AUS
NZ
UK
CA
USA
IND
.jpg)
_06_04_2026_00_29_48_108019.jpg)
Highlights
- The UK government has imposed travel bans on Russian individuals as well as businesses and has frozen their assets.
- Imperial Brands and Wizz Air have suspended their operations in Ukraine due to the war.
- BP is under enormous pressure to ditch kits stakes in the Russian oil giant Rosneft.
After Russia launched a full-blown attack and started invading Ukraine on Thursday, several companies suspended their operations in Ukraine, or are under immense pressure to do so as the UK Government is imposing sanctions on Russia along with the US and EU. The UK Government has imposed travel bans on Russian individuals as well as businesses and has frozen their assets. Major Russian banks are also being targeted to hit Putin where it hurts.
Leading UK-based tobacco company Imperial Brands has made an announcement regarding the suspension of its operations in Ukraine on Thursday. Around 600 people are employed by the tobacco company in Ukraine, and it mainly manufactures Backwoods cigars and Winston cigarettes. Hungary-based budget airline Wizz Air has also shut down its operations in Ukraine due to the war and is currently focusing on evacuating its staff based in Ukraine along with its aircraft.
© 2022 Kalkine Media®
Oil supermajor BP has also been hit hard due to the Russia-Ukraine crisis despite surging oil prices. This is mainly because BP owns around 20% of the Russian oil giant Rosneft, which has a secondary listing on the LSE. BP is, thus, facing enormous pressure to ditch its stakes in the state-owned Rosneft as a retaliation measure.
Let’s briefly look at the share price performance of the above-mentioned companies.
RELATED READ: PJSC Gazprom, Rosneft: Should you hold these amid sanctions against Russia?
Imperial Brands plc (LON: IMB)
British tobacco firm Imperial Brands plc is listed on the main market of the London Stock Exchange since October 1996. The market cap of the FTSE100 constituent stands at £15,410.87 million as of 24 February 2022 and it’s offering a current dividend yield of 8.0% a year.
The company has performed well over the past year and has delivered a one-year return of 15.82% to its shareholders as of 24 February 2022, while its year-to-date return stands at 0.07%.
Imperial Brands plc’s shares closed at GBX 1,621.50 on 24 February 2022.
BP plc (LON: BP.)
Oil supermajor BP plc is listed on the main market of the London Stock exchange since March 1954. The market cap of the FTSE100 constituent stands at £71,331.78 million as of 24 February 2022 and it’s offering a current dividend yield of 4.1% a year.
BP has reported solid results even through the pandemic phase, and it has delivered a return of 22.27% its shareholders over the last one year as of 24 February 2022, while its year-to-date return stands at 10.54%.
BP plc’s shares closed at GBX 365.35 on 24 February 2022.
RELATED READ: Shell, BAT, Vodafone: Are these best performing FTSE stocks now?
© 2022 Kalkine Media®
Wizz Air Holdings plc (LON: WIZZ)
Ultra-low-cost carrier, Wiz Air, is listed on the main market of the London Stock Exchange since March 2015. The market cap of the FTSE250 constituent stands at £3,288.02 million as of 24 February 2022.
As the travel sector has been hit the hardest due to the pandemic-related restrictions, the budget airline hasn’t been able to endure well and has given a negative return of -40.87% over the last one year as of 24 February, while its year-to-date return stands at -23.83%.
Wizz Air Holdings plc’s shares closed at GBX 1,621.50 on 24 February 2022.
Note: The above content constitutes a very preliminary observation or view based on industry trends and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
