M&A slumps as UK dealmakers sit out rocky markets December 6, 2022 Mergers and acquisitions in the UK have slumped back to pre-pandemic levels this year as dealmakers play the waiting game amid wild swings on the markets, official figures have revealed. A total of 459 domestic and cross-border deals were completed in the third quarter of the year, nine down on the previous quarter and 159 [...]
Ukraine’s ‘destruction’ of Russian warship welcomed by UK government December 26, 2023 Britain has welcomed claims that Ukraine has destroyed a Russian naval ship in an air strike on a Black Sea port as a sign the war has not reached a “stalemate”.
London trial: Ukraine’s bank accuses former owners of ‘fraud on epic scale’ and money laundering June 12, 2023 Ukraine’s biggest bank has accused two former owners of “fraud on an epic scale” covered up by “money laundering on a vast scale” at a High Court trial in London. JSC Commercial Bank Privatbank says former owners Igor Kolomoisky and Gennadiy Bogolyubov misappropriated more than £1.5 billion (nearly two billion US dollars). A judge began [...]
Investors give Airbnb lukewarm reaction despite rental giant posting largest booking numbers ever August 3, 2022 Airbnb posted weaker-than-expected results for the second quarter as the rental firm struggles to please investors.
US Federal Reserve achieving soft landing will be challenging but doable May 10, 2022 Hiking interest rates to tame a 40-year high inflation spike without throwing the US economy off course will be difficult, but doable, a top stateside rate setter said today. “The ongoing pandemic and war in Ukraine bring a tremendous amount of complexity and uncertainty” to the trajectory of prices, John Williams, president of the New [...]
The Rolls-Royce share price topped the FTSE 100 this year as investors cheered the new chief’s plan, but will the rally continue in 2024? December 29, 2023 Rolls-Royce has been the talk of markets this year and is the fastest riser on the FTSE 100. How will the stock fare in 2024?
Petra Diamonds posts sparkling revenue as demand and price surge April 20, 2022 Revenue was up 33 per cent to $140.6m for Petra Diamonds, as the price of diamonds spike by over 30 per cent from 2021.
Adams Plc remains in the red as geopolitical unrest drags on assets June 27, 2024 Investor in distressed and dysfunctional assets Adams Plc blamed elevated trade tensions with China and the ongoing Russia-Ukraine war for posting another loss in its full year results.
Rishi Sunak at G7 in Italy announces horde of 50 new Russia sanctions June 13, 2024 The Tory leader also announced fresh support for Ukraine in its war against the Kremlin, which has now been going on for two years and more than three months.
Fuel pump theft on the rise as petrol reaches £100 for first time June 11, 2022 Thefts at fuel pumps have soared as Britons are increasingly struggling to pay for the petrol and diesel to fill up their cars. According to data from Forecourt Eye, non-payment methods such as driving away or pretending not to have a a wallet have gone up 39 per cent since January. “This is not a [...]