduce net carbon emissions from its operations and products to zero, taking a €4.8bn (£4.1bn) value hit in the process. The company, which described the move as an industry first, announced the step on the first day of the UN climate change summit in Madrid. [...]
UK supermarkets further increase plastic footprint despite pledges November 28, 2019 Seven out of the UK’s top 10 supermarkets increased their plastic footprint , as the total amount of plastic packaging used rose to 900,000 tonnes a year. Out of the UK’s 10 largest supermarkets, only Waitrose, Tesco and Sainsbury’s achieved marginal reductions over the past 12 months. Read more: Unilever pledges to cut plastic use [...]
Unilever chairman to step down with immediate effect November 13, 2019 Unilever’s chairman has stepped down from the role with immediate effect in a surprise departure from the dual-listed Dutch consumer goods giant. Non-executive director Nils Andersen will replace Marijn Dekkers, who has served in the role at the Marmite and Dove soap maker since April 2016. Read more: Heinz and Unilever adverts found on Pornhub [...]