UK slams Russia’s airline restrictions as “retaliation” to Aeroflot ban February 25, 2022 The UK has slammed Russia’s decision to restrict its airspace to British airlines as “retaliation” to yesterday’s ban of Moscow airline Aeroflot. “I think that’s their retaliation for us yesterday banning Aeroflot from using and landing in the United Kingdom,” defence secretary Ben Wallace said to ITV’s Good Morning Britain. “That’s their tit for tat [...]
Ukraine invasion: markets one step closer to “peak uncertainty” February 25, 2022 We’re all shocked and saddened by events in Ukraine. Although we are talking here about the impact on markets, we acknowledge first and foremost that this is a human crisis with potentially awful consequences for millions of people. However, at times like this our clients expect us to stay level headed, which is what we’re [...]
Ukraine invasion hits global markets as £77bn is wiped off FTSE 100 in worst day in years February 25, 2022 Almost £77 billion was wiped off the value of London’s top 100 listed companies on Thursday as global markets plummeted following Vladimir Putin’s invasion of Ukraine. As fighting continues between Russian aggressors and Ukrainian defenders, traders across the world sold off shares as they tried to figure out the consequences. In London, the impact was [...]
Energy prices spike after Russia invades Ukraine February 25, 2022 Russian President Vladimir Putin’s decision to launch a full-blown incursion of Ukraine sent energy prices soaring raising fears the UK's living squeeze will tighten.
Comparisons to the thirties are by no means overblown – and the City must react February 25, 2022 In his address to the nation yesterday, Boris Johnson made a reference both unimaginable just a few weeks ago and one that is now all too relevant. “This is not some faraway country of which we know little,” he said, a reference to Neville Chamberlain’s verdict on the Sudetenland as he readied for appeasement with [...]
Russia will weaponise a refugee crisis if we’re not prepared to open our arms February 25, 2022 Putin has invaded Ukraine. He was never going to be satisfied with only taking Donetsk and Luhansk. The result will be a bloody and likely protracted war accompanied by another refugee crisis as many Ukrainians make the heart-wrenching decision to desert their home. Britain has a long and proud history of welcoming refugees, especially from [...]
The parallel war of disinformation between Russia and Ukraine could seed more poison February 25, 2022 As Russian forces attacked Ukraine on three fronts, a parallel disinformation war was taking place on social media and on Russian news outlets. Since the early stage of this conflict, President Putin has sought to justify his invasion by depicting Ukraine as a belligerent actor threatening Russian lives. In his speech on Monday night, right [...]
Behind the story: the cost of living crisis and war in Ukraine February 25, 2022 Britain is more sheltered than other countries from the massive spike in energy prices that could unfold as a result of Europe’s overreliance on Russian gas. Customers in the UK will at least in the short term be protected from higher prices by the energy price cap. But if the cost of energy continues to spiral [...]
No 10 lights up with Ukrainian colours as PM says the UK “will not look away” February 24, 2022 No 10 was tonight lit up with the colours of Ukraine’s flag, blue and yellow, to show solidarity with Kiev following Russia’s invasion. “Ukraine is a country that for decades has enjoyed freedom and democracy and the right to choose its own destiny,” said Prime Minister Boris Johnson in a tweet. “We – and the [...]
Podcast: Russia, Ukraine, and the markets February 24, 2022 Andy Silvester, Jack Barnett and Nicholas Earl discuss the impact of Russia’s invasion on Ukraine on the economy and the markets.