Strategy Insights Europe Sun, 16 Jan 2022 07:24:30 +0000 en-US hourly 1 Strategy Insights Europe 32 32 Zahter, London: “The best baklava I’ve ever had” – restaurant review | Food Sun, 16 Jan 2022 06:00:00 +0000

Zahter, 30-32 Foubert’s Place, London W1F 7PS ( Hot and cold
meze £9-£18, platters £18-£42, desserts £8-£9, wines from £29

The Instagram accounts I follow, like the jars of gummy condiments I collect in my fridge, are a real mess: chefs showing off what they fattened last night; the carpet-bagging food “influencers” whose brass neck fascinates me but does not influence me; jazz pianists offering helpful advice; Grace Dent, because who wouldn’t want a window into her fabulous life? By far the most entertaining is @yemelerdeyizcom, a Turkish food and drink account, which posts endless videos of just two things: lamb skewers being made and portions of baklava being finished and put on. canned. These are always beautiful. There’s the ladle of steaming syrup, the shiny golden curve of filo pastry, and the shiny green of crushed pistachios. Watching these videos isn’t the most embarrassing online travel activity for a middle-aged man, but it’s damn close. Best to have it there.

Like the tragic rainbow hunter that I am, I’ve always assumed this was the best baklava possible: the platonic ideal of the polyamorous marriage of pistachios, filo, and syrup, and the one I should aspire to live. Then I was served baklava at Zahter, a new restaurant on Carnaby Street in London that revisits the Turkish repertoire. It’s not pretty on Instagram or maybe, but in the dark it’s impossible to see. (Go check my Insta where I am @jayrayner1, and I’ll have posted a photo.) But by God, it’s okay; so good that its splendor could not be relegated to the end of this column when I might run out of space.

‘The flavor of the pistachio has the right to its voice’: baklava. Photography: Sophia Evans/The Observer

There’s none of the crumbly, drying confetti of overcooked filo. It’s sweet and delicious. Too often, the baklava can be too sweet, as if the manufacturer is struggling to eliminate insulin and is looking to recruit new customers. It’s perfectly balanced so the pistachio flavor is also allowed in her undertone and, just to be sure, there’s a quenelle of heavy cream. It is simply the best baklava I have ever eaten.

It’s a massive symphonic coda, a big bang of brass and strings at the end of a meal that, to prolong a metaphor until it snaps, was rich in joyful melodies and harmonies. Zahter, the Turkish name for a variety of wild thyme, occupies a rickety corner site with a cheerful view of the street life outside. This is Turkish chef Esra Muslu’s first standalone business. After training in Australia, she ran a series of restaurants in Istanbul before being recruited as head chef of Soho House in the city. From there she took up a similar position at the company’s outpost at Shoreditch in London and later at Ottolenghi in Spitalfields.

“The victory of a day of preparation”: stuffed artichoke. Photography: Sophia Evans/The Observer

The map, built around both a wood oven and a charcoal oven, is a wandering through Turkey. From the south, be sure to order the stuffed artichoke. Also be sure to bring along an enthusiastic friend to help you eat it. The £16 price tag seems bulky in the extreme until it arrives. It is a very large mature flower and a win of a day’s preparation. After simmering in acidulated water, the bottleneck is removed, the leaves put back on the heart and trimmed. While still warm, it is bathed in a fragrant lemon vinaigrette. Next comes a rice stuffing, spiced with cinnamon and allspice, lemon juice and handfuls of fresh green herbs. The stuffing is pushed between each sheet, into every nook and cranny. Finally, it’s piled high with more chopped green herbs, toasted almonds, and shiny pomegranate seeds. There’s a still-warm roasted lemon wedge on top for extra pressure. This is one of those utterly captivating and terrific dishes, which draws you in one leaf at a time.

That and the baklava would make a support dinner, but I understand my responsibilities. There must be more. We have an oven-baked dish of tiger prawns roasted in foaming lakes of garlic butter, puffed up with Aleppo pepper, that leave behind juices that beg to be soaked up with their airy buns. We have roasted and crusted chicken livers under bales of fresh green herbs. Only mashed beans with slices of grapes that have been sprinkled in anise raki don’t quite do the trick, being too sweet. For balance, we turn to the menu-head platter section, and a rather gorgeous dish of dense lamb kefta with white beans, fresh red chili, and other handfuls of flat leaves, all piled high. on a flatbread happily absorbing the very essence of whatever was shoveled onto it.

