UK solicitors watchdog says it will not tell law firms to drop Russian clients March 18, 2022 The UK solicitors’ watchdog has said it will not tell law firms to drop Russian clients. The Solicitors Regulation Authority (SRA) said its “general position is that firms can choose who they act for,” as it said the issue is “highly unlikely to be a regulatory matter.” “The current situation with the conflict in Ukraine [...]
Lazard eyeing up US equities after Ukraine invasion causes markets to plunge March 18, 2022 Asset management giant Lazard is readying to scoop up underpriced US equities after Russia’s invasion of Ukraine caused stocks to plunge in value.
1 Minute Market Rundown – 18th March 2022 March 18, 2022 Russia – UkraineRisk bouncesCrypto finds supportDovish hike by the Old Lady Risk continued to hold in well yesterday as equity and crypto markets held on to gains posted recently. Overnight we have seen the equity rally stall as the surge in Chinese tech stocks fizzled out and oil moved back above $100 a barrel. We [...]
Ukraine invasion crumbling fast as Russia is forced to defend supply lines and loses air control despite heavy Lviv bombing March 18, 2022 Russia is being forced to divert “large numbers” of troops to defend its supply lines rather than continuing its attacks in Ukraine, British defence intelligence analysts believe. The latest intelligence assessment published by the Ministry of Defence said: “Logistical problems continue to beset Russia’s faltering invasion of Ukraine.” “Reluctance to manoeuvre cross-country, lack of control [...]
Bitcoin shows signs of maturing as world economies look likely to worsen further March 18, 2022 Jason Deane digs through an avalanche of news narratives to decipher what's affecting the price of Bitcoin this week.
Manufacturing firm Essentra’s revenue up after pandemic and ‘supply chain headwind’ March 18, 2022 Plastics and fibre manufacturer Essentra experienced a a spike in revenue in 2021, as it continues to weather the storm of supply chain problems impacted by the Ukraine war. The FTSE 250-listed company had an increase in overall revenue to £960m, up from £897m in 2020, representing a seven per sent rise. Its pre-tax profit [...]
Business of Space: Sharing satellite imagery or an act of war? March 18, 2022 This week: Canadian firm enjoys revenue jump after snagging NASA contract To share or not to share? Ukraine asks Japan for satellite imagery over Russia OneWeb’s US proxy lines board with former US national security officials Canada’s MDA Space technology firm MDA has swung from its losses in the final three months of 2021, after [...]
GlaxoSmithKline will not begin any new clinical trials in Russia March 18, 2022 Britain’s second-biggest drug maker, GlaxoSmithKline, won’t begin any new clinical trials in Russia because of the war against Ukraine. It made the announcement following similar moves by major US pharmaceutical giants Pfizer, Merck and Eli Lilly. The UK’s biggest company in the industry, AstraZeneca, is still conducting trials – but is considering ending them, according [...]
Russians learn the only thing worse than social media is no social media March 18, 2022 This week, Instagram feeds in Russia went dark. With Facebook already blocked, Twitter access restricted and a threat of the same to Youtube, the Russian state is silencing fora of dissent. In this column, I have often criticised the social media giants. Their business models are built on their ability to surveil you. They have [...]
Has the Ukraine war sped up the clean energy revolution? March 18, 2022 As energy security rises up the political agenda, we look at what Russia’s invasion of Ukraine means for climate change investing. Russia’s shocking invasion of Ukraine is having horrendous consequences, and our thoughts are with the millions of people affected. As climate change investors, we also have to consider the impact of the conflict on [...]