JP Morgan to book £762m loss on Russian assets April 4, 2022 Wall Street giant JP Morgan may lose as much as $1bn (£762m) on its exposure to Russia, its chief Jamie Dimon warned today in his annual letter to shareholders. The investment banking titan has been part of a concerted effort by the West’s biggest corporates to ditch Russian assets and pull out of the country [...]
Pressure grows on pension providers to scrap Russian investments March 2, 2022 Pressure is growing on the UK’s biggest pension and insurance fund managers to slash their Russian exposure.
They are coming: Calls to stop Russian tankers heading for Kent March 2, 2022 The government must immediately intervene to stop two Russian tankers – containing enough liquid gas to supply the UK for up to 12 days – from docking in Kent at the weekend, a union said this afternoon. The Boris Vilkitsky and Fedor Litke are bound for Grain LNG with plans to unload on Sunday, according [...]
Ukraine: Everton suspend arrangements with Russian linked billionaire March 2, 2022 Premier League side Everton have suspended their commercial sponsorship arrangements with all Alisher Usmanov owned companies. The Russian billionaire is on a list of people who have had their assets frozen by the European Union in response to Russia’s invasion of Ukraine. Usmanov owns USM Holdings, who sponsor Everton’s training ground and has Everton owner [...]
Russian athletes set for Winter Paralympics ban decision March 2, 2022 Winter Paralympics organisers will decide today whether to ban Russian athletes just 48 hours before the Games are set to begin in Beijing. All Russian competitors have already arrived in China but the International Paralympic Committee is under pressure to stop them taking part in response to the country’s invasion of Ukraine. The International Olympic [...]
Russian miners to get the boot from FTSE 100 March 1, 2022 Russian miners are set to be booted from London’s top index tomorrow as a rapid investor sell off since Moscow invaded Ukraine has sent their shares spiralling. Evraz, which has operations in Russia and Ukraine, has had more than 80 per cent shaved off its share price since the start of the year, with around [...]
Bitcoin overtakes Russian rouble as crypto markets buoyant March 1, 2022 The Bitcoin price currently sits at around $43k, having increased more than 12 per cent over the past 24 hours.
Volkswagen factories revert to coal following EU Russian oil ban May 4, 2022 Volkswagen is being forced to revert to coal and gas to power its plants after the EU proposed a phased ban on Russian oil. Proposed today by European Commission president Ursula von der Leyen, the ban will be gradually implemented over the course of 2022. “Understanding the situation, we just decided to upgrade our coal-fired [...]
Crypto exchange Binance to block accounts of sanctioned Russians February 28, 2022 Crypto exchange Binance reportedly plans to block the accounts of Russian users who have been targeted by sanctions.
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.