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Peter Hoskins

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Peter Hoskins Life story


Deflation: Why falling prices in China raise concerns

Deflation: Why falling prices in China raise concerns
Aug 9,2023 3:41 am

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WeChat: Why does Elon Musk want X to emulate China's everything-app?

WeChat: Why does Elon Musk want X to emulate China's everything-app?
Jul 29,2023 7:21 pm

...By Peter Hoskins & Fan WangBBC News Earlier this week Elon Musk rebranded Twitter to X - another step in his plan to emulate Chinese mega app WeChat...

Twitter engineering boss quits after DeSantis launch glitches

Twitter engineering boss quits after DeSantis launch glitches
May 26,2023 12:40 am

...By Peter Hoskins and Annabelle LiangBusiness reportersAn engineering chief at Twitter says he is leaving the company the day after the launch of Ron DeSantis US presidential campaign on the platform was hit with technical glitches...

Can Fox News afford the $787. 5m Dominion settlement?

Can Fox News afford the $787. 5m Dominion settlement?
Apr 19,2023 4:20 am

...By Peter Hoskins and Michelle FleuryBBC NewsIn a last-minute deal, Fox News has settled a defamation lawsuit from voting machine firm Dominion over its coverage of the 2020 US election...

Adidas backtracks on Black Lives Matter design opposition

Adidas backtracks on Black Lives Matter design opposition
Mar 29,2023 6:51 am

...By Peter Hoskins and Annabelle LiangBusiness reportersAdidas says it is withdrawing a request to the US Trademark Office to reject a Black Lives Matter (BLM) application for a trademark featuring three parallel stripes...

Silicon Valley Bank share slump rocks financial stocks

Silicon Valley Bank share slump rocks financial stocks
Mar 10,2023 1:20 am

...By James Clayton, Peter Hoskins and Annabelle Liangin San Francisco and SingaporeShares in Silicon Valley Bank (SVB), a key lender to technology start-ups, plummeted on Thursday as investors moved to withdraw their deposits...

Sandwich chain Subway explores sale of business

Sandwich chain Subway explores sale of business
Feb 15,2023 12:41 am

...By Peter Hoskins and Annabelle LiangBBC NewsGlobal sandwich chain Subway says it is exploring a possible sale of the business after almost six decades of family ownership...

Elon Musk: Twitter closes offices until next week

Elon Musk: Twitter closes offices until next week
Nov 17,2022 10:21 pm

...By James Clayton in San Francisco and Peter Hoskins in SingaporeBBC NewsTwitter has told employees that the company s office buildings will be temporarily closed, effective immediately...

Sandwich chain Subway explores sale of business

Nov 17,2022 10:21 pm

By Peter Hoskins and Annabelle LiangBBC News

Global sandwich chain Subway says it is exploring a possible Sale of The Business after almost six decades of family ownership.

The Firm has been growing rapidly for years but is now facing tough soaring costs and increased competition.

A Sale of The Company could value it at More Than $10bn ($8. 2bn), according to the Wall Street Journal, which first reported The Story .

Investment Banking giant JP Morgan is advising Subway on the potential Sale .

That it does not plan to give any further updates on The Process until it is completed and did not give any indication of how long it could take.

Earlier this month, The Company announced its second year in a row of record sales. Subway said same-store sales rose 9. 2% Last Year , compared to 2021.

It added That it would " continue to execute against its multiyear transformation journey" That includes new menu items and modernising its restaurants.

Subway was founded in 1965 as Pete's Super Submarines in Bridgeport, Connecticut, by 17-year-old Fred Deluca and family friend Peter Buck .

It went through several name changes before finally being renamed Subway in 1972.

Within two years they had opened 16 sandwich shops in their home state And Then started to franchise the brand. It now has nearly 37,000 outlets in More Than 100 countries.

Subway restaurants are owned and operated by franchisees, including thousands of entrepreneurs and Small Business owners.

In recent months, companies around The World have faced rising costs of everything from food to fuel.

In July , one of Subway's Fast Food rivals for the First Time in More Than 14 years.

The Company said its UK restaurants would be adding between 10p and 20p to A Number of items.

In an email to customers, The Chief executive of McDonald's UK and Ireland said it was facing " tough choices" about its prices.

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Source of news: bbc.com

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