DIRS.INFO The most relevant business & tech news

☆ Stocks making the biggest moves midday: Autodesk, Broadcom, AMC Networks, Virgin Galactic and more
▼ + stars: | 2024-06-17 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines in midday trading: Virgin Galactic — The struggling space company slid 15% as the stock's 1-for-20 reverse stock split took effect. The company also announced that Brenda Morris, who served as interim CEO, will remain on its board of directors. Autodesk — Shares gained more than 6% following activist fund Starboard Value taking a $500 million stake in the software company. The company beat earnings and revenue estimates for the second fiscal quarter last week, and it announced a 10-for-1 stock split. Chipotle — The restaurant chain's stock rose nearly 3% ahead of the company's 50-for-1 stock split , which is how it will begin trading at the market open on June 26.

Persons: Mark King, Brenda Morris, BTIG, Goldman Sachs, Corning, Fox, Chipotle, —, Alex Harring, Yun Li Organizations: Virgin Galactic, AMC Networks, Autodesk —, Broadcom, Shattuck Labs, Louisiana - Pacific, TDK, Apple, UBS, Fox Advisors Locations: Louisiana

☆ McDonald's says its chicken options are now just as popular as beef
▼ + stars: | 2024-02-06 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

McDonald's makes as much money from chicken products as from beef burgers, its CEO said Monday. McDonald's told investors in December that it planned to offer the McCrispy in almost all its markets globally by the end of 2025. We've also added smoked chicken wings, and that was a direct response to Gen Z." Taco Bell's former CEO Mark King told Bloomberg that its Gen Z customers were increasingly opting for chicken over beef. Wendy's told BI that its Spicy Chicken Nuggets were especially popular among Gen Zers.

Persons: McDonald's, Chris Kempczinski, —, Ian Borden, Kempczinski, McSpicy, Chick, Laura Dickey, we've, hasn't, We've, Gen, Taco, Mark King, Wendy's, Zers Organizations: Service, KFC, Gen, Bloomberg, Morning Locations: Singapore

The church service came exactly a week after Frederik, 55, was proclaimed king after his 83-year-old mother Margrethe signed her abdication during a meeting with the government. “I chose some of the hymns we’re going to sing, and the king said, I would like to sing these hymns.”The hour-long service marked Frederik’s first official visit as king outside the Danish capital Copenhagen. “I think he’s going to be a king of the people,” said Aarhus resident Charlotte Houman. “I think he’s gonna embrace the people ... he’s going to be different in is his way of ruling. I think he’s going to be not too much top down, but he’s gonna be embracing the people, different kinds of people.

Persons: —, King Frederik X, Queen Mary, Queen Margrethe, Denmark’s, Frederik, Margrethe, Christina Elmstroem, ”, Henrik Wigh, Poulsen, “, Charlotte Houman Organizations: Aarhus Cathedral, Aarhus, Associated Press, Police, Charlotte Locations: AARHUS, Denmark, Aarhus, Danish, Copenhagen

☆ I compared breakfast at Taco Bell and McDonald's. The Golden Arches should be worried.
▼ + stars: | 2023-11-07 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Taco Bell is stepping up its breakfast game to compete with McDonald's. But lately, fast-food chains such as Wendy's and Taco Bell have demonstrated that they want to steal breakfast customers from McDonald's. So I decided to put the breakfast menus of McDonald's and Taco Bell to the test. McDonald's and Taco Bell have more than a dozen breakfast items on their menus. Taco Bell leans into burritos and breakfast wraps, while the McDonald's menu is heavy on breakfast sandwiches.

Persons: Taco Bell, —, McDonald's, Wendy's, Mark King, King, I'm, Keith Organizations: Taco Bell's, Service, Egg, Taco Locations: McDonald's

☆ Taco Bell throws shade at McDonald's with debut of 'premium' nuggets. 'This is real chicken.'
▼ + stars: | 2023-10-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +4 min

Taco Bell is testing Crispy Chicken Nuggets made with all white meat. Chain reps threw shade at rivals like McDonald's when describing the quality of the Taco Bell nuggets. Taco Bell is also going after McDonald's at breakfast with the nationwide debut of breakfast tacos. According to McDonald's website, "McDonald's Chicken McNuggets are made from 100% chicken breast meat. Taco Bell rolling out Toasted Breakfast Tacos nationwideTaco Bell says its new toasted breakfast tacos are part of a plan to step up the chain's breakfast game.

