Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.
EU airlines’ shares tumble following airspace closure February 28, 2022 The shares of major European airlines have taken a tumble following the EU’s decision to close its airspace to Russia. Legacy carriers have registered a slump, with British Airways’ owner IAG going down 4.19 per cent, while German carrier Lufthansa registered a 4.76 per cent fall. Share of aviation colossus Air France-KLM went down 2.30 [...]
Fund manager Abrdn struggles to offload Rosneft stake February 28, 2022 FTSE 100 fund manager Abrdn has reportedly been unable to offload its £5m stake in Russian state-backed oil firm Rosneft, as Western firms scramble to divest from state-backed russian companies.
Betfair owner Flutter ties staff bonuses to stamping out gambling addiction as industry gears up for reform February 28, 2022 Betfair and Fanduel owner Flutter Entertainment has said this morning that it will tie 10 per cent of annual bonuses for its staff to initiatives aimed at helping prevent gambling addiction. The world’s largest online betting group stated that these targets were part of a package which hoped to get 75 per cent of active online customers [...]
Satellite firm Viasat investigates Ukraine broadband cyberattack following Russian invasion February 28, 2022 Satellite communications firm Viasat said this morning that it would be investigating a suspected cyberattack that caused a partial outage in its residential broadband services in Ukraine and across Europe. The US-listed company said a third-party cybersecurity firm was looking into causes of an outage across KA-SAT network, which provides high-speed satellite internet coverage in [...]
Ukraine and Russian delegations to hold talks on Belarus border as Putin puts nuclear forces on high alert February 27, 2022 Delegations from the Ukrainian and Russian governments will meet on the Ukraine-Belarus border as Vladimir Putin today put his country’s nuclear deterrent forces on high alert. The move to put Russia’s nuclear forces on “special regime of duty” comes after Putin told top officials in a televised meeting that the west’s economic sanctions are “aggressive [...]
Foreign Secretary Liz Truss backs energy sanctions against Russia February 27, 2022 Foreign Secretary Liz Truss has called for limits on oil and gas imports from Russia, following the country's invasion of Ukraine.
Truss: Ukraine-Russia war could last years and be ‘beginning of the end for Putin’ February 27, 2022 Liz Truss has said the Ukraine-Russia war could “last for years” and that it could mark the “beginning of the end” for Russian President Vladimir Putin. The foreign secretary also warned that Russian forces may be preparing to use worse weapons in its invasion of Ukraine, after firmer resistance than the Kremlin expected. The invasion [...]
UK set to fast-track crackdown on Russian ‘dirty money’ February 27, 2022 Number 10 is planning on bringing forward legislation as soon as next week to create a register for the beneficiaries of overseas firms, which would reveal the true owners of properties across the UK as tensions with Russia moves ahead with Ukraine invasion. According to an exclusive report from Sky News, an insider at Number [...]
Ukraine President calls on ‘friends’ from abroad to help fight Russian invasion of the capital February 27, 2022 Ukraine’s president said his forces still have control of the capital, but has called on the country’s “friends” to help them fight. Volodymyr Zelenskyy said in an address this afternoon: “Everyone who can defend Ukraine abroad please do it directly in a united way. “Every friend of Ukraine who wants to join Ukraine in defending [...]