[/caption]Hi all, I have been developing a new blog please come and visit it
[/caption]Hi all, I have been developing a new blog please come and visit it
[polldaddy poll="1314875"] | |
McDonald's to open 1,000 stores | |
US fast-food chain McDonald's says it plans to open 1,000 new restaurants this year. The world's largest hamburger chain also said fourth-quarter net income fell 23% to $985.3m (£710m), from $1.27bn a year before. Revenue fell to $5.57bn from $5.75bn, even though global same-store sales rose 7.2%, as the firm was hit by the strong dollar. In the US, the firm raised the price of its Double Cheeseburger in November. Announcing the results, chief executive Jim Skinner said: "For 2009 we plan to invest $2.1bn in capital to open about 1,000 new restaurants and reinvest in our existing locations." Despite beef, cheese, and other ingredients rising in price, the company reported an 8% fall in total operating costs and expenses. McDonald's has seen sales rise in the economic downturn, helped by its low prices and ubiquity of its outlets. In the quarter, its same-store sales in the US rose 5% on the year before. International same-store sales were also ahead, rising 7.6% in Europe and 10% in the Asia-Pacific, Middle East and Africa division. sourced from The BBC | |
NEW YORK (Reuters) -- McDonald's Corp. reported a better-than-expected quarterly profit on Monday though revenue fell short of Wall Street expectations due to a stronger U.S. dollar, and its shares fell more than 2%.
The world's largest hamburger chain also said it would open 1,000 restaurants this year.
Fourth-quarter net income fell about 23% to $985.3 million, or 87 cents per share, from $1.27 billion, or $1.06 per share, a year earlier, when results included a large tax-related benefit.
Analysts on average were expecting earnings of 83 cents per share, according to Reuters Estimates.
sourced from CCN Money read full article
[polldaddy poll="1314875"] | |
McDonald's to open 1,000 stores | |
US fast-food chain McDonald's says it plans to open 1,000 new restaurants this year. The world's largest hamburger chain also said fourth-quarter net income fell 23% to $985.3m (£710m), from $1.27bn a year before. Revenue fell to $5.57bn from $5.75bn, even though global same-store sales rose 7.2%, as the firm was hit by the strong dollar. In the US, the firm raised the price of its Double Cheeseburger in November. Announcing the results, chief executive Jim Skinner said: "For 2009 we plan to invest $2.1bn in capital to open about 1,000 new restaurants and reinvest in our existing locations." Despite beef, cheese, and other ingredients rising in price, the company reported an 8% fall in total operating costs and expenses. McDonald's has seen sales rise in the economic downturn, helped by its low prices and ubiquity of its outlets. In the quarter, its same-store sales in the US rose 5% on the year before. International same-store sales were also ahead, rising 7.6% in Europe and 10% in the Asia-Pacific, Middle East and Africa division. sourced from The BBC | |
NEW YORK (Reuters) -- McDonald's Corp. reported a better-than-expected quarterly profit on Monday though revenue fell short of Wall Street expectations due to a stronger U.S. dollar, and its shares fell more than 2%.
The world's largest hamburger chain also said it would open 1,000 restaurants this year.
Fourth-quarter net income fell about 23% to $985.3 million, or 87 cents per share, from $1.27 billion, or $1.06 per share, a year earlier, when results included a large tax-related benefit.
Analysts on average were expecting earnings of 83 cents per share, according to Reuters Estimates.
sourced from CCN Money read full article
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[/caption]I work for a food manufacture. I think we should start buying seasonal produce, this will halp local producers and local growers. local produce. Why should we be able to buy strawberry's in December, we buy so much food from around the world, do we care about who and how our food is manufactured.
[polldaddy poll="1283004"]
Morrisons to create 5,000 new jobs
A Morrisons customer in Tynemouth. The company wants to add 90,000 sq metres of store space in coming years Photograph: Owen Humphreys/PA
Morrisons has pledged to create 5,000 jobs this year, bucking the rise in unemployment as it looks to grow despite the economic downturn.
Britain's fourth-largest supermarket group said this morning that it would create new positions across its chain of stores. The new roles will include working on Morrisons' butchery, fish and bakery counters, said the personnel director, Norman Pickavance, although full details were not available.
"Even in these challenging economic conditions, Morrisons is committed to hiring and training new people to keep retail as the engine room of the economy and support our continuing growth," Pickavance said.
sourced from The Guardian read full article
[/caption][/caption][/caption][/caption][/caption]I work for a food manufacture. I think we should start buying seasonal produce, this will halp local producers and local growers. local produce. Why should we be able to buy strawberry's in December, we buy so much food from around the world, do we care about who and how our food is manufactured.
[polldaddy poll="1283004"]
Morrisons to create 5,000 new jobs
A Morrisons customer in Tynemouth. The company wants to add 90,000 sq metres of store space in coming years Photograph: Owen Humphreys/PA
Morrisons has pledged to create 5,000 jobs this year, bucking the rise in unemployment as it looks to grow despite the economic downturn.
Britain's fourth-largest supermarket group said this morning that it would create new positions across its chain of stores. The new roles will include working on Morrisons' butchery, fish and bakery counters, said the personnel director, Norman Pickavance, although full details were not available.
"Even in these challenging economic conditions, Morrisons is committed to hiring and training new people to keep retail as the engine room of the economy and support our continuing growth," Pickavance said.
sourced from The Guardian read full article
