Ups and downs

ic recovery in 2022.

Despite the sobering out‐look for UK economy, this latest prediction is rather better than the IMF’s Jan‐uary prediction of a 0.6 per cent contraction.

Buyer is the Japanese giant Toridoll which is listed on the Tokyo stock exchange, owns 5,500 restaurants and has worldwide sales of £1 billion (€1.13 billion).

Toridoll already runs the Marugame Udon, Shoryu and Wok to Walk chains in the UK and is teaming up with Capdesia, the private equity company behind Wasabi Sushi & Bento, for the Ful ‐ham Shore deal.

Shares in Fulham Shore soared by a third to 15p (ap ‐proximately 16 cents) when the deal was announced.

Shared out

countries regarded as the world’s seven most ad‐vanced economies. The UK topped this group, which dominates global trade and the international financial system, during the pandem‐