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Starbucks’ focus on cold drinks such as nitro cold coffee and caffeinated fruity beverages in the quarter to lure customers during slow afternoon hours helped it post the best growth in its drinks business for the year, the company executives said on a call. Sales at established U.S. cafes in the fourth quarter grew 4 percent, well above analysts’ expectations, while the amount spent by customers on average rose 5 percent, helping the company post its best U.S. sales growth in five quarters.

“As we enter fiscal 2019, we are executing against a clear growth agenda, with a focus on our long-term growth markets pittsburgh steelers 3-piece cushion gift set cufflinks of the U.S, and China,” Chief Executive Officer Kevin Johnson said, Same-store sales in China also rose 2 percent, reversing a decline from the third quarter and driving a 3 percent rise in global comparable store sales, The coffee chain’s business in China, its fastest-growing market in recent years, slowed significantly last quarter amid fierce competition and stricter regulations on delivery services..

Since then the company has partnered with Alibaba Group Holding Ltd (BABA.N) to deliver its coffee in Chinese cities, a deal that a company executive said will be “rocket fuel” for Starbucks’ business in the country. “While we still have work to do, these results provide encouraging evidence that our plan is working,” Johnson said on the call. Total net revenue rose to $6.30 billion, beating expectations of $6.27 billion, according to IBES data by Refinitiv. Excluding items, the company earned 62 cents per share also beating expectations of 60 cents, while its adjusted profit forecast for fiscal 2019 was in line with expectations.

(Reuters) - Barclays Plc (BARC.L) said on Thursday that Nigel Higgins, the deputy chairman of Rothschild & Co (ROTH.PA), would succeed John McFarlane as chairman on May 2 next year when he retires after serving his four-year term, Higgins will join the Barclays Board as a Non-Executive Director on March 1, 2019 and take over as chairman in May after the AGM, the bank said in a statement, “In Nigel Higgins we have found pittsburgh steelers 3-piece cushion gift set cufflinks an ideal candidate, He is a hugely respected banker, a strategic thinker, someone with extensive international experience, and he has a strong positive leadership style,” said Crawford Gillies, who led the process to appoint a successor to McFarlane..

Barclays, one of Britain’s biggest banks, has been subject to radical transformation in recent years and has faced uncertainty over its leadership, mainly due to regulatory scrutiny of chief executive Jes Staley’s treatment of a whistleblower. Since taking over as CEO in December 2015, Staley has pushed an investment banking-led strategy that has drawn criticism from some shareholders and been the target of a campaign by activist investor Edward Bramson. Bramson’s Sherborne Investors (SIGC.L) holds a 5.4 percent stake in the bank and was in talks with Barclays earlier this year about replacing McFarlane as part of an overhaul.

Sherborne told 2018’s AGM in pittsburgh steelers 3-piece cushion gift set cufflinks May “you are not getting rid of me yet.” When he retires next year he will have served his full four-year term, “Succeeding John McFarlane, who has done such a sterling job during a period of great change at Barclays, is a huge honor., I am totally committed to helping Barclays and its people continue to develop and progress,” Higgins said, Barclays said in its statement Higgins has extensive experience of banking and financial services, gained through a 36-year career at Rothschild..

It added he had a strong track record as a strategic adviser to multiple major corporations and governments, a wealth of experience in building teams and culture on an international scale, and in growing businesses. Sherborne is a specialist “turnaround” fund that wants Barclays to improve its financial strength and competitive position. The bank last week reported third quarter profit before tax of 1.6 billion pounds ($2.07 billion), excluding litigation and conduct costs, above the 1.33 billion pounds expected by analysts polled by the bank.

(Reuters) - Canada’s auto sales slid for the seventh straight month in October as demand for new cars waned with rising interest rates, Total auto sales were 161,125 units, down 1.9 percent from a year earlier, pittsburgh steelers 3-piece cushion gift set cufflinks “Consumer ., confidence does not seem to have extended to big ticket items like vehicles that are more sensitive to interest rate increases,” said David Adams, president of Global Automakers of Canada (GAC), an industry body, The Bank of Canada raised interest rates for the fifth time in 15 months in October, while reiterating that more rate hikes will follow as it looks to meet its inflation target..

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