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 [...]
Explainer-in-brief: Safety in numbers lures Nordics to Nato April 14, 2022 Finland’s Prime Minister said yesterday the country would decide “within weeks, not months” if the nation would apply for Nato membership. Sweden is expected to follow swiftly as the war in Ukraine forces the Nordics to look at their allies. In Finland, a margin of six to one voters backed membership of the defensive alliance. [...]
City Moves: Who’s switching jobs in the Square Mile? April 14, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Brunswick Advisory group Brunswick has bolstered its cybersecurity and data privacy practice with a new partner in London. Nicola Hudson was most recently the director of policy and communications at the UK National Cyber Security Centre. The [...]
Ed Warner: Docuseries triumph may drive wedge between media and sport April 14, 2022 “Please please please please just go away!” The letter writer signed off with his PS in green ink, only months into my stint as chair of UK Athletics in the days before tweets were a thing. I wish I’d kept it, the only time I’ve seen green ink scrawled in cliched anger. Sports leaders are [...]
How accountancy can help advance the global economies of tomorrow April 14, 2022 Society’s expectations of business and governments have shifted with speed and intensity. This has been driven by the profound impacts of Covid-19, compounded by deeply alarming threats to peace and prosperity from the war in Ukraine and conflict elsewhere. The humanitarian cost is devastating, while economic growth, public debt and wellbeing have all been adversely [...]
