Lewis Hamilton and Serena Williams bankroll Sir Martin Broughton-led bid for Chelsea April 21, 2022 Formula 1 driver Lewis Hamilton and tennis superstar Serena Williams are helping to bankroll the Sir Martin Broughton-led bid for Chelsea. Hamilton, who has previously said he supported the club’s London rivals Arsenal, and 23-time Grand Slam winner Williams are among the backers of the only British-led consortium in the running, Mark Kleinman first reported [...]
Wimbledon warned it could face legal challenge over ban on Russian and Belarusian players April 21, 2022 Wimbledon organisers could face a legal challenge after banning Russian and Belarusian players, according to sports lawyers. Daniil Medvedev and Aryna Sabalenka are among the leading contenders set to miss out following the All England Club’s (AELTC) decision. The men’s ATP Tour has criticised the move, while the women’s WTA Tour previously said it would [...]
Nestlé warns of further price rises over the year amid rampant inflation April 21, 2022 Nestlé has cautioned more price rises could be on the horizon for consumers as cost inflation leaps. In a three month trading update, the Kit Kat owner said it had already “stepped up pricing in a responsible manner” and seen “sustained consumer demand.” Nestlé CEO Mark Schneider added: “Cost inflation continues to increase sharply, which [...]
THG boss Matt Moulding slams ‘numerous’ proposals from suitors as unacceptable April 21, 2022 E-commerce beauty firm THG has dubbed a number of approaches from potential bidders as “unacceptable.” There had been speculation that the online retailer – which owns brands including Cult Beauty and Lookfantastic – could be prime for a takeover, after experiencing a turbulent year. In a trading update, CEO Matthew Moulding said the board had [...]
Putin says new nuclear-capable missile will make West ‘think twice’ April 20, 2022 Vladimir Putin sent a stark warning to the West today as Russia tested a new intercontinental ballistic missile, which the President said will make the West “think twice”. The Sarmat missile, which can hold more than 10 nuclear warheads at a time, can reportedly hit any target on earth and is set to be in service [...]
Germany to phase out Russian oil supplies as West piles pressure on Russia April 20, 2022 Germany has announced it will stop importing Russian oil by the end of the year, as the West ramps up pressure on the Kremlin.
Russia considers taking $1.3bn from wealth fund to recapitalise Aeroflot April 20, 2022 Russia is considering taking $1.3bn from its national wealth fund to recapitalise Aeroflot. According to Moscow sources, the wealth fund will buy Aeroflot’s new share issue through an open subscription and spend an additional $690.9m in equity stakes to help other struggling carriers. As a result of the new issue, the Kremlin’s stake will need [...]
Latham & Watkins asks to drop sanctioned VTB Bank in lawsuit over downed flight MH17 April 20, 2022 Los Angeles law firm Latham & Watkins has asked for permission to drop Russia’s state-owned VTB Bank as a client, in a lawsuit over claims the sanctioned bank funded the militia group that shot down Malaysia Airline Flight 17. In a filing to a New York court, Latham & Watkins asked for permission to withdraw [...]
Netflix shares tumble after earnings last night April 20, 2022 Netflix shares fall nearly 25% after the company reported a drop in subscribers. What happened after Netflix’s reported earnings? In extended trade last night, Netflix saw its shares tumble by a quarter of its entire value. Almost 25% was wiped off the share price in extended trade on the IG platform last night as a [...]
Oil prices stagnate amid reduced demand expectations after IMF cuts growth forecasts April 20, 2022 Inflation, reduced growth expectations and continuing coronavirus lockdowns in China are weighing down oil prices after last month's rallies.