Kremlin gets ready to annex four regions of Ukraine on Friday September 29, 2022 Press Association Russia on Friday will formally annex occupied parts of Ukraine where it held Kremlin-orchestrated “referendums” in which it claimed that residents had voted overwhelmingly to live under Moscow’s rule. The Ukrainian government and the West have denounced the ballots as illegal, forced and rigged. Russian President Vladimir Putin will attend a ceremony on [...]
H&M to trim costs by £160m after profit dented by Russia exit September 29, 2022 H&M has said it is looking to slash costs to the tune of £160m after posting weaker than expected quarterly profit. The second largest apparel retailer saw its share price sink by almost four per cent on Thursday afternoon, after revealing a cost-cutting blitz in its third quarter results. For the June-August period, pre-tax profit [...]
Nuclear industry group encourages EDF to extend life of power plants September 29, 2022 The Nuclear Industry Association has welcomed EDF's intention to extend the lifespan of two of its domestic nuclear power projects.
M&G names former Axa boss Andrea Rossi as CEO September 29, 2022 M&G has appointed Andrea Rossi as its next chief executive and executive director, joining from Boston Consulting Group.
Nord Stream explosion signals challenging winter for Europe September 28, 2022 Experts warned the Nord Stream crisis could beckon future unpredictability across Europe, warned experts.
Gas prices spike 30 per cent amid Nord Stream pipeline explosions September 27, 2022 Gas prices have skyrocketed this afternoon, following reports of explosions at the sites of reported leaks in the Nord Stream pipeline.
Russians flee en masse to escape Putin’s mobilisation with few flights out of Moscow costing £10,000 September 27, 2022 Tens of thousands of Russians are fleeing their country to escape the mass military mobilisation that is currently underway. As a result, international flights out of Moscow now cost more than £10,000 per seat for a single ticket. The Kremlin ordered last week that up to 300,000 reservists across Russia should report for duty in [...]
North Sea body backs easing climate rules for oil and gas amid green fury September 27, 2022 Offshore Energies UK has supported the scrapping of scope three emissions requirements for new oil and gas exploration.
The United Nations’ gathering was an urgent call for our leaders to think bold September 27, 2022 If you noticed the city a little empty of the usual politico, media and business types last week, it wasn’t an extension of the official mourning period. As soon as the ceremonials were complete large swathes of our political class decamped to the United Nations General Assembly, the annual diplomatic circus that takes over the [...]
Former Boots exec in talks to join oligarch linked investment fund LetterOne September 26, 2022 A former executive at the firm that owns Boots is in talks to join the board of Russian oligarch Mikhail Fridman’s Luxembourg headquartered investment vehicle LetterOne. Former Walgreen Boots Alliance co-COO Alex Gourlay is in advanced talks to become a non-executive director at LetterOne after stepping down from the pharmacy owner earlier this year, [...]