McDonald's income jumps 11% in fourth quarter

  • 24 January 2012
  • From the section Business
Media captionMcDonald's UK chief executive Jill McDonald said providing ''affordable treats'' for people had helped boost profits

McDonald's is planning further expansion after it reported an 11% rise in net income in the last three months of last year to $1.38bn (£886m;).

Revenue rose 10% to $6.82bn, slightly above expectations of $6.81bn.

In a statement, the company said it planned 1,300 new outlets in the coming year, taking the number worldwide to 33,500.

Earlier, McDonald's had said it was planning to create 2,500 jobs in the UK.

The fast-food firm said an estimated 30% of the new UK jobs would go to first-time workers under the age of 25.

The British deputy Prime Minister, Nick Clegg, described it as "fantastic news".

McDonald's said 190 of the new jobs would be in Scotland, but gave no further breakdown of where the rest would be created.

McDonald's has been in the UK since 1974 and has just over 1,200 restaurants across Britain and the Republic of Ireland.

The global expansion plan for this year will give it a total workforce of 90,000.

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