Fund manager Abrdn struggles to offload Rosneft stake February 28, 2022 FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from state-backed russian companies.
Klarna losses soar as bosses double down on growth February 28, 2022 Swedish buy-now pay-later (BNPL) giant Klarna has reported soaring losses after accelerating its global expansion to add 10 new markets since the start of 2020.
London-based Hiro Capital launches €300m fund to target videogames and metaverse tech February 28, 2022 London-based investment firm Hiro Capital has launched a second €300m fund today to target emerging gaming and metaverse technologies, as it looks to capitalise on a wave of so-called ‘Web3’ innovation.
GSK chief ‘extremely confident’ of July listing for consumer division February 28, 2022 GlaxoSmithKline chiefs said today they are lining up a July spin off for the firm's consumer health division Haleon, as they remain positive that they can shrug off market volatility in the coming months.
Abramovich-owned steelmaker Evraz plunges in value as sanctions spark investor exodus February 28, 2022 Shares in Russian steelmaking giant Evraz plunged over 20 per cent this morning as Western sanctions sent the Russian economy into chaos, with the rouble falling over 28 per cent.
Pension fund calls on Unilever to overhaul health performance February 28, 2022 One of the UK’s largest pension funds has joined a campaign to push consumer goods giant Unilever to focus more on health targets, after it came under fire from investors last month for lacklustre health performance.
Distribution giant Bunzl reports slip in profits despite boost in revenues February 28, 2022 Distribution giant Bunzl reported a slip in profits today despite revenues rising 1.7 per cent, as its food and retail divisions rebounded from a pandemic slow down.
GlobalData reports boost in profits to £32.5m as growth plans pay off February 28, 2022 International data and analytics firm GlobalData reported a rise in profits to £32.5m today as it begins to reap the rewards of a major growth plan laid out in 2020.
A million Brits living in the EU to be stripped of pre-Brexit rights February 26, 2022 British nationals living in the EU are to be stripped of the benefits of EU citizenship now the UK has left the bloc, the European Court of Justice has been advised.
Boots bidders mull pension scheme options as Walgreens looks to spin off chain February 25, 2022 Private equity firms readying bids for high street chemist Boots are grappling with how to deal with the firm’s major pension liabilities, according to reports.
