13m illegal cigarettes seized from UK streets as black market booms March 9, 2022 Investigators have seized over £7m worth of cigarettes over the past year, as the government cracks down on illegal tobacco trade on the streets. Across England and Wales, 13 million cigarettes and 4,300 kilos of hand-rolling tobacco have been seized by authorities. The operation, conducted by HM Revenue and Customs staff, Border Force officials, police [...]
London consumer tech firm bags $70m to pump into product design March 9, 2022 London-based earphone maker Nothing has bagged a $70m funding round today to pump into product development as it opens up a new design hub in the capital.
Eversheds Sutherland pledges to fully exit Russia as law firms face pressure to cut ties March 9, 2022 Anglo-American law firm Eversheds Sutherland has said it will completely cut its ties to Russia, as law firms face mounting pressure to sever all links they have to the country in response to Russia’s invasion of Ukraine. In a statement, Eversheds said the firm had decided that it will “no longer have a presence in [...]
Evraz denies Kremlin ties and downplays effect of sanctions March 9, 2022 Evraz has revealed it is "deeply concerned and saddened" by conflict in Ukraine, and hopes a peaceful resolution will be found.
Huawei UK directors quit over firm’s silence on Russian invasion March 9, 2022 Two British board members of Huawei’s UK subsidiary are set to resign over the Chinese telecoms giant’s refusal to condemn Russia’s invasion of Ukraine. As first reported by Mark Kleinman for Sky News, Sir Andrew Cahn and Sir Ken Olisa notified the company today that they intend to step down from their positions as non-executive [...]
Energy giants pump £75m into offshore wind schemes following UK ban on Russian oil imports March 9, 2022 Two energy giants will pump £75m into offshore wind projects, which could light 8.5m homes, as Britain looks to wean itself on dependence for Russian oil. ScottishPower and Shell have set aside the cash stimulus for initiatives to improve clean energy, after the duo were awarded rights to develop floating wind projects off the country’s [...]
Russian government rolls back intellectual property rights in response to Western sanctions March 9, 2022 The Russian government is pushing forwards with plans to undermine intellectual property rules and reverse the rights of Western patent holders, in an effort to counter the impacts of Western sanctions. The Russian government this week said Russian companies have no obligation to pay patent holders from countries that sanctioned Russia for use of their [...]
Investors hunt for bargains amid global market turmoil March 9, 2022 Investors have piled into flagging equities in the past week as they hunt for bargains amid the market turmoil sparked by Russia’s invasion of Ukraine.
Gatwick reduces pandemic losses following strong end to 2021 March 9, 2022 Gatwick has reported that despite ever-changing travel restrictions, the last few months of 2021 helped the airport reduce its annual losses by 25.6 per cent. In the year ended 31 December, the London hub shrank its pandemic-induced losses from £465.5m to £370.6m, while its EBITDA remained at a negative £26.3m because of the reduced passenger [...]
SIGNA Sports United leads investment in UK firm Buzzbike  March 9, 2022 Sports e-commerce and tech platform SIGNA Sports United has taken a stake in UK bike subscription service, Buzzbike, as part of its platform expansion strategy. Within the new partnership, Berlin-based SIGNA Sports United (SSU) will support Buzzbike’s bike development and become its exclusive bike supplier. The London start-up Buzzbike offers a monthly membership package, which includes a [...]
