Gianni Infantino’s victory means little – Fifa has shown few signs of cleaning up February 27, 2016 If you believe the hype out of Zurich, you’d think that Fifa has turned the corner. The ‘bad guys’ are gone. There’s new management. And Fifa has had a Damascene conversion to good governance, transparency and accountability. Wrong. Wrong. Wrong. The overwhelming emotion for many when Gianni Infantino won the ‘beauty contest’ of the Presidential [...]
McDonald’s to restructure after “significant decline” in sales October 21, 2014 McDonald's is planning a major review of its working practices and structure on the back of a “significant decline" in revenues and profit. Revenues fell five per cent to $6.98bn (£3.8bn) for the three months to September 30, with the fast food giant blaming increased competition. Consolidated operating income plummeted 14 per cent to [...]
E-Tailer digests boardroom changes July 27, 2015 TROUBLED e-commerce firm Mysale got a boardroom shake-up yesterday, just over a year after its market debut. The short-term deals website, whose share price has sunk from 226p to 44.25p yesterday, welcomed Iain McDonald as non-executive chairman.
US probe into Fifa corruption set to expand as Swiss investigators study 121 bank accounts September 14, 2015 The US investigation into corruption at Fifa shows no sign of slowing down, with further arrests expected to be made. Read more: Fifa sponsors Visa, McDonald's and Coca-Cola come together to demand change at football's governing body US attorney general Loretta Lynch, who heads the US Department of Justice (DoJ) probe into Fifa, confirmed today [...]
S&P 500 hits two month high – New York Report October 22, 2015 Stronger-than-expected earnings from several top companies relieved investors’ concerns yesterday about the profit outlook, pushing the S&P 500 to its highest level in two months. The Dow Jones industrial average rose 320.55 points, or 1.87 per cent, to 17,489.16, the S&P 500 gained 33.57 points, or 1.66 per cent, to 2,052.51 and the Nasdaq Composite [...]
Venezuela McDonald’s has had its chips as it battles US action January 7, 2015 FAST food giant McDonald’s has run out of french fries at its Venezuelan restaurants. The company has blamed contract disputes with dock workers for halting the export of frozen fries from the US to Venezuela. One City worker who hails from Venezuela told City A.M. that although he was dismayed by the news that McDonald’s [...]
McDonald’s not lovin’ high-end burgers biting into sales – Brand Index January 6, 2015 Previously unassailable fast food giant McDonald’s is facing a Big Mac-with-bacon-and–extra-cheese-sized challenge as falling sales and negative customer opinion are taking a huge bite out of its market share. Using YouGov BrandIndex data to explore the problems it faces in the year ahead, we see the rise of higher-end restaurants such as Byron Burger and [...]
Brands without borders: OMD’s Nikki Mendonca on the digital single market November 22, 2015 Sharing data across jurisdictions remains a headache for brands that operate within a number of different markets. The situation may be about to become a lot easier in Europe, however, due to the European Commission’s digital single market strategy. “I’m optimistic about what these changes would mean for brands,” says Nikki Mendonça, president of OMD [...]
Most expensive cities in the world: Londoners work longer than people in New York, Los Angeles, Luxembourg and Geneva to buy an iPhone 6 (and a Big Mac) September 17, 2015 We all know that London life can be expensive, not least when you factor in the cost of housing, but it turns out we have to slog it out at work to afford that most prevalent possession: our iPhones. Londoners have to work an average of 41.2 hours to be able to buy an iPhone [...]
McDonald’s Big Cheese: UK makeover chief Steve Easterbrook now has the whole world on his plate January 29, 2015 Steve Easterbrook, who used to play cricket at Durham University alongside ex-England captain Nasser Hussain, has long been viewed as one of McDonald’s star players – obtaining a captaincy of his own yesterday at the world’s biggest fast food chain. McDonald’s new Watford-born chief executive will take on the challenging task of reviving the group’s [...]