Skip to content
Search

Latest Stories

Diversity among UK business leaders poor despite pledges after George Floyd's death

The survey further highlighted that 57% of black employees felt passed over for promotion, with 59% attributing it to the colour of their skin

Diversity among UK business leaders poor despite pledges after George Floyd's death

The number of senior business leaders from ethnically diverse backgrounds has not seen a significant increase since the death of George Floyd and the subsequent corporate pledges to address racial inequality in the workplace, The Guardian reported.

A survey conducted by Perspectus Global of 2,000 office workers revealed that nearly 70% of respondents said that their companies have not raised the number of black, Asian, or ethnic minority leaders.


However, the study also found that approximately 70% of British companies have implemented various initiatives to combat racism in the workplace since 2020.

Following Floyd's killing, corporations pledged $50 billion in the US alone for racial equity initiatives, such as supporting civil rights organisations, investing in ethnic communities, and reforming recruitment and training programmes.

Marcus Whyte, founder of Zyna Search, the company that commissioned the survey expressed that numerous companies made pledges to improve diversity following Floyd's death.

However, he noted that the FTSE 100 currently lacks black chief executives or chairpersons.

He is quoted as saying, “I would like to see meaningful and measurable progress with black, Asian and ethnically diverse employees represented at all levels of businesses.”

The survey further highlighted that 57% of black employees felt passed over for promotion, with 59% attributing it to the colour of their skin.

Additionally, close to half of black staff reported anglicizing their names for easier pronunciation, while 60% felt the need to "code switch" which requiring adapting certain aspects of their appearance or language to align with perceived workplace expectations.

Despite some progress, the study emphasised the necessity for more meaningful and measurable advancements in diversity representation, particularly among senior leadership positions.

More For You

Campbell Wilson

Air India CEO Campbell Wilson steps down as Air India Express chair

Air India CEO Campbell Wilson steps down as Air India Express chair

AIR INDIA CEO Campbell Wilson is stepping down as chair of Air India Express, the airline’s low-cost subsidiary. He will be replaced by Nipun Aggarwal, Air India’s chief commercial officer, according to an internal memo sent on Tuesday.

Wilson will also step down from the board of Air India Express. Basil Kwauk, Air India’s chief operating officer, will take his place.

Keep ReadingShow less
Air India eyes Boeing jets rejected by Chinese airlines: report

Tata-owned Air India is interested in purchasing jets that Chinese carriers can no longer accept (Photo credit: Air India)

Air India eyes Boeing jets rejected by Chinese airlines: report

AIR INDIA is seeking to acquire Boeing aircrafts originally destined for Chinese airlines, as escalating tariffs between Washington and Beijing disrupt planned deliveries, reported The Times.

The Tata-owned airline, currently working on its revival strategy, is interested in purchasing jets that Chinese carriers can no longer accept due to the recent trade dispute. According to reports, Tata is also keen to secure future delivery slots should they become available.

Keep ReadingShow less
Infosys forecasts lower annual growth after Trump tariffs cause global uncertainty

The IT service firm said its revenue would either stay flat or grow by up to three per cent

Getty Images

Infosys forecasts lower annual growth after Trump tariffs cause global uncertainty

INDIAN tech giant Infosys forecast muted annual revenue growth last Thursday (17) in an outlook that suggests clients might curtail tech spending because of growing global uncertainty.

The IT service firm said its revenue would either stay flat or grow by up to three per cent in the fiscal year through March 2026 on a constant currency basis. The sales forecast was lower than the 4.2 per cent constantcurrency revenue growth Infosys recorded in the previous financial year.

Keep ReadingShow less
UK retailers

For many retailers, this has meant closing stores, cutting jobs, and focusing on more profitable business segments

Getty

6 UK retailers facing major store closures in 2025

In 2025, several UK retailers are experiencing major store closures as they struggle to navigate financial pressures, rising operational costs, and changing consumer behaviours. These closures reflect the ongoing challenges faced by traditional brick-and-mortar stores in an increasingly digital world. While some closures are part of larger restructuring efforts, others have been driven by financial instability or market shifts that have forced retailers to rethink their business strategies. Let’s take a closer look at six major UK retailers affected by these trends.

1. Morrisons

Morrisons, one of the UK's largest supermarket chains, is undergoing a significant restructuring in 2025. The company has announced the closure of several in-store services, including 52 cafés, 18 Market Kitchens, 17 convenience stores, and various other departments. This move is part of a larger strategy to streamline operations and address rising costs. Morrisons’ parent company, CD&R, has been focusing on reducing overheads and refocusing on core services.

Keep ReadingShow less
Starmer Trump

The UK is seeking an agreement with the US to remove Trump’s 10 per cent general tariff on goods and the 25 per cent tariff on steel and cars.

Getty Images

Industry warns Starmer: Strike deal with US or face factory job losses

FACTORY owners could begin laying off workers within months unless prime minister Keir Starmer secures a trade agreement with US president Donald Trump, MPs have been told.

Make UK, an industry lobby group, told the business and trade select committee that tariffs on British exports were reducing demand for UK-manufactured goods.

Keep ReadingShow less