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5 Things You Need To Know, Today, on Monday 24th January 2022
5. The mining giant founded by Australia's richest man is buying the battery and technology arm of the Williams Formula One racing team for $222.2m (£164m).
Fortescue Metals will purchase UK-based Williams Advanced Engineering from private equity firm EMK Capital and Williams Grand Prix Engineering.
4. A major UK investment fund has said it will vote to try to get directors kicked out of firms that fail to make good on environmental pledges.
Aviva Investors also wants bosses' pay to be linked to sustainability goals.
3. Unilever is expected to face pressure to shake up its business model after it emerged the activist investor Nelson Peltz has built a stake in the troubled FTSE 100 company.
The consumer goods company, best known for Dove soap, Hellmann’s mayonnaise and Marmite, has been thrown into turmoil after a £50bn bid for GlaxoSmithKline’s consumer healthcare division caused fury among its shareholders.
2. The government and business will announce a "landmark moment" in improving the North West's rail connections today when the bill to extend HS2 to Manchester is laid in Parliament.
Phase 2b of the high-speed line will cut journey times by 55 minutes from London to Manchester, ministers say.
1. Retailer John Lewis has said all its staff are entitled to full sick pay for Covid-related absences, regardless of vaccination status, and it would not be "right" to differentiate.
It comes after Ocado, Next and Ikea revealed they only pay the legal minimum to unjabbed staff if they have to isolate due to Covid exposure.