Dow rise fuelled by McDonald’s lift February 8, 2011 THE Dow notched a seventhstraight day of gains yesterday, but light volume suggested that investors don’t believe the more than five-month rally has the legs to keep going. Surprisingly strong sales by McDonald’s boosted optimism on consumer spending and drove the Dow’s gains on what turned out to be the quietest day of trading so [...]
CITY MOVES | WHO’S SWITCHING JOBS August 23, 2011 Sciens Management Holdings The provider of fund of funds and managed account services has hired two senior executives to its London team. Stavros Siokos (pictured) has joined as president and Michael Hart joins as senior marketing director. Siokos was formerly head of investment management at Piraeus Bank in Greece and an MD in the equities [...]
Hi-jinx and social climbing August 10, 2011 MARRYING UP BY WENDY HOLDEN Headline, £19.99 HAVING spent the 90s working for the Sunday Telegraph, the Sunday Times Style Mag – where she ghost-wrote a column by Tara Palmer Tompkinson – and Tatler, Wendy Holden knows a thing or three about social snobbery, the chattering classes and that type of person deserving of a [...]
THE SHOW MUST GO ON SAYS FOREX FINANCIER November 1, 2011 DIGITAL downloads decimating album sales, Russian born tycoon Len Blavatnik poised to swoop on the UK’s last major domestic music label – it’s fair to say the music industry has seen better days. Here to help the sector’s financially challenged artistes make the most of their remaining revenue sources – touring, merchandise and ticket sales [...]
THE SHOW MUST GO ON SAYS FOREX FINANCIER November 1, 2011 DIGITAL downloads decimating album sales, Russian born tycoon Len Blavatnik poised to swoop on the UK’s last major domestic music label – it’s fair to say the music industry has seen better days. Here to help the sector’s financially challenged artistes make the most of their remaining revenue sources – touring, merchandise and ticket sales [...]
Starbucks raises guidance as wealthy customers splash out July 29, 2011 Starbucks raised its fiscal year forecast above Wall Street’s estimates, banking on its relatively well-heeled customers visiting more often and shaking off price increases. The world’s biggest coffee chain, which is coming off a years-long restructuring that involved closing poorly performing stores to rekindle growth, on Thursday reported better-than-expected fiscal third-quarter earnings. Seattle-based Starbucks joined [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 20, 2011 FINANCIAL TIMES BLACKSTONE STRIKES €700M DEAL TO BUY GERMANY’S JACK WOLFSKIN Blackstone has agreed to take over outdoor clothing company Jack Wolfskin in a €700m ($995m) deal that underlined the rapid transformation of the sector from local businesses to international brands. The US buy-out group will announce on Thursday that it will acquire the German [...]
McDonald’s sees profits rise but misses December targets January 24, 2011 McDONALD’S has reported a nine per cent rise in global profits for 2010 with net profits of $4.95bn (£3.1bn) across its business, despite a slowdown in both fourth-quarter profits and sales. The fast-food retailer also said it expected to raise its prices this year, to offset a hike in its ingredients used to make its [...]
SIR TERRY LEAHY BUYS BRITISH AGAIN June 19, 2011 FORMER Tesco boss Sir Terry Leahy has backed a small British technology start up. Sir Terry, who ploughed £2m of his personal wealth into software start up MetaPack last week, has now led a £1.5m cash raising for mobile coupon firm Eagle Eye Solutions. He and two top-ranked City retail analysts, Bill Currie and Iain [...]
Starbucks hits back at McDonald’s with new cup January 16, 2011 STARBUCKS will soon introduce a new “Trenta” cup that will dwarf even its supersized Venti. The new offering will be available only for cold drinks such as iced coffee and iced tea and will cost around 30p more than Venti drinks. Seattle-based Starbucks tested the new size in several US markets last year, saying it [...]