“Roasted in foaming lakes of garlic butter”: tiger prawns.
“Roasted in foaming lakes of garlic butter”: tiger prawns. Photography: Sophia Evans/The Observer

Next is a roasted half quince, and finally this baklava with a capital B. Zahter has only been open for a few weeks when I visit, and is trading in difficult circumstances, but still has a youthful buzz and assurance. It looks like a mature restaurant but not, it must be said, necessarily intended for a mature clientele. In this week Monthly Food Observer my regular column is a plea for new restaurants to employ someone in their 50s or older to help judge the environment they build. I can’t pretend. Everything I complain about in this column is present here at Zahter. I have to use my iPhone torch to read the menu. Ambient music and hard surfaces create slamming acoustics. The upstairs dining room is accessible by steep stairs. For good measure, the tables are too small for the way the kitchen sends out the dishes all at once. We end up with our bottle of wine and water on the floor next to us.

If Zahter doesn’t want old assholes like me in their restaurant, complaining about the lighting, the sound, and the size of the table, then fine. But there is a problem. Zahter’s food is excellent. There’s value here too, but it’s not cheap. The short wine list starts at £29 a bottle before heading into the 1930s and beyond. As the information at the top shows, the dishes are, shall we say, audaciously priced. The final £150 bill doesn’t seem outrageous for this food, service and location. But maybe turn the music down and the lights up a bit so you don’t risk excluding an entire demographic that could best afford it. My motives are pure. I really want as many people as possible to enjoy this fabulous baklava.


Nepalese chef Santosh Shah, who achieved huge success when he qualified for the final of MasterChef: the professionals in 2020, released his first cookbook. Ayla: A Feast of Nepali Dishes from the Terai, Hills and Himalayas includes recipes for ginger and chili chicken momos, plantain curry, river fish with mustard and onion sauce plus a host of spice mixes, pickles and chutneys . It is published on February 3. Learn more here.

On January 22, Ronnie Scott’s legendary jazz club organizes an amnesty for musical instruments. From 10:00 a.m. to 3:00 p.m., anyone can drop off unloved or unwanted instruments at the Frith Street club in London; from plastic recorders to violins, brass instruments and everything in between (but not pianos for storage reasons). In partnership with Julian Lloyd Webber’s charity, Sistema England and Ronnie Scott’s Charitable Foundation, they will then be donated to school-age children in the UK and elsewhere. Potential donors wishing more information should email

Only A Pavement Away, the charity which provides hospitality skills and training to people leaving prison, war veterans and homeless people, has announced that it will open training cafes in 10 UK cities in by the end of 2022. Everyone who employs them will receive qualifications, with the aim of bringing 250 people into the hospitality industry by the end of the year. Visit

Email Jay at or follow him on Twitter @jayrayner1

UK tourism industry in jeopardy as overseas visitors stay away | Travel & leisure Sat, 15 Jan 2022 18:54:00 +0000

Britain’s summer holiday boom last year was not enough to save thousands of tourism businesses, despite increased domestic bookings in popular places such as Cornwall and the Yorkshire Dales.

A Tourism Alliance survey of 1,927 tour operators, hotels, attractions, language schools and other travel and hospitality businesses serving overseas tourists found that 11% believe they are “very likely to fail in 2022, and a total of 41% believe they are “very likely to fail”.

The first three months of 2022 are shaping up to be bleak, with cancellations skyrocketing in the wake of the Omicron variant. Almost a third of businesses surveyed lost at least half of bookings made for national holidays between January and March this year.

With far less government support available after the furlough scheme ended, a quarter of those surveyed said they had run out of cash reserves and just over half said they would run out in the two months.

Last summer saw crowded beaches and sold-out resorts, but that masked an overall drop in domestic tourism away from coastal and rural areas, according to Kurt Janson, director of the Tourism Alliance. The alliance comprises over 60 trade associations which together represent 303,000 UK travel businesses.

“There has traditionally been a tremendous amount of domestic tourism in towns and cities, and a lot of business and conference travel, and those sectors have done very poorly,” Janson said. “Businesses that depend on international travel have done poorly – language schools, events, conferences. And because the reservation times for these things are longer, they will take longer to pick up.

