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McDonald's income jumps 11% in fourth quarter | |
(about 4 hours later) | |
McDonald's is planning further expansion after it reported an 11% rise in net income in the last three months of last year to $1.38bn (£886m;). | |
href="http://www.aboutmcdonalds.com/mcd/investors/financial_highlights.html" >Revenue rose 10% to $6.82bn, slightly above expectations of $6.81bn. | |
In a statement, the company said it planned 1,300 new outlets in the coming year, taking the number worldwide to 33,500. | |
Earlier, McDonald's had said it was planning to create 2,500 jobs in the UK. | |
The fast-food firm said an estimated 30% of the new UK jobs would go to first-time workers under the age of 25. | |
The British deputy Prime Minister, Nick Clegg, described it as "fantastic news". | |
McDonald's said 190 of the new jobs would be in Scotland, but gave no further breakdown of where the rest would be created. | McDonald's said 190 of the new jobs would be in Scotland, but gave no further breakdown of where the rest would be created. |
McDonald's has been in the UK since 1974 and has just over 1,200 restaurants across Britain and the Republic of Ireland. | McDonald's has been in the UK since 1974 and has just over 1,200 restaurants across Britain and the Republic of Ireland. |
The global expansion plan for this year will give it a total workforce of 90,000. |