Israel and Ukraine deny claims Zelensky was told to ‘surrender’ to Putin’s demands March 12, 2022 Israel and Ukraine have denied claims that Israeli prime minister Naftali Bennet told Volodymyr Zelensky to strike a deal with Vladimir Putin, in order to end Russia’s invasion of Ukraine. The denials come after US new site Axios said Bennet had advised Zelensky to accept Putin’s proposals and cave in to Russia demands, to end [...]
Will oil prices hit $100 a barrel in 2024? April 9, 2024 Against many market bets, oil prices have risen sharply throughout the first quarter of 2024. But can prices hit $100 this year?
Ukraine war turns nuclear as Russian shells fall directly onto Europe’s largest power plant amid heavy fighting March 4, 2022 Fears grow for an explosion as Russian forces are shelling the continent’s largest nuclear power plant, which has reportedly caught fire around 1am UK time. Nuclear plant spokesman Andriy Tuz told Ukrainian television that shells fell directly on the facility, and set fire to a reactor that is not operating and to an administrative training [...]
More Consolidation Ahead for Europe’s Consumer Sector? October 10, 2022 Europe’s consumer industry has suffered as a result of the COVID-19 pandemic and has had to adjust quickly to survive. Lockdowns froze physical players and e-commerce provided a lifeline for survival for some. But the easing of restrictions did not necessarily help: consumer behaviours have clearly changed and retail footfall has not recovered to pre-pandemic [...]
Sofa giant DFS suffers big slump in profits after ‘grim year’ amid sharp retail downturn September 15, 2022 DFS said this morning the sofa seller has suffered a big slump in profits. Moreover, the company warned that the industry is facing a downturn as soaring bills mean fewer customers are in the market for a new sofa. DFS said pre-tax profit dropped 43 per cent to £58.5m in the financial year that ended [...]
Uber works with UN to deliver emergency food and supplies in Ukraine June 8, 2022 Uber has created a "private-label" version of its platform to help the United Nations deliver food and water supplies to parts of Ukraine.
Lloyd’s of London to give staff £2,500 helping hand ahead of winter September 8, 2022 Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation. Chief Executive John Neal told City A.M. this morning that it was set to be a “pretty rotten winter” and “as employers we’ve got an obligation to think, to care [...]
M&A Roundup: HY 2022 September 13, 2022 This year has been challenging on many levels – inflation is impacting economic demand, the cost of living crises carries on, and the war in Ukraine continues. However, in terms of M&A, EMEA is withstanding the headwinds rather well. Per Mergermarket figures, deal count totalled 4,963 compared with 6,182 in H1 2021, a fall of [...]
Concern for millions as Ofgem confirms forced prepayment meter ban ends in April February 16, 2023 The suspension on forced installations only extends until the end of March, confirmed watchdog Ofgem in a letter to suppliers.
UK inflation to hit generational high of 9.5 per cent as Russia-Ukraine war sends energy prices soaring March 2, 2022 The spillover impact of Russia ramping up its assault on Ukraine on energy prices will send the cost of living in the UK to a level not seen in a generation, reveal fresh forecasts by top City analysts. Fears over Moscow squeezing oil and gas flows in retaliation to Western sanctions has pushed energy prices [...]