Brazilian trio takes Burger King for $4bn September 2, 2010 A LITTLE-KNOWN private equity firm stunned Wall Street by taking over troubled fast food chain Burger King in a $4bn (£2.6bn) deal yesterday. Analysts began talking about a potential wave of takeovers in the restaurant sector after 3G Capital, a New York-based vehicle run by three Brazilian billionaires, agreed a $24-per-share offer with the company’s [...]
HSBC warns over UK banking exodus September 2, 2010 A LITTLE-KNOWN private equity firm stunned Wall Street by taking over troubled fast food chain Burger King in a $4bn (£2.6bn) deal yesterday. Analysts began talking about a potential wave of takeovers in the restaurant sector after 3G Capital, a New York-based vehicle run by three Brazilian billionaires, agreed a $24-per-share offer with the company’s [...]
Burger King in talks with 3G September 1, 2010 FAST FOOD chain Burger King is in advanced talks with 3G Capital over a sale that could see the company move back into private hands. News of the ongoing discussions with the New York-based investment vehicle sent shares soaring 15 per cent to $18.86 in American trading. This was the biggest jump in share prices [...]
Wall St surges as confidence picks up September 1, 2010 WALL Street posted its best day in eight weeks yesterday as investor mood brightened after better-than-expected factory data from the United States and China. Investors jumped on stocks across the market, with more than six shares rising for every one that fell on the New York Stock Exchange, while on the Nasdaq, nearly five stocks [...]
Burger King hikes profit but warns on jobs August 24, 2010 BURGER King reported higher-than-expected quarterly profit as it kept a tight rein on expenses yesterday. Yet the fast-food chain, which counts the infamous Whopper beefburger among its products, said business would remain under pressure in the new year because of lingering unemployment and government austerity programmes in several European countries. Burger King is more vulnerable [...]
Burger King hikes profit but warns on jobs August 24, 2010 BURGER King reported higher-than-expected quarterly profit as it kept a tight rein on expenses yesterday. Yet the fast-food chain, which counts the infamous Whopper beefburger among its products, said business would remain under pressure in the new year because of lingering unemployment and government austerity programmes in several European countries. Burger King is more vulnerable [...]
Burger King tops Wall St forecasts on good margins April 29, 2010 Burger King reported a quarterly profit that edged past Wall Street’s expectations yesterday, helped by better-than-expected margins. The second-biggest US hamburger chain after McDonald’s had warned in March that bad weather in the central and eastern United States kept diners away during the quarter and it expected lower revenue and restaurant margins for the period. [...]
Starbucks bags motorway deal February 24, 2010 Starbucks has sealed a deal to open 29 new outlets at Welcome Break motorway service stations. Welcome Break will spend up to £10m on re-branding Coffee Primo shops. Oxford Services on the M40 and Hopwood Park on the M42 will open before Easter with the rest due to be in business within the next 16 [...]
HOTEL REVIEW: TEN MANCHESTER STREET February 14, 2010 THE HOTEL: If you are staying in the West End, you can’t beat Marylebone. Manchester Street is a quiet Georgian number where the houses bear the discrete silver plaques of osteopaths and accountants. The hotel is in a reassuringly traditional building through a lovely doorway. Inside, reception is dinky, but a big smile and a [...]
Burger King sees sales rise on cheap offers February 4, 2010 FAST-FOOD chain operator Burger King Holdings yesterday posted quarterly results that topped analysts’ views, helped by its $1 double cheeseburger offer, more restaurants, lower taxes and deflated food costs. The home of the Whopper reported net income of $50m, or 37 cents a share, for the second quarter ended 31 December. That was up from [...]