logo
‘It's our favourite cuisine': Clam Bar team to open Chinese-inspired restaurant in Sydney CBD

‘It's our favourite cuisine': Clam Bar team to open Chinese-inspired restaurant in Sydney CBD

Sydney hospitality trio Andy Tyson, Dan Pepperell and Mikey Clift have successfully launched Italian and French restaurants, and a New York-style grill. Next, they'll turn their attention to Asia, with a new Chinese-inspired restaurant set to open near Martin Place.
The team behind Sydney restaurants Pellegrino 2000, Neptune's Grotto and Clam Bar – plus Bistrot 916, which closed last year due to the redevelopment of its Potts Point building – have secured the former site of Long Chim restaurant, on the corner of Pitt Street and Angel Place in the CBD, close to Merivale's Ivy precinct.
The yet-to-be-named Chinese-inspired restaurant will open in late winter 2025.
'To be honest [Chinese] is our favourite cuisine,' Tyson said. However, the restaurateur won't be drawn on which of China's regional cuisines the restaurant will focus on. 'I don't want to say it'll be Cantonese or Shanghainese and end up doing something different.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

‘Results have been good': ASX jumps on strong start to reporting season
‘Results have been good': ASX jumps on strong start to reporting season

Perth Now

time5 hours ago

  • Perth Now

‘Results have been good': ASX jumps on strong start to reporting season

Australia's sharemarket continued its strong gains, setting a new record high for the fifth straight session as a strong start to reporting season outweighed weakness out of China. The benchmark ASX200 continued its march higher during Friday afternoon's trading, closing up 64.80 points or 0.73 per cent to 8,938.60, while the broader All Ordinaries finished the day up 63 points or 0.69 per cent to 9,212.10. Australia's dollar also traded 0.13 per cent higher and at the time of writing was buying 65.03 US cents. In a broad market rally, nine of the 11 sectors traded higher with only consumer staples and technology finishing lower. Camera Icon Australia's sharemarket jumped during the afternoon's trading. Picture Newswire/ Gaye Gerard. Credit: News Corp Australia The big four all gained, led by Westpac which jumped 2.14 per cent to $36.81 after announcing strong quarterly results on Thursday. ANZ also had a strong day up 1.78 per cent to $33.08, while NAB finished 0.80 per cent higher to $39.19 and Commonwealth Bank traded 0.57 per cent higher to $168.17. The materials sector helped lift the market with BHP shares up 1.08 per cent to $41.96, Rio Tinto jumped 1.41 per cent to $115.05 and Fortescue closed 1.28 per cent higher at $19.84. The rise in the materials sector came despite weakness out of China which could impact Australia's major resources sector. AMP chief economist and head of investment strategy Shane Oliver said Chinese economic data for July was soft. 'Retail sales, industrial production and investment all rose less than expected and residential property investment and sales are continuing to fall as are home prices,' Dr Oliver said. 'Unemployment rose slightly although this possibly due to grad and typhoon season.' The market ignored pressures from China, focusing on reporting season which so far has been better than expected. 'Results have been good with more upside than downside surprises, although most results have been in line, and a big increase in the number of companies reporting profits or dividends up on a year ago than in the December half reporting season,' Dr Oliver said. 'Just bear in mind though that it was much like this at the start of the last reporting season as there is a tendency for companies with good results to report early so results may soften over the next couple of weeks.' Camera Icon Nine of the 11 sectors gained. NewsWire / Damian Shaw Credit: News Corp Australia He also said consensus earnings expectations are for overall business profits to fall 1.7 per cent. If the results show this, it would be the third year in a row corporate earnings shrunk. In company news, shares in hearing implant maker Cochlear gained 0.99 per cent to $309.03 after announcing a 1 per cent increase in underlying net profits to $392m, while revenue was up 4 per cent. Cochlear said it aimed to help more than 60,000 people to hear using one of its devices over the next year, up from 53,000 in the last financial year. Shares in Amcor sank 9.70 per cent to $13.60 after announcing its fourth-quarter results showing weakness out of its North American businesses. Baby Bunting soared 40.54 to $2.60 on its latest earnings with the business aiming to double its store network. According to its results until June 29 sales grew by 4.7 per cent to $521.9m, while margins increased and underlying net profit under tax soared 228 per cent to $12.1m.

China's economy slows sharply as trade pressures mount
China's economy slows sharply as trade pressures mount

AU Financial Review

time7 hours ago

  • AU Financial Review

China's economy slows sharply as trade pressures mount

Beijing | China's economy slowed across the board in July, suggesting Beijing's domestic pressures and Donald Trump's trade war are casting a pall over the world's second-largest economy. Production at Chinese factories and mines rose at the slowest rate since November and expanded a worse-than-forecast 5.7 per cent last month from a year earlier, according to data released by the National Bureau of Statistics on Friday, compared with June's gain of 6.8 per cent.

China's July 2025 economic growth slumps: Retail sales and industrial output below expectations
China's July 2025 economic growth slumps: Retail sales and industrial output below expectations

West Australian

time9 hours ago

  • West Australian

China's July 2025 economic growth slumps: Retail sales and industrial output below expectations

China's economy lost momentum in July, with growth faltering across the board, as weak domestic demand persisted and Beijing intensified efforts to curb excess capacity. Retail sales last month rose 3.7 per cent from a year earlier, data from the National Bureau of Statistics showed Friday, sharply missing analysts' estimates for a 4.6 per cent growth in a Reuters poll and slowing from June's 4.8 per cent growth. Industrial output rose 5.7 per cent from a year ago in July, its weakest level since November last year, according to LSEG data, and weaker than analysts' expectations for a 5.9 per cent rise. Fixed-asset investment in July expanded 1.6 percent for the year-to-date, undershooting economists' forecasts for a 2.7 per cent growth and slowing from 2.8 per cent in the first six months. Within that segment, the contraction in property investment worsened, slumping 12 per cent in the first seven months, government data showed. Separately, China's survey-based urban unemployment rate in July came in at 5.2 per cent, edging higher after remaining at 5 per cent in May and June. Unemployment rate for those aged between 16 and 24, excluding college students, however, has remained above 14 per cent for a year. The latest slowdown was expected, as major contributors to the outperformance in the first half of the year, such as government stimulus and pre-emptive trade, are fading out, said Tianchen Xu, senior economist at Economist Intelligence Unit. China's economy expanded 5.3 percent in the first half of the year, on track to meet Beijing's growth target of 5 per cent. However, economists warned that risks of full-year growth undershooting its target remain, calling for fresh policy support in the second half of the year. Beijing and Washington on Monday announced that they would extend the tariff pause for another 90 days until mid-November, averting the steep tariffs and allowing more time for both sides to negotiate a durable deal. Despite the temporary truce, 'core disputes — from tech access and critical minerals to industrial policy and geopolitical alignments — remain unresolved,' said Jing Qian, co-founder and managing director of the Center for China Analysis at the Asia Society Policy Institute. Qian, who advised both governments during the ongoing negotiations, said the 'big political trade-offs' are being reserved for a potential summit between U.S. President Donald Trump and his Chinese counterpart Xi Jinping in the coming months.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store