Moscow’s ‘Uncle Vanya’s’ fast-food chain unveils new logo following McDonalds exit from Russia March 18, 2022 A Russian fast-food chain is readying itself to become Russia’s own version of McDonalds after unveiling a new logo that bears a number similarities to the hamburger restaurant’s Golden Arches crest. The Moscow headquartered firm filed an application to patent its red and gold symbol, after a Russian politician said the country should start its [...]
Revenue sinks at JD Wetherspoon as boss says cost pressures ‘mitigated to an extent’ March 18, 2022 Revenue at pub chain JD Wetherspoon has taken a hit to the tune of 13.5 per cent as the firm warns of rising costs across its business. The company reported revenue of £807.4m, for the 26 weeks ended 23 January 2022, versus £933m in 2020. However, chairman Tim Martin said pressure on input costs from [...]
Investec set for profit boost after pandemic slowdown March 18, 2022 Anglo-South African banking giant Investec is set to report bumper profits this year as it rebounds from a pandemic slowdown in 2020.
Letters: Online banking, with a twist March 18, 2022 [Re: HSBC dives into metaverse amid shutdown of bank branches, 16 March] HSBC’s move into the metaverse is the latest in a line of high-profile brands exploring this new channel to engage with customers. It shows that Web3 is here to stay. Metaverses and NFTs are not a fad, but something that will soon become part [...]
Exclusive: Government turns to top fintechs to champion sector overseas March 18, 2022 A group of the UK’s top fintech firms will join a new government-backed body designed to help shape trade agreements and champion UK fintech internationally, as ministers look to leverage the sector as a force for trade.
City Moves: Who’s switching jobs in the Square Mile? March 18, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. EY EY has appointed a new UK partner and payments leader, as it expands its financial services technology consulting practice amid rising market demand. Joining from technology and management consultancy Capco, Alla Gancz brings over 25 years [...]
Economic sanctions must be backed up by a tax regime ready to isolate the Kremlin March 18, 2022 Almost three million people have fled Ukraine since Vladimir Putin ordered the Russian invasion nearly three weeks ago. Three million people – equivalent to the population of Wales – fighting to retain some semblance of normal life while Putin’s cruel assault shatters their homeland. And as I listen to heart-wrenching stories of individuals and families [...]
Which? calls on CAA to investigate Ryanair’s refund policy March 18, 2022 UK consumer champion Which? has called on the UK Civil Aviation Authority (CAA) to investigate Ryanair’s refund policy after a customer threatened to sue the carrier. Ryanair announced last year the introduction of a new refund policy, which sees the airline pay customer refunds into a “wallet” attached to the customers’ account. If passengers want [...]
Brits confident about travelling abroad following end of Covid rules March 18, 2022 After almost two years of “staycations” Brits feel now confident about booking trips abroad. According to a research by trade association ABTA, 57 per cent of British people have a holiday abroad booked for the next 12 months. Up 44 per cent on October levels, the figures are close to pre-pandemic levels as UK travel [...]
Luno launches investment arm for crypto start-ups March 17, 2022 London-based cryptocurrency exchange Luno has launched an investment arm aimed at pumping millions into crypto and fintech start-ups.
