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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 Pay launches: Why mobile payment is about take off October 21, 2014 Apple Pay, the tech giant's mobile payment service, has launched in the US offering users the ability to pay for items using just their mobile phone. It kicks of the most high-profile launch in the nascent mobile payment space, which could finally push it into the mainstream. A mobile wallet is perhaps the best way [...]
Europe getting even hungrier for McDonald’s September 10, 2013 FAST food giant McDonald’s yesterday reported a bigger-than-expected 1.9 per cent increase in global sales at established restaurants in August, after a revival in France helped drive solid results in Europe, its top market. Although the results from the world’s biggest fast-food chain soundly beat the average estimate of a 0.3 per cent increase from [...]
End to teaser rates at RBS March 17, 2014 RBS ATTACKED the credit card sector yesterday, calling zero-rate offers “debt traps” and promising to end the practice across its brands. It will no longer offer zero per cent purchase rates and balance transfers on its credit cards. “The credit cards industry is absolutely dominated by teaser rates, trapping people into a spiral of debt [...]
Meet Yuan Yafei: coming to a high street near you March 31, 2014 HOUSE OF Fraser is set to be snapped up by a former Chinese government employee who developed his £5bn conglomerate Sanpower from humble origins selling computers in the eastern city of Nanjing. Yuan Yafei, who Forbes estimates has a personal fortune of $485m (£291m), is currently the chairman of Sanpower, a Nanjing-based company that owns [...]