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CBI scandal forces Aviva to ‘terminate’ its membership
Aviva, the FTSE 100 insurer, says it has “terminated” its membership of the CBI due to the scandal engulfing the business lobby group and its handling of the crisis.The dramatic development was revealed just moments after Sky News reported that abrdn, the major fund manager, was also considering its position with the organisation. Aviva announced …
Business
Sky News
CBI scandal prompts membership exodus with John Lewis, Meta and Aviva among the big names
NatWest, Meta, BT, BMW, ITV and Unilever have joined a growing list of big corporate names in terminating their membership of the CBI or suspending collaboration due to the scandal engulfing the business lobby group.A NatWest Group spokesperson said: “Following careful consideration, and having previously paused all activity, NatWest Group has today withdrawn its membership …
Business
Business Live
Big Interview: Newquay’s Headland Hotel director Veryan Palmer on employment opportunities for young people
Think Newquay and it’s likely that surf, sand and arcade games spring to mind. Homelessness and leaving school aren’t likely to feature. But the five star hotel on the headland above Fistral Beach is deeply invested in the wellbeing of its employees – especially the young ones. The Headland Hotel employs around 200 people – …
Business
Sky News
CBI crisis intensifies as second female worker makes rape claim
A second woman has come forward to claim she was raped while working at the CBI.The Guardian said it was contacted by the person after it reported on the first, historical, allegation to be made that a female CBI worker was attacked during a London party in 2019.The second woman claimed there was photographic evidence …
Business
Sky News
Wet weather adds to cost of living gloom as retail sales dip
A dip in retail sales last month could be mainly explained by a hit of poor weather, according to experts.The Office for National Statistics (ONS) said retail sales volumes fell by 0.9% in March – the first month on month decline of the year to date and worse than the 0.5% decline forecast by economists. …
Business
Sky News
MPs call for workers’ rights watchdog amid weak enforcement of labour protections
A cross party group of MPs has called on the government to create a workers rights watchdog after finding labour protections are poorly enforced.The Business, Energy and Industrial Strategy (BEIS) committee heard evidence firms were only inspected by the national minimum wage team, on average, once every 500 years. Following evidence gathering sessions with bosses …
Business
Sky News
Holiday Extras mulls float to breathe life into moribund London IPO market
A privately owned company which sells airport transfers and travel insurance is exploring a stock market flotation that could help to breathe fresh life into the City’s moribund IPO pipeline.Sky News has learnt that Holiday Extras, which was founded in 1983 by Gerry Pack, is drawing up plans for a possible future listing. Travel industry …
Business
Sky News
Interest rate rises are meant to bring down inflation – they haven’t. So why are we all paying more on our mortgages?
Three weeks today, on 11 May, the Bank of England’s Monetary Policy Committee (MPC) is likely to raise its main policy rate again.Bank rate is expected to rise from the current 4.25% to 4.5% in what would be the twelfth consecutive increase since the MPC began tightening monetary policy in December 2021. It will take …
Business
Business Live
Newcastle biotech pioneer NunaBio seals £1.9m fundraising deal
A Newcastle University spinout producing synthetic DNA for biochemical research has announced it has raised £1.9m in seed funding to further its work. NunaBio, which is based at the Newcastle Helix science and business park, has secured the funds from the North East Innovation Fund, Pioneer Group, Ascension Life Fund and Martlet Capital. The company …
Business
Sky News
CBI hands new information to police after report of ‘serious criminal offence’
The scandal-hit CBI, Britain’s biggest employers’ group, says it has passed fresh information to the police relating to a report of a “serious criminal offence”.The body said it was “liaising closely” with officers as it remains mired by allegations of historical workplace misconduct. The allegations culminated in director general Tony Danker being sacked earlier this …
Business
Business Live
Falmouth Docks & Engineering Company secure almost £1m of funding, which could create 2,000 jobs over the next 10 years
Falmouth Docks & Engineering Company has secured almost £1m of funding to undertake an environmental impact assessment (EIA). The A&P owned docks, was awarded £973,292 from the UK Government’s Shared Prosperity Fund in order to inform potential redevelopment supporting the production of cleaner, affordable and secure energy from floating offshore wind in the Celtic Sea. …
Business
Business Live
Dunelm investing in success despite challenging economy
The boss of out-of-town homewares retailer Dunelm said the business is continuing to invest in its future and remains confident for further growth despite the challenges facing the economy. Chief executive Nick Wilkinson said sales figures for the start of 2023 were up 6 per cent year-on-year at £423 million, with growth both online and …

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