Reuters UK Domestic

UK shuts out Russian companies from insurance market

3 Mar 2022

LONDON (Reuters) – Britain on Thursday said it would cut Russian companies out of the London insurance market, the world’s largest commercial and speciality insurance centre. Russian companies in the aviation or space industry will be blocked from accessing British-based insurance or reinsurance services directly or indirectly, Britain’s finance ministry said. “The UK Government will …

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London Stock Exchange says Russia sanctions have minimal impact on business

3 Mar 2022

LONDON (Reuters) – The London Stock Exchange Group said on Thursday that applying financial sanctions on Russia following its invasion of Ukraine would have only a minor impact on its business. “We are actively engaging with regulators and authorities on all relevant sanctions and taking appropriate actions. LSEG’s operations in Russia and Ukraine account for …

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Bottler Coca Cola HBC stops production in Kyiv, scraps annual forecasts

3 Mar 2022

(Reuters) – Coca Cola HBC has temporarily stopped production at its plant in Kyiv and evacuated employees following Russia’s invasion of Ukraine, the soft drinks bottler said on Thursday, adding that it scrapped its forecasts for the full year. The London-listed company, one of the many bottlers for Coca-Cola worldwide, generated about 20% of 2021 …

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UK homebuilder Taylor Wimpey to buy back shares worth $201 million after profit rise

3 Mar 2022

(Reuters) – UK homebuilder Taylor Wimpey Plc on Thursday forecast growth in the number of homes built in 2022 and announced an about 150 million pound ($201.14 million) share buyback after posting a more than two-fold surge in its annual profit. UK homebuilders have stayed optimistic about demand in the undersupplied housing market even after …

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UK intelligence says Russian advance on Kyiv has made little progress

3 Mar 2022

LONDON (Reuters) – Russia’s advance on the Ukrainian capital has made little progress over the past three days and the cities of Kharkiv, Chernihiv and Mariupol remain in Ukrainian hands, according to British military intelligence. “The main body of the large Russian column advancing on Kyiv remains over 30km from the centre of the city …

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Soccer-Foreign investment has been good for Premier League – Neville

3 Mar 2022

(Reuters) – Former England defender Gary Neville believes Roman Abramovich and other foreign owners have been good for the Premier League, saying the English top flight has become more competitive as a result. Russian businessman Abramovich said on Wednesday he would sell Chelsea Football Club, 19 years after buying the team, amid growing calls for …

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Abramovich puts Chelsea soccer club up for sale as clamour for sanctions grows

3 Mar 2022

By William Schomberg LONDON (Reuters) -Russian businessman Roman Abramovich said on Wednesday he would sell Chelsea Football Club, 19 years after buying it and setting the team on a path to sporting glory, and promised to donate money from the sale to help victims of the war in Ukraine. Amid growing calls for Abramovich to …

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