Stock markets have retreated again over worries of further US interest rate rises after the Federal Reserve defied Donald Trump to increase rates for the fourth time this year.

The EU has confirmed it is “actively investigating” a potential breach of its diplomatic communications network, following reports that secret cables had been stolen by hackers.

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A handful of banks will be forced to write multimillion pound cheques to buy shares in the construction giant Kier Group after some of its biggest investors snubbed the chance to take part in a £250m fundraising.

GlaxoSmithKline (GSK) is to merge its consumer healthcare unit with that of rival Pfizer, to create a new market leader with almost £10bn in annual sales.

 

Santander has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) says.

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Burger King boss Jose Cil named Restaurant Brands International CEO

Burger-King-boss-GBO

Cil, who had been with the company for the last 18 year, and its president since 2014, will be tasked with improving global sales for the company’s three brands

Restaurant Brands International Inc names Jose Cil, the current head of its Burger King business as its chief executive officer. He will be replacing Daniel Schwartz.

Cil, who has been with Burger King for 18 years and its president since 2014, will be tasked with improving global sales for the company’s three brands – Tim Hortons, Popeyes and Burger King.

Restaurant Brands also stated that it expects fourth quarter comparable sales to rise 2.2% in Canada and 1.9% globally at its Tim Hortons chain. Burger King comparable sales are expected to grow 0.8% in the United States.

The company stated that it expects comparable sales of 1.7% at its Burger King outlets globally in the fourth quarter compared to a 4.6% rise in the same period last year.

It expects 1.9% rise in comparable sales at its coffee and doughnut chain Tim Horton, which saw a 0.1% rise, a year ago.

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