Skip to content
Search AI Powered

Latest Stories

UK government, companies pause engagement with business lobby CBI

UK government, companies pause engagement with business lobby CBI

BRITAIN'S business lobby CBI lurched into deeper crisis on Thursday (6), as member companies and the government distanced themselves following more allegations of sexual misconduct by senior staff.

The Guardian newspaper had reported on Monday (3) that "more than a dozen" women claim to be victims of sexual misconduct by "senior figures" at the CBI, including one woman who alleged she was raped at a staff party.

The Confederation of British Industry (CBI), the country's biggest employers' organisation, this week widened an ongoing investigation being handled by an external law firm to include the latest claims.

The chief executive of brewing giant Adnams, Andy Wood, told the BBC that his company had held talks about whether to leave the CBI but would await the outcome of the probe.

"Reputations take decades to build and moments to destroy, and the CBI need to get on with this and sort it out quickly, and restore our trust and confidence in the organisation," Wood said Thursday.

"If there is any scintilla of truth in this, I think I can speak for all members that such behaviour is completely unacceptable and there is no place for it in the workplace," he added.

The UK government has paused all engagement by ministers and senior officials with the CBI, citing the "serious allegations", a source confirmed Thursday.

The organisation has meanwhile decided to cancel all external events, including next month's annual gala dinner which traditionally features prominent business chiefs and political leaders.

"The CBI has treated and continues to treat all matters of workplace conduct with the utmost seriousness, which is why last month, we commissioned a thorough investigation by an independent law firm into all recent allegations that have been put to us," a CBI spokesperson said.

"It would undermine this important process and be damaging and prejudicial to all the individuals involved to comment on these allegations at this point.

"We will not hesitate to take any necessary action when the investigation concludes."

The CBI's board "expects to have preliminary findings and actions from the first phase of the investigation" soon after the Easter break, the spokesperson added.

This week's revelations came less than a month after the lobby group announced that director-general Tony Danker would step aside to allow claims of workplace misconduct to be probed.

It is understood that the latest allegations are not related to Danker.

(AFP)

More For You

Essar-Oil-UK-Getty

Essar Oil UK is advancing decarbonization at its Stanlow Refinery with two key projects supported by Industrial Energy Transformation Fund (IETF) grants. (Photo: Getty Images)

Essar, 24 other firms get £51.9m to cut industrial carbon emissions

THE GOVERNMENT has allocated £51.9 million to support 25 businesses in reducing carbon emissions as part of the Plan for Change aimed at driving economic growth and rebuilding Britain.

The funding covers projects across various industries, including food manufacturing, cement production, and glass processing.
Companies receiving funding include Essar Oil UK, Nestlé's coffee processing site in Staffordshire, Heinz's baked bean factory in Wigan, and Hanson Cement in North Wales.

Keep ReadingShow less
Tesla-Getty

Tesla has faced challenges in 2024, reporting its first annual decline in deliveries as incentives failed to increase demand for its ageing vehicle lineup. (Photo: Getty Images)

Tesla received nearly £200m in UK government grants since 2016: Report

ELON MUSK’s electric vehicle company Tesla has received £191 million in grants from the UK government since 2016, according to an analysis by Tussell.

The majority of the funding, £188m, was provided by the Department for Transport (DfT) through the plug-in car grant scheme, which aimed to promote the adoption of electric and plug-in hybrid vehicles, The Guardian reported.

Keep ReadingShow less
CES-2025

CES 2025, organised by the Consumer Technology Association (CTA), will be held from 7 to 10 January.

Indian tech innovations to shine at CES 2025, says top executive

THE INDIAN technology sector continues to capture attention, with several startups and entrepreneurs showcasing their innovations at CES 2025, the world's largest tech event.

John Kelley, vice president and show director of CES, described the Indian tech story as “fascinating” and highlighted its growing global significance.

Keep ReadingShow less
Anil Agarwal acquires London's historic Riverside Studios

Anil Agarwal

Anil Agarwal acquires London's historic Riverside Studios

THE founder and chairman of Vedanta group Anil Agarwal is the new owner of the iconic Riverside Studio in London, a statement said on Wednesday (8).

The 100-year-old studio, which is a renowned global centre for arts and located on the north bank of the river Thames in the centre of London, will now operate under the name ‘Anil Agarwal Riverside Studios Trust’, it informed.

Keep ReadingShow less
india-gdp-iStock

India's GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24. )Representational image: iStock)

India's GDP growth projected to fall to 6.4 per cent in FY25

INDIA's gross domestic product (GDP) growth is projected to decline to 6.4 per cent in the financial year 2024-25, marking its lowest rate in four years, according to government data released on Tuesday. The slowdown is attributed to weaker performance in the manufacturing and services sectors.

The growth rate of 6.4 per cent, estimated by the national statistics office (NSO), is the lowest since the contraction of 5.8 per cent recorded during the Covid-19 pandemic in 2020-21. GDP growth was 9.7 per cent in 2021-22, 7 per cent in 2022-23, and 8.2 per cent in 2023-24.

Keep ReadingShow less