Persons: Taco, Bell, —, Jessica Perri, Chef Brett Pluskalowski, didn't, Taco Bell, Nancy Luna, that's, Pluskalowski, Honey, Perri, There's, Jessica Wilson, Wilson, Taco Bell Taco Bell, Mark King, King Organizations: Taco Bell, Bell, Service, Taco, Minneapolis . Locations: Irvine , California, Minneapolis

☆ British retail sales beat expectations in June
▼ + stars: | 2023-07-21 | by ( David Milliken | ) www.reuters.com time to read: +2 min

LONDON, July 21 (Reuters) - British retail sales rose more than expected in June, boosted by unusually hot weather and a rebound in food sales after a dip the month before when public holidays disrupted normal spending patterns, official figures showed on Friday. Retail sales volumes in June were 0.7% higher than in May, the Office for National Statistics said, a bigger increase than the 0.2% forecast by economists in a Reuters poll. Sales volumes were 1.0% lower than a year earlier, beating economists' forecasts for a 1.5% decline. "Retail sales grew strongly, with food sales bouncing back from the effects of the extra bank holiday, partly helped by good weather, and department stores and furniture shops also having a strong month," ONS chief economist Grant Fitzner said. The ONS data showed a 7.8% annual rise in the value of retail sales excluding fuel.

Persons: Grant Fitzner, King Charles ', Sterling, David Milliken, Kate Holton, Andrew Heavens Organizations: National Statistics, U.S, Industry, British Retail Consortium, Thomson

Economic output fell 0.1% in May from April, the Office for National Statistics (ONS) said, after growth of 0.2% in the previous month. All sectors of the economy contracted with the exception of services, which showed no growth. Finance minister Jeremy Hunt said high inflation continued to hamper the economy and he called for patience in bringing it down. Some companies in the arts, entertainment and recreation sector said they had benefited from the extra bank holiday, as well as hotels and restaurants, the ONS said. Britain's economy often shows some rebound in subsequent months when output is temporarily dented by extra bank holidays.

Persons: Maja Smiejkowska, King Charles, Paul Dales, Dales, BoE, Jeremy Hunt, Andy Bruce, William Schomberg, Kate Holton, Peter Graff, Toby Chopra Organizations: Charing Cross, REUTERS, National Statistics, Bank of England, Capital Economics, Reuters, ONS, European Union, Thomson Locations: London, Britain, Germany

☆ Gen Z is forcing fast-food restaurants to change their menus. They're now offering more spicy food and chicken to lure in younger diners.
▼ + stars: | 2023-05-16 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Gen Z diners crave spicy food and chicken more than other generations. Restaurant execs say that younger diners crave spicy food and chicken. "Spice levels generally heat up with younger generations," Fabiola Del Rio, VP of integrated marketing communications at Panda Express, told Insider. And where they can, Gen Zers like to get their chicken spicy, too. Or a restaurant exec who's noticed interesting dining patterns among your Gen Z customers?

☆ Street parties and a concert held to mark King Charles' coronation
▼ + stars: | 2023-05-06 | by ( Michael Holden | ) www.reuters.com time to read: +2 min

LONDON, May 7 (Reuters) - King Charles will attend a music concert featuring the likes of singers Lionel Richie, Katy Perry and Andrea Bocelli at Windsor Castle on Sunday after street parties are held across Britain as part of celebrations to mark his coronation. The royals have not been seen since an appearance on the balcony of Buckingham Palace following the coronation, but senior members will be out in force in Sunday. The king's younger brother Prince Edward, his sister Princess Anne and Princess Beatrice and Princess Eugenie, the daughter of Charles' other brother Prince Andrew, will attend 'Big Lunch' events, joining some of the estimated 50,000 thousand street parties being held around the country. Prime Minister Rishi Sunak will also be among those hosting a coronation lunch with the guests including Ukrainian families and youth groups. "Come rain or shine, thousands of friends and neighbours are coming together this weekend to put up the bunting, pour the tea and cut the cake at street parties and community events across the UK," he said in a statement.

☆ From caviar to cardboard cutouts, businesses hope for coronation boost
▼ + stars: | 2023-05-01 | by ( Marie-Louise Gumuchian | ) www.reuters.com time to read: +3 min

[1/5] A view of souvenirs designed for the Coronation of Britain's King Charles in Windsor, Britain, April 29, 2023. Mugs, plates, tea towels, magnets, cushions and teddy bears are staple memorabilia for royal occasions and an array of these to mark King Charles' coronation on May 6 are already filling shop windows. Others are selling coronation varieties of the games pass the parcel, bingo and charades. John Lewis Partnership, the owner of the eponymous department stores and supermarket chain Waitrose, said last week searches for coronation products on its website had risen more than 262% on the previous week. “Our royal family selection of cardboard cut-outs have always been a favourite of our customers, with King Charles proving himself to be a top seller," an Argos spokesperson said.

