25th May 2022
Bite-sized business news from the UK and beyond
Good morning What’s the most unusual job title you’ve ever heard of? Perhaps Chief Happiness Officer or Chief Troublemaker (real roles btw). Well there’s a new one to add to the books. Yesterday Kim Kardashian was unveiled as the first Chief Taste Consultant at plant-based food maker Beyond Meat.
It’s hoped that Kim’s involvement can help turnaround the fortunes of the alternative-meat maker, which has struggled in recent times as it faced stiffer competition and questions about how healthy and appealing the products are. Beyond Meat shares have sunk around 80% in the last 12 months.
Today's stories
- Klarna scales back
- Windfall tax rumours send energy shares down
FINTECH
Klarna scales back
Other stories to keep you in the loop
- UK borrowing falls in April as inflation raises debt costs
- Chelsea takeover: Premier League approves American-led bid
- Biggest rail strike in decades a step closer as RMT union workers back industrial action
- BA owner faces pay revolt over 'excessive' share award plan
- Accountancy firms ask for exemptions from ban on providing services to Russia
- Starbucks to quit Russia but pay six months' wages
- Snap plunges 30% after company warns it will miss targets and slow hiring
- JPMorgan's UK consumer bank tops half a million customers
- Zoom stock goes full circle, hovers at pre-pandemic levels
ENERGY
Windfall tax rumours send energy shares down
- Earlier this month Centrica announced that profits for this year would be at the top end of analyst estimates - which range from £739m to £1.4bn.
- BP's profits more than doubled in the first quarter of this year, reaching almost £5bn and Shell posted its biggest ever quarterly profit of £7.3bn
Stat of the day
By midday yesterday 130,000 journeys had been made on London’s Elizabeth line's first day
Interesting links from around the web
- Time's 100 most influential people of 2022
- 35 questions managers should regularly ask themselves
- What to do when you don’t get the job
