Russia rolls out fast-track bankruptcy for foreign firms as companies scramble to exit March 4, 2022 Foreign firms looking to withdraw from Russia will receive fast-tracked bankruptcy protections or be able to temporarily hand over stewardship to local managers, under measures designed to ease the flood of firms looking to sever ties with Russia.
Australian cricketing legend Shane Warne dies aged 52 March 4, 2022 Australian cricket legend Shane Warne has died of a suspected heart attack, aged 52, according to multiple reports from Australia.
Royal Mail set to hike stamp costs amid spiralling inflation and letter decline March 4, 2022 Royal Mail is set to hike stamp prices as spiralling inflation ramps up costs and letter usage continues to decline.
Cevian Capital calls for governance overhaul at Ericsson after Isis payments March 4, 2022 Swedish activist investor Cevian Capital has called for a governance overhaul at telecoms giant Ericsson after the firm was found to have made possible payments to terror group Isis. Shares in Ericsson have plunged over 25 per cent since boss Borje Ekholm conceded last month that the firm may have breached compliance rules and made [...]
Royal London boss commits to dumping Russian assets as pension giant reports profit boost March 4, 2022 Royal London boss Barry O’Dwyer said the firm would dump its Russian investments as soon as possible today, as the pension giant reported rising sales and jump in profits for 2021.
Retail property firm Hammerson closes losses as it heads towards recovery March 4, 2022 Retail property firm Hammerson posted smaller losses today and reported a 122 per cent rise in earnings for 2021, as it recovers from a collapse in retail rent during the pandemic
Swift backlash: Will Russia snake past Western sanctions? March 3, 2022 Sanctions are intended to choke economies for decades. This week could a sign that Russia is heading for the mire. The intended effects of Western sanctions are already materialising. This week, the rouble, Russia’s currency, collapsed around 40 per cent. The Moscow Stock Exchange has been shuttered since Monday. Concern about Russia being effectively frozen [...]
M&A slumps as war in Ukraine rattles dealmakers March 3, 2022 Global mergers and acquisitions (M&A) slumped 35 per cent last month as Russia’s invasion of Ukraine rattled global financial markets and caused a dealmaking boom to falter.
Royal London and Phoenix Group review Russian investments as firms scramble to divest March 3, 2022 Royal London and Phoenix are among the latest pensions giants to announce they are reviewing their Russian investments as firms scramble to sever ties with Russia following tightened sanctions this week.
Buyout firm Melrose boosts profits but rattles shareholders with delayed cash return March 3, 2022 Industrial buyout firm Melrose beat expectations today as the firm slashed its debt and posted underlying revenues of £7.5bn, but bosses have rattled shareholders with a decision to defer proceeds from two sales.
