Exclusive: ESG funds slump behind peers as energy and defence stocks bolstered by war July 12, 2022 Environmental, social and governance (ESG) funds in the UK have slumped below their industry peers this year as oil & gas, mining and defence stocks surge in the wake of war in Ukraine, new research has revealed.
Next era is knocking: Possible runners and riders to replace Boris Johnson as Tory leader and PM July 10, 2022 Boris Johnson announced on Thursday he has agreed to step down as Prime Minister in September, following the resignation of Sajid Javid and Rishi Sunak on Tuesday and a wave of government resignations this week. Looking ahead, City A.M. zooms in on potential frontrunners to replace Johnson as Prime Minister. Rishi Sunak The former Chancellor’s [...]
Russian oligarch backed fund LetterOne files lawsuit against private equity firm that cut ties following war in Ukraine July 7, 2022 The Luxembourg headquartered investment fund founded by sanctioned Russian oligarchs Mikhail Fridman and Petr Aven has filed a lawsuit against the London private equity firm that manages $5bn (£4.2bn) of it’s money. Multi-billion-dollar investor LetterOne is taking legal action against Pamplona Capital Management, in calling on the private equity firm to open its books, after [...]
Gas prices surge as West races to top-up supplies ahead of looming winter months July 7, 2022 Gas prices have spiked amid continued concerns over supply shortages, as the West scrambles to secure energy supplies ahead of winter.
Five top Kremlin-linked energy bosses have mysteriously been found dead since start of 2022 July 7, 2022 Five leading energy officials in Russia have now reportedly died in suspicious circumstances since the start of the year. A shipping boss with ties to the Kremlin, Yuri Voronov, was found with a gunshot wound at his property this week. This comes after four other officials with links to Moscow’s energy industry, and in particular [...]
Oil prices nosedive as recession fears rise across developed economies July 5, 2022 Oil prices have plummeted a whopping $10 across both benchmarks, as recession fears curtailed demand and drove down prices.
West under pressure to secure energy supplies as Norwegian offshore workers go on strike July 5, 2022 Europe faces further pressure in securing supplies ahead of winter , after Norwegian oil and gas workers went on strike today.
Ikea announces sale in Russia ahead of exit as staff run through store in search of a bargain July 5, 2022 People were seen running through Russian Ikea stores to grab a bargain as the retailer announced it is holding a sale before quitting the country. Footage shared online reportedly showed people sprinting through a store, while the Russian-language site for the Swedish furniture giant reportedly went down under weight of demand. The flat-packing retailer announced [...]
Cameron Norrie Britain’s last hope as he aims for Wimbledon semi-final July 5, 2022 Today’s play at the All England Club will feature British No1 Cameron Norrie as Wimbledon gets set to host a singles quarter-final involving a home player for the first time since 2017. Then it was the duo of Andy Murray and Johanna Konta, but today it is all about Norrie. Relegated to the outside courts [...]
Getir says investor has ‘no direct or indirect relationship’ with sanctioned Russian oligarch July 4, 2022 Speedy grocery delivery app Getir has shrugged off speculation that government sanctioning of a Russian oligarch linked to investment in the firm will impact its funding. Vladimir Potanin was hit by sanctions last week, including an asset freeze preventing any UK firm from dealing with any funds he owns. However, Getir was keen to quash [...]