Appetite for ESG investing falls – but could tighter regulation improve its performance? May 19, 2023 ESG is sliding down the list of investment priorities as investors refocus on maximising returns amid ESG’s poor performance and wider market volatility. According to the latest research by Charles Schwab UK, in two years the number of investors who believe companies with strong Environmental, Social and Governance (ESG) credentials are attractive investment options has [...]
Tesco boss John Allan quits: Britain’s biggest supermarket concerned behaviour claims are ‘distraction’ May 19, 2023 John Allan, the chair of Tesco, will quit his role fearing accusations about his behaviour are becoming a “distraction”. The former president of the Confederation of British Industry (CBI), which has been embroiled in serious accusations of sexual misconduct including rape, will step aside from Britain’s biggest supermarket. In a trading update late on Friday [...]
Consumer confidence continues to recover as double-digit inflation fails to deter Brits from splashing cash May 19, 2023 Consumer confidence in the year ahead is continuing to recover despite persistent cost-of-living pressures, a long-running survey suggests. GfK’s Consumer Confidence Index rose by three points in May to minus 27, the fourth monthly increase in a row from January’s minus 45. Confidence in personal finances over the coming 12 months saw a “robust” five-point [...]
Have the culture war Conservatives killed off Cameron-style Tories? May 19, 2023 Is the nasty party back?
Asda accused of ‘fire and rehire’ in row over pay cut plans for 7,000 May 18, 2023 Asda and a union representing 7,000 workers have entered into a furious row, after the supermarket giant was accused of “inexcusable” pay cut plans. The chain rejected claims it is going to cut the pay of 7,000 low-paid retail workers, insisting it is in the middle of a consultation to remove an “anomaly” in the [...]
Paul Scully launches bid to become London mayor – here’s how he hopes to win May 18, 2023 Conservative MP Paul Scully has pledged to switch off ULEZ cameras in the extended zone on “day one” if elected London mayor, as he launched his bid to be the Conservative candidate. Currently minister for London, Scully, MP for Sutton and Cheam, is pausing his frontbench work while he aims to be selected as the [...]
900 City of London Corporation staff to strike this month – with Tower Bridge, Barbican and Old Bailey impacted May 18, 2023 Workers at tourist attractions across London are to strike in a dispute over pay. The GMB union said 900 of its members employed by the City of London Corporation will walk out on May 25 at attractions including Tower Bridge, Barbican, museums, gardens, parks and markets after voting overwhelmingly in favour of industrial action. The [...]
Sunak insists he will bring down taxes when inflation cools May 18, 2023 Rishi Sunak has insisted he will bring down taxes when inflation cools and claimed the economy is defying expectations. It comes after economists warned one in five people will be paying the higher rate of tax under his policies. The Prime Minister said the nation’s finances are receiving boosts from the departure from the EU, [...]
Startup Spotlight: Jnck Bakery May 17, 2023 Jnck Bakery was founded by brothers Sean and Alex Brasill in 2021 as a passion project focused on the UK obesity crisis and lack of healthy food innovation. Seeing an opportunity to create something that makes a positive difference – and tasted good – they created the world’s first HFSS-compliant cookie. Now halfway through their [...]
Cost of living overwhelmingly top concern for UK public, poll finds May 17, 2023 The cost of living crisis continues to be the top concern for Britain’s voters, a new poll has found. Pollsters at More in Common (MiC) found 75 per cent of those surveyed cited the cost of living crisis as their number one priority that the government should address. Only 44 per cent said supporting the [...]