CBI admits group failed to root out ‘toxic’ workers amid sexual misconduct crisis April 24, 2023 The UK’s biggest business lobby group the Confederation of British Industry (CBI) has issued a last gasp plea to its members to give them “reason to consider trusting us again,” its president said in an open letter issued this evening. Brian McBride, president of the organisation, which was founded in the 1960s, admitted it had [...]
The City View: As we close the door on the CBI – it’s time to ask what’s next April 24, 2023 An inordinate amount of ink has been employed discussing the future of the CBI. At the heart of it is a question; if not them, whom? There is no question that medium to large businesses wish for a collective voice; regrettable though it may be, too many CEOs are wary to put their head above [...]
Hunt for Britain’s next top lobby begins as CBI crumbles under scandal April 24, 2023 The hunt for the heir to the CBI’s throne has begun as industry chiefs begin casting around for Britain’s next top business lobby organisation. It comes as the “hopefully temporary” stand-in group BizUK emerged this weekend, in a bid to help steer political parties’ approach to industry ahead of the general election. City grandees suggested [...]
Investors snub Sizewell C nuclear power station despite ‘sustainable’ status April 23, 2023 The government is struggling to attract investors to the £20bn Sizewell C nuclear power station, according to a report.
Exclusive: Uber joins CBI exodus April 23, 2023 Uber is pausing its engagement with the CBI, City A.M. has learnt. The ride-hailing tech firm is the latest in a string of companies who have either ditched the organisation or suspended their engagement in the last few days, following reports of sexual misconduct by senior CBI members. Uber’s decision will be yet another blow [...]
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.
Aviva, Phoenix among top firms to quit CBI while as sexual misconduct scandal deepens April 21, 2023 A slew of top firms including Aviva and Phoenix have terminated membership of the CBI today after the business lobbying group was hit by new allegations of sexual abuse.
The Square Mile and Me: Steve McGill on Boots, negativity and the Four Seasons April 20, 2023 We dig into the memory bank of the City’s great and good: this week, Steve McGill details his life running the fastest-growing speciality broking firm in the world, McGill and Partners. Quick-fire round What’s your favourite…?
Aviva injects £150m into VC arm as it commits to funding more tech start ups April 17, 2023 Aviva has pumped a fresh £150m into its venture capital arm today as it looks to buck a funding slowdown and invest in firms that will add to its “customer journey”.