Tim Hortons enters the U.K.

Article Excerpt

RESTAURANT BRANDS INTERNATIONAL $46.03 (New York symbol QSR; TSINetwork Rating: Average) (905-845-6511; www.rbi.com; Shares outstanding: 467.0 million; Market cap: $21.5 billion; Dividend yield: 1.4%) continues to expand its Tim Hortons coffee-and-donut chain outside of North America. Recently, it announced plans to expand into Great Britain. Restaurant Brands will form a new 50/50 joint venture with an unnamed investor in the U.K. to open Tim Hortons stores in England, Scotland and Wales. The company has not yet announced how soon or how many stores it will open. Tim Hortons now has outlets in Canada, the U.S. and the Middle East. As well, in July, it formed a 50/50 joint venture with a group of private investors in the Philippines. Restaurant Brands is a hold. hold…