Exclusive: Unicorn Bank of London announces new deputy chief executive April 14, 2022 A new deputy chief executive has been appointed by the Bank of London, the second clearing bank to launch in the UK within the last 250 years. Tom Wood has joined the technology-based company which landed with a bang last year, being valued at £1.1bn. The first pre-revenue bank to reach unicorn status upon entering [...]
Power stations could be paid to switch off during Queen’s Platinum Jubilee celebrations April 14, 2022 The National Grid could have to pay for power generators to turn down energy supplies during the Queen’s Platinum Jubilee celebrations.
Reckitt Benckiser begins process to ditch Russian arm April 14, 2022 Reckitt Benckiser has started the process to offload its Russian business, following the country's invasion of Ukraine.
Sweden and Finland consider Nato application to deter Russia, as Estonia asks for more troops April 14, 2022 Russia’s invasion of Ukraine has “dramatically shaped mindsets” of people in Nordic states when it comes to applying for Nato membership, Finland and Sweden’s prime ministers have suggested this week. Finland’s premier Sanna Marin said the country would need to decide “quite fast, in weeks not months”, if it would join the military alliance, amid [...]
New York: Police arrest man suspected of subway station shooting after manhunt April 14, 2022 Police in New York have arrested a man suspected of injuring 23 people in a shooting at a subway station. The man was arrested on a federal charge of violently attacking a mass transportation system, after a manhunt following the incident on Tuesday. Frank Robert James, 62, was taken into custody in lower Manhattan on [...]
Wizz Air forecasts up to €652m loss after Covid rules and war in Ukraine dent air travel demand April 14, 2022 Budget airline Wizz Air said it anticipates a net loss of between €652m and €632m, as air travel demand was restrained by Covid and war in Ukraine. The airline anticipated a reported net loss for the full year while its fourth quarter operating result is expected to be within a range of a loss of [...]
Petropavlovsk considers subsidiary sales amid financial pressure and sanctions April 14, 2022 Troubled Russian gold producer Petropavlovsk has confirmed it is considering the sale of operating subsidiaries.
Grocers see more than £1bn wiped off value after Tesco profit warning April 14, 2022 Supermarkets had a total of more than £1bn chipped off their market value on Wednesday, after a warning over inflationary pressures from Tesco. Grocers including Ocado and Sainsbury’s suffered poor performances on Wednesday, after Tesco warned that profit could be hammered by rising costs and shifts in shoppers’ behaviour. Ocado took a hit on the [...]
Russia’s flagship vessel ‘seriously damaged’ and in danger of sinking after Ukrainian missile strike April 14, 2022 A key Russian vessel in its Black Sea fleet was reportedly struck by a missile and is in danger of sinking after being engulfed in flames. The Moskva was said to be on fire after being hit near Odessa on Wednesday night, with AFP saying that in Russian media, it was reported as being “seriously [...]
Dunelm warns of ‘significant headwinds’ but maintains profit guidance April 14, 2022 Dunelm’s boss warned of increasing financial pressures on shoppers but said the company’s variety of products would help it continue to grow. In an update on the London Stock Exchange, the homeware retailer said it hit £399m in total sales in its third quarter. This was up 69 per cent on the year prior, when [...]
