Off-licence hits back at Games branding rules July 24, 2012 OFF-LICENCE chain Oddbins hasn’t so much tweaked the noses of London 2012 chiefs as clamped them in a vice and swung them from a wrecking ball. In a tongue-in-cheek attack on the strict branding laws designed to protect the Games’ official sponsors, Oddbins have offered a discount to anyone who proves they’ve shunned all of [...]
Stocks suffer from euro fear on Wall Street July 23, 2012 US STOCKS fell for a second straight session yesterday, as Spain appeared closer to needing a national bailout and poor corporate results weighed on the market. Weak results from McDonald’s added to the cautious tone on Wall Street. Materials stocks were among the day’s weakest, hurt by across-the-board declines in commodities prices. Still, stocks ended [...]
Procter & Gamble cuts forecasts as slower growth in Europe hits June 20, 2012 SLOWER growth in China, Europe and the US prompted Procter & Gamble (P&G) to cut its growth forecasts yesterday. The world’s largest household product maker is expecting lower growth rates as it has cut costs by £6.35bn. Its chief executive, Bob McDonald, said at an investor conference in Paris yesterday, that the company would adjust [...]
US corporate results round-up July 23, 2012 Slowing economy hurts McDonald’s FAST-FOOD chain McDonald’s reported lower than expected quarterly profit yesterday, hurt by a slowing global economy and the impact of a stronger dollar. The company said that net income fell 4.5 per cent to $1.35bn (£870m), and the impact of the stronger dollar ate into earnings in the latest quarter, while [...]
McDonald’s to dish up 2,500 British jobs January 24, 2012 FAST food king McDonald’s is to create 2,500 jobs in Britain during 2012 after benefitting from a recession that has pushed customers towards its cheap meals. The American firm announced an 11 per cent rise in net income for the last three months of 2011 to $1.38bn (£886m) on the back of a 10 per [...]
McDonald’s to dish up 2,500 British jobs January 24, 2012 FAST food king McDonald’s is to create 2,500 jobs in Britain during 2012 after benefitting from a recession that has pushed customers towards its cheap meals. The American firm announced an 11 per cent rise in net income for the last three months of 2011 to $1.38bn (£886m) on the back of a 10 per [...]
Why Metro Bank is flourishing in the low growth banking business November 13, 2012 WHEN we first opened Metro Bank’s doors in 2010, the prevailing response was that we were a little crazy. “How can you expect to drop into London and do something nobody’s done in more than 100 years: create a differentiated new bank model? It can’t be done!” But we knew that the UK banking market [...]
The Muslim world is opening up for Western investors October 8, 2012 AS INVESTORS and companies steer a course through social and economic turmoil, it is understandable that they are cautious of new markets. But, despite the volatility of the Arab Spring, it would be a missed opportunity to ignore the Muslim world. There are 1.8bn Muslims globally; the majority are spread across the 57 countries of [...]
Markets won’t recover until EU politicians make waves June 24, 2012 BUY the dip, sell the government policy induced rip. That was the advice from Larry McDonald, as we both waited for the Greek elections and the meetings leading up to this week’s EU summit. McDonald, author of the best-selling Colossal Failure of Common Sense – a book about the collapse of Lehman Brothers – rated [...]
CITY VIEWS: DO YOU THINK THE MCDONALD’S IMAGE HAS IMPROVED? January 24, 2012 CRAIG PIERCE | OFFSHORE LIFTBOATS LLC “Not really. Regardless of the marketing, the calorie count on their salads and lighter foods are still high. I would avoid eating there on a regular basis.” MARK BROWN | JLT INSURANCE “McDonald’s has been attempting to give itself a face-lift, certainly, but it is what it is. The [...]