Surging inflation and escalating lockdowns in China hit oil prices April 25, 2022 Oil prices have plummeted a further five percent, to their lowest levels in almost two weeks, compounding last week's heavy declines.
Chelsea bidders told they must commit to keeping control of club for 10 years April 25, 2022 The three shortlisted bidders in the sale of Chelsea Football Club have been told they must commit to holding a majority stake for at least 10 years, according to reports. The requirement is set to be a legally binding part of any agreement to purchase the Premier League team from sanctioned owner Roman Abramovich, Sky [...]
Coca Cola beats quarterly revenue expectations as thirst for hospitality returns April 25, 2022 Coca-Cola Co surpassed quarterly revenue expectations after raising prices and the reopening of theatres and restaurants. In results published on Monday, the firm said demand for soft drinks had come back with zest after entertainment and hospitality venues had reopened with the easing of Covid restrictions. Net revenue lifted 16 per cent to $10.5bn in [...]
UK factories hit by 1970s-style cost crunch in inflation surge warning April 25, 2022 UK factories are having to swallow the quickest rise in input costs for five decades in a sign that the cost of living crunch gripping consumers is set to tighten, reveals fresh figures published today. The cost to manufacturers of buying components has accelerated at the steepest pace since 1975, according to Britain’s top business [...]
Global financial markets jittery amid fresh China Covid lockdowns April 25, 2022 It’s been an unsteady start to the week in the crypto markets, with the Bitcoin price dropping to around $38,500.
ONS: Cost of living grip chokes nearly every UK household April 25, 2022 Predictions that the UK economy is hurtling towards a period of weaker growth look set to materialise driven by historically high inflation squeezing almost all households across the country, official statistics released today indicate. Soaring energy, petrol and food prices have led to nearly nine in 10 Brits experiencing an uptick in their cost of [...]
Watch the moment a Russian oil depot 100km from Ukraine border is engulfed in flames April 25, 2022 Videos shared on social media show the moment a Russian oil depot north of the Ukrainian border was engulfed in flames. Russia responded to the inferno in Bryansk, 100km north of the border, with state news agency Taas reporting on it at around 2am on Monday morning. Space agency Nasa’s fire tracking site also showed [...]
Polymetal postpones projects as West ramps up sanctions on Russia April 25, 2022 Troubled Anglo-Russian miner Polymetal International (Polymetal) has seen revenues grow four per cent year-on-year to $616m.
Frenkel Topping revels in surging revenues powered by acquisition spree April 25, 2022 Frenkel Topping Group (Frenkel) has rebounded from the pandemic with booming revenues and soaring profits, following a flurry of acquisitions.
Small businesses suffer unprecedented cost assault in sign of more economic woe April 25, 2022 Swelling costs are eating away at small businesses’ margins in a sign that a key engine of the UK’s recovery is beginning to stall, reveals fresh research published today. Nearly nine in 10 small businesses have experienced an uptick in their operating costs, squeezing their room to combat what is expected to be a weaker [...]