UK oil and gas firms dish out £2.2bn dividends after bumper profits April 27, 2022 London-listed oil and gas firms dished out bumper dividends in the first quarter of the year as profits surged on the back of soaring commodity prices.
Sanctions are having ‘profound’ impact on London insurers, expert tells MPs April 26, 2022 The sanctions imposed on Russia are having a “profound” impact on London’s insurance sector, a leading insurance expert has told MPs. London insurers are struggling to keep on top of complex sanctions legislation and have resorted to taking an extremely cautious approach, the insurance chief said. “The volume of the legislation that’s been coming [...]
Chelsea: End in sight as remaining bidders set out final pitches for club April 26, 2022 The final three bidders in the race to purchase Premier League outfit Chelsea are in London to make their final pitches for the Blues. Todd Boehly – co-owner of the LA Dodgers baseball team – and his consortium set out their stall on today with the other two pitches – headed up by former Liverpool [...]
BMW halts train deliveries to China due to Ukraine war April 26, 2022 BMW has halted its train shipments from Germany to China via the Trans-Siberian railway as a result of the Ukraine war. Alongside Audi, the world’s largest manufacturer said it was now delivering the goods via sea. “BMW has stopped all train transport through Russia immediately after the beginning of the war,” said a BMW spokesperson. “Exports [...]
German energy firms risk being nationalised as cabinet backs emergency measures April 26, 2022 Germany's government could soon have the power to seize ownership of energy companies to secure supplies in the event of an emergency.
PepsiCo swallows nearly $500m in charges after Russia invades Ukraine April 26, 2022 Beverage maker PepsiCo has taken a hit of nearly $500m in charges relating to Russia’s invasion of Ukraine. The soft drinks giant told investors on Tuesday that it had been forced to swallow $241m “brand portfolio impairment charges” and a separate $241m in “Russia-Ukraine conflict charges”. While the group suspended sales of soft drinks brands [...]
China drives global coal capacity amid pandemic recovery April 26, 2022 The global capacity of power plants fired by coal rose nearly one per cent last year, driven by Chinese growth over the past 12 months.
Chernobyl: ‘Abnormal’ amount of radiation at site of nuclear plant after Russian occupation April 26, 2022 There is an “abnormal” amount of radiation at the site of Chernobyl nuclear power plant, following the Russian invasion and occupation of the site. The head of director of the International Atomic Energy Agency, Rafael Grossi issued a warning about the dangers posed by the site, saying it was being monitored. “day by day”. The [...]
London comes out on top for foreign finance investment April 26, 2022 London’s finance firms attracted more foreign cash than any global city last year in a boon to the Square Mile’s standing as a financial hub beyond Brexit.
Germany u-turns on tank delivery to Ukraine as Russia warns west’s support may lead to ‘World War Three’ April 26, 2022 Germany has u-turned on its decision to directly militarily support Ukraine, as Russia’s foreign minister warned it could lead to World War Three. Chancellor Olaf Scholz changed his mind after he was accused of stalling on fulfilling an order of German-made tanks, listed in Vlodymyr Zelensky’s so-called wish-list of military support. Germany said it would [...]