As chief execs traverse the world of sustainability, they must keep investors onside February 11, 2022 Mayonnaise. The humble condiment is now at the centre of a broader debate about the purpose of business. Last month, Fundsmith’s Terry Smith argued Unilever “had lost the plot” for attempting to define the purpose of Hellman’s. While Smith’s comments on sandwich fillers grabbed headlines, the more revealing point made by Smith was that Unilever [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 10, 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. CPW CPW has hired a new apprentice to its London office, as the consultancy firm looks to upskill the next generation of engineers. Joining the firm’s apprenticeship programme, which was set up over 20 years ago, Joshua [...]
City Moves: Who’s switching jobs in the Square Mile this week? February 4, 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. Guinness Global Investors Guinness Global Investors has hired a renewable energy specialist as its new head of sustainable infrastructure. David Freeder will lead the development of the firm’s broader strategy and investor offering in sustainable infrastructure and energy. After holding positions with Big Four [...]
Editorial: The activists are a welcome sign of faith in the City’s future January 31, 2022 The City is not always portrayed well in the wider media, but a certain kind of Square Mile institution was rather effectively deployed at the beginning of Monty Python’s The Meaning of Life. The Crimson Permanent Assurance, a “once proud family firm fallen on hard times,” fights back against its new ownership by the Very [...]
Leading Vodafone shareholder backs activist Cevian’s campaign January 31, 2022 One of Vodafone Group's biggest shareholders has hailed an activist campaign aimed at improving the telecom firm's performance as "very sensible".
Vodafone feels the pressure after activist investor Cevian builds a stake January 31, 2022 Voadafone is expected to speed up an organisational overhaul after it was revealed that a notorious activist investor had taken a stake in the firm.
Don’t forget the black pound, retailers warned January 31, 2022 High street brands could be missing out on £4.5 billion spent by multi-ethnic shoppers due to lack of diversity in brands, according to new research. The Black Pound report, a survey of 3,500 people, found that black, Asian and multi-ethnic consumers are often forced to spend their money in specialist shops due to limited product [...]
Aviva Investors calls for businesses to increase focus on human rights and biodiversity January 24, 2022 Asset manager Aviva Investors will push firms to increase their focus on biodiversity and human rights as it looks to promote a more rounded approach to corporate sustainability.
Goldman, Citi, KPMG and PwC lead office return as workers flock back into the City January 21, 2022 The City of London’s major banks, accountants, law firms, and insurers have called on staff to return offices, after the government scrapped its work-from-home guidance. Major players including PwC, KPMG, Slaughter and May, and Aviva, told City A.M that they have called on staff to come back in. Major banks and financiers including Goldman, Citi, [...]
Climate-conscious insurers scrap coal exit policy to stay on right side of antitrust rules January 19, 2022 A coalition of climate-conscious insurance companies have reportedly scrapped plans to stop insuring coal miners, to ensure they are not violating antitrust laws. The Net Zero Insurance Alliance, whose founding members include Axa, Allianz, and Aviva, dropped plans for a coal exit, after receiving advice from lawyers that the plans to join forces to prevent [...]