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McKinsey & Company has cut more than 10 per cent of its global workforce in the past 18 months, trimming headcount from over 45,000 at the end of 2023 to around 40,000 today, as the consulting giant adapts to a downturn in demand and the fallout from costly legal settlements. Read more: McKinsey cuts 10%…
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Pubs enjoyed a boost in April during the sunny spring weather as Brits opted for outdoor beer gardens over indoor restaurants. Like-for-like sales growth at pubs reached 9.1 per cent year on year, according to the latest CGA RSM Hospitality Business Tracker. Sales across all hospitality outlets were 4.2 per cent ahead of April 2024…
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Sportswear giant Adidas is the latest retailer to suffer a cyberattack targeting customer data, highlighting escalating risks in the retail sector.
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The French energy company TotalEnergies has opened its largest cluster of solar power plants in Europe, a series of five projects located near Seville, Spain, with a total installed capacity of 263 MW. As reported by TotalEnergies, the new solar farms will generate 515 GWh annually of renewable electricity, enough to meet the needs of…
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Starbucks has unveiled a new version of its iconic takeaway white cup in Europe, marking a shift towards sustainability by replacing the plastic lining and lids with innovative materials that are home compostable and recyclable. The deployment of this new cup commences this month across ten European nations and is anticipated to reach the UK…
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The European Banking Authority (EBA), the EU banking supervisor, has announced new proposed amendments to Pillar 3 disclosure requirements for banks. These amendments focus on simplifying and clarifying ESG risk-related reporting, especially for small and medium-sized banks. The EBA stated that its new proposals are aligned with the European Commission’s initiatives to simplify sustainability reporting,…
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University of Cambridge leaders have issued a stark warning that the UK risks falling behind in the race to commercialise world-class research unless it does more to support academic spin-out companies struggling to scale. Read more: Cambridge warns UK must scale up investment to turn spin-outs into global success stories
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Former BBC executive and TV presenter Alan Yentob has died at the age of 78, his family has announced.
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The long-awaited Oasis reunion is set to deliver a remarkable £426.3m boost to London’s economy, with fans across the UK set to spend over £1bn. New data from Novuna Personal Finance found that the band’s sold-out, seven-night residency at Wembley Stadium will attract more than 630,000 fans to the capital, with each night forecast to…
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The company behind crisps brand Seabrook has warned Chancellor Rachel Reeves’ Autumn Budget tax hikes will have an impact on its bottom line this year. The Cheshire-based UK arm of Japanese giant Calbee pointed to the increase in the National Living Wage and employers’ National Insurance contributions, which came into affect in April, as key…