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UK’s richest woman gets £300m annual pay

  Bloomberg Even after a salary cut, Denise Coates’ paycheck is hard to beat. The 54-year-old founder and co-chief executive officer of Bet365 Group Ltd got about 300 million pounds ($400 million) in pay and dividends in the year to March 2021, according to a registry filing, taking her total pay from the online bookmaker’s past two financial years to ...

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Finnish utility halts all new investments in Russia

  Bloomberg Finland’s Fortum Oyj will stop all new investment projects and cut the number of its power plants in Russia, pulling back just as it looks to bolster energy generation at home. The utility is following global energy giants from BP Plc to Exxon Mobil Corp. in retreating from Russia after President Vladimir Putin’s invasion of Ukraine. While Fortum ...

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Stocks reverse early gains as commodity prices surge

  Bloomberg Stocks reversed early gains on Thursday. Europe’s Stoxx 600 Index was slightly lower and most US futures slipped. Utilities led declines, while mining and energy stocks advanced as oil soared to the highest level since 2008. Commodities markets from metals to oil and gas have been upended by the Ukraine crisis as big corporates withdraw from Russia, lenders ...

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