☆ Vast military procession to mark King Charles' coronation
▼ + stars: | 2023-04-15 | by ( ) www.reuters.com time to read: +1 min

LONDON, April 16 (Reuters) - Around 5,000 members of the British armed forces will participate in the coronation of King Charles next month, joined by soldiers from more than 30 Commonwealth countries to form one of the largest ceremonial military operations in decades. Charles will be crowned at London's Westminster Abbey on May 6 in a ceremony resplendent with pomp and pageantry, with traditions dating back 1,000 years. Gun salutes will sound out across the country to mark the moment the king is crowned, before military personnel later conduct a flypast of more than 60 aircraft. Buckingham Palace said Charles had also been involved in the commissioning process and details of the music programme, with film composer Patrick Doyle writing a coronation march and Andrew Lloyd Webber a coronation anthem. Reporting by Kate Holton; Editing by David HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Dunkin' rolls out breakfast tacos as competition heats up for fast food morning grub
▼ + stars: | 2023-03-22 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Dunkin' added breakfast tacos to its menu on March 22. The move comes as McDonald's expanded its test of serving Krispy Kreme doughnuts in Kentucky. Today, Dunkin' launched breakfast tacos for under $3 each. At a December investor day conference, Taco Bell CEO Mark King announced plans to compete with McDonald's at breakfast and lunch. Wendy's, which introduced a new breakfast menu three years ago, told Nation's Restaurant News this month that breakfast sales have surpassed sales targets of $3,000 per week per restaurant.

☆ Taco Bell may add fries to its menu permanently to compete with McDonald’s
▼ + stars: | 2022-12-14 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

To compete with rivals such as McDonald’s during lunchtime, the chain is considering permanently adding fries to its menu, Taco Bell CEO Mark King said during an investor event Tuesday. Taco Bell has put nacho fries, its take on French fries, on the menu periodically as a limited-time offering since the item launched in 2018. Taco Bell is considering adding fries to the menu permanently. Craig Barritt/Getty Images for Taco BellBut by keeping fries on the menu year-round, Taco Bell could potentially steal some of its rivals’ customers. In the past, Taco Bell has tested nacho fries topped with steak and ranch sauce, and is currently offering seven-layer nacho fries loaded with beef, black beans, guacamole and more.

☆ Taco Bell's latest plan to take on McDonald's includes keeping fries on the menu forever and committing to breakfast
▼ + stars: | 2022-12-13 | by ( Nancy Luna | ) www.businessinsider.com time to read: +2 min

Yum Brands, the parent of Taco Bell, KFC, and Pizza Hut, hosted an investor day conference Tuesday. Taco Bell CEO Mark King spoke about competing with McDonald's at breakfast and lunch. His playbook: make fries a forever menu item, and "commit" to breakfast. During the pandemic, Taco Bell lost momentum at breakfast when it temporarily paused the morning meal offering as offices shut down. Six years later, the Southern California-based chain, known for its Millennials and Gen Z appeal, added Nacho Fries to its menu.

☆ Adidas considered its relationship with Kanye West a risk as early as 2018, new reports show. Here's the nine-year timeline of Adidas and Yeezy's turbulent partnership.
▼ + stars: | 2022-11-29 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +5 min

Adidas announced an endorsement deal with Kanye West in November 2013. By 2019, Adidas sales of his Yeezy brand eclipsed $1 billion annually. Across the company, sales were flat. But that same month, Adidas announced a partnership with Kanye West, the polarizing musician and fashion designer, now known as Ye. Despite the turbulence, Adidas Yeezy sales continued to grow.

☆ Kanye West's Turbulent 9-Year History With Adidas
▼ + stars: | 2022-11-09 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +4 min

Adidas announced an endorsement deal with Kanye West in November 2013. By 2019, Adidas sales of his Yeezy brand eclipsed $1 billion annually. In November 2013, Adidas sales in North America, the most critical territory for sportswear sales, were down 1% for the year. But that same month, Adidas announced a partnership with Kanye West, the polarizing musician and fashion designer, now known as Ye. Despite the turbulence, Adidas Yeezy sales continued to grow.

Search resuls for: "Mark King"

16 mentions found