Eco-toilet firm Propelair flush with new funds November 13, 2014 CF Woodford Equity Income Fund, headed by top British fund manager Neil Woodford, yesterday agreed to pour £2.6m into toilet firm Propelair. Propelair will use the funds to support the expansion of its sales, marketing and installation teams. It will also provide working capital for the firm to widen its customer base and build stock [...]
The Shanghai’s the limit in this city that never stops March 29, 2015 Londoners are obsessed with christening skyscrapers. From the Walkie Talkie to the Cheesegrater, new buildings are barely granted planning permission before they are slapped with a nickname, reducing years of meticulous planning to a childish slogan. If the residents of Shanghai had a similar habit, they’d have little time to do anything else. The skyline [...]
Spotify serendipity: music streaming service rolls out map showing the social side to music August 21, 2014 Spotify has rolled out a new feature: a map that shows two people on the planet listening to the same tune, at the same time. As you watch, the map dances from place to place, offering audio glimpses of the tracks the pairs are listening to. You can click to decide to continue listening at [...]
Greggs share price dips after ‘scum’ logo hack August 19, 2014 Pasty purveyor Greggs came in for a social media battering today after it emerged that someone had messed with the baker's logo. People Googling to look for the business – which now claims to have more UK outlets than McDonalds – found its strapline suddenly claimed it had been “providing shit to scum for [...]
Poultry empire Moy Park eyes £1bn stock float August 17, 2014 MARFRIG, the Brazilian owner of food giant Moy Park, is exploring plans for a London public offering of the firm which could value the poultry producer at £1bn. Moy Park, which supplies meat to fast food chains, including McDonald’s and Burger King, issued £200m of bonds earlier in the year, seen as a precursor to [...]
The small job perks that can boost engagement December 4, 2014 Visitors to Dropbox’s office in the China Basin district of San Francisco are likely to be handed two things on entry: a name badge and a Razor scooter. Whizzing through the corridors of the 85,000 square foot space, they’ll come across a gym, tuck shops, a sprinkling of juice and coffee stations, a music room [...]
Phoenix from the flames: With US stocks at record highs, where can investors look next? April 23, 2015 From the darkest depths of the financial crisis six years ago, the world’s largest economy has rebounded strongly – and its equity markets have soared. US equities are now entering the seventh year of a bull market, with the seemingly unstoppable S&P 500 reaching a new record high virtually every month. The performance of [...]
McDonald’s US sales disappoint December 9, 2013 MCDONALD’S yesterday reported another sluggish month of sales at established restaurants, results that suggest the famed hamburger chain is losing US market share to rivals. November’s biggest disappointment came from the US, where monthly sales at restaurants open at least 13 months fell 0.8 per cent, versus the 0.3 per cent gain expected. Same-restaurant sales [...]
Mighty Wings fail to save McDonald’s from poor performance in October November 8, 2013 McDonald's, the world's largest fast-food company, recorded a weaker than expected sales increase of 0.2 per cent in the US in October. New products such as the Mighty Wings and the Pumpkin Spiced Latte were largely responsible for the tepid growth seen in the US, but failed to produce impressive results. Sales in Europe rose [...]
The Whopper of all rows: Burger King slammed by customers after Tim Horton deal August 26, 2014 Burger King was forced to issue a statement claiming its merger with doughnut business Tim Horton was “not tax-driven” after receiving a barrage of criticism on social media today. The burger giant today struck a deal to create the world's third largest fast food restaurant with a market capitalisation of $20bn (£12bn), as part [...]