Chicken boss warns food prices could rise 15 per cent this year amid war in Ukraine March 14, 2022 A food industry leader has warned prices could rise up to 15 per cent this year as a result of Russia’s invasion of Ukraine. 2 Sisters CEO Ronald Kers told the BBC’s Today programme it had already been forced to pay 50 per cent more for the chicken it receives from farms. Russia and Ukraine [...]
FTSE Russell to delete Russian firms from indexes including Evraz March 14, 2022 London Stock Exchange subsidiary FTSE Russell has said it intends to delete several Russian firms from its indexes. Companies to be deleted include Evraz, the FTSE 100 steel giant, of which former Chelsea owner and billionaire oligarch Roman Abramovich owns a 29 per cent stake. Other firms include Polymetal, the FTSE 100 precious metals mining [...]
UK looks north: Oil and gas remain key to energy independence March 14, 2022 The UK is seemingly committed to North Sea oil and gas as it cuts itself off from Russian energy supplies following the invasion of Ukraine.
Shell announces pounds sterling dividend payments after oil firm slashes ties with Russia March 14, 2022 Shell has announced the pounds sterling and euro equivalent dividend payments for its latest interim dividend. The London-listed fossil fuel giant announced its fourth quarter 2021 interim dividend on 3 February at $0.24 per ordinary share. Shareholders will be entitled to €0.2181 or 18.28p per ordinary share, providing they had validly submitted US dollars, euros [...]
Government minister urges consumers to be more cautious about online security March 14, 2022 Consumers need to be even more cautious with their digital activity amid “heightened international tensions”, warned James Cleverly.
We must not put ourselves into turmoil for a short-lived upper hand on Russia March 14, 2022 Since Russia’s invasion of Ukraine, the security of our energy supply – already volatile over the last few months – has taken on a renewed urgency. It is not a new concern—the “energy gap” has been a hot topic for at least the last decade—but the prospect of disrupting, suspending or severing entirely our economic [...]
Russia-Ukraine war raises spectre of UK recession March 14, 2022 Russia’s invasion of Ukraine risks plunging the UK economy into recession by propelling inflation to historic levels, according to a new report released today. Soaring food and energy prices triggered by the conflict could send the cost of living for the poorest households in the UK above 10 per cent, research published today by the [...]
Chelsea keep going but controversy follows club onto the pitch in ‘sportswashing derby’ March 13, 2022 After a week in which Chelsea’s future was plunged into grave doubt by the sanctioning of Roman Abramovich, today’s visit from Newcastle was about keeping going. Keeping going in the Premier League, where their hold on third place suddenly looked less secure; keeping going as a business, if technical advisor Petr Cech’s pre-match comments which [...]
Russia attack on Ukraine army base near Nato border kills 35 March 13, 2022 An attack on a Ukrainian army base near the border of Poland has killed 35 people and brought the war close to Nato territory. In the most deadly single strike of the war, Russia reportedly fired 30 rockets at the Yavoriv International Centre for Peacekeeping and Security near the city of Novoiavorivsk – a base [...]
Sunak: UK businesses need to urgently cut links with Russia March 13, 2022 More British businesses need to urgently cut any ties with Russia to “inflict maximum economic pain – and to stop further bloodshed,” Chancellor Rishi Sunak urged today. Western blue-chips have been severing ties with Moscow in a combined effort to freeze Russia out of the global economy. The likes of Shell and BP are in [...]