McDonald’s share price jumps despite continued fall in sales April 22, 2015 The figures McDonald's share price shot upwards in early trading after the fast food giant announced a return of $1.4bn to shareholders through dividends and share repurchases. Yet the rising stock masks what was another poor quarter for Ronald and co. Sales at company-operated restaurants decreased by 13 per cent to $3.9bn in the first quarter [...]
Starbucks, Costa, KFC and Caffe Nero top list of worst offenders as research finds up to 25 teaspoons of sugar in hot drinks from coffee outlets February 17, 2016 Start your day with a coffee from one of the major chains? You could be drinking up to 25 teaspoons of sugar in one drink, according to new research. Campaign group Action on Sugar has studied hot drinks made by big name outlets including Starbucks, Costa and Caffe Nero and found that single drinks can [...]
UK set to miss out on Euro 2016 stock market bump June 8, 2016 As national teams land in France ahead of Euro 2016, city workers may be looking forward to letting one eye drift from the Bloomberg terminal towards live blogs and TV coverage. However, while summer is usually seen as a quiet period for the stock markets, CMC Markets have found that performance at the tournament could drive performance [...]
City Moves for 16 June 2016 | Who’s switching jobs June 16, 2016 Industry Barbican-based global brand consultancy Industry has appointed Nada El Barshoumi as lead brand consultant for the Middle East and North Africa Region. Prior to joining Industry, Nada was a partner at Bahrain-based PR and design agency Obai & Hill, where she was employed for more than three years. She has worked with a wide [...]
McDonald’s cannot drive through turnaround plans quick enough June 8, 2015 MCDONALD’S served up yet more disappointing sales figures for May, the food icon said yesterday. McDonald’s worldwide sales declined by 0.3 per cent in May, but still beat expectations thanks to strong performances in the UK. Sales in Europe rose 2.3 per cent in May. Strong results in western Europe were partly offset by slightly [...]
Visa Europe records three billion contactless payments over the last 12 months May 10, 2016 Card company Visa has recorded three billion contactless transactions in Europe over the past year. In April alone, European consumers used their cards 360m times, clocking in at almost 140 transactions per second. Contactless now accounts for one in every five Visa card payments in Europe, up from one in 60 in 2013. In the [...]
Domino’s Pizza’s share price jumps after tasty fourth quarter results February 25, 2016 Domino's Pizza's share price surged after reporting better than expected fourth quarter results, including double-digit same-store sales growth. The pizza delivery company reported revenue of $741.2m (£530.6m) during the quarter, pushing its share price up more than 10 per cent. Domino's said revenue was helped by higher supply chain volumes and sales of equipment to [...]
City Moves for 13 May 2016 | Who’s switching jobs May 13, 2016 Currency Cloud Currency Cloud, the international payments engine, has announced the appointment of Fiona Tee as chief financial officer (CFO). Fiona brings over 30 years’ financial and commercial experience within the technology and software industries. Previous CFO roles include Mondex International, a leading early adopter of digital payments, Intelligent Environments Europe, and Anite Telecoms. In [...]
Halfords names Jill McDonald new chief executive to replace Matt Davies March 23, 2015 Halfords has named Jill McDonald as its new chief executive, filling the saddle left empty by Matt Davies who's departing to lead Tesco's business operations in June. McDonald will leave fast food chain McDonald's where she is UK chief and president of North West Europe. The former marketing chief joined the restaurant business in 2006 [...]
Dunkin Donuts surprises with US sales dip as Baskin Robins ice cream demand grows February 4, 2016 Dunkin' Brands Group, the owner of Dunkin' Donuts and Baskin-Robbins, has reported expectation beating results for the fourth quarter, despite its key US sales declining. The company posted a loss of $8.9m (£6.1m) for the period, down from a profit of $52.5m in the same three months last year. Global revenue climbed 5.5 per cent to [...]