Polymetal’s board exodus, Royal Mail and Ocado’s fuel headache, war changes broker stance and are sanctions effective?

1. Six board members leave as Polymetal regains some losses

Six board members of Russian-linked mining giant Polymetal International have left with immediate effect, with trading in the company’s shares later reviewed by the London Stock Exchange review after a suspicious 700% spike during morning trading.

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2. Royal Mail and Ocado hedge fuel but investors still worried

Delivery companies Royal Mail and Ocado Group’s shares are feeling the pain today as, like airlines, they adjust to the impact of rising fuel costs on distribution plans.

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3. UBS not as bullish as competitors

Russia’s invasion of Ukraine has such a broad range of possible outcomes that UBS has decided to downgrade its stance on shares, which is in stark contrast to the strategic call by another broker over the weekend.

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4. Footsie ends lower as Ukraine conflict rages

The FTSE 100 index closed 27.66 points, or 0.40% lower on Monday at 6,959.48 amid higher energy prices stemming from the Russia-Ukraine conflict.

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5. Will sanctions actually hurt Vladimir Putin and Russia?

In a sense, neither Visa nor Mastercard ever stood a chance, since leveraging the global financial system looks to be the West’s key weapon in this opening phase of the Second Cold War.

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Take a look ahead to some of tomorrow’s news

Updates are due from Greggs, Fresnillo, Direct Line and many more.

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