Private investors bail out of UK gilts after mini-budget chaos January 31, 2024 Ownership of UK government bonds (gilts) by private investors have fallen to their lowest level since 1996, dropping 44 per cent in less than three years, according to data from the Office of National Statistics. After peaking in December 2012, ownership of private gilts has been in terminal decline since September 2021. Now, only £3bn [...]
AerCap sues AIG for $3.5bn over aircraft lost in Russia July 12, 2022 AerCap, the world’s largest aircraft lessor, has recently sued AIG and other insurers following a $3.5bn all-risk claim filed in March over aircraft lost in Russia. The company argued in the UK’s High Court that insurers owed AerCap the amount as part of the “all risk” insurance policy it adopted. According to the Dublin-based company, [...]
Johnson says inflation is a ‘price worth paying’ to defend Ukrainian freedom June 27, 2022 Boris Johnson has today said soaring inflation linked to sanctions on Russia are a “price worth paying” as he compared Vladimir Putin’s regime to the Nazis. The Prime Minister told journalists during today’s G7 summit in Germany that the economic effects of not helping Ukraine would be worse than what the UK is currently facing. [...]
Bill Gates-backed nuclear power firm fears losing out on UK projects September 24, 2023 Bill Gates-backed nuclear power player Terrapower is concerned it may miss out on government approval for UK projects.
Coca-Cola bottling firm posts ‘record’ revenue despite exit from Russia and energy crisis eating into profits February 14, 2023 Coca-Cola’s bottling business today posted “record” results after bolstering its revenues through price increases, after its exit from Russia ate into profits. Coca-Cola Hellenic Bottling Company (HBC), which owns the bottling rights for Coca-Cola, saw its reported revenues surge 28.3 per cent to €9.2bn (£8.1bn). The uptick in revenues came as Coca-Cola HBC’s profits were [...]
BP profits the “unearned windfalls of war” say Labour as windfall tax row heats up May 2, 2023 "Pearl-clutching" begins with Labour and Lib Dems plotting moves to toughen up windfall tax - despite BP paying a further £520m already
Ukraine urges citizens to cut energy usage as EU squabbles over gas price cap October 20, 2022 Ukraine is encouraging its citizens to cut energy usage by 20 per cent this winter, amid growing concerns of blackouts this winter.
Windfall windbags: Labour calls for tougher tax after BP profits May 3, 2023 Windfall tax-backing politicians were described as “completely out of ideas” after calling for the levy to be toughened up.
Separatists say ‘no grounds’ for reprieve after two Brits sentenced to death June 13, 2022 The head of the separatist region which sentenced two Brits to death for fighting for Ukraine has said there’s “no reason” to reverse the decision. Aiden Aslin, Shaun Pinner – and Moroccan Brahim Saadoun – are facing the ultimate price for opposing Russia, after a “sham” trial found them guilty of “mercenary activities” last week. [...]
Russia attack on Ukraine army base near Nato border kills 35 March 13, 2022 An attack on a Ukrainian army base near the border of Poland has killed 35 people and brought the war close to Nato territory. In the most deadly single strike of the war, Russia reportedly fired 30 rockets at the Yavoriv International Centre for Peacekeeping and Security near the city of Novoiavorivsk – a base [...]