Janson was particularly concerned about tour operators serving foreign visitors. “They are responsible for around 60% of overseas visitors to the UK and if they don’t promote the UK as a destination, inbound tourism will take a long time to recover. We need them there, fighting for our end of the bargain.

Crowds in Bournemouth last summer. Photograph: Ian Dagnall/Alamy

An indication of the difficulties facing the tourism sector emerged last week, when the Hungarian government said it would again delay a program which would have seen up to 60,000 students visit the UK this summer.

“It would have been a huge boost,” said Huan Japes, director of memberships at English UK, the trade body for language schools. “We used to bring in 550,000 students, but we’ve barely topped 100,000 a year since the pandemic.”

Janson said the figures showed the government’s tourism stimulus plan was unlikely to meet its targets. It hopes to see a rebound to 2019 levels in domestic tourism by the end of the year and overseas tourism by the end of 2023.

The UK was becoming less competitive as an international destination, Janson said. Visitors could no longer reclaim VAT on departure, other countries were spending more on marketing and visitors from the EU now needed a passport to enter the UK.

Tourists from China and Middle Eastern countries wanted to shop in places like Bicester Village, but were now more likely to choose France as they could get a tax refund when they left. (The UK scrapped the VAT reclaim system at the end of 2020.) “The government basically told these visitors ‘don’t come here – go to Paris instead,'” Janson said.

He said the government urgently needed to promote the UK as a destination. Ireland are spending £33m. Australia will spend £250m over the next three years and the US is set to approve a £185m budget to rebuild its tourism industry.

Joss Croft, chief executive of trade body UKinbound, said: “These figures lay bare the devastating impact the pandemic continues to have on the UK inbound, outbound and domestic tourism industry, as well as across the entire supply chain. We are seeing green shoots, but crippling border restrictions and ever-changing government guidelines continue to stifle the recovery.

From April 1, hotels, restaurants and other hospitality businesses will have to start paying business rates again, plus VAT at the full rate of 20%, after the reduction to 12.5% ​​during the pandemic.

Kate Nicholls, chief executive of UKHospitality, said keeping the reduced rate would boost tourism trade, rather than raising prices for stay-cations and overseas tourists.

“The main driver of inbound tourism is price, and UK travel is very price sensitive,” she said. “A 1% drop in the cost of UK holidays leads to a 1.3% increase in inbound tourism revenue for the economy.”

Bernard Donoghue, chief executive of the Association for Leading Visitor Attractions, said: “Tourism was the first hit, the hardest hit and will take the longest to recover, and the attractions and businesses that generally rely heavily incoming tourists, who have been away for nearly two years, will take the longest to recover of all. Our industry lost, on average, £200m a day in 2021.”

]]> Blues need to break the bank with Rudiger, set to ship Ziyech while Pulisic needs a hug Sat, 15 Jan 2022 14:28:00 +0000

CHELSEA came on to Manchester City to snatch a point – but were undone by a bit of genius from Kevin De Bruyne.

Thomas Tuchel’s side played the ball upside down and were finally overtaken in the 70th minute when KDB curled the ball past Kepa.


Chelsea boss Thomas Tuchel was never happy with the 90 minutesCredit: Reuters

And while it looked like the plan was to batten down the hatches, judging by boss Thomas Tuchel’s reactions on the sidelines, he wanted so much more.

Their final ball was pretty much abysmal, but their defense was pretty heroic at times until City’s Belgian master stamped his authority.

Right here, SunSport’s John Hutchinson assesses how Tuchel’s men fared as they lost 1-0 to the league leaders.

Kepa Arrizabalaga – 7

Kept his team in the game in the 39th minute with a brilliant save from Jack Grealish that was clear.

Trying his luck now, Edouard Mendy is absent from CAN. I couldn’t do much with De Bruyne’s pearl.

Antonio Rudiger – 8

Chelsea must be angry if they don’t throw their money at the German defender for a new contract

Clearly world-class, he was strong and smart against City’s fluid attack. A real rock.

Chelsea were grateful for an in-form Kepa doing his best to impress Tuchel


Chelsea were grateful for an in-form Kepa doing his best to impress TuchelCredit: Getty


Thiago Silva – 7

The man tasked with running things at the back – and he had to do it well with the Blues barely having a touch in the top 45.

Pulled this and that a bit in the second half as City upped the ante but still got skill at the highest level.

Malang Sarr – 7

The 22-year-old has been immersed in it in recent weeks with Chelsea’s lingering injuries and positive Covid tests.

