UK to give more artillery to Ukraine as Russia starts new offensive April 19, 2022 The UK will give more artillery to Ukraine’s army to help them fight off Russia’s new offensive in the country’s East. Boris Johnson today said the “urgency was greater” to arm Ukraine in light of Russia’s new push in the Donbas, while adding that the war “will become an artillery conflict, they need support with [...]
Trafigura and Vitol could step up trade in Russian oil, CEOs admit March 22, 2023 Global energy traders Trafigura and Vitol are considering whether to resume more trade in Russia's oil, their CEOs said yesterday.
Zara and Burberry shut shops in Russia while John Lewis looks to ‘mitigate exposure’ to country March 6, 2022 Fashion powerhouses have halted trading in Russia following its invasion of Ukraine, citing “operational challenges”. Luxury goods maker Burberry has temporarily shuttered its three stores in Russia, The Times reported. According to the newspaper, the designer brand’s spokesperson said Burberry would continue to monitor developments and declined to address the invasion directly. It comes after [...]
Claims globalisation has ‘had its heyday’ are premature, Lloyd’s chief executive says August 2, 2022 Claims the dual shocks of Covid and the war in Ukraine have halted the “all conquering forces of globalisation” are “premature,” Lloyd’s of London chief executive John Neal told City A.M. In an op-ed in this newspaper, the insurance chief said that while we will “rightly see a degree of retreat and retrenchment” in [...]
SocGen takes bad loan hit but claims 2023 is a ‘transitional year’ with ‘key deals’ ahead February 8, 2023 Societe Generale, France’s third biggest bank, favoured financial prudence over quick returns to shareholders as it prepared for the arrival of a new chief executive in May tasked with reviving its valuation in an uncertain economic climate. SocGen said it had hiked provisions for bad loans fivefold in the fourth quarter, cutting its net income [...]
‘Hundreds of thank yous are not hundreds of tanks’: Ukraine’s president Zelensky pleads for help against Putin January 20, 2023 Ukrainian President Volodymyr Zelensky has appealed to western allies to speed up the delivery of military support – including badly needed heavy armour – in his country’s struggle against the Russia invader. In an address to a pledging conference at the US airbase in Ramstein, Germany, he urged assembled defence ministers to agree in “principle” [...]
Less than half of companies plan to hike prices in boost for Bank of England and inflation July 6, 2023 Less than half of companies plan to lift prices over the coming months in a sign that inflation may finally be starting to budge after staying high for around a year and a half, a new survey out last night showed. Analysis from the British Chambers of Commerce (BCC) found that companies are considering scaling [...]
Taking ‘real action’: InPost founder Rafal Brzoska sends 500 tonnes of humanitarian aid to Ukraine April 25, 2022 One of Poland's richest men Rafal Brzoska sent a train carrying over 500 tonnes of food and medical supplies to Ukraine this weekend, in what he calls taking "real action".
Total Energies hoovers up £650m dividends from Russian assets October 27, 2022 Total Energies received nearly three-quarters of a billion dollars iin dividends from Russian assets during the first nine months of the year.
PepsiCo swallows nearly $500m in charges after Russia invades Ukraine April 26, 2022 Beverage maker PepsiCo has taken a hit of nearly $500m in charges relating to Russia’s invasion of Ukraine. The soft drinks giant told investors on Tuesday that it had been forced to swallow $241m “brand portfolio impairment charges” and a separate $241m in “Russia-Ukraine conflict charges”. While the group suspended sales of soft drinks brands [...]