Zahawi: Energy price cap rise will cause ‘stress and anxiety’ August 26, 2022 Chancellor Nadhim Zahawi has acknowledged today’s 80 per cent price cap rise will cause “stress and anxiety” as campaigners urge the government to take action. In a move that will concern millions of Brits, this morning it was announced by Ofgem the energy price cap will rise to £3,549 per year from October. The rise [...]
A kernel of grain is driving a wedge through Europe’s response to Ukraine May 3, 2023 Poland and other EU member states have imposed a ban on grain from Ukraine. This risks leaving Ukrainian farmers in misery - and shows the cracks in the Western front, writes Elena Siniscalco
Ukrainian poultry and grain giant faces ‘complex challenges and disruptions’ amid Kremlin’s war July 22, 2022 MHP SE, the parent company of a major international poultry and grain producer based in Ukraine, announced it is experiencing “complex challenges and disruptions” following the Russia-Ukraine war. The company suffered an 11 per cent decline in poultry production from 63,735 tonnes to 63,735 tonnes in June 2022 compared to a year ago and an [...]
Renault restarts production in Moscow, backed by main shareholder, the French government March 21, 2022 The French government has backed carmaker Renault’s decision to resume manufacturing at its Moscow plants. The company had suspended production last month due to logistical issues relating to the war in Ukraine. The move was made on Vladimir Putin’s order, according to The Guardian. Renault, which the French government is the main shareholder of, has [...]
Staff left in the dark leads to ‘unengaged employees’ as half of all Brits want new job, warns Aspire chief July 28, 2022 Almost two thirds businesses have not communicated with their staff about the Russian invasion of Ukraine, according to research shared with City A.M. today. While a third of businesses have spoken to their employees about the invasion of Ukraine, almost half of these businesses have not yet outlined their plans with regard to whether they [...]
Beauty Bay eyes outright sale after ditching London IPO plans May 11, 2022 Online marketplace Beauty Bay has recruited bankers to look at options including a sale, after previously eyeing a London listing. Beauty Bay has reportedly hired Threadstone Capital to advise it as it mulls options including a full or partial sale, or snapping up other firms to further its expansion ambitions. The beauty platform is now [...]
Wagamama owner warns of ‘volatile market’ as food and drink inflation surpasses expectations May 24, 2022 The owner of Wagamama has warned food and drink inflation is anticipated to be as high as 10 per cent this year, higher than earlier estimations. In a trading update ahead of its AGM, The Restaurant Group (TRG) said its cost pressures had been exacerbated by the war in Ukraine. Food and drink inflation was [...]
UK expands sanctions to include Russian generals and media personalities March 31, 2022 The UK has hit a further 14 people with sanctions in response to Vladimir Putin’s invasion of Ukraine, with media personalities and a senior Russian general targeted. Foreign secretary Liz Truss said the latest tranche of sanctions were aimed at stopping the “torrent of lies” and propaganda coming from the Kremlin about the invasion. Rossiya [...]
EU mulls plans to ban insurers from insuring ships carrying Russian oil May 9, 2022 The European Union is considering banning insurers from insuring ships carrying Russian oil, as another means of draining Russia of the financial resources it needs to continue bankrolling its war in Ukraine. If brought into force, the new sanctions would come as another blow to Russia’s energy export industry, as the EU also weighs up [...]
Johnson will not ‘lecture’ Modi over Russia stance during India trip April 20, 2022 Boris Johnson will not “lecture” Narendra Modi about his unwillingness to condemn Vladimir Putin’s invasion of Ukraine during his trip to India this week, according to Number 10. The Prime Minister will arrive in India tomorrow for a two-day visit, which will include a meeting with Modi in New Delhi to speak about strengthening economic [...]