Retail investors spooked as equity sell-off continues March 16, 2022 Retail investors have shunned US stocks in the past week as a bargain-hunting frenzy began to falter amid a continuing slide in equity markets.
BMW cuts 2022 profit margins as Ukraine war worsens supply chain issues March 16, 2022 BMW announced today it was cutting its 2022 profit margin forecast after the war in Ukraine caused new supply chain disruptions. The automotive maker said its EBIT margin will go down from between 8 and 10 per cent to between 7 and 9 per cent, warning supply chain issues could severely hinder production. Despite engaging [...]
Chicago Cubs owners the Ricketts family confirm bid for Chelsea with hedge fund boss Ken Griffin March 16, 2022 The owners of Major League Baseball’s Chicago Cubs, the Ricketts family, have confirmed they plan to bid for Chelsea Football Club. The Ricketts family have formed a consortium with billionaire hedge fund manager Ken Griffin to make an offer this week, Sky News reported. “The Ricketts Family, owners of the Chicago Cubs, can confirm they [...]
Zara owner Inditex warns of challenges ahead after shutting Russian shops March 16, 2022 Zara owner Inditex has reported sales surpassing pre-Covid levels but warned of looming challenges after severing ties with Russia. The world’s largest fashion retailer said Russia was a major market, after it shut its 503 shops and suspended online sales in the country amid its war in Ukraine. Russia and Ukraine accounted for five per [...]
Nigel Farage hits back at claims he accepted more than half a million pounds from Russia: ‘Nonsense’ March 16, 2022 Former UKIP and Brexit Party leader Nigel Farage has called suggestions that he received hundreds of thousands of pounds from the Russian state “nonsense”. Labour MP Chris Bryant told a parliamentary debate that he wanted to “point out” payments for Mr Farage amounting to almost £550,000, which he said came from the Kremlin-backed broadcaster RT [...]
Johnson says he will push Saudi Arabia on human rights as he lands in Middle East March 16, 2022 Boris Johnson has defended his decision to meet with the Crown Princes of Saudi Arabia and Abu Dhabi today, vowing to bring up their human rights records. Johnson arrived in the United Arab Emirates this morning and will hold a meeting with Abu Dhabi Crown Prince Mohammed bin Zayed, before travelling to Riyadh to meet [...]
What is the outlook for UK dividends in a less certain world? March 16, 2022 Russia’s invasion of Ukraine looks set to exacerbate economic trends which had already been influencing markets. Amid the uncertainty, experienced investors Sue Noffke and Graham Ashby give their views on the outlook for UK dividends. Investors had already been viewing markets in a more cautionary manner, even before Russian troops amassed on the border with [...]
Women’s tennis chief ‘strongly’ opposed to bans for Russian and Belarusian players over Ukraine March 16, 2022 Steve Simon, the head of elite women’s tennis tour the WTA, says he “feels very strongly” that players from Russia and Belarus should not be prevented from playing because of the invasion of Ukraine. It comes after UK government ministers said assurances should be sought from Russian players that they do not support Vladimir Putin [...]
Soft drink giant Fever Tree highlights short term cost ‘uncertainty’ amid war in Ukraine March 16, 2022 Beverage maker Fever Tree has said Russia’s invasion of Ukraine has caused “significant uncertainty” for short term costs. Tim Warrillow, co-founder and CEO of Fever-Tree, said the war in Ukraine had “resulted in significant uncertainty in relation to our input costs in the short term.” UK revenue leaped 15 per cent in full year results [...]
Letters: Russia inaction on Boris’ watch March 16, 2022 [Re: We mut not put ourselves into turmoil for a short-lived upper hand on Russia, March 14] I completely agree with Eliot Wilson’s piece on Monday that we must not hurt ourselves in our bid to look like we have a handle on the situation in Ukraine. The truth is we have forgone a serious policy [...]