The billionaire philanthropist: Chemical magnate Jon Huntsman talks egg boxes and saving lives January 4, 2015 Most men lead lives of quiet desperation and go to the grave with the song still in them.” That is what Jon Huntsman Senior, the self-made billionaire who has given away over 80 per cent of his wealth, said to me when I asked him what message he would like to send to today’s wealthy. [...]
Britain’s cheapest burger? It’s not where you might think April 30, 2014 Where can you find Britain’s cheapest average high street burger meal? If you answered McDonalds, you’re absolutely wrong. Bargain-basement burgers In fact since 2008 the price of McDonald’s Big Mac, the fast food chain’s most popular burger, has jumped by more than 30%, according to research from stockbroker Shore Capital. Having remained at £2 for [...]
The fast food revolutionary: EatFirst co-founder Rahul Parekh talks long hours, calories, mopeds and Mayfair hotels January 11, 2015 If you're after a startup story with a good luck streak, then that of Rahul Parekh, co-founder of EatFirst, might be the one for you. One evening, late last April, Parekh was holed up in a Mayfair hotel. He got chatting to some friends of a friend who, it transpired, worked for Rocket Internet – [...]
Ketchup shake-up as McDonald’s drops Heinz October 28, 2013 MCDONALD’S is to end its 40-year relationship with ketchup-maker Heinz after Bernardo Hees, the former boss of rival Burger King, took over as Heinz’s chief executive. Warren Buffett’s Berkshire Hathaway and investment firm 3G Capital bought Heinz in June, naming Hees as chief executive. McDonald’s said on Friday that as a result it plans to [...]
Fast food sales growth slows at McDonald’s October 21, 2013 MCDONALD’S missed forecasts with its quarterly revenue figures yesterday, and warned that global sales in October are likely to be flat on last year. Sales at stores opened for at least 12 months rose 0.9 per cent in the third quarter, missing analysts’ expectations of a one per cent rise, according to Consensus Metrix. A [...]
City Moves for 22 August 2014 | Who’s switching jobs August 21, 2014 RBC Global Asset Management The asset management arm of Royal Bank of Canada has appointed Clive Brown as chief executive and managing director of RBC Global Asset Management International. He joins from JP Morgan Asset Management, where he was global chief operating officer and chairman of Asia. Brown has also previously worked as chief executive [...]
New York Report: McDonald’s US report feeds a fear of equities October 21, 2013 US STOCKS ended little changed last night as lacklustre earnings reports from McDonald’s and others fed concerns that equities were overpriced after the S&P index’s run to record highs last week. Investors also showed a reluctance to make aggressive bets ahead of today’s release of US payrolls data for September, which was delayed by the [...]
What you need to know before the US open April 4, 2014 A rise in US stock index futures is pointing to a positive open, as markets digest the latest jobs report. The US created 192,000 jobs in March – lower than analysts expectations of 200,000. London-based consultancy Capital Economics said the number "confirms that the recent spate of weakness was nearly all due to the severe [...]
Dish of the Day: Learn how to make Chicken Shop chicken at home July 8, 2014 Learn how to cook a bird like Ronnie Bonetti, the mastermind behind Soho House's food "WHEN Soho House decided to open a Chicken Shop, the owner Nick Jones asked me to make him the best chicken in London. I went into kebab shops, fried chicken shops, I tried supermarket rotisserie chicken and I [...]
Apple-teaser: Are Watch, Pay and iPhone 6 enough to reinvigorate Apple? September 11, 2014 Apple Watch What’s new? Everything. The Apple Watch is Apple’s first brand new product launch since the death of Steve Jobs. It’s also the company’s first entry into the much-hyped wearable tech sector. Three different versions – Apple Watch, Watch Sport and the 18c gold Apple Watch Edition – will be available, with six additional [...]