Decent positioning in the top 45 saw him thwart a number of City attacks.

Malang Sarr showed there could be something for the future


Malang Sarr showed there could be something for the futureCredit: Getty

Cesar Azpilicueta – 6

Given the right-back role, but was more part of a flat-back five, such was Chelsea’s dominance.

Tired as the game progressed, despite giving as usual.

N’Golo Kante – 6

Barely noticed the Frenchman in the first 45, such was City’s dominance in possession.

He will look nervously over his shoulder now with Jorginho back and fit.

Mateo Kovacic – 5

No idea what he was thinking playing backwards and then going straight to Grealish.

Was grateful for his keeper Kepa for saving the effort. His reservation seemed to stimulate any forward movement.

Rudiger will be upset that his heroic performance didn't score at least one point


Rudiger will be upset that his heroic performance didn’t score at least one pointCredit: Reuters

Marcus Alonso – 6

Warned after just six minutes for a foul on Sterling, Chelsea fans must have feared he wouldn’t last the 90 against City’s speedy winger.

But he remained an option as Chelsea pushed for an equalizer – wanted the ball even if he didn’t always make the best use of it.

Christian Pulisic – 4

Finally noticed he was playing as the game approached half-time – but that was only because he got injured.

Substituted in the 68th minute, will feel annoyed that his teammates simply wanted to play backwards. The 23-year-old looks like he needs a hug from the boss.

Hakim Ziyesh -4

Time is running out for the Moroccan winger who has failed to justify his £33.3m price tag.

Finally found a pass for Lukaku early in the second half but saw his teammate’s shot stopped then it blazed over the bar.

Romelu Lukaku – 5

Chose to switch to Ziyech at the half hour mark when he should have had a shot. Then saw a one-on-one saved by Ederson early in the second half.

Completely isolated up front until Werner came along to try and help him.

It was a frustrating day at the Etihad for Romelu Lukaku


It was a frustrating day at the Etihad for Romelu LukakuCredit: Reuters


Callum Hudson Odoi (replaced Ziyech, 69) – 5

No sooner was it introduced than Chelsea lost 1-0.

It probably helped him as the visitors needed to attack, but he was well organized and couldn’t impress.

Timo Werner (replaced Pulisic, 69) – 5

A decent chance but his shot was deflected away from danger.

Lukaku may be hoping he gets the go-ahead to pair him up in the next game to provide some much-needed support.

Mason Mount (replaced Alonso, 81) – 5

No time to impact the game. Strange why he didn’t have more than nine minutes.

Substitutes (not used): Jorginho, Loftus-Cheek, Bettinelli, Saul Niguez, Ross Barkley, Kai Havertz.

⚽ Read our Transfer News Live blog for the latest rumours, gossip and closed deals

A fifth of Britons say their bike is their most prized possession Sat, 15 Jan 2022 05:00:00 +0000

New research has found that more than half of UK cyclists (61%) do not have insurance to cover their bike.

Despite this, a fifth of Britons cite their bike and accompanying kit as their most important possession.

Around 1,100 bikes are stolen every day in the UK.

insurance company Direct line is raising awareness of the problem via a new artwork installation, ‘Bi-High-Cycle’, created by Bristol-based mechanical sculpting expert Jason Lane and revealed in notorious bike theft hotspot Camden.

Made with broken bicycle parts, the installation has been meticulously designed to represent the staggering levels of bicycle theft experienced by cyclists every day and includes parts from 45 different bicycles to show the number of bicycles stolen every hour across the country.

Bike theft in the UK costs cyclists £34.1million every year to use alternative transport.

Despite the high number of thefts and one in 10 (11%) saying they bought a bike in 2021, many cyclists still leave it up to chance, as more than half (61%) say they don’t have specialist insurance in place for cover their bikes

Bikes are also among the most expensive personal purchases, with 16% admitting to spending £500 on their bike and accessories, and more than a third admitting to buying a bike for Christmas 2021.

Despite this large number, 80,000 stolen bicycles will not be claimed, as 21% of victims say they did not make a claim or have insufficient coverage to do so.

The research also details the emotional impact of victims, revealing that nine out of ten people change their behavior after having their bike stolen.

The study also found that more than half of bike theft victims go two weeks or more without a bike, leaving them to spend an average of £85 as they have to use alternative means of transport.

