Big Mac 'n fries, sure! Your McDonald's waiter will be with you in a minute
Table service goes down well with visitors to the burger chain in Greater Manchester as the fast-food giant tries ways to reverse sliding sales For McDonald’s executive Andy Shaw, it is the perfect day to test a radical change on customers. “August. Raining. Kids off school. Families looking for a treat,” he says, standing inside […]
Dairy farmers call for supermarket boycott as milk price falls
Farmers protests against Morrison’s, Aldi, Lidl and Asda as milk processors cut price per litre Dairy farmers are telling consumers not to buy milk at Morrisons, Aldi, Lidl and Asda as the battle over prices spills on to the high street for the second time in three years. Farmers have been protesting in UK supermarkets […]
Super Thursday: Bank of England votes 8-1 to hold interest rates
City analysts push prospect of a rate rise into 2016 as only one MPC member votes for an increase Fears that the Bank of England is poised to start raising interest rates have receded, after news that just one of the nine members of its policy committee voted to increase borrowing costs from their record […]
Quindell shares plunge 28% as troubled firm returns to market
Insurance claims handler faces FCA and SFO investigations amid deepening losses Shares in Quindell, the troubled insurance claims handler, have fallen 28% on their first day of trading since they were suspended in June. The shares fell as much as 40% in early trading and closed down by more than a quarter, leaving the company […]
Tom Hayes sentence: my son’s integrity and self-respect are intact | Letters
Joshua Rozenberg’s justification of Judge Cooke’s 14-year sentence on my son, Tom, for conspiracy to defraud (14 years in jail for Libor rigging? The judge makes a persuasive case, 4 August) may satisfy those who think there is no penalty too harsh for a banker. Thankfully many others have taken the opposite view: that this […]
Activist investor buys into Cadbury's owner
Hedge fund billionaire Bill Ackman builds $5.5bn stake in Mondelez US activist investor Bill Ackman has built a stake worth about $5.5bn (£3.5bn) in Mondelez, the maker of Cadbury chocolate and Oreo biscuits, in what is seen as an attempt to push the company to grow faster or seek a buyer. Mondelez shares were pushed […]
Mark Carney: Bank of England to freeze 0.5% interest rate – video
The governor of the Bank of England says the Monetary Policy Committee voted to 8-1 to hold the interest rate at 0.5%. It also voted unanimously to maintain the stock of asset purchases at £375bn and re-affirmed its expectation that when rate increments occur they can be expected to be limited and gradual. However, he […]
Can big brands like Nestlé really play a role in halting land disputes?
Businesses need to start seeing communities as legitimate counterparts if we are to stand a chance of slowing down conflicts over land Globally, over 70% of land lacks clear registration or is subject to ownership disputes. This phenomenon directly increases the vulnerability of the world’s poorest, as development agencies such as the World Bank now […]
Super Thursday: Pound tumbles as Bank signals no rate rise imminent – live
Pound falls 0.75% after triple release from Bank of England Economists say rate hike this year looks unlikely now; only one MPC member backed a rate rise Super Thursday: the Bank of England’s triple data day explained Super Thursday: Bank of England transparency or information overload? Greek unemployment falls to 3-year low of 25% Athens […]
BA owner IAG 'to sustain thousands of UK jobs' with order for 31 Airbus planes
Airline group is buying 11 long-haul jets and 20 short-haul aircraft, with a large proportion of the manufacturing to be done in Britain British Airways’ owner International Airlines Group has placed an order for 31 Airbus aircraft valued at $5.2bn (£3.3bn) in a deal that the aircraft manufacturer said would sustain thousands of British jobs. […]