Some of Wall Street's biggest names are exposed to the Adani Enterprises plunge
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The company last month said it expects to pay $2 billion in EXTRA taxes in the EU and UK for the last quarter of 2022. Although I'm told: "it is the first year since 2017 it has had to pay tax" in the UK.
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I've used pre-tax profit as a fair measure of the profitability of companies, as opposed to Shell's preferred $40~ billion 'adjusted earnings', to compare companies across countries and sectors. CNBC's has written the full analysis here:
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Between 2015 and 2020, Shell, Gazprom, HSBC, BAT, and Investor AB (a Swedish investment firm) took turns to be at the top of the list of most profitable companies in Europe.
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Between 2000 and 2009, Shell had the largest annual profits among European companies. But from 2010 until 2013, Russia's state-owned Gazprom overtook the London-listed giant.
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... given where oil and gas prices have been this year, their profit level appears obvious. But Shell is also a massive company valued at $208 billion today. So their scale helps bump up those numbers. Shell also has a track record of posting massive profits...
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Three quarters of the almost 18,000 overseas companies registered in Companies House as of noon today were incorporated in BVI, Jersey, the Isle of Man, Guernsey and Luxembourg.
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How it started: how it's going:
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Lib Dem leader and ex-cabinet minister among MPs 'avoiding taxes' on second jobs
Inside the Westminster Accounts - how the database was created
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🟣 📣 The Westminster Accounts are live.
Sky News and Tortoise Media have created the first database showing the scale of money entering UK politics.
Use our tool to search for your MP and find out who has given them money 👇
#westminsteraccounts
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Yahoo plans to offer retail stock trading service, an unnamed company source tells
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Shares in the company have already declined 62% this year. How much further could it fall?
Full story: cnbc.com/2022/11/24/uks
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The market's already punishing the supermarket by making it more expensive to borrow new money. One of its bonds is currently trading at 66 pence in the pound. Yield right now at 11% is significantly higher than the 0.5% it was offering when the debt was issued in 2020.
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The hedge fund currently holds a bearish bet worth £32.6 million against the grocer. There are four other hedge funds with similar significant short positions as well.
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A short seller betting against a British supermarket says its shares could plunge by over 40%
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FTX FOUNDER: Minutes after FTX bankruptcy was signed "potential interest in billions of dollars of funding came in" 
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Breaking: Elizabeth Holmes was sentenced to more than 11 years in prison for defrauding Theranos investors
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Congrats to my fellow OSINT, Data + Forensics team. Shortlisted for the Innovation of the Year Awards at the #britishjournalismawards
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Innovation of the Year, sponsored by @GoogleNewsInit
Closed Doors: Investigating Evictions - @TBIJ
Last Man Standing - @thetimes
OSINT in Ukraine - @SkyNews
@EcoBotNet
Ukraine: The latest @Telegraph
Visual storytelling team @FT
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Wharton's Jeremy Siegel is bullish on value stocks, says it's a great time for young investors to get into market
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UK bond market moves are dramatic — and confusing. And analysts think it could get worse
Yields for 20- and 30-year gilts up some 20 bps today. Another day like this and we're back to the 5%+ level that I think some people view as a kind of danger zone.
To be clear, this is UK-specific - yields in IT/FR/DE not up anywhere close to this. (US mkt closed for holiday)
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Goldman Sachs has raised its crude oil price forecast. It put a new "very bullish" price target on oil and said it would be “unsustainable” for #OPEC+ to maintain the cuts until the end of next year...
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Credit Suisse is under pressure, but short sellers appear to be eyeing another global bank: BNP Paribas was most shorted European banking stock, w/total of $1.68bn in bets against bank’s shares, equal to 3.66% of traded shares, acc to data from S3 Partners cnb.cx/3M1SCRt
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The Bank of England intervention was one of the few pieces of bullish news since Jackson Hole, but did it matter? Britain's intervention did nothing to solve inflation or ensure earnings growth
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- They are worried about systemic risk and without move today some pension funds could have gone under (they still might)
- There’s a global bond tour going on "so probably the worst time in recent history to make unfunded pledges" says a source
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Markets are pricing-in a c.75bp increase in Bank Rate before the end of *this week* (the one-week OIS rate was 73bp above the SONIA rate a few ago). Sterling will weaken further if Governor Bailey doesn't act (I expect he'll dither but let's see...)
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Interest on the UK government's 30-year debt has risen to 4% today. First time since 2011. #minibudget2022 #trussonomics
Real-time data: cnbc.com/quotes/UK30Y-GB
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What was the Queen doing when you were born and every year of her life? Find out here: news.sky.com/story/what-the
Boris Johnson suffers more ministerial resignations in one day than any prime minister in history
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For four days in May the Mikhail Nenashev, a Russian cargo ship, seemed to disappear in the Black Sea.
Its transponder stopped recording its position on 22 May, only for it to reappear four days later less than 7 miles away. What happened in those 4 days?
trib.al/9WOv7WX
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Today was the 100th day of war in Ukraine. , and I looked at the consequences of the war so far and what might be coming next:
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Every state in America has had a school shooting incident. Great data piece from and news.sky.com/story/texas-sc
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Women are being disproportionately affected by clothing price rises - fascinating analysis by on why this is happening:
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And sticking with the cost of living crisis - explains how 1 in 4 in Britain are reportedly skipping meals due to rising prices:
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Healthcare installations in Ukraine has been hit on average 4x a day. Is it coincidental or a part of the Russian strategy? Spoiler: not coincidental.
My take is in this interactive article in Sky News by and .
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Shanghai, the most populous city in China, has been under lockdown for the past month as it pursues a 'zero-COVID' strategy for eradicating the virus
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