London Stock Exchange blocks trading of Russian firms after sell-off frenzy March 3, 2022 The London Stock Exchange (LSE) has blocked trading of 27 Russia-linked firms today after their value plummeted as investors scrambled to sever ties with Russia and limit their exposure to Western sanctions.
Ed Warner: Sport needs a united front against Russia, not patchwork of policies March 3, 2022 On the opening day of Russia’s invasion of Ukraine the Polish wheelchair rugby team decided not to take to the court in their Euros group match against Russia in Paris. A classy move. If only others were so decisive. The leaders of world sport are already divided in their response to Vladimir Putin’s war. It [...]
Government confirms Russia can still send oil and gas to the UK despite port sanctions March 2, 2022 The government confirms Russia can still send oil and gas to the UK, despite a ban on the country's ships docking at British ports.
Balancing ties: The countries lagging in their response to Russia’s invasion of Ukraine March 2, 2022 As Europe throws its support towards Ukraine amid Russia’s invasion, a number of international players have remained quiet, trying to balance their ties between Kyiv and Moscow. A trend of neutrality has emerged from India, Brazil, the UAE, Azerbaijan and China. However, others have backed Russia, tempted by trade deals and owed favours. Pakistan today [...]
Clock ticking on Roman Abramovich after he puts Chelsea up for sale March 2, 2022 Chelsea owner Roman Abramovich has put the Premier League club up for sale – but faces a race against time to find a buyer amid the continued threat of sanctions. Abramovich has hired US bank the Raine Group to advise on a deal and is believed to want £3bn for the reigning European champions, who [...]
TUI’s main shareholder Alexey Mordashov resigns following EU sanctions March 2, 2022 Russian billionaire Alexey Mordashov resigned today from travel firm TUI’s board after he became a target of the EU sanctions against Russia. Mordashov, a close friend of Vladimir Putin, has been TUI’s majority shareholder for around 15 years, owning 34 per cent stake of the company. The remaining 66 per cent is owned by several [...]
Gas prices spike as Russia ramps up invasion of Ukraine March 2, 2022 Gas prices spiked across the continent amid festering fears of supply constraints following Russia's invasion of Ukraine.
Trafigura freezes Russian investments and reviews options for Vostok oil stake March 2, 2022 Trafigura has revealed it has frozen its Russian investments, and is reviewing its 10 per cent stake in Kremlin-backed project Vostok Oil.
Gold – the only “safe haven” asset? March 2, 2022 | City Talk The Russian invasion of Ukraine has had many consequences – first and foremost is its devastating humanitarian impact. While we cannot lose sight of how many millions of people are affected, as investors we are conscious that this is a time of great uncertainty. Schroders’ live blog on the Ukraine crisis will be updated regularly [...]
Wizz Air’s load factor increases despite Ukraine conflict March 2, 2022 Low cost airline Wizz Air is on track to get back to pre-Covid levels, as the Ukrainian conflict has so far impacted the carrier marginally. In February, Wizz Air carried 1.9 million passengers at a load factor of 91 per cent – a 258 per cent increase on February 2021. Even though it was forced [...]