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Evening Standard
Revolution Bars reviews use of Russian vodka
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Evening Standard
A plan to pay for rebuilding Ukraine with City investments in Russia
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Sky News
Protecting his workers or his wallet? Billionaire Russian stays silent on Putin
Mikhail Fridman is one of the gilded handful of super-rich Russians who find themselves under scrutiny following the invasion of Ukraine.One of London’s most prominent and public oligarchs, late on Monday he and his closest associate Petr Aven were placed on a European Union sanctions list accused of profiting from and enabling Vladimir Putin’s regime. …
Business
Sky News
Which company will be next to dump pariah state Russia?
Decisions by BP and Shell to exit their investments in Russia, along with Norway’s $1.3tn sovereign wealth fund and Australia’s $143bn Future Fund, have thrown the spotlight on other major international companies yet to disinvest.BP on Sunday announced it would “exit” its 19.75% stake in Rosneft, the Russian state-controlled oil giant, while on Monday night …
Business
Sky News
Bain and CVC abandon £6bn pursuit of high street chemist Boots
One of the leading contenders to buy Boots, the high street chemist, in a £6bn deal has abandoned its pursuit in a move that could pave the way for a takeover by Asda.Sky News has learnt that a consortium comprising Bain Capital and CVC Capital Partners decided against submitting an offer for Boots last week. …
Business
Sky News
Visa and MasterCard exile Russia from networks
Visa and MasterCard, which together handle 90% of all debit and credit card payments outside of China, have blocked a number of Russian financial institutions from their networks, dealing another heavy blow to the country’s economy. Both companies confirmed that they had moved quickly to comply with US sanctions imposed on Russia following its invasion of …
Business
Business Live
East Midlands Freeport tax breaks go live in three weeks
Tax incentives for businesses in the East Midlands Freeport areas will come into effect before the end of the month. The Government has confirmed that eligible companies investing in its three zones – around East Midlands Airport, the Ratcliffe on Soar power station redevelopment site and the East Midlands Intermodal Park near the Derbyshire Toyota …
Business
Business Live
Accountancy group Azets strikes deal to acquire Dorset firm
An independent Dorset accountancy firm has been acquired by UK accountancy and business advisory group Azets for an undisclosed sum. Poole-based Inspire Accountants was established in 2004 by Warren Munson and has an office on Commercial Road. The firm employs 30 staff and provides services to around 1,000 clients across Bournemouth, Poole and the wider …
Business
Business Live
News giant Reach hails digital success as revenues rise and key customer registration target hit
Media giant Reach has hailed the success of its online strategy and vowed to continue investing in growth as its digital growth more than offset print decline. Reach, whose brands range from the Mirror and the Express to Wales Online and the Manchester Evening News, reported its full year results for 2021 today. Revenue for …
Business
Business Live
Huge profits hike at TransPennine Express revealed as train fares hit by largest rise since January 2013
Pre-tax profits at TransPennine Express surged by more than £70m over the last year ahead of the largest rise in train fares since January 2013. The train operator, which is owned by FirstGroup, has reported profits of £72.1m for the 12 months to March 31, 2021, up from the £3.5m loss it posted for the …
Business
Business Live
Final amount agreed for Good Energy’s wind and solar portfolio
Green energy firm Good Energy has said it’s agreed to sell its wind and solar generation assets for a final total consideration of up to £21.2m. The Chippenham-based company announced a deal for its 47.5MW renewable portfolio in January with investment firm Bluefield Solar Income Fund (BSINF). The Aim-listed business made the move as part …
Business
Sky News
Warner, Disney and Sony pull major films from Russia over Ukraine invasion
Warner Brothers, The Walt Disney Company and Sony Pictures will not release their latest films in Russian cinemas, in response to the conflict in Ukraine.The major Hollywood studios announced their decisions on Monday as Russian military forces continued attacks on Ukrainian cities. The decisions mean that superhero blockbuster The Batman starring Robert Pattinson, computer-animated fantasy …

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