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Restaurant Brands International Inc. stock price
Restaurant Brands International Inc. latest news:
Bill Ackman's Pershing Square builds up major stake in ADP
Bill Ackman's Pershing Square Capital Management built up its position in Automatic Data Processing Inc. to 8.8 million shares at the end of September from 179,394 three months earlier as part of Ackman's failed proxy battle. Earlier this month, shareholders of ADP sided with the management and rejected the hedge-fund manager's attempt to secure three seats on the board. Pershing, however, trimmed its stake in Restaurant Brands International to 26.5 million shares versus 39.2 million at the end of June and cut its holding in Mondelez International Inc. to 13.93 million versus 14.5 million shares previously. The hedge fund's positions in other companies, including Chipotle Mexican Grill Inc. , were mostly unchanged. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-DUNKIN' DONUTS ANNOUNCES FOUR NEW RESTAURANTS IN EXPANSION PLAN FOR RALEIGH, NC
Dunkin' Donuts: * DUNKIN' DONUTS ANNOUNCES FOUR NEW RESTAURANTS IN EXPANSION PLAN FOR RALEIGH, NORTH CAROLINA WITH EXISTING FRANCHISEE AWALE NETWORKS, INC. * DUNKIN' BRANDS GROUP INC (DNKN) - FIRST RESTAURANT UNDER MULTI-UNIT STORE DEVELOPMENT AGREEMENT IS PLANNED TO OPEN IN 2018 Source text for Eikon: Further company coverage:
BRIEF-Restaurant brands reports Q3 diluted EPS of $0.37
Restaurant Brands International Inc(QSR). * Restaurant Brands International Inc(QSR) reports third quarter 2017 results.
BRIEF-Collins Foods says unit completes acquisition of five KFC restaurants
* Unit completed acquisition of five KFC restaurants
located in south australia from a subsidiary of Yum! Brands Inc
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Further company coverage:
Taco Bell to add 300 urban locations by 2022
Taco Bell, the Yum Brands Inc. Mexican chain, plans to add 300 restaurants in urban areas by 2022. New York is seen as the quick-service brand's largest market opportunity, the company said, with about 50 planned for the city's five boroughs. Five restaurants will be complete by early 2018. Four of them will be Cantina locations, which serve alcohol, and one will be an "Urban In-line" location that does not. In addition to New York, Chicago, Detroit and Boston are among the areas of focus. About 20 of the locations will be in Chicago, with eight Cantinas planned by the end of 2018. Both Cantina and In-line locations have opened nationwide since 2015. Taco Bell plans to grow to about 9,000 global locations in the next five years from more than 7,000 currently, and it plans to create about 100,000 new jobs. Yum Brands shares are up 19.6% for the year so far while the S&P 500 index is up nearly 12% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Corner Office: Daniel S. Schwartz of Restaurant Brands International on the Value of Hard Work
The C.E.O. who runs Burger King, Tim Hortons and Popeyes says he is looking for a specific answer when he asks, “Are you smart or do you work hard?”
Burger King, Popeyes franchisee aims to hire 1,500 workers at national job fair
GPS Hospitality, a franchisee of Burger King and Popeyes Louisiana Kitchen restaurants, said Tuesday that it will host a job fair on September 12 with the goal of hiring 1,500 workers. Burger King and Popeyes are Restaurant Brands International Inc. chains. The job fair will take place at all of GPS' 395 restaurants across 11 states. There are openings for 1,350 crew members and 150 managers. Restaurant Brands International shares are up 17% for the year to date, the PowerShares Dynamic Food & Beverage Portfolio is up 4.7%, and the S&P 500 index is up 9.6% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Restaurant Brands New Zealand Acquires 10 KFC sites in Australia
Restaurant Brands New Zealand Ltd(RTBRF). * Restaurant Brands Acquires 10 KFC(YUM) sites in Australia. * Purchase Represents A Total Investment Of $a27.5 Mln. * Purchase which will be 100% debt funded is expected to settle in stages between september and november 2017. * Following acquisition all yum!
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