WATCH – ‘Tasty and that’s it’: Rebranded McDonald’s opens in Moscow June 13, 2022 A new era for fast food in Russia has dawned with the opening of rebranded McDonald’s under the name Vkusno & Tochka, which translates to ‘tasty and that’s it’. While the golden arches and big macs may have gone, the rebranded restaurant chain opened up its doors once again, more than three decades after McDonald’s [...]
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
IEA warns OPEC+ cuts risk pushing global markets into recession October 13, 2022 OPEC+'s decision to cut oil production risks driving up prices and pushing global markets into recession, warned the IEA.
Former Boots exec in talks to join oligarch linked investment fund LetterOne September 26, 2022 A former executive at the firm that owns Boots is in talks to join the board of Russian oligarch Mikhail Fridman’s Luxembourg headquartered investment vehicle LetterOne. Former Walgreen Boots Alliance co-COO Alex Gourlay is in advanced talks to become a non-executive director at LetterOne after stepping down from the pharmacy owner earlier this year, [...]
Oil holds firm from December rally as Putin ramps up pressure on the West January 3, 2023 Oil prices are holding firm this morning, seemingly consolidating last week's rally which saw both benchmarks trading at a month high.
EasyJet expects to book £545m in the final quarter with ‘record bounce back’ October 13, 2022 Bosses at EasyJet are expecting to book between £525m and £545m in earnings for final quarter, as the budget airline continues its post-lockdown recovery. The earnings before interest and tax, marks a “record bounce back” for the carrier, CEO Johan Lundgren said in a statement this morning. It means the company will breakeven this year. [...]
Ann Summers: Turnover reaches over £100m as lingerie retailer plots store expansion September 6, 2023 The erotic retailer, which has 88 stores across the UK and Ireland, plans to open four or five more stores in 2024, a new filing posted on Companies House shows.
Oil prices show signs of recovery after banking crisis subsides and commodity investors reassured March 17, 2023 Oil prices suffered their biggest weekly falls since December as a banking crisis rocked financial markets and spooked investors.
Ripple Energy unveils record £20m-plus fundraiser for new solar farm August 22, 2023 Ripple Energy has raised over £20m for its new solar farm, the largest amount generated by a co-op for a single green energy project.
Brussels slashes EU growth forecasts as euro faces ‘end of the beginning’ of US dollar slide July 14, 2022 The worst inflation surge in a generation driven by Russia’s invasion of Ukraine will choke European economic growth, revealed fresh forecasts published today. Predictions for output growth this year among the 27 members of the European Union (EU) remained unchanged at 2.7 per cent, but the European Commission (EC) downgraded expansion in 2023 by nearly [...]