The Confederation of British Industry has appointed two female business figures, Ruth Cairnie and Lesley Ann Nash, to its board in an effort to rebuild its reputation following allegations of misconduct. Cairnie, chair of Babcock International Group, and Nash, non-executive director at various companies, bring diverse industry experience to the CBI board.
In other news, UK petrol prices have hit a three-year low due to lower oil prices and a stronger pound, providing relief to motorists. The average unleaded price was 135.87p yesterday, significantly lower than the record highs seen previously. The RAC welcomed the drop in prices and expects them to decrease further in the coming weeks.
Alison Watson, founder of Class Of Your Own, has been appointed as the first female president of the Chartered Institution of Civil Engineering Surveyors. Watson’s term is themed ‘Make Space for Education,’ emphasizing the importance of passing on knowledge and supporting the next generation in the field.
Additionally, the Co-operative Group has revealed a significant impact from shoplifting in its stores, with costs soaring to £40m in the first half of the year. Despite this, the Co-op returned to profit but remains focused on implementing measures to protect staff and tackle theft and fraud.
Lastly, the global economy is showing signs of improvement according to the Organisation for Economic Cooperation and Development (OECD), with the UK’s growth forecast upgraded. The UK is expected to outpace Japan, Italy, and Germany in economic growth, despite facing higher inflation rates. The OECD sees the global economy “turning a corner,” with lower inflation and central bank interventions supporting recovery.
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