Spectris abandons Oxford Instrument takeover bid amid Ukraine conflict volatilty March 7, 2022 UK precision equipment manufacturer Spectris announced it had abandoned its takeover bid for microscope-maker Oxford Instruments today, citing the market volatility sparked by Russia’s invasion of Ukraine.
Missguided mulls HQ job losses after rescue deal March 7, 2022 Fast fashion retailer Missguided has made a move to slash “a number of roles” at its head office in Manchester. The beleaguered firm had secured a rescue deal at the end of last year, with Alteri Investors snapping up a 50 per cent stake in the firm and acquiring its debt. Missguided then began a [...]
Making it online as an artist – and into the metaverse March 7, 2022 It's a difficult ascent to making it as a digital artist on the way to the metaverse, so Kritarth Chhabra and Jakob Seeger made Lemonade.
Hong Kong Covid-19 death rate hits world’s highest March 7, 2022 Hong Kong’s Covid-19 death rate is now the highest in the world, according to new calculations today, as the city’s residents struggle under tough restrictions. The city has adopted Beijing’s controversial ‘zero-Covid’ stance, which pushed the US to caution against travelling to the financial hub last week. Hong Kong’s weekly rolling average climbed to 27 [...]
Ukraine crisis highlights Europe’s dependency on Russian gas March 7, 2022 Russia is currently facing the ire of the world following its illegal invasion of Ukraine, which is bringing misery to millions. It is also the second largest producer of natural gas in the world. It serves European consumers of energy through a number of pipelines. Proximity and the ease of transport means supplies from the [...]
Itsu hopeful of return to pre-pandemic sales growth this year March 7, 2022 East-Asian inspired fast food chain Itsu has said it is confident it will return to like-for-like sales growth this year. In documents filed to Companies House last week, the high street chain posted its financial accounts for the period ended 31 December 2020. Group revenue hit £61.7m for the period, which was marred by Covid [...]
Gold smashes $2000 barrier as investors rush for steady ground March 7, 2022 Gold prices surged to their highest level since August 2020 today as investors rushed for steady ground amid another day of global market turmoil.
Gas prices soar to £8 per therm as West weighs up sanctions targeting Russian energy supplies March 7, 2022 Natural gas prices in the UK and Europe have rocketed from already-record highs, peaking at a staggering £8 per therm earlier today.
Seraphim Space appoints UBS and HSBC finance veteran as COO March 7, 2022 Seraphim Space has appointed a former UBS director as its new chief operating officer, as the space technology fund manager looks to broaden its horizons following significant growth. Sarah Shackleton, who joins from London-based private equity firm Development Partners International (DPI) where she was partner, brings veteran-level experience to the role after being embedded in the [...]
Russia to be hit harder than West from impact of sanctions on trade March 7, 2022 Russia will be hit harder in the long term than the West from the impact of sanctions on global trade, said German think tank the Kiel Institute for World Economy. According to a model simulation published alongside the Austrian Institute of Economic Research (WIFO), a trade war with the West – US and Europe – [...]
