Revolut’s Russian-British boss condemns ‘horrifying’ war in Ukraine March 2, 2022 The Russian born boss of London fintech firm Revolut has condemned the ‘horrifying’ war in Ukraine as the bank committed to a series of measures to support civilians caught up in the conflict.
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.
Close Brothers Asset Management appoints Standard Life executive as new boss March 2, 2022 Merchant banking group Close Brothers has announced that ex-Standard Life Aberdeen boss Eddy Reynolds will take over as chief executive of its asset management business next week, after boss Martin Brown stepped down.
‘Recommerce’ firm MusicMagpie reports slide in profits as pandemic boom subsides March 2, 2022 Refurbished tech selling platform MusicMagpie reported a slide in profits today after a pandemic-induced boom in demand subsided last year.
Russian miners Evraz and Polymetal set to fall out of FTSE 100 in quarterly shake up March 1, 2022 London listed Russian mining firms Evraz and Polymetal are set to be shuffled out of the FTSE 100 tomorrow in the index’s quarterly review.
Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.
Visa and Mastercard shut out Russian financial institutions from networks March 1, 2022 US card payment giants Visa and Mastercard have shut out Russian financial institutions from their payments networks after Western nations ramped up sanctions on Russian firms.
Shares in Russian retailer Fix Price tumble after sanctions hit VTB March 1, 2022 Shares in London-listed Russian retailer plunged yesterday after it suspended a planned share buyback programme due to sanctions slapped on the firm’s bank, the state-owned Russian lender VTB Capital.
Man Group profits surge as assets under management hit $148.6bn March 1, 2022 Asset management firm Man Group reported a surge in profits today as its total assets under management (AUM) soared to a new high of $148.6bn.
Abrdn rules out Russia investment as revenues rise for the first time since merger March 1, 2022 FTSE 100 asset manager Abrdn hailed 2021 as its “reset” year today as it posted a jump in operating profits and growth in revenues for the first time since its merger with Standard Life in 2017.
