Moscow Stock Exchange reopens for first time in nearly a month March 24, 2022 The Moscow Stock Exchange partially reopened today after trading in shares was frozen for more than three weeks as authorities tried to avoid a collapse in Russian equity prices. Shares actually rose after trading resumed, with Moscow’s benchmark index closing up over four per cent. The index is still down around 30 per cent over [...]
Watch the dramatic moment a Russian ship goes up in flames after a Ukrainian strike March 24, 2022 Dramatic footage has been shared on social media reportedly showing the moment a Russian landing ship burst into flames. Ukraine’s navy shared a short clip on Twitter showing the vessel after being hit by the Kyiv’s forces in the port city of Berdyansk. The ship, called the Orsk, was according to the Telegraph an Alligator-class [...]
Hundreds of Knights’ worker opted into share options scheme as stock price plummets March 24, 2022 Shares in listed law firm Knights Plc continued to plummet today, as it emerged that hundreds of Knights’ workers had agreed to buy shares at more than double their current price, after opting into an employee ownership scheme. A total of 524 employees opted into Knights’ Save As You Earn scheme, which offered company employees [...]
TfL: Northern Line’s Bank branch should be up and running ahead of May reopening of station March 24, 2022 Transport for London (TfL) announced today that works on the Northern line’s Bank branch were on time for the line’s reopening in mid-May. Part of the Bank Station Capacity Upgrade project, the works aim to increase capacity at Bank and Monument stations by 40 per cent. “We are on track, we had few good progress [...]
Spring statement: Record fall in living standards under current parliament March 24, 2022 UK living standards will fall quicker over the course of this parliament than any other since records began, reveals fresh analysis released in the wake of chancellor Rishi Sunak’s spring statement. The typical non-retired household is forecasted to be two per cent worse off by the time of the next election in 2024, according to [...]
PM urges West to sanction Russian gold reserves as NATO warns of chemical weapons use March 24, 2022 Prime minister Boris Johnson has urged the West to press sanctions on Russia’s gold reserves, as NATO warns that the Kremlin-controlled state may be trying to create a climate for chemical weapons use. Johnson doubled down on his stance that the country had already “crossed a red line” during its unprovoked invasion of Ukraine, again [...]
Total value of Russian-linked assets frozen by the UK at £500bn March 24, 2022 The value of UK assets seized from individuals and organisations with links to Russia now stands at £500bn. Foreign Secretary Liz Truss made the announcement on Thursday, as 65 more targets for asset freezes were hit by the UK government. Among the key individuals and firms hit by the latest round of sanctions, are the [...]
Bank of England reconsiders plans to hike banks’ capital buffer March 24, 2022 The Bank of England is reassessing plans to hike banks’ capital requirements in the second quarter of this year due to the financial shocks of war in Ukraine.
British lawyers are being scapegoated for horrors in Ukraine, Law Society says March 24, 2022 The Law Society has claimed “British lawyers” are being turned into “scapegoats” for Russia’s invasion of Ukraine. In a letter to The Times, Law Society president I. Stephanie Boyce said lawyers have been “singled out” for their involvements with Russia, as she argued they have become scapegoats for the “horrors in Ukraine.” In response to [...]
City A.M. Awards 2022: Insurance Company of the Year March 24, 2022 The City is back, and so are the City A.M. Awards, recognising the best of the Square Mile, Canary Wharf and London’s business community – which has shown shown resilience, innovation and adaptability like never before over the past year. We’re delighted to host what will be a wonderful celebration of the capital’s rebound, but [...]
