Sanctions push Russian prices up 7.5 per cent September 25, 2014 Russia’s rate of inflation may exceed 7.5 per cent this year, as foreign and domestic sanctions act to restrict the supply of goods. Russia’s target has been around four per cent since the end of hyperinflation in the early 1990s, but it is highly likely to miss the target this year, according to the head [...]
FFP spotlight falls on Anfield September 25, 2014 EUROPEAN football’s governing body Uefa confirmed yesterday it is currently in the process of formally investigating Liverpool and six other clubs across the continent for potential breaches of Financial Fair Play (FFP). Italian giants Inter Milan and Roma, together with Monaco, Besiktas, Sporting Lisbon and Russian side Krasnodar are the other clubs under the financial [...]
Ukrainian President unveils plans for EU membership September 25, 2014 Ukrainian President Petro Poroshenko is to outline plans for his country to apply for EU membership in six years time. Poroshenko said Ukraine would undertake a series of economic and social reforms to meet the standards required of EU members. "It (the strategy) provides for 60 separate reforms and special programmes, which will prepare Ukraine [...]
Russian growth forecast slashed by World Bank due to sanctions September 24, 2014 RUSSIA had its growth forecasts slashed by the World Bank yesterday due to ongoing geopolitical tensions coupled with a lack of reform. The World Bank forecast 0.3 per cent growth in 2015 and 0.4 per cent in 2016, revised down from 1.5 per cent and 2.2 per cent respectively. Sanctions imposed in response to Russia’s [...]
Putin threatens retaliation against Ukraine if EU trade deal goes ahead September 24, 2014 Russian president Vladimir Putin has warned Ukraine that its access to Russian markets could be hampered if it goes ahead with a planned trade agreement with the EU. Putin said in a letter to Ukrainian president Petro Poroshenko that any change to legislation to prepare for the deal would be met with retaliation from Russia. [...]
Velocys share price hits high note after patent win over CompactGTL September 22, 2014 A High Court patent case between two energy companies providing conversion of natural gas into liquid fuel was settled in favour of Velocys yesterday over its rival CompactGTL. The patent case victory sent shares in Aim-listed Velocys 5.2 per cent higher during trading yesterday to hit a record high of 248p, before falling back to [...]
Labour Party Conference: Scottish referendum was “near death experience” for Westminster, says McCluskey September 22, 2014 The Scottish referendum should act as a wake up call to Westminster politicians that “you ignore the hopes of working people at your political peril”, Unite general secretary Len McCluskey told Labour MPs today. Opening with a quote from Russian revolutionary Vladimir Lenin, the union leader told delegates that the independence referendum had been [...]
City Moves for 22 September 2014 | Who’s switching jobs September 21, 2014 Altium The mid market financial advisory group has announced two appointments to its UK debt advisory practice. Simon Chambers (pictured) and Richard Clark both join as managing directors from DC Advisory. Clark has also held roles at Close Brothers, Houlihan Lokey and JP Morgan. Chambers has previously worked at Barclays, and also as an engineer [...]
Everton win big on Europa return September 18, 2014 EVERTON boss Roberto Martinez felt his team were rewarded for embracing their participation in the Europa League last night with a 4-1 win over Wolfsburg. A packed Goodison Park enjoyed a first European encounter in five years as an own goal from Ricardo Rodriguez, plus a Seamus Coleman strike, Leighton Baines’ penalty and Kevin Mirallas [...]
Ukraine crisis: Petro Poroshenko calls for US military aid September 18, 2014 The Ukrainian president Petro Poroshenko has called upon the US to provide his country with military assistance as it attempts to combat pro-Russian separatist forces. Poroshenko described Ukraine as being at the “forefront of the fight against terrorism”. President Barack Obama has condemned Russia’s involvement in the conflict, but has so far limited [...]