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Starbucks pulls out of Russia while McDonald’s removes golden arches as exit gathers pace
Starbucks has confirmed it has decided to exit Russia, 12 weeks after the coffee shop chain revealed it had closed all its stores in the country in response to the backlash over the war in Ukraine.The company said on Monday that it would wind down its operation in the country – ending 15 years of …
Business
Evening Standard
Banks Behaving Badly should have a new twist
In the public mind, banks are predators, noting every of our occasional failures as reasons to stop giving us money, to seize our houses and send us to the poor house.The banks can hardly be surprised that is how they are viewed, owing to past evidence of their behaviour.They are getting better though.An upside to …
Business
Evening Standard
London house price average hits £689,000
Asking prices in London have hit an average of £689,230 due to a rise of 7.6% on the same period last year, according to property website Rightmove.However, the UK’s white hot post pandemic housing market is likely to cool later in the year with the twin spectres of inflation and interest rate rises set to …
Business
Sky News
Zelenskyy: Don’t trade with Russia unless you want to be associated with war crimes
Volodymyr Zelenskyy has called for maximum sanctions against Russia and the end of all business and trade with Moscow at the World Economic Forum in Davos, Switzerland.In a typically targeted speech to business, political and public policy leaders made by videolink, the Ukrainian president called for the complete withdrawal from Russia of foreign companies who …
Business
Sky News
‘Wait a little bit longer’: PM responds to calls for more cost of living help
Boris Johnson has conceded that the cost of living crisis “is going to go on” but said people asking what more the government will do to help will “just have to wait a little bit longer”.The prime minister faces a growing clamour – including from a number of Tories – to adopt Labour’s idea of …
Business
Business Live
Bristol Beacon and Bafta-winning Plimsoll Productions agree major deal
Two of Bristol’s major entertainment organisations have agreed a deal to work together on a number of projects within the local community. Bafta-winning television production company Plimsoll is partnering with city centre music venue Bristol Beacon (formerly known as Colston Hall) to help it reach and engage with greater audiences. Plimsoll, which is headquartered in …
Business
Sky News
Zelenskyy addresses Davos, and how one burger company is cutting carbon emissions
In today’s podcast, Ian King speaks to the chief executive of Honest Burgers about how the company is cutting carbon emissions. Ukraine’s President Volodymyr Zelenskyy has addressed the World Economic Forum in Davos – urging businesses to stop dealing with Russia. And Ian discusses the number of refugees displaced by the conflict seeking employment in …
Business
Evening Standard
High Street fears mount as B&Q reveals DIY sales slump
FRESH fears for the high street emerged today when Kingfisher reported a slump in sales that could indicate the lockdown DIY boom is over.While the company behind B&Q says demand is resilient and it is on track to hit profit targets for the year of £770 million, hedge funds are aggressively betting against the company.While …
Business
Business Live
Meet the two friends who launched their own business after 12 years working together
Two friends who dreamed of launching their own business have transformed an empty unit in Immingham into a haven for DIY enthusiasts. Sales expert Richard Chapman and experienced locksmith Mike Skinn have worked alongside each other for more than 12 years and often talked about the idea of setting up together. And when a deal …
Business
Evening Standard
Private equity group Sycamore drops out of race to buy Ted Baker
US private equity group Sycamore has abandoned its bid to acquire high street fashion retailer Ted Baker.The company said that Sycamore had pulled out of the acquisition race and that the board now reserved the right to “reject any approach or terminate discussions with any interested party” at any time.“The board confirms that Sycamore Partners Management …
Business
Sky News
Digital insurer Urban Jungle doubles funding with £16.5m raise
A British digital insurer which competes with the likes of Direct Line Group has secured backing from the world’s biggest IKEA franchise as part of a £16.5m funding round.Sky News understands that Urban Jungle, which was launched by Jimmy Williams and Greg Smyth in 2017, will announce this week that it has doubled the amount …
Business
Business Live
Cornwall’s Truro and Penwith College opens Future Skills Institute
A huge new state-of-the-art skills institute has opened at Truro and Penwith College in Cornwall. The Future Skills Institute will offer adult education courses for people over the age of 19, with training developed in collaboration with employers and in line with the local skills strategies of the Cornwall and Isles of Scilly LEP, Cornwall …

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