Ukraine hits out at EU decision to unsanction former Arsenal owner Usmanov Sport Business Ukrainian officials have hit out at a European Union decision to remove former Arsenal co-owner Alisher Usmanov from its sanctions list. The Uzbek-born oligarch, who once owned around a third of the current Premier League champions, was stripped of his sanction status alongside Mikhail Fridman – a prominent Russian financier – after a successful lobbying [...]
Burnham to meet Trump amid Iran war’s inflation spike Economics Andy Burnham is set to meet President Donald Trump face-to-face for the first time against the backdrop of the Iran war pushing inflation up to above four per cent within months. On his trip to the United Nations General Assembly in New York, Burnham will meet Trump and several other world leaders. Burnham’s meeting with [...]
Nestlé vows to protect Russian operations despite Putin takeover Retail Nestlé has vowed to protect its Russian business after Vladimir Putin placed the food giant’s operations in the country under external administration. The Swiss maker of Nescafé and Purina said on Friday it was assessing its options after a presidential decree handed control of Nestlé Russia and Nestlé Kuban to Russian firm L.E.V. Management. “Nestlé [...]
First Trust Global Portfolios Management Limited Announces Distributions for certain sub-funds of First Trust Global Funds ICAV September 17, 2026 First Trust Global Portfolios Management Limited (“FTGPM”) announces the declaration of the distributions for the following sub-funds of First Trust Global Funds ICAV (the “ICAV”), ISIN Fund Name Frequency Dividend per Share IE00BWTNMB87 First Trust US Large Cap Core AlphaDEX® UCITS ETF Class B Quarterly 0.1983 (USD) IE00BWTNM966 First Trust Germany AlphaDEX® UCITS ETF Class [...]
Bank of England holds interest rates and overhauls bond sale programme September 17, 2026 The Bank of England has kept interest rates on hold at a sixth consecutive meeting, but warned that they were likely to rise at future meetings unless the threat to energy markets posed by the Iran war begins to ease. The central bank’s Monetary Policy Committee voted six to three to leave rates unchanged, in [...]
Bank of England under pressure to raise interest rates or risk ‘losing credibility’ September 16, 2026 The Bank of England is facing mounting pressure to raise interest rates on Thursday amid a global bond market rout fuelled by concerns over runaway government borrowing and sticky inflation. Investors told Threadneedle Street it was “essential” to rein in prices before the energy shock triggered by the Iran war spreads through the economy and [...]
As it happened: FTSE 100 slides as oil and AI weigh on markets September 15, 2026 Welcome back to the City AM liveblog. Investors were met with a volatile start to the week after rising tensions around oil and AI dampened market mood. Brent crude – the international benchmark for oil prices – held above $107 per barrel on Tuesday morning after worries around global supply ramped up on Monday. Saudi [...]
Rocco Forte Hotels’ Russian outpost pays out bumper dividend September 15, 2026 The ring-fenced Russian arm of Rocco Forte Hotels has paid its shareholders a dividend worth more than £3m, despite the luxury hospitality chain being accused of bankrolling Putin’s war machine in Ukraine by maintaining operations in Russia. Astoria Hotel Joint Stock Company – the holding group for Rocco Forte Hotels’ Russian portfolio – distributed £3.2m [...]
Burnham bounce? Business confidence tells a different story September 9, 2026 Labour may be improving in the polls under Andy Burnham, but overall support for the party is still very low. Economic confidence tells a similar story, says Paul Ormerod Both in the opinion polls and in local authority by-elections, there is clear evidence of a “Burnham bounce” for Labour. But in historical terms, support for [...]
Tax crackdowns means high net worth Brits continue to mull UK exit September 9, 2026 UK millionaires continue to keep their options open with a high percentage having considered leaving the UK over high taxes, according to a survey, deepening fears that the government has relied too heavily on the wealthy to boost receipts and fund higher expenditure. An in-house survey by the Wealth Club, which provides advice to rich [...]