Exclusive: Nearly three quarters of UK tech leaders are concerned regulation will halt M&A in 2022 February 28, 2022 New data has revealed that 73 per cent of senior tech, media and telecoms professionals in the UK are concerned about regulatory activity increasing and impacting their ability to carry out deals in 2022.
Exclusive: Electric vehicle fundraiser looks to put some spark into raise efforts February 28, 2022 Electric vehicle (EV) finance business WeFlex has brought in EY to drive its £60m funding effort. A mixture of debt and equity, the funding will be used to help hailing driving companies such as Uber to switch to EV, providing insurance, vehicle servicing and PCO licensing. WeFlex has already raised £2m in equity from investors [...]
Norwegian wealth fund to dump all Russian holdings following Ukraine invasion February 27, 2022 Norway’s $1.3 trillion sovereign wealth fund will drop all its Russian holdings following Russia’s invasion of Ukraine, the prime minister said today. The fund’s Russian assets consist of shares in 47 companies and government bonds worth $2.83bn, the Oslo government said. “We have decided to freeze the fund’s investments and have begun the process of [...]
Editorial: Business should be just business, until it’s much more than that February 27, 2022 ONE assumes it wasn’t supposed to play out quite like this for Vladimir Putin. The Russian President surely anticipated a quick and easy military incursion into Ukraine – a military horribly overmatched, an inexperienced leader, and with the west unwilling to support. It is still so very early, but it does not appear that Putin [...]
Russia-Ukraine conflict to accelerate trend toward de-globalisation, says Goldman Sachs February 27, 2022 The trend toward de-globalisation sparked by the pandemic has been accelerated by the Russia-Ukraine conflict, according to top Wall Street analysts. Countries were already increasingly considering on-shoring supply chains after they were burnt by the Covid-19 crisis disrupting trade flows, according to Goldman Sachs. “No matter where the current crisis goes from here, the damage [...]
Russia central bank pleads with citizens to exercise restraint as lenders brace for SWIFT exit February 27, 2022 Russia’s economy is set to descend into turmoil after an alliance of Western nations over the weekend launched a sweeping set of sanctions to hobble the country’s financial system. The measures prompted Russia’s central bank yesterday to plead with the country’s citizens to exercise calm amid growing concerns among Russian citizens that their money could [...]
Wells Fargo poaches HSBC’s European head of real estate finance February 27, 2022 Wells Fargo has poached HSBC’s European head of real estate finance, as it eyes expansion. Nicola Free, previously a managing director at AIG for over six years, brings over 16 years of experience to the position from across UK and US institutions. Leaving HSBC after more than three years at the banking heavyweight, Free is [...]
EU closes airspace to Russian air traffic February 27, 2022 The EU is closing its airspace to Russian air traffic as part of a new set of measures against the Kremlin’s invasion of Ukraine, European Commission president Ursula von der Leyen said this afternoon. “We are shutting down the the EU airspace for Russians,” she said during a press conference. “We’re proposing a prohibition on [...]
BP ditches stake in Rosneft after Russian invasion of Ukraine February 27, 2022 BP will ditch its near 20 per cent stake in Kremlin-backed energy giant Rosneft, following Russia's invasion of Ukraine.
Analysis: UK more bullish on energy sanctions with EU’s Russian dependency raising supply fears February 27, 2022 The West has ramped up sanctions against Russia but only the UK appears eager to push for new limits to Russian energy supplies.
