M&S franchises remaining open in Russia is ‘buttressing Putin’s brutality’, Tory MP says March 18, 2022 Marks and Spencer has been urged to close its stores in Russia by a Conservative MP. Marks and Spencer has been urged to close its stores in Russia by a Conservative MP. The representative for Rutland and Melton, Alicia Kearns, made her comments while hosting four Ukrainian politicians on Thursday. This comes as major international [...]
Abramovich’s toxic Chelsea FC legacy must make us rethink ownership in our communities March 18, 2022 Chelsea football club is in limbo. It can’t sell tickets or shirts, it can’t even renew contracts. This is a London cup-winning team that has been sent to Coventry and has no idea how long it will stay cut off. Dozens of players, thousands of employees and millions of fans are all now suffering for [...]
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 [...]
Owner of Burger King says local operator in Russia ‘simply refuses’ to shut down all 800 fast food branches March 18, 2022 The owner of Burger King has said the operator of its 800 stores in Russia has “refused” to close them. The president of Restaurant Brands International (RBI), which owns Burger King and has operated its restaurants in Russia for a decade in a joint venture which includes Alexander Kolobov, said the company was attempting to [...]
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.
Europe set to open higher as Bank of Japan keeps policy unchanged March 18, 2022 European and US stocks have continued to recover lost ground this week, despite there being little prospect of a ceasefire, or imminent cessation of hostilities, between Russia and Ukraine. “We did falter a little bit during the European trading session after the Kremlin poured cold water on reports of major progress on peace talks, calling [...]
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 [...]
Gold prices recover despite Federal Reserve rate hike March 17, 2022 Gold prices have surged to $1,941 per ounce despite the US Federal Reserve increasing interest rates by 25 basis points.
McKinsey pulls staff out of Russia and sends them to Kazakhstan March 17, 2022 Consultancy giants McKinsey and BCG are pulling their staff out of Russia and sending them to the former Soviet republics of Kazakhstan and Azerbaijan. Big Three consulting firm McKinsey has already sent its Russian employees to Almaty, the largest city in Kazakhstan, according sources speaking to Financial News. Meanwhile, Boston Consulting Group (BCG) is [...]
Ofgem strengthens licensing criteria for new suppliers March 17, 2022 Ofgem will demand new suppliers have clear financial and risk management experience in the latest reforms announced by the regulator.