McDonald’s US unit weakens November 8, 2010 McDonald’s yesterday reported a weaker-than-expected rise in October sales at US established restaurants as high unemployment keeps plaguing the world’s largest hamburger chain’s key domestic market. October sales at restaurants open at least 13 months were up 5.6 per cent in the US but missed some analysts’ estimates. Despite the macroeconomic weakness that has dented [...]
McDonalds to sell lattes to Brits September 22, 2010 Fast-food retailer McDonald’s is to target the rapidly expanding British coffee market by selling espresso-based drinks alongside Happy Meals and Big Macs. McDonalds said it sold 84m cups of coffee last year and, since re-launching its coffee business three years ago, sales have jumped 39 per cent. The food chain expects to cash in on [...]
RADIO SILENCE BY SKY BOSS ON MURDOCH BID May 11, 2011 INNOVATION was the theme for BSkyB chief executive Jeremy Darroch at the Institute of Directors’ convention yesterday, where fellow speakers included McDonald’s chief executive Jill McDonald, chancellor George Osborne and shadow chancellor Ed Balls. “The most successful businesses are those that constantly seek to adapt and renew themselves,” said Darroch, as he charted the broadcaster’s [...]
Jazz, cigars and pop stars come to Docklands May 11, 2011 WITH finishing touches being made to Battery Club in Canary Wharf, the owners are not resting on their laurels. They’re in the midst of launching Alphabet City, a hip new members only dining room, bar and lounge at the O2. With all manner of pop star after-parties in the mix, locking down a founder membership [...]
Jazz, cigars and pop stars come to Docklands May 11, 2011 WITH finishing touches being made to Battery Club in Canary Wharf, the owners are not resting on their laurels. They’re in the midst of launching Alphabet City, a hip new members only dining room, bar and lounge at the O2. With all manner of pop star after-parties in the mix, locking down a founder membership [...]
McDonald’s posts strong profit rise October 21, 2010 McDonald’s yesterday beat Wall Street expectations for quarterly profit and same-store sales growth in September as the popularity of its fruit smoothies and Dollar Menu helped it win further market share. The world’s biggest hamburger chain is outperforming the overall fast-food sector, which is struggling with high US unemployment and economic weakness domestically and in [...]
Fed update helps to limit Wall St’s losses March 15, 2011 US stocks fell one per cent but ended far from session lows yesterday on the Federal Reserve’s more upbeat economic view and growing sentiment that Japan’s nuclear crisis would only temporarily depress shares. In a second straight day of losses tied to Japan, the S&P 500 fell to within four points of support at 1,257, [...]
MEMO TO KING: DON’T IGNORE THE BIG PICTURE April 19, 2011 TIMES are tough in the public sector – and nowhere more so than at the Bank of England, where staff are feeling the effects of a pay freeze until 2013. To raise morale as the cuts hit home, The Capitalist hears the Bank of England has introduced a Better Place to Work scheme, an ongoing [...]
MEMO TO KING: DON’T IGNORE THE BIG PICTURE April 19, 2011 TIMES are tough in the public sector – and nowhere more so than at the Bank of England, where staff are feeling the effects of a pay freeze until 2013. To raise morale as the cuts hit home, The Capitalist hears the Bank of England has introduced a Better Place to Work scheme, an ongoing [...]
Advisers line up for the biggest deal in town February 14, 2011 WHEN you’re trying to build up a franchise in mergers and acquisitions, there’s nothing better than being signed up to work on one of the biggest deals in town. So naturally Barclays Capital and RBC Capital Markets were as pleased as punch to be advising the London Stock Exchange on its £4.3bn merger with Canada’s [...]