The Bank of England's Monetary Policy Committee dictates interest rates, directly impacting borrowing and saving for UK households and businesses. These decisions, made eight times a year, are driven by inflation targets and economic stability concerns, reflecting the institution's role in the broader financial system.
Mondelez International's chief executive, Dirk Van de Put, has publicly defended the company's continued operations in Russia, acknowledging that its tax contributions there support the war in Ukraine. He cited the protection of thousands of jobs and the risk of asset confiscation by the Kremlin as reasons for not divesting, a decision criticised by UK Members of Parliament.
Yum! Brands has announced the sale of its global Pizza Hut operations, excluding the UK and mainland China, to private equity firm LongRange Capital for $1.5 billion. Concurrently, Yum China Holdings will acquire the mainland China business for $1.2 billion. This move follows a sustained period of declining sales for Pizza Hut, particularly in the critical American market, where it has faced intense competition from rivals and third-party delivery services.
