Tag: environment
Next warns of challenging times ahead
Next, which is Britain’s second largest fashion retailer, has today said consumers are tightening their purse strings in the face of soaring inflation and Government spending cuts. The retailing giant announced record profits but has warned of challenging times ahead for the High Street. It shares jumped 5% earlier today after posting record profits of [...]
Protestors camp outside RBS headquarters
The Royal Bank of Scotland (RBS) is faced with 100 activists at its headquarters, who are protesting against the bank’s role in financing oil industry developments which they believe could be harmful to the environment. The Camp for Climate Action (CCA) have set up marquees, eco-toilets and kitchens at the RBS’ Gogarburn site. Environmentalists have [...]
Report warns UK businesses to face up to reality after recession
UK businesses are being warned to accept the fact that it will not be “business as usual” for some time to come. The warnings came from leading business groups including the CBI, the Institute of Directors and the Institute for Public Policy Research. They are contained in a new report by BDO, the accountants, and [...]
Shell slammed for pollution in Niger Delta
Shell has again been criticised for its poor environmental record in the Niger Delta. A new report, published this week, slams Shell’s failure to take responsibility for limiting the environmental impact of its activities in the region. The, published by the Ecumenical Council for Corporate Responsibility (ECCR), examines five case studies carried out by NGOs [...]
Strong performance at Asda boosts Wal-Mart
The world’s biggest supermarket, Wal-Mart Stores Inc, has described the current sales environment as “difficult”. The retailing giant said sales were down 0.4% in the three months to 31 October at stores open for more than 12 months. US consumers continue to rein in their spending as the economy continues to see a rise in [...]
Unethical businesses will lose competitive edge
Businesses need to start behaving ethically or risk losing customers, a consumer trends specialist claimed this week. James Alexander, founder of online marketplace Zopa, said businesses that fail to develop ethical values will struggle to attract and maintain customers in the future. “Companies need to be aware that their customers want them to behave responsibly [...]
Climate change funds more popular
Financial advisers are increasingly likely to recommend funds that invest in climate change, according to new research by Pictet Funds. The fund distributor found the number of advisers encourage clients to invest in climate change funds is set to double. Around one in eight (13%) of those polled said they had sold climate change funds [...]
CFS announces results following Britannia merger
The Co-operative Financial Services (CFS), which recently completed its merger with Britannia Building Society, has reported its interim results for the 28 weeks to 25 July 2009. CFS, which is part of The Co-operative Group, is the UK’s biggest mutual retailer with more than 4 million members, over £14 billion turnover and has over 5,000 [...]
Sustainable investments ‘the answer’ to global downturn
Five trillion dollars that has been allocated to sustainable investing strategies could form the core of an economic recovery, two financial experts have predicted in a book released this week. Cary Krosinsky, vice president of Trucost Plc, and Nick Robins, head of the HSBC Climate Change Centre for Excellence, estimate that sustainable investing funds – [...]
Credit crunched Brits reduce carbon footprint
Spending cut-backs because of the credit crunch are helping Brits reduce their carbon footprint, new research from internet bank cahoot has revealed. In a survey by the online arm of Abbey, 72% said they are trying to reduce their energy bills by turning off electrical items such as PCs, DVD players and TVs when not [...]
