McDonald’s, Ford, Rimmel: Everything that matters this morning

McDonald’s speeds up restaurant upgrades as sales growth slows
McDonald’s is speeding up plans to upgrade its restaurants, particularly in the US, after sales growth slowed and fell behind other countries including the UK, Australian and France. The company says it will now spend $2.5bn in capital expenditure this year, mostly in the “very competitive” US market.
Sales at its international business was up 4.2% year on year in the quarter, but in the US were up just 2.4%.