Market for nuclear weapons could near £100bn by 2030, fuelled by war in Ukraine April 4, 2022 The market for nuclear weapons could near £100bn in the next 10 years, as Russia’s war in Ukraine continues to push up military spending. The reported 72 per cent increase from 2020 levels would be a major spike from the estimated value of $73b (£55bn), two years ago. The Kremlin’s sabre-rattling, including putting its nuclear-ready [...]
The City View Podcast: Businesses react to war in Ukraine and preparing your pension March 1, 2022 In this episode of The City View, Andy Silvester goes through today’s corporate headlines and chats to Nicholas Earl, City A.M’s Energy Reporter, about how businesses have reacted to Russia’s invasion of Ukraine; their role in such a crisis; and how increasing energy prices will significantly impact companies. Andy also talks to Becky O’Connor, Head [...]
Peel Hunt revenue surpasses expectations despite market slowdown amid war in Ukraine April 1, 2022 Investment bank Peel Hunt has traded ahead of analyst expectations despite a slowdown in activity after Russia’s invasion of Ukraine. Its execution and trading business marked a strong end to the year while its investment banking division marked record revenues. Revenue for the full year is anticipated to stand at around £131m, the City firm [...]
Head of Russia’s biggest private oil producer, who criticised the war in Ukraine, dies after ‘falling out of hospital window’ September 1, 2022 The head of Russia’s biggest privately held oil producer, who criticised the Kremlin’s invasion of Ukraine, has died after reportedly falling out of a hospital window. Ravil Maganov, chair of the board of LUKOIL, died this week in mysterious circumstances, according to Russian-language site Interfax, as reported by the FT’s Moscow correspondent. The company is [...]
UN says 5m refugees have now been created by Russia’s war in Ukraine April 20, 2022 The United Nations has said more than five million people have now fled the war in Ukraine. The number escaping Russia’s war in the country is creating the biggest refugee crisis since the end of the second world war, with neighbouring countries such as Poland, Slovakia, Hungary and Romania bearing the primary burden. The UN’s [...]
Retail and construction insolvencies soar against backdrop of supply chain pressures and war in Ukraine March 15, 2022 Soaring material costs have led to a steep rise in insolvencies in the retail and construction industries of almost 50 per cent. The war in Ukraine and its impact on rising fuel prices, brought concerns over supply chains pressures into sharp focus this week, new research from tax and audit specialists Mazars has shown. During [...]
Issa brothers’ EG Group sees fuel gross profit margins reduce slightly after war in Ukraine May 24, 2022 The Issa brothers’ EG Group has seen its fuel division’s gross profit margins slim slightly after Russia’s invasion of Ukraine. Across the firm’s fuel arm, gross profit hit $481m in the three months to 31 March, a 16 per cent increase compared to the first quarter of 2021. However, its gross profit margins were slightly [...]
Putin’s war in Ukraine must make us wonder about our military capabilities February 28, 2022 Last week all changed, changed utterly; on the eastern fringes of Europe, a war is now happening. Not a border skirmish or some cyber jousting—the Russian army has invaded Ukraine and men and women are losing their lives in a struggle for territory and power. Taken by surprise by this resurrection of old methods of [...]
Anatoly Chubais: Top Russian envoy steps down and leaves the country after criticising war in Ukraine March 23, 2022 A senior and respected Russian official has stepped down from his role of climate envoy and left the country, after opposing Vladimir Putin’s war in Ukraine. Anatoly Chubais quit Moscow this week according to Bloomberg, becoming the highest-ranking person to get out since the start of the war last month. This comes after Russia was [...]
Oil remains well above $90 per barrel amid looming prospect of war in Ukraine February 21, 2022 Oil remains stable with prices hovering near the seven-year highs recorded last week amid continued concerns over supply.