Rio Tinto unveils whopping $16.8bn dividend with surging iron ore demand powering profits February 23, 2022 Rio Tinto has paid out a monster $16.8bn dividend to shareholders, the second biggest in the history of the FTSE 100.
Warner Music Group partners with blockchain startup amid gaming push February 23, 2022 Warner Music Group (WMG) is looking to cash in on blockchain based gaming by striking a partnership with Splinterlands.
Co-operative Bank calls in top bankers to explore takeover bids February 23, 2022 The Co-Operative Bank has called in top investment bankers as it begins eyeing up potential acquisition targets and exploring a move to consolidate the UK’s mid-size banking market.
BA South African franchisee Comair forced to make dramatic emergency landing February 23, 2022 A British Airways (BA) flight – operated by Comair – was forced to make a dramatic emergency landing in South Africa following issues with a faulty landing gear. The flight had left the eastern Cape city of East London on Sunday and was headed 476 miles north to Johannesburg, carrying aboard 111 passengers. Not long [...]
MPs call for media watchdog to investigate Kremlin-controlled Russia Today TV February 23, 2022 Foreign Secretary Liz Truss said she thought the media regulator Ofcom would be looking at Russia's state-backed news channel Russia Today, which is broadcast in the UK.
Barclays freezes ex-boss Staley’s bonus until Epstein dispute resolution February 23, 2022 Barclays has frozen all scheduled bonus payments to its former boss Jes Staley until a dispute between he and Britain’s financial regulators over the way he characterised his relationship with sex offender Jeffrey Epstein is resolved. The high street lender said today all bonus payments, which amount to around 70 per cent of Staley’s total [...]
Monsoon and Accessorize eye 20 new stores as fashion brands progress Covid recovery February 23, 2022 The Monsoon and Accessorize group has said it is eyeing 20 new store openings this year, as the fashion group continues to recover from Covid. In results published on Wednesday, the group revealed sales of £196m and EBITDA of £17.4m for the 12 months to 31 December 2021. The firms were acquired by Adena Brands [...]
Oil prices steady as supply fears ease February 23, 2022 Oil prices have stabilised after hitting seven year highs, with the West so far avoiding measures that could hit Russian oil and gas.
City workers jump on micromobility train as Lime rides increase in Square Mile following Bank branch closure February 23, 2022 City workers are jumping on the micromobility train using more and more e-scooters and e-bikes, according to Lime data. Following the closure of the Bank branch of the Northern Line, Lime has registered a 113 per cent increase in e-bike rides and, while e-scooter uptake has gone up 49 per cent. In stations close to [...]
UPS loses $2bn lawsuit against EU for veto on TNT offer February 23, 2022 Logistics giant UPS has lost a $2bn lawsuit against EU regulator after the bloc rejected its takeover proposal of Dutch rival TNT. The EU Commission had in 2013 stopped the $5.9bn acquisition on the grounds that UPS didn’t offer enough reassurances to claims that the merger would hinder consumer’s choice. The group then decided to [...]
