Polymetal shares plummet as troubled miner scraps dividend September 22, 2022 Polymetal shares fell 11.5 percent today after the Anglo-Russian precious metals mining company announced it was scrapping the full-year 2021 dividend due to dwindling cash flows and a lack of new sales channels. It also suggested cancelling the interim 2022 dividends “to allow the Group to strengthen its cash position and enhance its resilience in [...]
Industry body calls for seismic reforms to boost fracking September 22, 2022 The UK's leading onshore energy body has urged the Government to raise the maximum levels permitted for seismic activity involving fracking.
Government finally confirms licensing round for more North Sea projects September 22, 2022 The Government has confirmed its support for North Sea oil and gas licensing round, which is expected to be launched next month.
Ex Russian president and PM: Nuclear weapons may be used to defend land seized from Ukraine September 22, 2022 Strategic nuclear strikes may be used to defend territories seized by Russia, its former Prime Minister and President Dmitry Medvedev has said. The threat was made on Thursday ahead of referendums due to be held in Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia provinces, about being incorporated into the Kremlin’s reach. This comes after Vladimir Putin [...]
Uniper reaches deal with Government to keep coal plant open over winter September 22, 2022 Uniper has secured an agreement with the Government to extend the life of its remaining unit in Nottinghamshire.
Backing fracking: Government lifts ban to boost energy security September 22, 2022 The Government has officially lifted the lifted the moratorium on fracking in England, paving the way for further shale gas generation.
London breezes past European rivals to retain finance hub crown September 22, 2022 London has breezed past its Continental rivals to retain the title of Europe’s top financial hub, research shared exclusively with City A.M. today shows. The capital’s deep highly-skilled talent pool helped drive it to the top of the European rankings in the 32nd edition of Z/Yen’s global financial centres index (GFCI). The Square Mile has [...]
RAC calls on Big Four supermarkets to pass on savings to customers September 21, 2022 Motoring group RAC has accused the Big Four supermarkets of failing to pass on drops in wholesale costs to drivers.
What are the key factors that can sink M&A? September 21, 2022 2021 saw booming markets and the release of capital from investors that had built up during the pandemic. It was a record-breaking year for mergers and acquisitions (M&A) activity. This year, circumstances are quite different. Economies are now dealing with geopolitical issues like the Russia-Ukraine war, rising inflation and interest rates, and declining company valuations, [...]
Oxford Street candy stores to face tougher rules amid claims of ‘dirty money’ and tax evasion September 21, 2022 Westminster Council will come down hard on its so-called ‘dirty money’ problem, zeroing in on US-style candy stores in Oxford Street. A motion will be passed this evening as 30 confectionary shops are under investigation for business rates evasion totalling £3m. The council leader said the war in Ukraine highlighted Russian oligarch investment in Westminster, [...]