Firms in UK will have to reveal efforts to stop supply chain slavery and trafficking
From October all companies doing business in the UK with a turnover of £36m or more will have to deliver annual statement covering international supply chains The major supermarkets, the likes of Primark, Marks & Spencer and well-known food and technology brands, will all have to set out how they are preventing slavery and human […]
GlaxoSmithKline CEO: business stabilising despite China slowdown
Pharmaceutical company reported better than expected second-quarter results of £5.9bn, although Chinese sales fell 14% The GlaxoSmithKline CEO, Sir Andrew Witty, said the Chinese drug market has slowed down dramatically over the past year but insisted that the drugmaker’s own business there is stabilising, as it unveiled second-quarter results that beat City expectations. Witty also […]
Theo Chocolate and others aims to end farmers' cycle of poverty
Companies including Nespresso and Timberland are working with local communities in developing countries to build sustainable supply chains Every chocolate company needs to buy cocoa beans. For Seattle-based Theo Chocolate, sourcing this essential ingredient is not about finding the right vendors – it’s about creating them. This unorthodox approach yields a better quality of chocolate […]
The art of changing the world – in pictures
These artists hope to challenge people and businesses to think about their relationship to the natural world The Human Nature art show runs until 30 July in Bristol and will be in London between 17 and 27 September Continue reading… Source: The Guardian Circular Economy RSS
Lone Star buys Wembley Arena owner Quintain for £700m
Each of UK property firm’s shares will be bought for 131p in cash after its directors recommended that shareholders accept offer from private equity group Quintain Estates and Development, the developer behind Wembley Arena, has been bought by US private equity group Lone Star for £700m. Dallas-based Lone Star agreed to pay 131p in cash […]
Taylor Wimpey and Rightmove shrug off election uncertainty as profits rise
Housebuilder and property website report strong first halves, despite estate agent Foxtons blaming general election for a slump in its profits Taylor Wimpey, one of Britain’s largest housebuilders, and Rightmove, the property website, shrugged off the political uncertainty in the run-up to the spring election and enjoyed a strong first half – with further evidence […]
What are the business benefits of being more transparent?
Adopting an open leadership style can bring enormous benefits in terms of company culture, employee engagement, customer loyalty and productivity Interested in what a company or its chief executive is really like behind the corporate PR machine? These days it’s easy to find out. The internet has enabled employees to share exactly what they think […]
Bank of England's Sir Jon Cunliffe: 'Markets are quite fragile'
Deputy governor for financial stability concerned about financial markets and the impact of a US interest rate rise A leading Bank of England policymaker has expressed concerns about the “fragility” of the global financial markets as he warned against any watering down of regulatory reforms eight years on from the financial crisis. “I do think […]
Greek bailout talks continue as Merkel ally warns of Grexit 'chaos' – live
Rolling business and financial news, as negotiations over a third Greek bailout continue and markets await the Fed’s decision on interest rates tonight Bavarian PM on Grexit chaos Moscovici: Le #Grexit est derrière nous Markets rally ahead of the Fed China bounces back Introduction: Talks resume in Athens today 9.40am BST After getting off to […]
Greggs profits boosted by healthier options and shop upgrades
CEO Roger Whiteside said there was a significant growth in breakfast sales as well as the range of lower-calorie sandwiches High street baker Greggs has posted a 51% rise in profits for the first half of the year thanks to strong demand for its breakfast range and healthier sandwiches and flatbreads. The company raised its […]