Shell’s shares rise on FTSE 100 after predicting upturn in LNG output April 6, 2023 Shell's shares have risen on the London Stock Exchange this morning, after it unveiled a bullish update for its first quarter of trading ahead.
Equinor unveils steep drop in profits as fossil fuel prices fall July 26, 2023 Equinor's profits have tumbled in line with falling oil and gas prices, signalling an expected industry-wide decline in earnings.
UBS reveals $200m exposure to Russian assets March 7, 2022 Swiss banking group UBS has today revealed it has around $200m exposure to Russian assets and around $10m of outstanding loans to clients hit by western sanctions in response to Russia’ invasion of Ukraine.
‘Ramp up’ arms production to defend Ukraine against the Kremlin, Nato chief says January 1, 2023 Western allies need to “ramp up” arms production in the coming months to ensure Ukraine is kept fully supplied in its war against Russia, the secretary-general of Nato has said. Jens Stoltenberg said the conflict is consuming an “enormous amount” of munitions, amid signs that President Vladimir Putin is digging in for the “long haul”. [...]
Kremlin gets ready to annex four regions of Ukraine on Friday September 29, 2022 Press Association Russia on Friday will formally annex occupied parts of Ukraine where it held Kremlin-orchestrated “referendums” in which it claimed that residents had voted overwhelmingly to live under Moscow’s rule. The Ukrainian government and the West have denounced the ballots as illegal, forced and rigged. Russian President Vladimir Putin will attend a ceremony on [...]
Smiggle creates over 100 UK jobs as sales and profits edge up May 3, 2024 Smiggle created more than 100 jobs as its UK revenue and profits edged up during its latest financial year, it has been revealed.
Investing in distressed assets is only getting more complex, so is it worth the trouble? January 5, 2024 Recent geopolitical instability has added even more complexity to the world of distressed asset investment, writes Simon James.
Russians flee en masse to escape Putin’s mobilisation with few flights out of Moscow costing £10,000 September 27, 2022 Tens of thousands of Russians are fleeing their country to escape the mass military mobilisation that is currently underway. As a result, international flights out of Moscow now cost more than £10,000 per seat for a single ticket. The Kremlin ordered last week that up to 300,000 reservists across Russia should report for duty in [...]
Row between Viceroy and Labour MP escalates as short seller files complaint with parliament April 17, 2023 A row between short seller Viceroy Research and Labour MP Liam Byrne escalated today after the short seller lodged a complaint with parliament after Byrne suggested that the firm has ties to the Kremlin. In a parliamentary debate last month, the MP for Birmingham Hodge Hill called for an investigation into “the activities of short-selling [...]
Oil prices slide as holiday season ends and China’s economy weighs down prices September 7, 2023 Oil prices have dipped this morning with autumn approaching and expectations of easing jet fuel demand.