Ikea announces sale in Russia ahead of exit as staff run through store in search of a bargain July 5, 2022 People were seen running through Russian Ikea stores to grab a bargain as the retailer announced it is holding a sale before quitting the country. Footage shared online reportedly showed people sprinting through a store, while the Russian-language site for the Swedish furniture giant reportedly went down under weight of demand. The flat-packing retailer announced [...]
Gold prices recover despite Federal Reserve rate hike March 17, 2022 Gold prices have surged to $1,941 per ounce despite the US Federal Reserve increasing interest rates by 25 basis points.
Finncap seeing ‘green shoots’ of recovery after swinging to £1.7m loss July 13, 2023 City broker and investment bank Finncap said it is seeing “green shoots” of recovery in the market this year as revenues ticked upwards again after it swung to a loss last year.
Peel Hunt says revenues will tumble to £40.5m as capital market slump continues October 3, 2022 Investment bank Peel Hunt said it expected revenues to come in at £40.5m in the first six months of the year as it continues to feel strain of a slump in capital markets activity this year.
Treasury grants licence to pay contracts for Russia’s Gazprombank until May 31 April 22, 2022 The treasury has granted a licence to pay Russia’s Gazprombank and its subsidiaries until the end of next month. The decision was made to ensure gas supplies continue to flow to the European Union according to a document seen by Reuters. The license allows an individual or firm to continue paying any contracts that began [...]
Yevgeny Prigozhin: UK watching closely following reports of Wagner chief’s death in plane crash August 24, 2023 UK ministers are closely watching Russia following reports that the leader of the Wagner mercenary group died in a plane crash. Yevgeny Prigozhin, the Wagner chief, was reportedly on the passenger list of a private jet which went down almost 185 miles north of Moscow on Wednesday, according to Russian authorities. All 10 people on [...]
Oil prices up three per cent to nine-week high on supply concerns July 8, 2023 Oil prices climbed about three per cent to a nine-week high on Friday as supply concerns and technical buying outweighed fears that further interest rate hikes could slow economic growth and reduce demand for oil. Brent futures rose $1.95, or 2.6 per cent, to settle at $78.47 a barrel, while U.S. West Texas Intermediate crude [...]
Brewing concern: Heineken warns inflationary pressures could mean beer sales fall later this year April 20, 2022 Brewing giant Heineken said it sold more beer than expected when European bars reopened, meaning it will maintain its guidance despite volatility from war in Ukraine. Beer sales rose to a greater extent than anticipated in the first quarter, the Dutch business said. Volumes rose 5.2 per cent on a like-for-like basis compared to the [...]
Ukraine war day four: Russian Army enters country’s second-largest city as fighting continues February 27, 2022 Russian troops have entered Ukraine’s second-largest city of Kharkiv and fighting is under way in the streets, Ukrainian authorities have said. Oleh Sinehubov, head of the Kharkiv regional administration, said Ukrainian forces are fighting Russian troops in the city and asked civilians not to leave their homes. Russian troops approached Kharkiv, which is located about [...]
Could financial services dealmaking rebound this year? EY thinks it might February 20, 2023 The value of dealmaking among UK financial services firms could rebound this year after a sharp slump in 2022, as volatile valuations settle and private equity firms swoop back into the market, EY has predicted. The predictions come after the total value of deals in the UK fell 40 per cent last year to £15.2bn [...]