Ukrainian activists try to block Abramovich’s £450m superyacht from mooring at Turkish port March 22, 2022 A group of Ukrainian activists – including at least five children – people attempted to stop sanctioned Russian billionaire Roman Abramovich’s £430m yacht from mooring in a Turkish port. The luxury vessel called Solaris was confronted in the resort of Bodrum by a rubber dingy filled with children and teens, holding Ukrainian flags with the [...]
Recorded music revenue grew 18 per cent last year with streaming leading the way March 22, 2022 The global recorded music market grew by 18.5 per cent last year, driven largely by paid subscription streaming.
Flybe sets April as restart date with half a dozen routes serving capital’s airports March 22, 2022 Flybe announced today it will restart operations from mid-April, more than two years after its collapse. The regional carrier said that, starting from 13 April, it will operate up to 530 flights per week across 23 routes, serving airports such as Belfast City, Heathrow and Birmingham. “We think our new flights will benefit everyone who [...]
City A.M. Awards 2022: Innovative Company of the Year March 22, 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 [...]
Bosses at UK arm of Russian energy giant Gazprom seek to buy it out as insolvency looms March 22, 2022 Bosses at the UK arm of Russian energy giant Gazprom have made a bid to buy it out, as sanctions against its parent company threaten to make it insolvent. Manchester-based Gazprom Energy, which supplies more than a fifth of gas used by UK companies, has been left just days from needing a government bailout through [...]
Households turn to solar panels and smart meters to tackle rising energy bills March 22, 2022 Solar panels and smart meters have gained traction with households hoping to cut energy bills, according to search data from eBay UK.
Russia re-registers 800 aircraft amid anti-sanctions campaign March 22, 2022 Russia said today it has re-registered 800 aircraft after President Putin signed a law last week which allows Russian carriers to take ownership of foreign-leased planes. The news comes on the same day Moscow said 78 of its aircraft were impounded by foreign governments. “(We have) lost 78 planes,” said Russian transport minister Vitaly Savelyev. [...]
M&A Deals in Turkey & the Middle East: Increasingly Digital March 22, 2022 How is increased digitization impacting M&A in the Middle East and Turkey? Some experts in the region recently met to discuss this issue. And it appears that tech is on the up, in terms of deals and dealmaking, along with general optimism for M&A there. A strong M&A market Last year, MENA M&A activity reached [...]
Wates Group marks highest ever operating profit in 125-year history March 22, 2022 Construction firm the Wates Group has posted its highest ever operating profit of £40m, thanks to booking new projects last year. The family-owned firm said it secured £2.3bn of new work during 2021 and ended the year with a record forward order book of £7.1bn – up seven per cent from a previous record in [...]
Khan: Met needs change ‘at highest levels’ in wake of damning corruption report March 22, 2022 Sadiq Khan has vowed to change the Metropolitan Police at “the highest levels” in response to a damning report into police corruption, with the mayor putting the force’s leadership on notice. The London mayor said the “Met leadership simply must do more” to combat corruption, while also appearing to blame them for the fact that [...]
