M&A Purchasing Power: A US Shopping Spree in Europe? November 9, 2022 The US dollar has gained strength over the last few months. And the euro fell below parity with it in July. And the pound… well, let’s not get started. For international organizations with dollar-denominated debts, conditions have become more expensive over the course of this year. Conversely, for US consumers, a stronger dollar will lead [...]
Plus500 set to sail past targets as profit hits £369m October 11, 2022 Trading firm Plus500 said it expected to sail past profit guidance for the year today on the back of surge in trading activity as investors looked to profit from market volatility.
Gas prices spike 30 per cent amid Nord Stream pipeline explosions September 27, 2022 Gas prices have skyrocketed this afternoon, following reports of explosions at the sites of reported leaks in the Nord Stream pipeline.
Beleaguered Edinburgh Fringe responds to financial struggles of key London festival April 12, 2023 The future of the Edinburgh Fringe festival is hanging in the balance due to rising costs, the Edinburgh Festival Fringe Society’s chief executive Shona McCarthy has said. “It’s not an exaggeration to say that this festival is under existential threat,” said McCarthy, speaking on Barry Fearn’s Leading Conversations podcast. “We’ve come into 2023 with a [...]
Ukraine handed $15m crypto war chest as Russia prepares fresh Kyiv assault February 26, 2022 Ukraine's government has raised a $15 million war chest in cryptocurrency donations as Russia closes in on Kyiv.
ECB gets more nervous by the day as Eurozone inflation hits highest level ever: Sixth record in a row April 29, 2022 Inflation hit a new record for the 19 countries that use the euro as skyrocketing fuel prices boosted by the war in Ukraine add new burdens to household finances and weigh on a slowing economic recovery from the latest outbreaks of Covid-19. Annual inflation hit 7.5 per cent for April, the highest since statistics started [...]
Behind-the-story: A British volunteer soldier turned twitter persona April 13, 2022 The war in Ukraine has been fought on two fronts: on land against Russian troops – and on social media. Aiden Aslin, a British national fighting with the Ukrainian forces, personified these simultaneous struggles. The former care worker from Newark, in Nottinghamshire, was engaged in the very real fight against Russian troops. But was also [...]
Tugendhat: UK must block Russian access to the City to help stop Ukraine war January 28, 2022 The UK must get tough and block Russia from the City of London’s vast web of financial services if it is to help stop an invasion of Ukraine, senior Tory Tom Tugendhat has said. The Foreign Affairs Committee chair writes in City A.M. today that Boris Johnson should “close down the options that allow” Vladimir [...]
Frozen Russian assets should act as ‘wake up call’ for UK government, campaigners say November 10, 2022 The billions in Russian assets frozen by UK authorities since the start of the war in Ukraine should act as a “wake up call” to the British government, to ensure it never allows a “kleptocratic regime” access to the country’s economy again, campaigners have said. The record £18.39bn in assets frozen by the UK’s [...]
Grab ’em by the Porsche: EU plans to confiscate and sell Russian oligarchs’ cars, villas and other assets May 25, 2022 The EU’s executive body, the European Commision, is planning to roll out proposals to allow EU countries to confiscate assets belonging to Russian oligarchs, and then to sell them off. Assets that are currently frozen by authorities across EU member states should be sold, rather than merely frozen, two EU officials told the publication Politico. [...]