New York Report: Rise in energy shares drives Wall St higher August 28, 2013 WALL Street rose yesterday as energy shares rallied on higher oil prices as the United States and its allies edged closer to military action against Syria. Trading volume was thin and came after a drop in the S&P 500 index on Tuesday to its lowest in two months. Yesterday stocks recouped some of the losses [...]
McDonald’s to create 2,500 UK jobs as it reveals rise in sales January 23, 2013 MCDONALD’S announced plans yesterday to create 2,500 jobs at its restaurants this year, taking its UK workforce to 93,500. The world’s biggest restaurant group said the move builds on the 3,500 jobs created in 2012, of which 70 per cent were taken by young people under the age of 21. Business secretary Vince Cable, who [...]
Redknapp’s mission clouded by uncertainty August 1, 2013 GUIDING QPR back to the Premier League could be manager Harry Redknapp’s toughest task yet, with his squad still horribly unbalanced on the eve of the Championship season, which starts tomorrow. Following relegation from the top flight last term, 11 first team players have been moved on, including high earners such as centre-back Christopher Samba [...]
City Moves for 24 July 2013 | Who’s switching jobs July 23, 2013 Marsh Jane Barker has been appointed chairman at the insurance company. She is currently chief executive of Equitas, a position she has held for six years. She was previously chief operating officer at the London Stock Exchange. PwC The professional services company has announced the appointment of Umang Paw as a partner, and head of [...]
Confessions of a Serial Entrepreneur: Polls, patterns and poker: The economic lessons I’ve learned and loved November 3, 2013 WHEN I briefly ran away from my foster home at 17, I missed some important final exams. No one thought I would come back, but my ever-supportive economics teacher, Peter Rolfe, put his neck on the line and insisted the school submit some estimates for my grades. That enabled me to go to university, where [...]
New York Report: S&P notches a third record close in a row July 22, 2013 THE S&P 500 notched a third consecutive record closing high yesterday and other major indexes rose, though disappointing McDonald’s earnings kept the Dow from making significant gains. Banks and health shares were the day’s best performers, with financials advancing for the 10th time in the past 12 sessions. Bank of America led the group, while [...]
US markets up on McDonald’s and tech stock December 10, 2012 US stocks edged higher yesterday Monday, helped by gains in McDonald’s after the fast-food giant posted strong sales results, and a move up in technology shares. Technology stocks were the S&P 500’s best-performing sector as Hewlett-Packard climbed 2.9 per cent to $14.20 on rumours that activist investor Carl Icahn is building a stake in the [...]
Five facts about the modern world that will make you think October 23, 2013 1 IN the US, over 8,000 waiters have PhDs or equivalent qualifications, as have 5,057 cleaners. Roughly 317,000 waiters have university degrees, as have 80,000 bartenders and 18,000 parking attendants. These figures have been highlighted by Richard Vedder of the University of Ohio, and are based on official statistics from 2010; today’s situation is unlikely [...]
McDonald’s struggles in October November 8, 2012 McDonald’s yesterday reported a 1.8 per cent drop in October sales at established restaurants around the world, its first monthly sales fall since March 2003, hurt by stiff competition in a weak economy. Analysts, on average, expected a 1.07 per cent decline in sales at restaurants open at least 13 months, according to Consensus Metrix. [...]
Starbucks sees boost from its American sales July 25, 2013 STARBUCKS posted a bigger than expected jump in quarterly profit last night, after new beverages raised sales in its US stores. The world’s biggest coffee chain also raised its full-year profit forecast, sending shares soaring almost six per cent in after-hours trading. Seattle-based Starbucks’ position at the premium end of the coffee market means it [...]