Halister News

(Bloomberg) -- Canadian retail sales seen increasing 0.3% in Aug. after falling 0.1% in July (forecast range -0.5% to +1%); based on the value of goods sold.

• Canada’s consumer price index seen rising 1.4% y/y in Aug. after increasing 1.1% in July (forecast range to +1.4% to +1.6%)

(Bloomberg) -- Global comparable sales rose 3.5%, analysts projected 1.5% increase on average, according to Consensus Metrix. Domestically, comparable sales gained 1.3% versus the estimated 1.2% increase, with co. citing continued contributions from All Day Breakfast and McPick 2 despite softening industry growth.

• 3Q EPS $1.50
• 3Q rev. $6.42b, est. $6.28b
• 3Q comparable sales +3.5%, est. +1.5% (Consensus Metrix, average of 27)
  • 3Q U.S. comp sales +1.30%, est. +1.20%
  • 3Q International lead market comp. sales +3.3%, est. +1.8%
  • 3Q Foundational and Corp. comp. sales +10.1%, est. +2.40%
• MCDONALD’S 3Q HIGH-GROWTH MARKET COMP SALES +1.50%, EST. +0.50%

Statement NOTE:

• 16 buys, 19 holds, 2 sells before today
• Call 11am (NY time), 844-353-1873 pw McDonalds

(Bloomberg) -- Tariq Carrimjee, an investment adviser at Somerset Asset Management LLP involved in a high-profile case against a Dubai-based investor, was banned from holding certain roles in the finance industry.

• A London court upheld the Financial Conduct Authority’s decision to ban Carrimjee from holding any positions involving compliance oversight or reporting money laundering, according to a statement released Friday
• Carrimjee was an adviser to Rameshkumar Goenka, who was fined $9.6 million in 2011 for manipulating securities prices on the London Stock Exchange -- the largest-ever penalty imposed on an individual by the regulator at that time
• Carrimjee was also fined 89,004 pounds ($109,000) over the case
• Carrimjee has been fighting the FCA’s actions since the regulator issued its penalty notice in 2013