McDonald’s experienced a second consecutive decline in sales in the third quarter, with global comparable sales falling 1.5% due to weak consumer demand in international markets. The fast-food chain reported a 3% increase in revenue to $6.9bn, but net profit dropped 3% to $2.26bn. Despite efforts to attract customers with value deals, such as $5 meal deals in the US, sales in international markets like France, the UK, the Middle East, and China continued to decline.
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Britain’s household energy bills to rise from January
Household energy bills in Britain will rise by 1.2% in January, with the price cap set to increase to £1,738 a year. The higher cap reflects the impact of rising wholesale gas prices, despite some cheaper deals returning to the market. The UK government faces criticism for the price cap rise and cutting winter fuel payments, as industry executives and campaigners call for additional support for struggling households. Full Article
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