Starbucks missed comparable sales estimates on China COVID curbs

A Starbucks sign is shown on one of the company’s stores in Los Angeles, California, US October 19, 2018. REUTERS/Mike Blake GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Aug 2 (Reuters) – Starbucks Corp (SBUX.O) missed Wall Street estimates for quarterly comparable sales on Tuesday, as business in China … Read more

Britain’s Greggs reiterates outlook in tough market

A Christmas themed window display is pictured at a branch of Greggs bakery chain in London, Britain, November 18, 2021. Picture taken November 18, 2021. REUTERS/May James Register now for FREE unlimited access to Reuters.com Register LONDON, Aug 2 (Reuters) – British baker and fast food chain Greggs (GRG.L) maintained its full-year outlook on Tuesday, … Read more

Analysis: World’s biggest bond markets back in vogue as recession fears mount

Global indices are displayed on a screen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 19, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, July 29 (Reuters) – One day you’re out and the next day you’re in: the world’s … Read more

Chipotle sees stronger quarterly sales on higher prices, demand

A signage is seen in a Chipotle outlet in Manhattan, New York City, US, February 7, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register July 26 (Reuters) – Chipotle Mexican Grill Inc (CMG.N) on Tuesday forecast a rise in current-quarter comparable sales, betting that demand for its burritos and rice bowls … Read more

Analysis: Crisis of confidence stifles China’s economic recovery

Consumers tighten belts, private businesses cut spending Private sector feeling most of the pain of China’s slowdown Policy measures likely to remain focused on infrastructure BEIJING, July 26 (Reuters) – Chinese beef hotpot restaurant chain Baheli, which makes only a third of the revenue it earned before the COVID-19 pandemic, has no intention to resume … Read more

Analysis: Food delivery companies revamp for cost-of-living crunch

AMSTERDAM/NEW YORK, July 25 (Reuters) – When food delivery service Grubhub struck a deal with Amazon (AMZN.O) earlier this month, offering Prime customers a year’s free delivery, shares in rivals slumped. The deal, a lifeline for Grubhub that will increase pressure on its competitors, was the latest example of a meal delivery company taking action … Read more

KFC operator in Thailand explores sale of business-sources

A Kentucky Fried Chicken (KFC) logo is pictured in North Miami Beach, Florida, US April 6, 2017. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register SINGAPORE, July 25 (Reuters) – Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue … Read more

Mitchells & Butlers margins squeezed by inflation, heat wave hits sales

The Mitchells & Butlers company logo is pictured in London, Britain, December 1, 2021. REUTERS / May James Register now for FREE unlimited access to Reuters.com Register July 21 (Reuters) – Pub operator Mitchells & Butlers (MAB.L) said on Thursday that surging costs have pressured its margins, while extremely hot weather in the country had … Read more

UK train drivers at 8 rail companies to strike on July 30, union says

Branding promoting the LNER (London North Eastern Railway) rail operator is seen at Kings Cross Station in London, Britain June 24, 2018. REUTERS / Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, July 14 (Reuters) – Train drivers at eight British rail companies will strike on July 30 over a pay … Read more

Macau shuts casinos and other businesses to contain COVID outbreak

People queue for COVID-19 testing in Macau, China, June 20, 2022. REUTERS/John Mak/ Register now for FREE unlimited access to Reuters.com Register HONG KONG, July 9 (Reuters) – Macau will shut almost all commercial and industrial businesses including its casinos for one week from Monday, as authorities race to curb a surge of COVID -19 … Read more