Alison Traboulsi, Marketing Manager at Direct Line Cycling Insurance, said: “Unlike car insurance, when it comes to dealing with a bike theft or accident, many cyclists are unprepared for the consequences. .

“Replacing a bike or paying a liability charge can be hugely expensive and not everyone may be able to do it right away. Theft is proving to cost UK cyclists £34.1million each year in alternative travel alone, so there is a real importance of making sure cover is in place – particularly as bike use increases.

“Insight shows that more than a third of cyclists will have to pay for repairs following accidents, which can lead to significant costs throughout the life of a bike and a rider. A cost that could be mitigated with the subscription of a specialized insurance.

“Direct Line wanted to dig deeper into the real impact of bike theft and accidents, beyond the incident itself and what it means for those who have lost or damaged their bikes or suffered personal injuries. On average, 45 bikes are stolen every hour in the UK. Riders should consider what protection to put in place to ensure they are potentially covered for this.

Regional data highlights differences in where thefts and accidents occur.

Manchester cyclists are the most likely to suffer damage to their bike from an accident (45%), closely followed by London (42%) and Bristol (39%) which complete the top three.

]]> London named best city in the world to be a young entrepreneur, ahead of NYC, San Francisco and Moscow Fri, 14 Jan 2022 13:48:00 +0000

Friday, January 14, 2022 1:48 p.m.

Using Forbes 30 Under 30 lists from Europe, North America, Russia, Asia and Africa, London has been named the best city in the world to be a young entrepreneur.

Although North America is by far the most popular for providing Forbes Under 30 candidates, London is the most popular city for young entrepreneurs to succeed, business comparison platform Bionic has found, analyzing the rankings.

In fact, many candidates on the North American, Asian and Russian lists actually live in London, according to the research.

By looking at various industries, cities, countries, academic background and gender of each young entrepreneur, researchers have identified the best places to be when you have a young and hungry entrepreneurial spirit.

London beat out New York as the most popular city for successful young entrepreneurs to succeed globally.

Rank Most Popular Cities Number of Forbes under 30
1 London 115
2 New York 106
3 San Francisco 88
4 Moscow 51
5 Los Angeles 39
6 stockholm 17
seven Toronto 16
8 Berlin ten
9 Boston ten
ten Chicago ten
Source: Forbes 30 under 30 data analysis


Meanwhile, the top countries in the world for young entrepreneurs were North America (41%), the UK (14%), Russia (10%), India (7%) and China (2%). , according to data from Forbes.

Rank Most popular countries Number of Forbes under 30
1 United States 428
2 UK 145
3 Russia 109
4 India 81
5 China 22
6 Germany 21
seven South Korea 17
8 Singapore 16
9 Japan 15
ten Sweden 15
Source: Forbes 30 under 30 data analysis

Education remains the key

The best universities in the world for potential entrepreneurs were Stanford University (USA), Indian Institute of Technology (India), Harvard University (USA), University of California (USA), United) and Imperial College London (United Kingdom).

More than 86% of applicants had a college education, proving that higher education is still important to becoming a top entrepreneur.

Rank Most Popular Universities Number of Forbes under 30 Country
1 Stanford University 47 United States
2 indian institute of technology 23 India
3 Harvard University 22 United States
4 University of California 22 United States
5 imperial college london 17 UK
6 Yale University 13 United States
seven Moscow State University 13 Russia
8 University of Cambridge 12 UK
9 Colombia University 12 United States
ten University of Pennsylvania 11 United States
Source: Forbes 30 under 30 data analysis


Rank Most Popular Industries Overall Number of Forbes under 30
1 Technology 209
2 Manufacturing 116
3 Marketing and media 115
4 Retail and e-commerce 100
5 Social impact 96
6 Health and Science 90
seven arts and culture 74
8 Energy 69
9 Finance and venture capital 65
ten Education 38
Source: Forbes 30 under 30 data analysis

Women entrepreneurs

Europe was the most feminised continent, with 37% of entrepreneurs studied in Europe being women. Africa and Asia are the least inclusive countries, with only 27% women

Source: Forbes 30 under 30 data analysis

Arts and culture was the most feminized industry, with 57% of entrepreneurs being women.

Despite being the most populated industries, manufacturing and technology were the least inclusive, with only 20% of entrepreneurs respectively being women.

