More than 100 listed UK companies sound alarm as Ukraine war makes investors move away from shares to gold March 21, 2022 115 UK listed companies have now warned of the effects of the war in Ukraine in their stock exchange announcements. The number of companies warning of the risk the situation in Ukraine poses has risen almost fivefold in the past week, up from 20 the week before. So far few have quantified the impact on [...]
1 Minute Market Rundown – 21st March 2022 March 21, 2022 | City Talk Russia – UkraineRisk bouncesCrypto finds support We find it rather telling that on Friday, a day you would have expected risk to be sold as the market headed into the weekend, saw stocks and crypto push higher. Now there could be a number of reasons for this. 1) the market is becoming accustomed to the [...]
Capital punishment: private sector sanctions in Russia March 21, 2022 | City Talk The corporate response to Russia’s invasion of Ukraine is representative of a wider shift in the role of the private sector in society. Russia’s invasion of Ukraine is first and foremost a human tragedy and has far-reaching consequences for millions of people. Our thoughts are with those caught in the atrocious situation, those that have [...]
Mining giant Antofagasta to exit controversial $900m Pakistan project March 21, 2022 Mining giant Antofagasta is to exit its contentious project in Pakistan in a 900 million dollar (£684 million) deal. The FTSE 100 firm said it has agreed a deal with Canadian partner Barrick Gold Corp and authorities in Pakistan to end its involvement in the Reko Diq copper and gold mine project. It comes after [...]
Isolated but defiant Putin cheered on by 200,000 ecstatic pro-war Russians while four US soldiers die and UK convoy leaves for Ukraine March 19, 2022 Russia’s President Vladimir Putin was cheered on by 200,000 ecstatic Russians last night, an event that was broadcast live on state television across the world’s largest country. Russian Olympians wearing the nationalist “Z” symbol were celebrated on stage at a pro-war rally organised by Putin at the Luzhniki Stadium in Moscow. Social media showed gymnasts [...]
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Lazard eyeing up US equities after Ukraine invasion causes markets to plunge March 18, 2022 Asset management giant Lazard is readying to scoop up underpriced US equities after Russia’s invasion of Ukraine caused stocks to plunge in value.
1 Minute Market Rundown – 18th March 2022 March 18, 2022 | City Talk Russia – UkraineRisk bouncesCrypto finds supportDovish hike by the Old Lady Risk continued to hold in well yesterday as equity and crypto markets held on to gains posted recently. Overnight we have seen the equity rally stall as the surge in Chinese tech stocks fizzled out and oil moved back above $100 a barrel. We [...]
Ukraine invasion crumbling fast as Russia is forced to defend supply lines and loses air control despite heavy Lviv bombing March 18, 2022 Russia is being forced to divert “large numbers” of troops to defend its supply lines rather than continuing its attacks in Ukraine, British defence intelligence analysts believe. The latest intelligence assessment published by the Ministry of Defence said: “Logistical problems continue to beset Russia’s faltering invasion of Ukraine.” “Reluctance to manoeuvre cross-country, lack of control [...]
Has the Ukraine war sped up the clean energy revolution? March 18, 2022 | City Talk As energy security rises up the political agenda, we look at what Russia’s invasion of Ukraine means for climate change investing. Russia’s shocking invasion of Ukraine is having horrendous consequences, and our thoughts are with the millions of people affected. As climate change investors, we also have to consider the impact of the conflict on [...]