Western sanctions struggle to hit Russian revenues, reveals IEA report June 15, 2022 Higher crude oil and fuel prices allowed Russian revenues to climb in May, revealed the International Energy Agency in its latest report.
EU ports ask bloc for ‘clear list’ of banned Russian vessels April 13, 2022 European ports have asked Brussels for a “clear list” of Russian vessels that need to be banned following Moscow’s invasion of Ukraine. The European Sea Ports Organisation (ESPO) expressed its support for the EU’s latest round of sanctions against Russia but stressed the importance of having a clear and uniform approach to the boycott in [...]
Raab says it is ‘very unlikely’ UK will send troops into Ukraine if Russia invades January 23, 2022 It is very unlikely the UK will send troops into Ukraine if Russia invades its neighbour, according to Deputy Prime Minister Dominic Raab. Raab said the UK would still stand “shoulder to shoulder” and “support them in defending themselves”, after Boris Johnson’s government gave the country anti-tank weapons and millions of pounds in non-lethal military [...]
Diaries of a fund manager: Jack Hsiao on running a multi-billion pound investment giant January 13, 2023 As 2023 gets under way, the spotlight is firmly on the City and on its fund managers. What will be their next move? How and where do they find inflation-busting assets? Are they opting for more risk or playing it safe? City A.M. checked in with fund manager Jack Hsiao, he is a managing director [...]
Ukraine legalises crypto as tensions with Russia escalate February 18, 2022 Ukraine's parliament has voted to legalise digital assets amid escalating tensions with neighbouring Russia.
Marex hails record year as market volatility boosts profits to £49m August 18, 2022 London-based broking and trading firm Marex hailed a record set of results today as wild swings in commodity markets helped boost profits by 70 per cent.
Johnson says Russia sending out ‘mixed messages’ over Ukraine as he declares threat not over February 15, 2022 Boris Johnson has said there have been signs of a “diplomatic opening” over the Ukraine crisis, but that Russia is still sending out “mixed messages” and the threat of war is not over. The Prime Minister today welcomed the changed tone of the Kremlin, and the removal of some Russian troops from the Ukrainian border, [...]
High commodity prices boost bin collector Biffa’s recycling revenues August 17, 2022 Waste collection company Biffa today posted “strong” financial results as high commodity prices bolstered the firm’s recycling business whilst offsetting far-reaching inflationary pressures. The High Wycombe headquartered firm said it had cut its statutory losses by 57 per cent from £40.5m in 2021 to 17.6m in 2022. The stronger financial performance came as Biffa’s [...]
UK solicitors watchdog says it will not tell law firms to drop Russian clients March 18, 2022 The UK solicitors’ watchdog has said it will not tell law firms to drop Russian clients. The Solicitors Regulation Authority (SRA) said its “general position is that firms can choose who they act for,” as it said the issue is “highly unlikely to be a regulatory matter.” “The current situation with the conflict in Ukraine [...]
Explainer-in-brief: firing up the coal plants to stave off the dark of night May 31, 2022 Six million British households could face power cuts this winter, as the consequences of Russia’s invasion of Ukraine send shockwaves across the energy supply chain. This is bad news not only for the people affected, who could see their electricity cut in the early mornings and evenings, but also for the green transition. Keeping the [...]