Shares of McDonald’s fell as much as 1.6% in premarket trading on the downgrade, a two-notch cut from Redburn’s previous buy rating.
An E. coli outbreak linked to McDonald's Quarter Pounder hamburgers has resulted in one death and 49 illnesses across 10 U.S. states, with Colorado reporting the most cases. The outbreak involves the dangerous E. coli O157 strain, which caused a deadly 1993 incident at Jack in the Box. Investigators are focusing on fresh onions and beef patties as potential sources. McDonald's has removed these ingredients from affected stores and temporarily suspended Quarter Pounders in impacted areas. The outbreak has caused a 6% drop in McDonald's shares and may pressure U.S. cattle futures due to reduced beef demand.
Westlife Foodworld shares soared, driven by a surge in trading volume, as the company grapples with a challenging operating environment.
Through its national network of 1,560 restaurants, McDonald’s will enable Ligue 1 to get even closer to its fans across the country.
Some McDonald's restaurants were operating normally again after the outage, with people ordering and getting their food at locations in Bangkok, Milan and London.
McDonald's said the war had "meaningfully impacted" performance in some overseas markets in the fourth quarter.
A post on one of the Brrgrr Co's social media pages announced that it had raised funds from Bakshi. According to the company's website, Brrgrr Co sells hand-crafted buns, patties, and sauces, co-founded by Delhi-based chef Akriti Malhotra in 2020.
“I said, we’re going to name her Little Nugget. That’s her nickname: McDonald’s Little Nugget,” restaurant manager Tunisia Woodward said.
According to journalist Fred Cunningham, the amount of french fries an average American consumes in a year stands at about 13 kg.
The McDonald's outlet will be allowed to reopen after they pay the fine and clear customary inspections by the Ahmedabad civic body.
The service approved a deal in which the fast-food company sold the restaurants to one of its local licensees - Alexander Govor, who will rebrand them, ending more than three decades of the "Golden Arches" in the country.
For McDonald's gesture to really count, the large auto and tobacco companies have to follow suit
The billionaire activist investor, who stated that he holds 200 shares in the company, nominated Leslie Samuelrich and Maisie Ganzler to stand for election at the 2022 annual meeting, the company said in a statement, adding that it would evaluate the nominees as it would any other board candidates.
The new additions would be available at McCafe outlets operated by the West and South franchise of McDonald's – Hardcastle Restaurants.
McDonald’s Corp. said the sandwich was part of a series of “members only” promotions to be released on Mondays in China.
The lawsuit, filed on Friday in federal court in Chicago, says the company fostered a climate of “severe or pervasive sexual harassment and a hostile work environment, including groping, physical assaults, and sexually-charged verbal comments.”
The move comes after the government's notification, categorising food delivery as one of the essential services during the lockdown period.
Customers in North and East India will now be able to order McDonald's food items on Zomato, and get it delivered to their doorsteps. The service will be available through more than 125 McDonald's restaurants in the region, the company said in a statement.
The filing said CITIC plans to raise at least 2.17 billion yuan ($312 million) through the sale.
The board found that Easterbrook, 52, who had led McDonald's since 2015, had "demonstrated poor judgement" involving the relationship, McDonald's said in a news release. Easterbrook relinquished his seat on the company's board as well.
A two-member NCLAT bench headed by Chairperson Justice SJ Mukhopadhaya also asked Bakshi not to leave the country without its permission
CPRL, which is now wholly owned by McDonald's, after its estranged partner Vikram Bakshi transferred his share in the JV to the US-based firm, had temporarily shut down its 160 stores.
Mayra Berenice Gallo, 24, apparently went into a rage on October 27 after ordering food through the drive-through at the fast food outlet in the town of Santa Ana.
"Luxembourg did not break EU state aid rules," EU Competition Commissioner Margrethe Vestager said in a statement.
The burger chain and other fast-food companies have been facing increasing pressure from customers and environmental activists to stop using plastic straws because they can end up in the ocean and harm sea turtles, birds and other marine life