London firm Shipleys investigated over audit of Russian fintech Zaim Credit Systems January 18, 2023 The UK’s accounting regulator has launched an investigation into London accounting firm Shipleys over its audit work for the UK-listed holding company of Russian fintech firm Zaim Express. The Financial Reporting Council (FRC) said today that it has decided to open an investigation into the firm’s audit of Zaim Credit Systems’ 2021 accounts. The FRC’s [...]
UK and EU at risk of losing green energy projects to US unless investment matched, renewable firms warn January 18, 2023 The UK and European Union are at risk of losing green energy projects to the US - if they fail to match its new investment environment.
Ukrainian interior minister Denys Monastyrsky killed in chopper crash January 18, 2023 A helicopter crash in a Kyiv suburb on Wednesday killed 18 people, including Ukraine’s interior minister and three children, Ukrainian authorities said. Interior Minister Denys Monastyrskyi, his deputy Yevhen Yenin, and State Secretary of the Ministry of Internal Affairs Yurii Lubkovych were among those killed, according to Ihor Klymenko, chief of Ukraine’s National Police. Mr [...]
The Notebook: Neil Bennett’s Davos dispatch January 17, 2023 The Notebook is a place for interesting people to say interesting things. Today it’s the turn of Neil Bennett, Global Co-CEO of communications advisory giant H/Advisers – writing on Ukraine in Davos, Manchester United’s bold marketing strategy and why the Swiss town remains the place to be I am in Davos this week to host [...]
TUI open to new majority shareholder following resignation of sanctioned Russian billionaire January 17, 2023 TUI admitted it was looking for a new majority shareholder, 10 months after EU sanctions forced the resignation of Alexei Mordashov. Vladimir Putin ally and Russian billionaire Alexei Mordashov became a target of Europe’s sanctions against Moscow following Russia’s invasion of Ukraine in March 2022. The sanctions meant TUI was left scrambling for a new [...]
UK to shake off mild recession by end of this year, City analyst predicts January 16, 2023 The UK economy will experience a very mild recession and could be out of it by the end of this year, a top City economist has forecast. International energy prices have marched back down the steep hill they climbed after Russian president Vladimir Putin sent troops into Ukraine in February last year. On some measures, [...]
Stansted’s passenger numbers soar 226 per cent as UK airports continue to rebound January 16, 2023 The number of passengers travelling via Stansted soared 226 per cent in 2022, the airport reported today, in yet another encouraging sign that Britain’s airports are gradually recovering from the Covid-19 pandemic. The Essex hub reported that 23.3 million passengers have passed through its gates over the past 12 months. The numbers for December (1.8 [...]
Here’s how Chelsea’s £89m deal for Mykhailo Mudryk has inadvertently funded Ukraine’s war effort January 16, 2023 Less than a year after Chelsea’s owner Roman Abramovich was sanctioned and forced to sell the club over his links to a Russian regime that had invaded Ukraine, the resistance is set for a £20m windfall as a result of the Blues’ latest signing, Mykhailo Mudryk. Mudryk’s former team Shakhtar Donetsk announced on Monday that [...]
Davos: Energy prices will remain above pre-Covid levels but they will be less volatile says Equinor boss January 16, 2023 The boss of one of one of the world’s largest energy companies has warned that high energy prices are here to stay. Anders Opedal, CEO of Equinor – which is bigger than BP, made his comments ahead of the Davos World Economic Forum conference in Switzerland. Opedal, who was speaking on BBC Radio 4’s Today [...]
Ukraine is a real life learning curve of the price of modern war and defence January 16, 2023 The war in Ukraine is a distinctive representation of conflict in today's world. We have to look closely at our role in supporting Kyiv to understand the price and lessons of modern war, writes Eliot Wilson