Russian miners to get the boot from FTSE 100 March 1, 2022 Russian miners are set to be booted from London’s top index tomorrow as a rapid investor sell off since Moscow invaded Ukraine has sent their shares spiralling. Evraz, which has operations in Russia and Ukraine, has had more than 80 per cent shaved off its share price since the start of the year, with around [...]
Crypto exchanges refuse to ban Russian users as rouble trading surges March 1, 2022 Crypto exchanges are resisting calls for a blanket ban on Russian users despite a surge in rouble trading volumes.
Sainsbury’s to shut 200 cafes as it eyes more Starbucks in stores March 1, 2022 Sainsbury’s has announced it will close 200 cafes in its stores this year as it attempts to rival discount retailers. The supermarket said 200 Sainsbury’s cafes will close to customers in the spring this year while it will roll out 30 food halls and 30 Starbucks cafes. Around 2,000 staff will be impacted by the [...]
UK private schools told not to accept fee payments from Russia March 1, 2022 The group that represents Britain’s private schools has told its members not to take fees from Russia. The Independent Schools Council (ISC), a lobby group that acts on behalf of more than 1,300 private schools, warned its members that they may face legal issues if they accept payments from any individual or entity that has [...]
Aviation expects numbers to exceed pre-pandemic levels in 2024 March 1, 2022 The aviation industry expects traveller numbers to exceed pre-pandemic levels starting from 2024. According to a forecast by the International Air Transport Association (IATA), overall numbers will reach 4 billion in 2024, 103 per cent up on 2019 levels. Even though the impact of Omicron has caused a slight shift in near-term recovery predictions, the [...]
UK bars refuse to sell Russian vodka in show of solidarity to Ukraine March 1, 2022 Several bar operators have said they will not serve Russian vodka amid the Russian invasion of Ukraine. Businesses including London Cocktail Club-operator Nightcap Group and Arc Inspirations said they were removing Russian vodka and other alcohol brands from their sites. Bosses said they wanted to show solidarity with Ukrainians caught up in the unfolding conflict. [...]
Purton to ruin Moreira’s hopes of Blissful return to the Valley March 1, 2022 IT WAS good to see Joao Moreira back in the saddle after a six-meeting suspension at Sha Tin last Sunday, although his fan club would have hoped for better results. No wins from 10 rides would have had his many thousands of supporters, who once famously likened him to a Hong Kong ATM cash-point machine, [...]
Expect more Valley fireworks from in the Zone Teetan March 1, 2022 BANK ON ‘Mauritian Magician’ Karis Teetan to continue his run of good fortune when racing gets underway with an exciting nine-race programme at Happy Valley. The never-say-die pilot accumulated half a dozen winners from just 19 rides last week, highlighted by a winning four-timer at the Valley last Wednesday. Teetan is a confidence jockey and [...]
Airspace closures hit air cargo operations leading to more supply chain issues March 1, 2022 The Ukrainian conflict has hit air cargo operations worldwide, creating even more supply chain issues, analysts and companies said. Following the EU’s decision to close its airspace to Russian aircraft and the Kremlin’s retaliation, both passenger and cargo routes have been severely disrupted. Some of the biggest airlines in Europe – including Lufthansa, Air France-KLM [...]
City minister John Glen outlines changes to ‘liberate businesses’ from EU regulations March 1, 2022 City minister John Glen has said his changes to EU financial services regulations will “liberate businesses” in the UK as he further outlines his package of reforms. Speaking to the Association of Financial Markets in Europe today, Glen said the post-Brexit changes “will remove unnecessary duplication and red tape for firms that want to raise [...]
