Faberge egg sells for world-record sum

The historic Smithfield and Billingsgate markets, integral to London's culture for nearly 800 years, are set to relocate to Albert Island in Docklands, as announced by the City of London Corporation. This move comes after a period of uncertainty regarding their future, aiming to revitalize these iconic markets in a new industrial setting.

Premier Miton, a London-listed asset management group, is set to appoint veteran banker Williams as its next chairman this week, according to Sky News. This decision highlights the company's commitment to leadership stability and expertise in the financial sector.

Thames Water has reported a further increase in its debt levels despite returning to profitability, primarily due to significant hikes in customer bills driven by inflation. This financial turnaround comes amidst ongoing scrutiny regarding the company's financial management practices.

Crypto markets faced a significant downturn, with a reported $1 billion wiped out, coinciding with ongoing peace discussions regarding Ukraine. Bloomberg's Daybreak Europe provided insights into these developments, highlighting the impact on investor sentiment across markets in the US, Asia, and Europe.

Billionaire Kwek Leng Beng's company, CDL, has expanded its presence in London by acquiring a Holiday Inn for $370 million, increasing its portfolio to over 3,000 rooms in the city. This acquisition adds to CDL's existing six hospitality assets, which include the 833-room Copthorne Tara Hotel and the 611-key Millennium Gloucester Hotel.