US issues seizure warrant for two planes ‘owned and controlled by Roman Abramovich’ worth £320m June 7, 2022 The United States has issued a warrant for the seizure of two jets owned by Roman Abramovich worth £320m ($400m). The ex-Chelsea owner’s $350m Boeing and $60m Gulfstream are now “subject to seizure and forfeiture” owing to violations of export controls set up by Joe Biden, to put pressure on Russia. Both planes were flown [...]
Oil markets volatile as Saudi Arabia hikes crude prices June 7, 2022 Oil prices continued to hover around the $120 milestone, after Saudi Arabia raised its July crude prices amid tightening supplies.
Woodside expands vision with new London listing and BHP merger June 6, 2022 Woodside has unveiled a secondary London listing, as it expands its business to new markets - with the firm backing gas through the transition.
London Metal Exchange sued by US fund manager over nickel freeze June 6, 2022 The London Metal Exchange (LME) is being sued for a sum worth £365m by a Wall Street hedge fund after the cancellation of nickel trading earlier this year. Fund manager Elliott Associates has filed a claim in the English High Court against the platform and its subsidiary LME Clear. The trading platform suspended nickel trading [...]
Struggling British chip shops beg Norway for more fish as prices are out of control due to Ukraine war June 6, 2022 British chip shops faced with surging costs plan to turn to Scandinavia and Norway in particular for help to keep prices “as under control as possible”. Chippies are battling rising energy bills along with increased costs of cooking oil, potatoes and fish due to Russia’s invasion of Ukraine. The president of the National Federation of [...]
Russian Army bombs Kyiv as Putin issues final warning to Ukraine over US weapons while Lavrov struggles to fly June 6, 2022 Russia issued another firm warning over the use of Western military supplies by Ukraine while it launched fresh strikes on Kyiv as Vladimir Putin stated that any Western deliveries of longer-range rocket systems would prompt Moscow to hit “objects that we haven’t yet struck”. The Russian leader’s threat of military escalation did not specify what [...]
Western IPOs plummet in value as war in Ukraine triggers volatile conditions for businesses June 6, 2022 The value of US and European IPOs has tumbled 90 per cent this year amid conflict in Ukraine, with rising inflation and interest rates.
Kwarteng considers support for steelmakers as rising energy costs bite June 6, 2022 Steelmakers and other industrial manufacturers could be offered financial support from the government to ease spiralling energy costs.
Germany faces €5bn bill after Russia sanctions Gazprom division June 6, 2022 Russian sanctions against Gazprom Germania could cost Germany an extra €5bn a year to pay for replacement gas supplies.
Energy bills to close in on £3,000 per year this winter June 5, 2022 Energy bills could spike to nearly £3,000 per year in the depths of winter, when energy demand will be at its highest, warned Cornwall Insight.