Shell to weather up to $5bn hit from Russia write downs April 7, 2022 Energy giant Shell said it could weather a $5bn hit in the first quarter after its decision to cut ties with Russia following its invasion of Ukraine.
P&O plans to restart services ‘by next week’ as boss plays down safety failings April 6, 2022 Beleaguered ferry firm P&O said it was looking to restart sailing on the Dover to Calais route as soon as this weekend, as its boss looked to play down safety failings that forced it to suspend services on its ships.
Seedrs boss hits out at regulators for stifling growth April 6, 2022 The boss of crowdfunding firm Seedrs has hit out at UK regulators today claiming they are stifling the potential of UK startups.
Royal Mail shares slump as Barclays slashes target price April 6, 2022 Shares in Royal Mail slumped this morning after bankers at Barclays snipped the firm’s price target in a note to investors, predicting choppy waters ahead for the postal group.
New spac to list in London with eye on insurtech market April 6, 2022 A new Spac has announced plans to float on the London Stock Exchange today as it eyes up an acquisition target in the booming insurtech industry.
UK division of Russia’s VTB files for administration April 6, 2022 The UK division of Russian bank VTB is preparing to file for administration today after Western sanctions were slapped on the firm following Russia’s invasion of Ukraine, according to reports.
Car seller Motorpoint readies investment after boost in revenues April 6, 2022 Used car seller Motorpoint said today it was readying a wave of investment after revenues received a boost last year to hit £1.32bn.
Shell goes tax free in the North Sea after £100m government refund April 6, 2022 Energy giant Shell paid no tax on its oil and gas production last year even as the global energy crunch saw it profits soar to more than $19bn.
Fast fashion retailer Shein hits $100bn valuation with fresh funding round April 6, 2022 Fast-fashion giant Shein has hit a $100bn valuation this week after a fresh funding round, making it the third most valuable startup in the world after Elon Musk’s SpaceX and ByteDance.
Innocent founders raise £100m for fresh venture fund April 6, 2022 A London venture capital firm set up by the founders of smoothie-maker Innocent has raised a £100m fund to pump into challenger brands.
