Lockheed Martin dives into Satellite Vu’s £20m funding round March 2, 2022 Lockheed Martin has dived into a £20m funding round for Seraphim Space-backed Satellite Vu, as the US aerospace giant looks to plant a new space base in the UK. The London-based satellite firm, which uses infrared imaging and data to observe the Earth from space, has caught the eye of Lockheed in hopes of luring [...]
Swiss billionaire receives offer to buy Chelsea as Roman Abramovich is pushed to sell Stamford Bridge club quickly March 2, 2022 A Swiss billionaire has been approached to buy Chelsea football club, according to various reports this morning. 86-year-old Hansjorg Wyss reportedly confirmed he is interested in purchasing the Stamford Bridge club from Roman Abramovich, but only in a consortium. Russian-Israeli billionaire Abramovich is understood to want to retain his ownership of Chelsea but that could [...]
Russian aircraft in US scramble to fly out as airspace closes this evening March 2, 2022 Russian aircraft are left with only a few hours to leave the US, as the White House followed in the UK and Europe’s footsteps and decided to close its airspace to Moscow from tonight. “The United States stands with our allies and partners across the world in responding to Putin’s unprovoked aggression against the people [...]
Sanctions will force consultancies to drop Russian clients, consultancy trade body says March 2, 2022 The trade body for management consultancies has said the UK government’s sanctions on Russia and Belarus will “inevitably” mean some consultancies will be forced to cut links with some of their clients. In a statement, Tamzen Isacsson, Chief Executive of the Management Consultancies Association (MCA), said: “Our firms are strictly abiding by the updated changes [...]
ExxonMobil exits Russia amid energy firm exodus March 2, 2022 Exxon Mobil (Exxon) has followed in BP and Shell's footsteps, and has announced it will exit its Russian assets valued at more than $4bn.
Revenue soars for London estate agent Foxtons as ‘hustle and bustle of city life’ returns March 2, 2022 London estate agent Foxtons has posted buoyant revenue of £126.5m, up on pre-pandemic levels. The company reported revenue up 35 per cent against 2020 and up 18 per cent against 2019, in financial results published on Wednesday. The boosted results come as renters have flocked back to London with the scrapping of Covid restrictions. The [...]
OneWeb moves ahead with Soyuz launch despite Russian invasion March 2, 2022 Broadband firm OneWeb moves forward with its plans to launch satellites using Russian rockets, despite the ongoing invasion of the Kremlin in Ukraine. According to reports by The Times, the tax-payer backed company has paid for 36 satellites to be sent into orbit from Russian firm Baikonur Cosmodrome, which are set to launch using Soyuz [...]
Conservative MP Bob Seely names and shames ‘amoral’ lawyers working for ‘Putin’s henchmen’ March 2, 2022 Conservative MP Bob Seely has spoken out against the UK lawyers working on behalf of Russian oligarchs, after accusing them of teaming up with Putin’s henchman to silence the British press. The MP for the Isle of Wight said the UK’s legal system had become “corrupted” by money from kleptocrats, as he accused lawyers of [...]
“We will be the first back to Ukraine”, says Ryanair boss March 2, 2022 Ryanair will be the first airline to resume flying to Ukraine once it’s safe to do so, said chief executive Michael O’Leary. The company, who was forced on Thursday to halt all operations following the Kremlin’s invasion, expects sanctions will remain for the foreseeable future. “We halted all Ukrainian roots until March,” O’Leary said this [...]
Credit Suisse asks investors to ‘permanently erase’ documents linked to oligarch loans March 2, 2022 Credit Suisse has issued a legal request to investors asking them to “destroy and permanently erase” documents relating to its clients’ private jets and yachts, as it looks to prevent leaks of its dealings with now-sanctioned Russian oligarchs.