Overall, only 30% of Forbes under-30s were women. The average age of young entrepreneurs is 28 – this did not differ between men and women.

Rank Industries with most women Percentage of Forbes under 30
1 Arts & Culture 57%
2 Hospitality/Food and beverages 41%
3 Social impact 37%
4 Retail and e-commerce 34%
5 Media and Marketing 31%
6 Education 31%
seven Finance and venture capital 31%
8 Energy 23%
9 Manufacturing 20%
ten Technology 20%
Source: Forbes 30 under 30 data analysis

Regional distribution

Some other fun facts from research, in Europe;

  • 37% of young entrepreneurs were women
  • Around 62% of young entrepreneurs are men
  • 50% of all young European entrepreneurs came from the UK
  • 39% were from London
  • 85>% had a university education
  • The UK and London were the most popular locations for all European industries
  • Germany was the second most popular country for young entrepreneurs (7%), followed by the Netherlands and Sweden (4%).
  • The average age to succeed in Europe is 27

The most popular universities in Europe were all British universities

Rank University Number of Forbes under 30
1 imperial college london 12
2 University of Oxford 11
3 University of Oxford 11
4 University College of London 9
5 University of Warwick seven
Source: Forbes 30 under 30 data analysis

North America

  • The most popular cities were New York (92), San Francisco (88), Los Angeles (39) Brooklyn (14) and Boston (10), Berlin (10) and Chicago (10)
  • 30% of young entrepreneurs were women
  • About 96>% had a university education
  • Tech was by far the most popular industry, followed by social impact
  • The average age to succeed was only 22
Rank Most Popular Universities Number of Forbes under 30
1 Stanford University 47
2 Harvard University 22
3 University of California 22
4 Yale University 13
5 Colombia University 12
Source: Forbes 30 under 30 data analysis


  • 17% were women
  • 41% were from India, 11% from China and 8% from Singapore and South Korea
  • The average age to pass is 26 years old
  • 23 (11%) went to the Indian Institute of Technology, making it by far the most popular Asian university. The National University of Singapore (3%) was the second most popular, but the remaining entrepreneurs came from a more mixed range
  • Technology was the most popular industry (45%), followed by science and health (14%).


  • 40% were from South Africa and 20% from Nigeria
  • 20% worked in Johannesburg
  • Arts and culture was the most popular industry here for young entrepreneurs
  • 73% were male, 27% female
  • The average age of success was 27


  • There were twice as many arts and culture entrepreneurs in Russia as in any other category. This includes young entrepreneurs working in sectors like fashion and design, art and theater
  • The average age was 25 years old
  • 33% of entrepreneurs were women
  • Moscow is the best city to succeed for young entrepreneurs in Russia
  • 12% of applicants went to Moscow State University, while 10% went to the Moscow Higher School of Economics.
UK economy recovers to pre-pandemic levels after growing 0.9% in November – business live | Business Fri, 14 Jan 2022 07:29:34 +0000




Introduction: UK economy back to pre-COVID-19 levels


Countryside Properties, M&S drive UK midcaps down; banks raise the FTSE 100 Thu, 13 Jan 2022 17:29:00 +0000
  • Tesco and M&S slip after raising profit outlook
  • Countryside Properties falls as CEO resigns
  • FTSE 100 up 0.2%, FTSE 250 down 0.4%

Jan 13 (Reuters) – London’s FTSE 250 index fell on Thursday, led by shares of Countryside Properties and Marks & Spencer, while a rise in financials and commodities heavyweights helped the FTSE 100 rise. to climb up.

The domestically-focused mid-cap index (.FTMC) closed 0.4% lower, with homebuilder Countryside Properties (CSPC.L) dropping 20.6% to the bottom of the index after a disappointing business update and the resignation of its managing director.

Marks & Spencer (MKS.L) fell 7.9% after the retailer raised its full-year forecast of a pre-tax profit of at least 500 million pounds ($686 million) from a earlier estimate of around £500 million.

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Laura Hoy, an analyst at Hargreaves Lansdown, said M&S shares had “significantly climbed since the start of the pandemic, and it will take much more than a boost to earnings to support these expectations”.

Tesco (TSCO.L), Britain’s biggest retailer, also raised its profit outlook on stronger-than-expected Christmas sales, but along with other retailers warned of the coming cost pain of transport costs, wage increases for warehouse workers and more expensive raw materials. Read more

Its shares slipped 0.9%

“That answer seems a bit crude but may have more to do with stocks near 11-month highs and that certainly doesn’t mean they can’t go higher in the longer term,” said Michael Hewson, analyst at CMC Markets. said about Tesco.

