London shunned for IPOs as firms head abroad March 23, 2022 London is headed for its weakest quarter for IPOs in thirteen years as market turbulence gives investors the jitters and UK firms shun the capital following a series of high profile flops.
UK ‘not protected from economic consequences’ of Russia sanctions, say MPs March 23, 2022 An influential Westminster committee has claimed the British economy is “not protected from the economic consequences” of western sanctions against Russian oil and gas, and that Rishi Sunak must bring forward help to the country’s lowest earners. A report from the Treasury Select Committee said the UK government was “right to insist” on wide-ranging sanctions [...]
Total severs Russian oil supply contracts March 22, 2022 French oil giant TotalEnergies said it would cut off the Russian gasoil and crude oil supply contracts for its German refinery today.
Britcoin not expected until at least 2025, says BoE March 22, 2022 A digital currency backed by the UK's central bank (CBDC) will not be rolled out until 2025 at the earliest, a Bank of England grandee has revealed.
Exclusive: Sanctioned Russian bank to vote in City of London Corporation election March 22, 2022 Russia’s second largest bank VTB Bank will get a share of votes in the City of London Corporation election on Thursday, despite being severely sanctioned by the UK government. The powerful local authority allows businesses located in the City to have a certain number of votes, depending on how many staff they have, as only [...]
London Metal Exchange says it has no plans to shut out Russian metals March 22, 2022 The London Metal Exchange said it has no plans to block trading metals from Russian producers despite pressure to clampdown.
Journalist has right to protect Birmingham pub bombing source, judge says March 22, 2022 A British judge has said a prominent journalist is within his rights not to hand over information that could identify the person responsible for the Birmingham pub bombings. Former MP Chris Mullin is under no obligation to hand over notes for an interview with a person who claimed to be responsible for the Birmingham explosions [...]
P&O Ferries to pay £36.5m compensation to workers affected by layoffs March 22, 2022 P&O is set to pay a total of £36.5m to workers who were fired last week in a four-minute video call. The company said that 575 of the 786 seafarers affected by the job cuts are expected to progress with the severance offer, which in some cases amounts to £170,000 per person, Sky News first [...]
Oil rally stalls as EU remains split on sanctions March 22, 2022 Oil prices stumbled today as the prospect of an EU embargo on Russian oil faded - while the dollar also strengthened in the US.
CAA board member steps down over IAG conflict of interest March 22, 2022 A member of the Civil Aviation Authority (CAA) was forced to step following a conflict of interest, the aviation regulator announced yesterday. A former British Airways’ (BA) director of engineering, Garry Copeland resigned after a CAA audit of the members’ financial interest found he was holding some shares in BA’s parent company IAG instead of [...]
