Russia clamps down with 200 new McDonald’s investigations October 20, 2014 Russia has stepped up its action against restaurant chain McDonald’s, with 200 new investigations into the fast food outlet on various grounds. In the wake of sanctions on President Putin’s nation following his intervention in the conflict in Ukraine earlier this year, Russia clamped down on a number of restaurants in Moscow over poor hygiene [...]
Best of the Brokers for 20 October 2014 October 19, 2014 To appear in Best of the Brokers, email your research to notes@cityam.com BSKYB S&P Capital IQ reiterated its “sell” rating, and stated that despite a good first quarter which saw a six per cent rise in recurring revenue and total customer numbers up five per cent year-on-year, it remains concerned about content and product costs. [...]
Sweden hunts for suspected Russian submarine October 19, 2014 Sweden's military is searching for "foreign underwater activity" less than 31 miles from Stockholm. According to Reuters, the mobilisation of troops, ships and helicopters is on a scale not seen since the depths of the cold war. Russia's bellicose actions in Ukraine are making nations in the Baltic and Nordic regions uneasy. Stockholm is just across the [...]
Rolls-Royce share price dives following profit warning October 17, 2014 Rolls-Royce Holdings share price fell this morning after warning that its underlying revenue may be 3.5 to four per cent lower in 2014 compared to last year, on the back of worsening economic conditions and tightening Russian trade sanctions. The British engine maker said leading customers had cancelled orders particularly in the Nuclear & Energy [...]
Waterstones still able to book a place in nation’s hearts – Brand Index October 14, 2014 Once a regular fixture on the high street, growing competition from online retailers, supermarkets and the rise of e-books is taking its toll on booksellers – even on chains such as Waterstones. Established in 1982 by Tim Waterstone, the bookseller expanded rapidly until being sold in 1993 to WH Smith. Then it changed hands several times [...]
Hamilton set for new contract as Mercedes look to extend rivalry October 13, 2014 MERCEDES chiefs have vowed to keep Britain’s Lewis Hamilton at the team beyond the world championship leader’s current contract, which expires at the end of next season. Head of motorsport Toto Wolff addressed speculation linking Ferrari’s Fernando Alonso with a move to the team by insisting he wants Hamilton and his title challenger Nico Rosberg [...]
Russian rouble sinks to record lows as oil prices tumble October 13, 2014 Vladimir Putin was enjoying himself at Russia’s first Grand Prix for a century yesterday, but the party was quickly over as the Russian president woke up to further falls in oil prices and a weakening rouble. The Russian currency hit record lows against the dollar and the euro on Monday morning, as tumbling oil [...]
Britain’s most successful F1 driver? Lewis Hamilton equals Nigel Mansell’s record of 31 wins after Russia GP October 12, 2014 Lewis Hamilton extended his championship lead with ease at the Russian Grand Prix today, dominating the track in Sochi to secure his ninth win of the season, giving him a 17 point lead over teammate Nico Rosberg. With just three stages left to go, Hamilton is in pole position to record his second Formula [...]
Ukraine crisis: Russia pulls 17,000 troops from border October 12, 2014 Russia is pulling troops away from the Ukrainian border, ahead of president Vladimir Putin’s meeting with Petro Poroshenko. 17,600 soldiers stationed in the Rostov region have been ordered to return to their bases. According to Russian news agency RIA Novosti, the troops’ training exercises have now come to an end. A ceasefire [...]
Moody’s warns that Russia may prompt Ukraine state to default October 9, 2014 UKRAINE’S government could begin to default on its debts if Russia calls in a $3bn (£1.86bn) loan made to the troubled state late last year, analysts at Moody’s warned yesterday. The state’s debt to GDP ratio is set to rise above 60 per cent this year, breeching the terms of the Russian loan and thus [...]