Starbuck admits McCafe impact November 12, 2009 Starbucks chief executive Howard Schultz said yesterday that McDonald’s McCafe launch earlier this year made the cafe chain better. Starbucks executives have repeatedly said that the world’s largest hamburger chain’s entry into the market for espresso-based drinks had no impact on Starbucks.
EX-CITY TRADER TO TURN LOTTERY OF LIFE INTO HIT TELEVISION SHOW October 18, 2009 AVID readers of this column might remember the name of Andrew Paul, the ex-Nomura trader who quit his lucrative job to concentrate on a new venture selling tickets for the chance to win his £1.1m mansion, £160,000 Aston Martin DBS and £200,000 luxury motor boat. Paul is provisionally set to net himself millions from his [...]
WHAT THE OTHER PAPERS SAY THIS MORNING October 28, 2009 FINANCIAL TIMES LOVELLS IN MERGER TALKS TO CREATE LEGAL FIRMLovells, the City law firm, was in talks on last night over a merger with Washington-based Hogan & Hartson aimed at creating a rare successful big transatlantic legal tie-up, said people familiar with the matter. The proposed deal would create a law firm with a strong [...]
P&G plans to cut prices in bid for growth September 10, 2009 CONSUMER goods giant Procter & Gamble said yesterday that it plans to cut prices and increase promotions, and that it expects to return to organic sales growth by the end of the year. P&G shares rose after its chief financial officer Jon Moeller said the company expects organic sales to rise one per cent to [...]
CITY MOVES Who’s switching jobs September 21, 2009 Matrix Corporate CapitalThe broking and corporate advisory firm has appointed Oliver Hoare as head of pan-European large cap equity sales. Hoare, who will begin with full coverage of the UK market and then roll out his team’s service to continental Europe, brings over 20 years of experience to the role. He was most recently at [...]
CITY MOVES Who’s switching jobs September 21, 2009 Matrix Corporate CapitalThe broking and corporate advisory firm has appointed Oliver Hoare as head of pan-European large cap equity sales. Hoare, who will begin with full coverage of the UK market and then roll out his team’s service to continental Europe, brings over 20 years of experience to the role. He was most recently at [...]
Obama has made American brands more popular October 13, 2009 ACCORDING to the Nobel citation, President Obama deserved the Nobel Prize for Peace because of his “extraordinary efforts to strengthen international diplomacy and cooperation between peoples”. Was it an absurd award, or a prescient one? Has Obama made America more popular? We have in the past used BrandIndex as a subliminal measure of America’s popularity [...]
SEE YOU IN McCOURT September 8, 2009 MCDONALD’S yesterday lost an eight year legal battle to prevent a Malaysian restaurant calling itself McCurry. The Kuala Lumpur eatery, which sells biryani rice and fish head curry, won the case on the grounds that there was no evidence to show it was trying to pass itself off as part of the McDonald’s empire. McCurry [...]
NEW YORK REPORT October 22, 2009 US stocks rose yesterday after quarterly results from insurer Travelers and regional bank PNC Financial gave a boost to financial stocks. Financials were among the top gainers after insurer Travelers posted gains after it raised its full-year outlook and regional bank PNC Financial Services Group shares jumped 12.7 per cent to $50.65 on far better-than-expected [...]
NEW YORK REPORT October 22, 2009 US stocks rose yesterday after quarterly results from insurer Travelers and regional bank PNC Financial gave a boost to financial stocks. Financials were among the top gainers after insurer Travelers posted gains after it raised its full-year outlook and regional bank PNC Financial Services Group shares jumped 12.7 per cent to $50.65 on far better-than-expected [...]