Germany to phase out Russian oil supplies as West piles pressure on Russia April 20, 2022 Germany has announced it will stop importing Russian oil by the end of the year, as the West ramps up pressure on the Kremlin.
FCA allows UK firms to exclude trans women from gender diversity targets April 20, 2022 The City regulator will allow UK firms to choose whether they use sex or gender as the basis for reporting on workplace diversity.
The City View: Netflix stock plummets, and Interactive Investor’s Richard Hunter on “easy money” decade, strong UK markets April 20, 2022 Today Andy Silvester talks to Richard Hunter, Head of Markets at Interactive Investor. They go through strong UK market performance; US indices — Netflix woes, and the NASDAQ’s near 13% dip this year; and the “easy money” economy this past decade, and how going forward young traders might be seeing lower returns on their investments [...]
Steepening yields boost London-listed banks April 20, 2022 Financials led the way in the City today as a steepening in global yields boosted sentiment to banks and fund managers. London’s premier FTSE 100 index climbed 0.37 per cent to 7,629.22 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, closed 0.58 per cent [...]
Russia considers taking $1.3bn from wealth fund to recapitalise Aeroflot April 20, 2022 Russia is considering taking $1.3bn from its national wealth fund to recapitalise Aeroflot. According to Moscow sources, the wealth fund will buy Aeroflot’s new share issue through an open subscription and spend an additional $690.9m in equity stakes to help other struggling carriers. As a result of the new issue, the Kremlin’s stake will need [...]
Passengers enraged after Wizz Air flight lands in Sheffield instead of Gatwick April 20, 2022 Passengers were left enraged after a Wizz Air flight landed in Sheffield, 200 miles away from scheduled destination of London Gatwick. Travellers took it to Twitter to complain about the low-cost carrier after a flight from Tel Aviv departed three hours late. Before take-off, passengers were told the plane would land in Luton instead of [...]
Elon Musk blames ‘woke mind virus’ for making Netflix ‘unwatchable’ April 20, 2022 Elon Musk has slammed Netflix as "unwatchable" after shares tumbled by more than a third on news subscribers are jumping ship.
Latham & Watkins asks to drop sanctioned VTB Bank in lawsuit over downed flight MH17 April 20, 2022 Los Angeles law firm Latham & Watkins has asked for permission to drop Russia’s state-owned VTB Bank as a client, in a lawsuit over claims the sanctioned bank funded the militia group that shot down Malaysia Airline Flight 17. In a filing to a New York court, Latham & Watkins asked for permission to withdraw [...]
Netflix shares tumble after earnings last night April 20, 2022 Netflix shares fall nearly 25% after the company reported a drop in subscribers. What happened after Netflix’s reported earnings? In extended trade last night, Netflix saw its shares tumble by a quarter of its entire value. Almost 25% was wiped off the share price in extended trade on the IG platform last night as a [...]
Muslim dating app Muzmatch loses trademark battle with Tinder owner April 20, 2022 The firm behind Tinder and Hinge has won a court battle with a British dating app for Muslims Muzmatch after it was accused of copying its product.
