London’s top indexes edge higher as investors mull next Russia-Ukraine developments March 1, 2022 London’s top indexes jumped this morning as investor fears over the potential fallout of economic sanctions levelled against Russia tempered. The capital’s premier FTSE 100 index added 0.2 per cent to rise to 7,473.42 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, edged down 0.07 [...]
Everton backer Usmanov has assets frozen by EU over Putin links March 1, 2022 Everton backer Alisher Usmanov has had his assets frozen by the European Union on the grounds that he is close to Russian president Vladimir Putin. Usmanov’s company USM Holdings sponsors Everton’s training ground and has bought the naming rights to the Premier League club’s yet-to-be constructed stadium. The billionaire is also a close associate of [...]
Raab: ‘Nothing off the table’ on sanctioning Russian oil and gas assets March 1, 2022 The UK government is still considering sanctions on Russian oil and gas supplies, according to comments made by deputy prime minister Dominic Raab today. Raab told the BBC: “I think we will look at that very carefully… As we take action to starve the Russian war machine, there is nothing that is off the table.” [...]
Sir Ben Ainslie on sailing, management and when he plans to stop racing March 1, 2022 The acronym GOAT often gets bandied around in sport, usually unwarranted, but when it comes to British sailors, British Olympians and British sportspeople, Sir Ben Ainslie truly is up there with the Greatest Of All Time. The most successful sailor in Olympic history, an America’s Cup winner and multiple competitor, and now the man in [...]
Shares in Russian retailer Fix Price tumble after sanctions hit VTB March 1, 2022 Shares in London-listed Russian retailer plunged yesterday after it suspended a planned share buyback programme due to sanctions slapped on the firm’s bank, the state-owned Russian lender VTB Capital.
Abrdn rules out Russia investment as revenues rise for the first time since merger March 1, 2022 FTSE 100 asset manager Abrdn hailed 2021 as its “reset” year today as it posted a jump in operating profits and growth in revenues for the first time since its merger with Standard Life in 2017.
Warner Bros, Walt Disney and Sony pull out as Hollywood studios cancel movie releases in Russia March 1, 2022 Warner Bros, Sony Pictures and The Walt Disney Company all said they are pausing, cancelling or delaying the release of films in Russia in response to the ongoing conflict in Ukraine. The entertainment giants all announced the decisions on Monday evening as Russian military forces continued their attacks on Ukrainian cities. Violence continues to rage [...]
Britain and Ukraine are tied together by our independent tech industries March 1, 2022 AS RUSSIA launched an illegal war of aggression in eastern Europe, Ukraine may still feel quite far away from the UK, even though it is in Europe. Cities like Mariupol and Kharkiv are foreign to most Britons. Crimea is best known to most from a 200 year old poem. When Vladimir Putin talks of Ukraine [...]
Destruction of Russian-focused stocks leads London’s top indexes lower February 28, 2022 A NEAR destruction of Russian exposed London-listed stocks held the City’s top index lower today in a wild day of trading on the Square Mile. The capital’s premier FTSE 100 index lost as much as 1.4 per cent during the morning, before finishing down 0.42 per cent at 7,458.25 points. Meanwhile, the domestically-focused FTSE 250 [...]
Car makers suspend production and sales in Russia February 28, 2022 Some of the world’s biggest car makers have decided to suspend production and sales in Russia, following Putin’s invasion of Ukraine. Volvo, the world’s second largest automotive manufacturer, decided to halt the delivery of cars to local Russian dealership, while Volvo said today it was suspending both sales and production, Russian news agency RIA first [...]