Lloyd’s of London member Beazley’s profits plummet 48 per cent as interest rate hikes dent portfolio March 2, 2023 Shares in specialist insurer Beazley today fell almost nine per cent after the firm told investors its profits had plummeted in 2022 due to a sharp drop in income from its investment portfolio. The insurer said its overall pre-tax profits fell 48 per cent in the year ending in December 2022 to $191m, as rising [...]
Aircraft lessor writes off $1.1bn loss as planes remain in Russia July 9, 2022 Aircraft leasing company SMBC has written off a $1.1bn loss as 34 of its planes remain stranded in Russia following the invasion of Ukraine. The Dublin-headquartered company, one of the biggest in the world, decided to expense the fleet’s value this financial year, as the war in Ukraine is expected to continue for some time [...]
‘World needs Britain’s leadership’: Ukrainian president Zelensky says during historic Westminster Hall speech February 8, 2023 Ukrainian President Volodymyr Zelensky said the “world needs Britain’s leadership” during a historic address to the Houses of Parliament in Westminster Hall. The wartime leader used his address to urge the UK and the west to provide fighter jets, telling MPs: “Combat aircraft for Ukraine, wings for freedom.” Zelensky also directly thanked former prime minister [...]
UK and India can ‘work through’ trade deal obstacles, PM says September 9, 2023 Rishi Sunak has signalled there is optimism the UK can conclude a trade deal with India after saying the two countries can “work through” the final negotiation hurdles. Statements made by the Prime Minister and No 10 following a meeting with Indian prime minister Narendra Modi on the fringes of the G20 summit suggested fresh [...]
UK and Ukraine launch talks on digital trade agreement August 24, 2022 The UK and Ukraine have agreed to launch talks on a new digital trade agreement as Kyiv prepares to celebrate independence day. UK trade secretary Anne-Marie Trevelyan met with Ukraine’s economy minister Yuliia Svyrydenko yesterday to confirm the talks, which are centred around supporting “Ukrainian businesses by cutting red tape and helping them to trade [...]
Exclusive: Top British swimmers back potential return of private equity November 21, 2023 Two leading British swimmers have said the defunct International Swimming League should be resurrected in the future, albeit with some changes. The league was backed initially by Ukrainian businessman Konstantin Grigorishin and saw team franchises based on locations compete across a series with elevated prize money. It was thought to have been the start of [...]
Coca-Cola HBC’s revenue fizzes almost 25 per cent – but Russia exit still hurts a year on May 3, 2023 Coca-Cola HBC AG, the bottling company of the soft drink giant, reported strong revenue growth at 22.2 per cent, but it continues to take a hit from withdrawal of its business in Russia last year. Net sales revenue were up 24.4 per cent, but the firm stated that foreign exchange movements, particularly currency devaluation in [...]
Zelensky in tell-all English interview says it’s ‘not correct’ to say if ‘good guy’ Boris Johnson should return as PM January 26, 2023 Ukrainian President Volodymyr Zelensky branded Vladimir Putin a “nobody” as he suggested that it was too late for face-to-face talks with the Russian leader to make any difference. Zelensky, who turned 45 on Wednesday, also praised his “special bond” with Boris Johnson but declined to say whether he would like to see him return as [...]
Russia suffers huge blow with Crimean bridge explosion October 8, 2022 The only bridge connecting the occupied Crimean peninsula and Russia has been engulfed in flames this morning, following reports of an explosion - taking out huge sections of road which have fallen into the Kerch Strait.
Rishi Sunak set to announce £5bn defence spending boost during AUKUS summit March 12, 2023 Prime minister Rishi Sunak is set to announce a £5bn boost to defence spending during a key summit on the US-UK-Australia nuclear submarine deal. Sunak flew to San Diego on Sunday to attend a trilateral meeting with US president Joe Biden and Australian prime minister Anthony Albanese. It’s hoped Albanese will announce Australia is purchasing [...]