Burger King, Popey's, Tim Horton restaurants

Burger King leads calls for nine-month rent holidays amid pandemic

Galina Mikova

Burger King UK is the latest of several high street fast food chains to ask chancellor Rishi Sunak for a nine-month rent holiday during the coronavirus crisis. Jose Cil, chief executive of Restaurant Brands International, the parent company which owns the Burger King, Tim Hortons and Popeyes brands, said on Moday: “Our business model has…

A global health crisis and financial scandals have not curbed enthusiasm for Chinese IPOs in the US

Galina Mikova

Despite a difficult period for Chinese companies over the last month, interest in cross-border listings remains strong. Chinese initial public offerings (IPOs) in the US made up about a fifth of IPO proceeds in America in the last three months, raising $3.3bn in the first quarter, the most in three years, according to investment bank…

US-Listed Chinese Companies Suffer on News of Luckin Coffee Fraud

Galina Mikova

The disclosure of the fraud by Luckin Coffee has had an adverse effect on the majority of Chinese companies listed on United States exchanges, Financial Times reported on Sunday. “It makes you question the whole system, honestly,” the Citron Research founder Andrew Left told the FT. “It just shows you the lack of controls; you obviously…

Google better placed than Facebook to ride out virus downturn, says note

Galina Mikova

Google’s parent company Alphabet is in a better position to weather the economic downturn than its online-ad-revenue rival Facebook, amid the global coronavirus pandemic analysts at BMO Capital said. BMO upgraded shares in Alphabet, led by chief executive Sundar Pichai (pictured), to outperform from market perform with a price target of $1,400. The target marks…