Sobering results for drinks giant Diageo reveals problems of sustainability targets
The global drinks firm fails to meet all but one of its environmental goals – is it any wonder consumers are mistrustful of corporate commitments? Continue reading… Source: The Guardian Circular Economy RSS
'ExxonMobil has its head in the sand and shareholders should be worried'
Yale sustainability expert Todd Cort says the oil company’s failure to adapt to changing growth models has landed it between a rock and a hard place A few days before the New York Times reported that a federal auction in the Gulf of Mexico in August drew the lowest interest since 1986 – “the clearest […]
Osborne backs Chote for second term as head of budget watchdog
Chancellor confirms nomination and says Robert Chote is ‘undoubtedly best person’ to chair Office for Budget Responsibility Robert Chote, chairman of the budget watchdog the Office for Budget Responsibility, has promised to continue shining a light on “the darker recesses of the public finances” after the chancellor gave him another five-year term in the job. […]
HSBC rules out revival of Midland brand for UK high street banking arm
Operation in Britain to be rebranded HSBC UK instead, in move forced by rules requiring high street banking to be ringfenced from investment banking HSBC has demonstrated its commitment to its high street banking operations in the UK by rejecting the idea of reviving the Midland name that hung over its 1,000-strong branch network 20 […]
Co-operative Group profit rises but investment drive will dent full-year earnings
Mutual swings to profit after ‘fixing basics’ but warns that investment in new stores and pay will affect margins in second half The Co-operative Group has returned a profit in the first half of its financial year after a strong performance at its convenience stores and funeral homes. But the mutual warned it would only […]
Receding Greek crisis helps boost eurozone growth
Hiring and business confidence rises in the eurozone, with Spain and Italy performing strongly The eurozone’s private sector is growing at its fastest rate in four years, with business confidence boosted by the easing of the Greek debt crisis despite growing fears over global growth. Improved confidence across the 19-member currency bloc prompted companies to […]
Morrisons shares higher amid takeover speculation
South African businessman Christo Wiese appears to raise the idea of an expansion of his Brait investment vehicle into the UK supermarket sector Speculation about a wave of takeovers in the supermarket sector has helped fuel a near 5% rise in the shares of Morrisons. Its shares rose 7.5p, more than 4% higher, to 170p […]
NAB rules out funding Adani's Carmichael mine as buyer LG pulls out
Australia’s biggest proposed coal project loses 4m tonne deal with one of its two big customers as the country’s fourth-largest bank publicly distances itself The National Australia Bank has ruled out funding Adani’s Carmichael mine, as the country’s biggest proposed coal project also lost a key customer in Korean electronics giant LG. NAB, Australia’s fourth […]
Low growth, low wages, low exports: GDP figures are no laughing matter
Joe Hockey’s ‘clowns’ comment may come back to haunt him as defence and housing sector were the only bright spots in a gloomy picture of the economy The latest gross domestic product (GDP) figures show just how dependent Australia is on exports, and that when they fall away, so too do any hopes of strong […]
Joe Hockey says there is no risk of recession in Australia
As the services sector grows at its fastest rate for seven years, the treasurer says the government’s policies are strengthening the economy Joe Hockey says there is “no risk” that Australia will have a recession as he defended the government’s record on the economy. After national accounts released on Wednesday showed the economy grew just […]