Sepp Blatter resigns as president of Fifa June 2, 2015 Fifa boss Sepp Blatter resigned from his presidency of the organisation, after weeks of accusations in the run-up and following his re-election as president. Read more: Blatter's Fifa reign is four times longer than the average FTSE boss In a last-minute press conference called this afternoon, Blatter said the organisation "needs a profound restructuring", and [...]
Qatar accused of being a “slave state” as pressure campaign on Fifa sponsors is launched May 18, 2015 Qatar has been accused of being a "slave state" at the launch of a campaign from international workers unions, pressure groups and the sportswear company Skins demanding Fifa's sponsors challenge human rights abuses at World Cup construction sites in the gulf state. Figures from Skins, the International Trade Union Confederation (ITUC), the UK's Trade Union [...]
McDonald’s share price takes a hit as fast food giant’s profit slips July 22, 2014 McDonald's shareholders were left with a sour taste today, as another disappointing earnings report sent shares in the hamburger chain tumbling by more than two per cent in early trading. The fast-food giant said its profit for the second quarter fell one per cent in the three months to June, while same store sales dropped [...]
Halfords chief finance officer to join easyJet April 13, 2015 THE FINANCE chief of Halfords is getting off his bike at the retailer and hopping on a plane instead, after agreeing to take up the same role at easyJet, the companies said yesterday. Andrew Findlay will join the budget airline at the end of October, replacing Chris Kennedy who announced that he was leaving for [...]
FBI target Blatter as Fifa kingpin quits at last June 2, 2015 President calls time on 17-year reign amid corruption probe BESIEGED Sepp Blatter is believed to be under investigation by the FBI after shocking football by suddenly quitting the presidency of scandal-hit world governing body Fifa yesterday. Blatter, 79, brought an abrupt end to his 17-year reign with a hastily-convened speech, saying he did not feel [...]
Russian government shutters three more McDonald’s outlets August 26, 2014 The Russian government yesterday closed another three branches of McDonald’s, despite official denials that the shutdowns were related to sanction efforts against western governments. Last week, the state shuttered four McDonald’s outlets in Moscow, citing unsanitary conditions. Yesterday, two more in Moscow were closed, along with one in the mountainous Urals region. The company’s Russian [...]
McDonald’s to take legal action against Russian restaurant ban August 27, 2014 Fastfood giant McDonald’s yesterday hit back against the closure of five of its restaurants in Russia over what the country’s food regulator Rospotrebnadzor claimed were sanitary problems. Maxim Titarenko, a lawyer representing the fastfood company, protested: “The violations mentioned by the Rospotrebnadzor have already been eliminated or are being eliminated.” McDonald’s said in a statement: “We do [...]
US wages up for discussion – The week ahead on Wall St May 10, 2015 LABOUR expenses will be a key focus during retailers’ earnings conference calls in the coming weeks, with many companies under pressure to boost workers’ wages at a time when low US unemployment levels have given workers more leverage. Wal-Mart, Target Corp, T.J. Maxx, Gap, and McDonald’s have already announced wage increases, and the trend appears [...]
US stocks lifted by welcome for Visa in China – New York Report April 22, 2015 US STOCKS ended stronger yesterday as Visa’s potential expansion into China and talk of a turnaround at McDonald’s helped investors look beyond a mixed bag of quarterly earnings. All of the 10 major S&P 500 sectors rose, with the tech index gaining 1.09 per cent, propelled by Visa and MasterCard. Visa ended 4.07 per cent [...]
Tesco’s ban on sugary drinks is fine – as long as the government keeps away and consumers can still vote with their feet July 28, 2015 As a libertarian, I don’t quite know what to think about Tesco’s decision to drop Ribena and other sugary drinks for kids. On its own, I can see the advantages. As part of a broader trend, it’s a little worrying. So why might Tesco be doing this? Let’s take it for granted that Tesco [...]