Tesco and M&S have gained almost 20% and 75.1% respectively over the past year, marking a strong recovery from the pandemic-induced selloff.

The FTSE 100 (.FTSE) ended up 0.2%, boosted by HSBC (HSBA.L), Prudential (PRU.L), Barclays (BARC.L) and Lloyds Group (LLOY.L).

The blue-chip index is on track for its fourth consecutive week of gains as energy, mining and banking heavyweights helped it outperform both the broader European index (. STOXX) and the UK Mid Cap Index (.FTMC) this year.

Oilfield engineering and services company Wood Group (WG.L) jumped 20.5% after it said selling a division as part of its consultancy business was the best option to create new jobs. shareholder value. Read more

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Reporting by Shashank Nayar and Devik Jain in Bengaluru Editing by Amy Caren Daniel and Mark Potter

Our standards: The Thomson Reuters Trust Principles.

Invesco expands UK ETF coverage – London Business News Thu, 13 Jan 2022 11:05:09 +0000

Invesco has further expanded its London-based ETF team with the appointment of Tom Banks to the business development team, primarily responsible for distributing the firm’s ETF range in the UK wealth market. He will report to Kate Dwyer, Head of UK ETF Coverage for Invesco EMEA.

Prior to joining Invesco, Tom worked in UK ETF sales at HSBC Asset Management. He also worked for six years at JP Morgan Asset Management, most recently in UK ETF sales. Tom earned a Masters in Aerospace Engineering from the University of Southampton and completed the ESG Investment Certificate, IMC and CFA Level 1 qualifications.

Tom’s appointment follows that of Stephanie Boukhalil who joined Invesco’s ETF distribution team in the UK in mid-2021 to support the growth of the family office market. Stephanie has brought extensive fixed income experience to the team through various sell-side sales roles at companies such as JP Morgan and Societe Generale.

The UK wealth management sector, including family offices and private banks, was a major driver of ETF flows for Invesco in 2021 as these institutions continued to allocate to ETFs and other traded products in stock exchange.

Invesco saw strong ETF inflows into the EMEA market in fiscal 2021, with $10.8 billion in net new assets and total EMEA assets under management of $67.5 billion at the end of the year, a 36.4% increase in assets under management and the largest among major issuers.*

Strong inflows were seen in major S&P 500 products, MSCI USA ESG Universal Screened and MSCI USA, among others, with its Invesco Physical Gold ETC becoming the largest gold ETP in the EMEA market at $14.3 billion. With the recent launch of a suite of ETFs meeting objectives aligned with the United Nations-backed Paris Agreement on climate change, Invesco now has a total of 21 ESG ETFs.

Kate Dwyer, Head of UK ETF Coverage at Invesco EMEA, said: “We are delighted to have someone of Tom’s caliber joining our growing team and helping to meet the UK wealth sector’s demand for our range of ETFs. We have seen strong growth across all asset classes and product types and expect increased demand as the underlying strengths of our low-cost ETFs and exchange-traded products have continued to attract more investors.

City of London Hampstead Heath boss to resign Wed, 12 Jan 2022 18:45:00 +0000

6:45 PM January 12, 2022

Hampstead Heath head of the City of London Corporation is leaving the company after six ‘fulfilling years’.

Anne Fairweather is leaving the City of London Corporation (CoLC) at the next election.

Under his chairmanship of the Heath Committee, controversial mandatory charges were introduced for swimming in the ponds and events were held to mark the 150th anniversary of the Hampstead Heath Act.

She said: “I have had the privilege and honor of being chair of the Hampstead Heath Committee, a place close to my heart and full of childhood memories, from swimming in the ponds to sailing the adventure playground,” she said.

Cllr Fairweather was elected to represent the City Tower ward as an independent in 2016 and was re-elected unopposed the following year.

In 2020, she replaced Karina Dostalova as Chair of the CoLC’s Hampstead Heath, Highgate Wood and Queen’s Park Management Committee.

The 2021 elections have been delayed by Covid and will take place on March 24.

“Unexpectedly, I became the lockdown chair, navigating challenges we had never faced before,” she added.

“Everyone pitched in, with all volunteers and staff going above and beyond their duties.”

