Gas prices keep rising as Russia sanctions mount

Good morning. 

Barclays has unveiled it can be suspending the payment of share awards to its previous boss Jes Staley amid ongoing investigations into his relationship with the late sexual intercourse offender Jeffery Epstein.

Mr Staley, who stepped down from the FTSE 100 bank in November, was becoming handled as a “good leaver”.

At the time, it was announced that he would pocket an once-a-year payout of £2.4m in income and shares moreover a £120,000 pension allowance and other positive aspects.

He owns 5.7m shares worth close to £10m and was also entitled to as many as 11.4m shares valued at £22.5m if the lender hits targets in coming decades. The frozen awards are imagined to consist of a 2019 reward topic to effectiveness amongst 2019 and 2021. It was worthy of up to £3.3m.

Barclays said virtually 70pc of Mr Staley’s variable remuneration remains unvested, introducing it hadn’t produced any even more decisions concerning the previous boss’ shell out.

5 things to start your day 

1) Britain has logged out of the EU – now it needs a Brexit tech revolution  As the United kingdom strikes out from the EU, MPs say new thoughts on knowledge must form the spine of deregulation

2) Inheritance tax revenues strike document large as Treasury gets added £700m  Rocketing dwelling charges and frozen thresholds have observed more hard cash handed about in so-termed ‘death duties’

3) Data Commissioner calls time on the ‘drag’ of Brussels’ information rules  A new era of data regulation could mean an end to ‘cookie’ pop-ups 

4) HSBC faces US probe into bankers’ use of WhatsApp for work  WhatsApp is not approved for ‘business-delicate messages’

5) Hargreaves Lansdown shares plunge as pandemic buying and selling increase ends  The expenditure platform’s earnings fell as personnel returning to the place of work have considerably less time to trade and make investments

What took place overnight 

Equities mainly rose on Wednesday and oil price ranges stabilised as traders tracked developments in Ukraine. In early trade, Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei and Jakarta ended up all in favourable territory. Singapore and Manila slipped and Tokyo was closed for a vacation.

Coming up nowadays

• Corporate: Aston Martin Lagonda, Barclays, Capital & Counties Qualities, Hochschild Mining, Rio Tinto, Unite Group (entire-12 months benefits) Ted Baker (investing update)
• Economics: Bank of England financial plan report hearings (United kingdom)