Commodities boom weighs on London’s top indexes March 3, 2022 London’s top indexes plummeted yesterday as investors ditch assets with exposure to the economic fallout of the Russia-Ukraine conflict and pour into commodities as prices continue to surge. The capital’s premier FTSE 100 index plummeted 2.57 per cent to 7,238.85 points, while the domestically-focused FTSE 250, which is more aligned with the health of the [...]
Germany rules out energy sanctions on Russia amid spiralling gas prices March 3, 2022 Germany has ruled out the prospect of oil and gas sanctions, with economy minister Robert Habeck warning against the measures.
The City View: Russia advance, and CEO of Latvian unicorn Printful on supply chains and the environment March 3, 2022 Today Andy Silvester chats to Davis Siksnans, CEO of dropshipping company Printful.com, about how and why the business got started; its growth during the pandemic; supply chain issues; why dropshipping can be more environmentally friendly than traditional methods of product fulfilment; and UK expansion. Andy also goes through the news — Russia advance in Ukraine, [...]
Citigroup unsure about future of Ukraine operations as cyber attacks loom March 3, 2022 Citigroup’s chief executive Jane Fraser is unsure about the future of the group’s Ukraine operations following the Kremlin’s invasion. The bank, which has helped some of its Ukrainian staff evacuate from the country, said today some employees have remained to help clients in the country but it’s not clear how long they will be able [...]
Private Equity in EMEA: Big and bigger? March 3, 2022 M&A saw record-breaking levels across the globe in 2021. And PE activity in the EMEA region has been similarly spectacular. Will it last?
Pubs face extra £800m in energy bills with bosses bracing for cocktail of hiked costs this spring March 3, 2022 Pubs have reported £800m in additional energy bills, with hospitality bosses warning suppliers are refusing to ink new contracts with venues. Firms have reported energy bills ballooning 150 per cent compared to pre-pandemic energy bills, with an average above 100 per cent. The British Beer and Pub Association (BBPA) said its members had reported that [...]
Lufthansa’s shares go down as airline says it has no plans for majority stake in ITA March 3, 2022 Lufthansa’s shares have gone down 8.09 per cent today as the German carrier announced it has no plans to gain a majority stake in Alitalia’s successor ITA. Chief executive Carsten Spohr told investors today not to worry about the takeover, as owning a majority stake in ITA is “far away” from his intentions. “We know [...]
Ukraine cancels airdrop and plots launch of NFTs March 3, 2022 Ukraine's government has cancelled a planned airdrop and will instead sell NFTs to support the resistance to Russia's invasion.
Aviation software company Sabre cuts ties with Russia’s Aeroflot following Ukraine invasion March 3, 2022 Aviation software company Sabre announced today it has cut ties with Russian airline Aeroflot following Moscow’s invasion of Ukraine. The Texas-based group said it has terminated its distribution agreement, removing Aeroflot’s content from its global distribution system – which is used by global travel agencies and websites to book and service flight reservations. “We are [...]
Analyst toasts death of Russian stock market live on Moscow TV March 3, 2022 A financial analyst today toasted the death of Russia’s capital markets live on one of the country’s top business channels. “Dear stock market, you were interesting. Rest in peace, dear comrade,” he said, as he opened a bottle to offer a funeral toast to the country’s financial markets. Moscow’s invasion of Ukraine has sent Russia-exposed [...]