She said she was “grateful” to lead the work during such a difficult time, saying the Heath provided an outlet for people and was vital in supporting mental and physical health during these times.

“It was great to celebrate the 150th anniversary of the Hampstead Heath Act and all the Heath has to offer in 2021.

“From the wealth of wildlife to the vast opportunities for learning and recreation including swimming, fishing, walking and team sports, the moor is a much-loved space.”

A series of events took place in June to mark the 150th anniversary of the Hampstead Heath Act 1871, including a kite event, community festival, musical performances and a film festival.

Under Ms Fairweather’s leadership, the CoLC decided to charge for Hampstead’s bathing ponds in 2020, citing rising running costs and safety concerns.

A judicial review to determine whether the charging scheme for swimming in Hampstead Heath bathing ponds discriminates against people with disabilities is now scheduled for February 23 and 24.

‘I want to thank everyone who has supported me during my term as President and helped to make Heath the incredible green space it is today,’ she said.

Prime Minister urged to “end homework and revive the economy” | Politics | News Wed, 12 Jan 2022 11:09:54 +0000

Demands for a return to “normalcy” have multiplied, with official figures showing that Covid cases are now on the decline in almost all regions of the country. The current restrictions, known as Plan B, expire on January 26 and will be reviewed in a fortnight by ministers.

The measures include advice on working from home where possible, as well as a requirement to wear masks indoors and vaccine passports for major events.

Mr Johnson is urged to prioritize ending the work from home orientation in an effort to spur economic growth.

Statistics from the UK Health Security Agency show Covid rates are dropping in eight of England’s nine regions, suggesting the worst of the Omicron wave may now be over.

With the number of coronavirus cases falling again yesterday to 120,821, down 13.1% from last week, Professor David Heymann said the UK is the most northern hemisphere country close to the end of the pandemic.

He said: “The countries we know best in the northern hemisphere have different stages of the pandemic.

“And probably, in the UK, it’s the closest country to being out of the pandemic, if it isn’t already, and to having the disease as endemic as the other four coronaviruses.”

Professor Heymann, of the London School of Hygiene and Tropical Medicine, said the immunity of the UK population was already high, which “kept the virus and its variants at bay.”

With Covid cases only increasing in the northeast, it is hoped that many restrictions can be relaxed by the end of the month. The Prime Minister said last week that he hoped Britain would return to something “much closer to normal” by then.

Scientists have said that working from home is one of the most effective interventions to reduce the spread of Covid.

But big companies have insisted they will bring more workers back to the office if government policy on working from home changes while hotel bosses have renewed their calls for the guidelines to end.

Pubs, bars and restaurants in city centers have been hit hard by the lack of outgoing office workers for lunches, dinners and drinks after work, with many places not opening this month due to the low number of clients.

The British Beer and Pub Association has called for a timeline similar to last year’s roadmap so that businesses can prepare for returning customers. Chief Executive Officer Emma McClarkin said: “Many operators have closed sites in city centers throughout January due to government messages about working from home.

“We need to know when this will end because we are really struggling under leadership to be viable in cities and downtowns.

“We were also encouraged by the potential move to a five-day isolation period. We need the government’s message to change in order to restore consumer confidence.”

Industry body UK Hospitality has called for it to be looked at in the same way.

Chief Executive Officer Kate Nicholls said Covid masks and passports have an end date and asked for the same for work from home.

She said: “We need certainty on how we are going to lift the restrictions and how we are going to move forward and live with this virus.

“We need to quit the home counseling job as soon as possible, but we also need a timetable.”

She said hotel businesses in city centers were seeing sales around 50% lower than expected, with a devastating 80% drop in London.

The prime minister’s official spokesperson said there are currently no plans to end working from home.

But he added: “Obviously we would like to remove this as soon as it is right to do so.”

The government said yesterday that another 379 people had died within 28 days of testing positive for Covid-19, bringing the total to 150,609.

Data shows that the Northeast – the only area not to record a decline – currently has the highest infection rate (2,597.4 spotted cases per 100,000 people in the week ending Jan. 5 ).

It was followed by the North West (2,402.5) and Yorkshire and the Humber (2,133.7). But at the other end of the scale, the South West had the lowest infection rate (1,415.9), followed by the South East (1,540.5) and the East of England ( 1,661), while London ranked sixth (1,679.8).