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Security measures in Moscow have been strengthened over the standoff between the Russian government and the Wagner Group, authorities told the Tass news agency on Saturday. "All the most important facilities, state authorities and transport infrastructure facilities have been taken under enhanced protection," a law enforcement source said, adding that units of the Russian National Guard have been put on alert.

Security forces have been deployed to a number of important sites in Moscow, reports said. The Federal Security Service also said some tourist sites, including the Red Square and the Lenin Mausoleum, will be closed to visitors on Saturday for Russia's Youth Day.

Baha Breaking News (BBN) / DJ

The head of Russia's Wagner mercenary group is being investigated for inciting mutiny after accusing the Russian military of a launching a deadly missile strike on his troops.

Yevgeny Prigozhin said the "evil" in the military leadership must be stopped and vowed to "march for justice".

Authorities have denied the strike and demanded he halt "illegal actions".

President Putin is aware of the situation and all necessary measures are being taken, his spokesman said.

It represents an astonishing escalation of infighting inside Russia.

The Wagner Group is a paramilitary organisation that has been fighting alongside Russian forces in Ukraine. In recent months, Prigozhin has become increasingly vocal in his criticism of Russia's military leadership.

In an audio message posted to the social media platform Telegram, he said "huge numbers" of his fighters had been killed in a strike by the Russian military on a Wagner camp, though he provided no evidence to support his claims.

"Those who killed our lads, and tens of thousands of lives of Russian soldiers [in the war in Ukraine] will be punished," he said.

https://www.bbc.co.uk/news/world-europe-66005256

James Cameron, director of the 1997 Titanic film who has completed 33 dives to the wreck, said he suspected a disaster after the sub went missing

It's emerged the US Navy originally detected “an acoustic anomaly consistent with an implosion” shortly after the Titan lost contact on Sunday

James Cameron, director of the 1997 Titanic film who has completed 33 dives to the wreck, said he suspected a disaster after the sub went missing

It's emerged the US Navy originally detected “an acoustic anomaly consistent with an implosion” shortly after the Titan lost contact on Sunday

Nat Rothschild sounded super-bullish, far more so than in previous webinars, which are sometimes quite flat. I noted down that he was using too many superlatives, everything seemed to be "incredibly", "exciting", etc. It was a bit too much I thought. But I'd rather have that, than them sounding cautious!

Overall though, it sounds like the business is doing great, and the acquisition looks very shrewd, and the culmination of a 3-year process to get to know the (retiring) owners. Turkey sounds a great place to be building up facilities to supply European customers who now don't want to be dependent on extended & wobbly supply chains from the Far East.

Best line was his answer to a question on whether the shares are undervalued,

"I've just invested £15m, because I think it's cheap. Enough said!"

Banks/Supermarkets share prices under pressure, AGAIN.

Accused of profiteering by Government.

Called in for more meetings.

France has agreed price caps on basic foods

Revolution Beauty (REVB) Q3 rev up 60%. EBITDA at constant currency £3.5m (£7.4m loss). Tells boohoo where to stick its lipstick, again.

[SP=8.25 Cap=26m]

FTSE100 DOWN 0.25%

view live >>>>>>

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.teletrader.com/europe-lower-premarket-with-data-on-the-horizon/news/details/60211048?internal=1

The United States Multnomah County said on Thursday in a statement that it has filed a lawsuit against major fossil fuel and coal-producing companies, as it wants to hold them accountable for "the damages arising from the 2021 Pacific Northwest Heat Dome," labeling this "one of the most deadly and destructive human-made weather disasters in American history."

The County claimed that the "combined historical carbon pollution from the use of Defendants’ fossil fuel products was a substantial factor in causing and exacerbating the heat dome, which smothered the County’s residents for several days."

Among those sued are ExxonMobil Corporation, Shell plc, Chevron Corporation, BP plc, and 13 others. The County asked for $50 million in actual damages and $1.5 billion in future damages. In addition, it also "seeks an abatement fund, estimated at $50 billion, to study, plan, and upgrade the public health care services and infrastructure that will be reasonably necessary to 'weatherproof'" the area.

Baha Breaking News (BBN) / AY

The United States Multnomah County said on Thursday in a statement that it has filed a lawsuit against major fossil fuel and coal-producing companies, as it wants to hold them accountable for "the damages arising from the 2021 Pacific Northwest Heat Dome," labeling this "one of the most deadly and destructive human-made weather disasters in American history."

The County claimed that the "combined historical carbon pollution from the use of Defendants’ fossil fuel products was a substantial factor in causing and exacerbating the heat dome, which smothered the County’s residents for several days."

Among those sued are ExxonMobil Corporation, Shell plc, Chevron Corporation, BP plc, and 13 others. The County asked for $50 million in actual damages and $1.5 billion in future damages. In addition, it also "seeks an abatement fund, estimated at $50 billion, to study, plan, and upgrade the public health care services and infrastructure that will be reasonably necessary to 'weatherproof'" the area.

Baha Breaking News (BBN) / AY

Market pricing in 5.5% base rate for THREE YEARS !

Didn't suffer for 5 days

Instant death

"Analysts at Jefferies noted that Ocado's share price has struggled post pandemic and with about 14% of its free float out on loan has been a popular stock for short sellers.

"It's in this context that the overnight news of bid interest from Amazon (and others) should first be seen," they said.

In February, Ocado plunged to a 501 million pound ($640 million) full year loss as it took a big accounting charge and profits at its joint venture with Marks & Spencer were wiped out."

Never used them but they joined up with M&S food, so a bigger choice for you.

SUMMARY

The AMAZON takeover speculation caused a huge short squeeze, as OCDO is heavily shorted.

No m8......unfortunately

But was on my watchlist

Correction....

Sharecast News

Ocado surges on Amazon bid speculation

UP 20%

huge short squeeze

lovely jubbly....

FTSE100 DOWN 0.75%

view live >>>>>

https://www.ig.com/uk/indices/markets-indices/ftse-100

https://www.teletrader.com/europe-down-in-premarket-as-boe-rate-decision-nears/news/details/60203688?internal=1

United States House Speaker Kevin McCarthy urged fellow Republican lawmakers not to vote to impeach President Joe Biden, US media reported on Wednesday. GOP Representative Lauren Boebert introduced articles of impeachment on Tuesday that could trigger a vote in the House next week. She accused Biden of "unconstitutional dereliction of duty" at the Mexican border.

A lawmaker claimed McCarthy said a rushed impeachment would "strengthen Biden and weaken us," according to an NBC News report. He also told reporters that voting on impeaching the president now would undercut the ongoing Republican investigation into Biden and his family, preferring to let various House committees pursue their probes. " don’t want to do anything that harms the investigation we’re going through right now," McCarthy said.

Baha Breaking News (BBN) / DJ