Exclusive: ESG funds slump behind peers as energy and defence stocks bolstered by war July 12, 2022 Environmental, social and governance (ESG) funds in the UK have slumped below their industry peers this year as oil & gas, mining and defence stocks surge in the wake of war in Ukraine, new research has revealed.
UK sanctions five banks in response to Russian ‘invasion’ of Ukraine February 22, 2022 The UK has sanctioned five Russian banks and three oligarchs close to the Kremlin in response to Vladimir Putin’s move last night to invade parts of Eastern Ukraine. Boris Johnson told MPs this afternoon that Rossiya Bank, IS bank, Genbank, Promsvyazbank and the Black Sea Bank have all been barred from trading in the UK [...]
Bank needs to ‘see the job through’ on inflation, says Pill – but divisions remain April 4, 2023 The chief economist at the Bank of England, Huw Pill, has suggested that more work is needed to tame price rises because there is a danger of high inflation becoming embedded in the UK economy. “The onus remains on ensuring enough monetary tightening is delivered to ‘see the job through’ and sustainably return inflation to [...]
Cypriot PwC partners set up new firm to continue working with Russian clients November 8, 2022 Three ex-partners from PwC’s Cyprus office have left the Big Four accountancy firm to set up a new rival practice in order to continue working with Russian clients. The launch of KiteServe comes after the three ex-PwC partners took early retirement from the Big Four firm in June, after its sanctions policy blocked them [...]
Andy Murray joins Rafa Nadal and Novak Djokovic, saying: I don’t support Wimbledon’s ban on Russian and Belarusian players May 2, 2022 Former Wimbledon champion Andy Murray is “not supportive of players getting banned” because of the war in Russia. The tennis star came out against the decision, calling the UK government’s guidance “not helpful”. This comes after the All England Club, which runs the tournament, banned Russian and Belarusian players, citing the Kremlin’s invasion of Ukraine. [...]
Ryanair remains cautious about future despite record half-year November 7, 2022 Ryanair has remained cautious about its future despite posting a record half-year performance. Driven by an exceptional summer traffic, the low-cost carrier’s after tax earnings jumped to €1.37bn (£1.20bn) – up from a €48m net loss last year. Even though slightly below analysts’ consensus, this was its highest half-year results ever, as it surpassed the [...]
Russian invasion of Ukraine ‘very, very likely and very, very imminent’, says minister February 20, 2022 A Russian invasion of Ukraine is “very, very likely and very, very imminent”, Europe minister James Cleverly has said. Cleverly said today that “at the moment, an attack, an invasion seems far more likely than unlikely but we will continue to work to try and avert that”. Boris Johnson last night said Russia was planning [...]
Glencore gives £5.8bn to shareholders after coal powers record profits February 15, 2023 Glencore will hand out over £5.8bn to shareholders in dividends and buybacks after another period of bumper revenues and profits.
Factories braced for energy rationing this winter amid fears Russia could turn off the taps July 3, 2022 Energy rationing could be on the cards this winter, with British factory owners suffering constraints to their energy supplies.
Medicine market in Russia ‘stable’ as GSK commits to keeping up supply March 17, 2022 GlaxoSmithKline’s (GSK) will halt clinical trials in Russia but maintain the supply of essential medicines, following the Kremlin-backed invasion of Ukraine. The London-headquartered group has no manufacturing operations in Russia or Ukraine, while its supply chain and raw material access will be minimally impacted, according to Reuters. GSK follows Pfizer, who has pledged all its [...]