From Jamie Oliver to Jeremy King and Jason Atherton: Top restaurants opening in London in 2023 and beyond August 23, 2023 London may be in that strange, midsummer quiet period but the restaurant industry is already gearing up for the autumn rush, with some of the most exciting launches since the pre-Covid times lined up over the coming months. Whether it’s the iconic The Wolseley opening its second venue on King William Street in the City, [...]
XTX Markets billionaire founder almost doubles his wealth in a year August 22, 2023 Alex Gerko, founder of XTX Markets, has nearly doubled his net worth in just one year, according to the latest Bloomberg Billionaires Index. The 43-year-old, who launched the London-based proprietary trading and market-making business in 2015, is now worth £8.5bn following a bumper year for the business. In June, it was reported that revenue from [...]
Gas prices spike as Australian LNG workers vote for strike action August 21, 2023 Gas prices have risen across the continent this morning after labour unions in Australia announced plans to strike in less than two weeks/
Domino’s franchisee to declare Russian business bankrupt August 21, 2023 The Russian arm of fast food chain Domino’s is likely to close after its London-listed parent company decided to put it into bankruptcy. Apparently failing to find a buyer for the Russian business, DP Eurasia said it has decided its subsidiary should instead file for bankruptcy. The franchisee runs around 170 Domino’s pizza sites in the country, and had previously said it was “evaluating its presence” there. The Russian economy has been hit [...]
Polymetal hopes for Russian asset sale within six months August 21, 2023 Polymetal plans to sell its Russian business within six months, with mining groups from the country and Chinese investors among the potential suitors.
Coca-Cola HBC faces questions over Russia operations August 20, 2023 Questions are being asked about the extent of Coca Cola HBC’s operations in Russia after a report suggested the firm has not fully withdrawn from the country despite pledging to do so. The London-listed firm, which is the European bottler for the Coca-Cola Company, said in March 2022 that it was suspending all operations in [...]
Rishi Sunak: Brits will never have it so good (next year) despite ‘real risk’ of recession August 17, 2023 Rishi Sunak has outlined his hopes to ensure Britons feel better off next year, amid warnings that the UK economy faces a “very real risk” of recession due to higher interest rates. The Prime Minister attempted to strike an optimistic tone when asked about efforts to tame inflation, as he said there is a need [...]
Carlsberg ‘shocked’ at Russian capture of business August 16, 2023 The chief executive of Carlsberg has described his “shock” over Russia’s seizure of its business after the brewer left the territory. Last month, Russia took control of the beer maker’s eight breweries and 8,400 employees in the country after it closed a sale of the business to an undisclosed buyer. “We have known from the [...]
Explainer: Nato suggestions of giving up territory to Russia don’t go down well with Ukraine August 16, 2023 Another row about Ukraine’s future exploded this week, after a senior Nato official said Ukraine could relinquish parts of its territory to Russia and get Nato membership instead. It was Stian Kenssen, chief of staff of Jens Stoltenberg, to suggest this as a possible solution to end the conflict. He was at pains, however, to [...]
Why we might need to take inflation positivity with a grain of salt August 15, 2023 Temple Melville is forecasting dark skies for world economies as Russia squeezes vital exports, meaning crypto needs a defined role.