New CBI boss determined to rebuild group and ‘win back trust’ after sexual misconduct scandal April 26, 2023 The new boss of the CBI has pledged to “rebuild and reimagine” the crisis-hit organisation and “win back trust” as the group continues to deal with an ongoing sexual misconduct scandal. Rain Newton-Smith, the new director-general of the Confederation of British Industry (CBI), today apologised to the women who made allegations of sexual harassment, assault [...]
CBI crisis: City of London Corporation latest to quit over allegations of sexual misconduct April 26, 2023 The City of London Corporation has become the latest organisation to suspend its membership of the Confederation of British Industry (CBI) following allegations of sexual misconduct. The governing body, based in the Square Mile in London, strongly condemned the alleged culture of abuse at the business group. The CBI announced yesterday it had dismissed “a [...]
All change: Moneysupermarket goes shopping for Ocado’s chief financial officer September 26, 2022 Moneysupermarket.com has swooped in for the Chief Financial Officer at Ocado, who will take up the same role on its board. Niall McBride will join the price comparison site subject to regulatory approval, as he leaves Ocado after having joined in 2020 during the pandemic. The former Rothschild & Co and PwC accountant will likely [...]
CBI to face no-confidence vote today with future in the balance June 6, 2023 The CBI will find out if it has a future after a vote of members that is effectively a confidence vote in the body's new leadership.
How a £50bn pension super fund with an appetite for UK innovation could help make the City great again March 27, 2023 The UK’s pension funds should pool their assets in a £50bn ‘future growth fund’ or more firms will continue to shun London and list overseas, the Lord Mayor of London has warned today.
Is the CBI is “finished”? City grandee and AJ Bell chair Baroness Morrissey says so April 25, 2023 The crisis-hit CBI is “finished” after the organisation admitted it failed to sack workers who sexually harassed female colleagues, City boss Baroness Helena Morrissey has said. Firms have deserted the Confederation of British Industry (CBI) in their droves after two rape allegations and a series of claims of a toxic work culture surfaced, reported by [...]
CBI denies ‘toxic’ culture but no sign of government freeze thawing May 31, 2023 CBI's new boss says "misogynistic" accusations are inaccurate but acknowledges group has work to do to persuade its members
Mark Kleinman: His weekly column on Arrival, the CBI and Rishi’s latest wheeze February 8, 2024 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking, He writes a weekly column for City A.M. To travel well, it’s said, is better than to arrive. Try telling that to shareholders in Arrival, the New York-listed (would-be) electric van manufacturer, whose journey hitching a ride since it [...]
CBI boss Tony Danker ‘dismissed with immediate effect’ amid investigation into sexual misconduct claims April 11, 2023 Tony Danker has been “dismissed with immediate effect” as head of the CBI following an investigation into workplace misconduct. It comes after the Confederation of British Industry (CBI), Britain’s biggest trade body, launched an investigation into allegations of sexual misconduct. Danker stepped aside as director general amid allegations of misconduct in March, while three other [...]
Mark Kleinman dissects the CBI’s rescue plan – plus the boss of Vashi’s vanishing act and Man U’s other battle June 1, 2023 In five days time, Rain Newton-Smith must deliver the performance of her career. At an extraordinary general meeting of the CBI, she will seek to convince thousands of its members that it should survive the maelstrom which has brought it to the brink of collapse. The cards appear stacked against her. Already, the CBI’s principal [...]