Fastfood chain Subway plans to pick up the pace of openings in Europe by adding as many as 1,000 new locations in 2014.

US bank State Street said first-quarter profit fell 6.6% as expenses rose more than twice as fast as revenue.

MCDONALD’S has said first-quarter profit rose 11%, fuelled by US demand for coffee and burgers, and has predicted further increases in food costs this year.