A former banker says saving must begin at school September 22, 2011 I REMEMBER my first foray into high finance. Once a week my banker would travel to see me, take my money and give me a deposit receipt in return. He banked this money so it could be saved, bear interest and grow until I was a big girl. I was nine. Only years later did [...]
University not only option May 11, 2011 THE UK chief executive of McDonald’s called for an end to snobbery surrounding university degrees yesterday, arguing that many workers would be better off learning through their job. Jill McDonald said young people should not see a degree as their only option and should consider a job with an employer such as McDonald’s that will [...]
McDonald’s growth disappoints December 8, 2010 McDonald’s reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and Japan. Worldwide November sales at restaurants open at least 13 months were up 4.8 per cent. In the US, sales were up 4.9 per cent. Wall Street had expected global [...]
Eurozone runs the risk of going up in flames July 3, 2011 LAST week I had a scary near-miss moment. I was so distracted by uploading photos of myself looking smug on Centre Court at Wimbledon that I forgot to switch off the hob. Next morning, I discovered the gas had burned all night, perilously close to the tea towel and the dog. But Wimbledon was so [...]
McDonald’s faces suit in US over toys December 15, 2010 A US consumer group yesterday sued McDonald’s to stop the world’s largest hamburger chain from using Happy Meal toys to lure children into its restaurants. The Center for Science in the Public Interest is representing a Sacramento mother of two in the lawsuit, which alleges unfair marketing and other violations of California’s consumer protection law. [...]
Phadia nets Cinven £2.5bn May 19, 2011 BUY-OUT group Cinven has sold Phadia, a maker of allergy and auto-immune tests, to Thermo Fisher Scientific for €2.47bn (£2.18bn), it announced yesterday. Cinven paid €1.29bn for Sweden-based Phadia in January 2007, and has expanded the firm’s US and Asian market shares. The deal, set to close in the fourth-quarter, is expected to increase Thermo’s [...]
Sweet day for Dunkin’s as shares wolfed July 27, 2011 HUNGRY investors snapped up shares in the owner of US snack chain Dunkin’ Donuts on its first day of trading yesterday, sending them up almost 50 per cent by the close. Dunkin’ Brands, which also owns ice cream seller Baskin-Robbins, raised its planned $422.8m (£258m) through a Nasdaq initial public offering after pricing its offering [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 17, 2011 FINANCIAL TIMES FED SEEKS ANNUAL US BANK STRESS TESTS The Federal Reserve wants to subject US banks to annual capital tests, reserving the right to veto dividend pay-outs if they do not pass. A draft of the new rule is set to be approved by the Federal Reserve Board and put out for public comment [...]
Apple brand tops the table May 8, 2011 APPLE has become the most valuable brand in the world, at the expense of its increasingly bitter rival Google. Steve Jobs’ firm has an estimated brand value of $153bn (£93bn) according to WPP subsidiary BrandZ. Apple knocked Google off its perch following a run of four years with the search giant at the top of [...]
Apple brand tops the table May 8, 2011 APPLE has become the most valuable brand in the world, at the expense of its increasingly bitter rival Google. Steve Jobs’ firm has an estimated brand value of $153bn (£93bn) according to WPP subsidiary BrandZ. Apple knocked Google off its perch following a run of four years with the search giant at the top of [...]