McDonald’s earnings fail to impress markets January 24, 2011 FAST food giant McDonald’s served “slightly disappointing” fourth-quarter earnings after weaker-than-expected December sales in the US and Europe because of poor weather. Investors and analysts were unimpressed despite the restaurant chain reporting profit in line with expectations. The outlook for the chain was also clouded by its warning that it expects food costs to be [...]
Subway now bigger than McDonald’s March 8, 2011 SANDWICH group Subway has overtaken McDonald’s as the world’s largest restaurant chain, the company has said. Subway had 33,749 sites across the globe at the end of last year, compared with 32,737 for McDonald’s.In recent years, Subway has made a major push into international markets with its successful franchised business model, which emphasises small, low-cost [...]
Subway now bigger than McDonald’s March 8, 2011 SANDWICH group Subway has overtaken McDonald’s as the world’s largest restaurant chain, the company has said. Subway had 33,749 sites across the globe at the end of last year, compared with 32,737 for McDonald’s.In recent years, Subway has made a major push into international markets with its successful franchised business model, which emphasises small, low-cost [...]
CITY MOVES | WHO’S SWITCHING JOBS September 16, 2011 BlackRock Amra Balic has joined the asset manager as the EMEA head of corporate governance and responsible investment. Balic joins BlackRock from Standard & Poor’s, where she was a director in European Corporate Credit Ratings, responsible for corporate governance into the credit ratings process. Prior to joining S&P’s Corporate Governance Services team in 2000, Balic [...]
CITY MOVES | WHO’S SWITCHING JOBS September 16, 2011 BlackRock Amra Balic has joined the asset manager as the EMEA head of corporate governance and responsible investment. Balic joins BlackRock from Standard & Poor’s, where she was a director in European Corporate Credit Ratings, responsible for corporate governance into the credit ratings process. Prior to joining S&P’s Corporate Governance Services team in 2000, Balic [...]
McDonald’s boosted by Europeans February 8, 2011 MCDONALD’S yesterday reported a stronger-than-expected sales rebound in January in Europe, its biggest market for revenue. Sales at restaurants in Europe open at least 13 months jumped seven per cent last month, well above the 3.7 per cent analysts had expected. This was also a significant improvement from December, when sales in Europe fell 0.5 [...]
WALL STREET WEEK AHEAD October 2, 2011 INVESTORS are worried US earnings growth may finally fall back to earth as turmoil in Europe and signs of a less robust Chinese economy hurt foreign support. The Eurozone’s debt crisis and weakness in China have fuelled investor concern that the global economy could tip back into recession, possibly dampening US earnings growth at a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
Hits and misses in US company results July 22, 2011 America’s biggest companies have delivered a mixed bag of earnings news, with a disappointing update by heavy equipment maker Caterpillar offset by forecast-beating news from GE, Schlumberger and McDonalds. Caterpillar, which updated the market after the bell last night, said its second-quarter profit was $1.02bn (£629m), 44 per cent higher than the same quarter in [...]