McDonald’s has eliminated wraps from its menus, abandoning a signature product that was aimed at attracting younger, healthy eaters.

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

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.

Starbucks Corp plans to slash nearly 7,000 more jobs during a new round of store closures and other cuts, the company said as it reported that its profit dropped by more than two thirds in its fiscal first quarter.