The Times says McDonald’s has failed to win over all the sceptics with its apparent transformation. They point out that less than $1 (54p) in every $10 (5.40) spent at the restaurant chain goes towards a salad or sandwich. Detractors also say it sells eight double cheeseburgers for every salad. UBS said value promotions in the UK and Germany seemed to help results, which implied a slowdown in future months. Bank of America also warned there “could be bumps in the road”. McDonald’s shares closed up 5% at $42.11 (£22.69) on Friday following the previous day’s bullish preliminary third-quarter results. Financial Times 14/10/06 page 33 (Markets – Wall Street) The Times 14/10/06 page 69

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