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Stock impact report

City sticks with diversity push as Wall Street ‘woke' backlash mounts [Yahoo! Finance]

Molson Coors Beverage Company Class B (TAP) 
Last molson coors beverage company class b earnings: 4/30 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
Company Research Source: Yahoo! Finance
According to the Investment Association, over half its members were forced to cut costs last year, but none chose to scrap diversity initiatives - in direct contrast with their US counterparts who are increasingly abandoning diversity, equity and inclusion (DEI) programmes. Instead, almost four in 10 investment funds surveyed chose to cut spending by sacking staff, with 19pc putting a freeze on hiring. The Investment Association, which represents £9.1 trillion of funds in the UK, surveyed 58 investment and fund managers which collectively employ 81pc of the 45,800 people directly employed by the industry. “The data show that reducing spend on EDI [DEI] related initiatives has not been used by responding firms despite cost pressures,” the report stated, adding that this suggests “fostering EDI remains an important strategic objective for investment managers”. It comes as employers expect to face even greater pressure to invest in diversity policies as part of Angela Rayner's s Show less Read more
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