26th May 2022
Bite-sized business news from the UK and beyond
Good morning “Who cares if Miami is six metres underwater in 100 years?” Not Stuart Kirk. HSBC’s head of responsible investing gave a presentation called, “Why investors need not worry about climate risk” at a conference last week, where he accused governments of hyping up climate change as an existential crisis that he believes it isn’t. Unsurprisingly HSBC’s execs said that Kirk’s statements did not align with HSBC’s strategy and he’s reportedly been suspended.
Today's stories
- Oca-no – Ocado and M&S venture cuts growth targets
- Monkey business – Countries start shopping for monkeypox vaccines
RETAIL
Ocado and M&S venture cuts growth targets
Other stories to keep you in the loop
- Rishi Sunak to outline cost of living help on Thursday
- Energy firm SSE announces £1.5bn operating profit
- M&S pulls out of Russia and warns of hit to sales due to cost of living crisis
- Pfizer will not sell drugs for profit in poor nations
- Pets at Home profits rise over 60% but warns on cost pressures
- Founder and CEO at beauty giant Glossier steps down
- JD Sports boss quits after £4.3m fine
PHARMA
Countries start shopping for monkeypox vaccines
Stat of the day
There are an estimated 390m guns in circulation in the US, more than one per person
Interesting links from around the web
- The smoke and mirrors of unlimited paid time off
- The partygate report is finally out
- Watch the trailer for Netflix's most expensive film ever, The Gray Man
