How the entertainment industry is responding to the Russian invasion of Ukraine – The Boston Globe

How the entertainment industry is responding to the Russian invasion of Ukraine – The Boston Globe

As Russia continues its full-scale invasion of Ukraine, the world is weighing what measures to take…
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FTSE 100 drops on banking stocks, Flutter Entertainment weakness | Reuters

British pound coins are seen in front of displayed stock graph in this illustration taken, November 9, 2021. REUTERS/Dado Ruvic/Illustration March 1 (Reuters) – London’s FTSE 100 fell on Tuesday as the worsening Ukraine crisis pushed shares of heavyweight banking and Russia-exposed miners lower, while Flutter Entertainment dropped on downbeat earnings. The blue-chip index (.FTSE) ended 1.7% lower, with HSBC (HSBA.L), Prudential (PRU.L), Lloyds Banking Group and Barclays (BARC.L) among the biggest drags. Yields on UK bonds – both longer and shorter-dated – dropped as investors sought safe investments. Russia on Tuesday warned Kyiv residents to flee their homes and rained rockets down on Kharkiv, as Russian commanders who have failed to achieve a quick victory shifted their tactics to intensify the bombardment of Ukrainian cities. read more Russia-exposed miners Polymetal (POLYP.L) and Evraz (EVRE.L) tumbled further, paving the way for the shares to drop out of the blue-chip index at this month’s quarterly review. read more “Russia is starting a new phase of the campaign, bringing a lot more force to bear … which poses the risk that the West will encounter growing pressure to sanction Russian oil and gas exports, with all that would entail,” said Neil Wilson, chief market analyst at Markets.com. The FTSE 100 has slipped 0.7% so far this year, still significantly outperforming the wider European stock aggregate (.STOXX) and the S&P 500 (.SPX) thanks to solid gains in commodity-focused shares. Shell (SHEL.L) dipped 1.1% after the company said it would exit all its Russian operations, including a major liquefied natural gas plant, becoming the latest oil major to quit the country following the invasion of Ukraine – which Moscow calls a “special operation.” read more Among other stocks, Flutter Entertainment (FLTRF.L) dropped 12.4% after the gambling firm posted an 11% fall in 2021 earnings. read more Bucking the sombre mood, AstraZeneca (AZN.L) shares rose 1.8% after it agreed with Swiss biotechnology firm Neurimmune to develop an antibody-based therapy for a rare, underdiagnosed condition that can lead to heart failure in a deal valued up to $760 million. read more Sign up to our investor newsletter to get the latest news and trends in global financial markets. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays.
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Entertainment Industry Mobilizes to Sanction Russia Over Ukraine – Variety

The Business of Entertainment An ongoing conflict between Russia and Ukraine dating back to the col…
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