Starbucks: UK’s largest franchise more than doubles profit ahead of takeover Retail Sales jumped towards £100m and profit more than doubled at the UK’s largest Starbucks franchise in the year before the US coffee chain took it over, it has been revealed. 23.5 Degrees has reported a turnover of £93m for the 12 months to 31 August, 2024, up from the £83.5m it achieved in the prior [...]
Buy something, or get out: How coffee shops are clamping down on WFH loiterers Opinion As RTO mandates rise, there’s another factor which may start driving digital nomads back to the office: coffee shops are throwing them out.
The Capitalist: Paddington Bear’s politics, buildings with phallic names and RIP the pumpkin spice latte News Corporate echo chambers, controversial buildings with phallic names, Paddington Bear’s true political persuasions and the end of the pumpkin spice latte? Catch up on the latest City gossip in this week’s edition of The Capitalist WORKING SMARTER NOT HARDER We’ve all been there; you’ve got work to do but two hours of your diary are booked [...]
WPP: New deals with Amazon and Unilever drive growth October 23, 2024 Like-for-like revenue at advertising giant WPP ticked up 4.1 per cent in the quarter to 30 September, despite a decline in business outside of the US and Europe. However, net new billings declined year-to-date. The figure came in at $3.2bn (£2.5bn) compared to $3.4bn (£2.6bn) in 2023. However, other regions struggled. Revenue in the UK [...]
Just leave me to my basic b***h pumpkin spice latte, ok? September 30, 2024 We are well into Starbucks pumpkin spice latte season and I for one will be openly celebrating this seasonal joy, says Lauren Potts Nothing seems to irk certain corners of the internet more than the humble pumpkin spice latte (PSL). The sneering usually comes from a certain type of person – mostly coffee snobs and boomers [...]
Sometimes, the right CEO is worth a private jet September 2, 2024 Starbucks CEO Brian Niccol has attracted controversy for commuting by private jet, but in an increasingly complicated global business environment it can take sky-high perks to attract the right talent, says Katie Sharpe Finding the perfect CEO in the corporate world is a mission that requires as much creativity as it does mere financial resources. [...]
The Notebook: Falling fares spell trouble for airlines while Big Tech set for monster quarter July 24, 2024 Where the City’s movers and shakers get a few things off their chest. Today, it’s Victoria Scholar, head of investment at Interactive Investor, with the pen, talking airline stocks, Big Tech earnings season and her summer listening picks Turbulence at Ryanair, BA and Easyjet Airline stocks are having a turbulent time. Just on Monday, shares [...]
Starbucks: Britain’s second-largest coffee chain plots 100 new UK stores March 26, 2024 Starbucks UK has outlined plans to open 100 new stores as it delivered strong trading in the face of a weak consumer market.
The worrying rise of the Starbucks drive-thru March 26, 2024 Car-based consumers are hollowing out our high streets and straining our social fabric, says Adam Hawksbee Starbucks opened the UK’s first drive-thru coffee shop in Cardiff in 2008. Today, there are over 800 in towns and cities across the country – almost one in ten premises operated by a major coffee chain. Even the upmarket [...]
Starbucks cheers ‘good progress’ in plan for 100 new UK shops September 7, 2023 Coffee giant Starbucks has hailed “good progress” in its expansion plans to open 100 new stores in the UK over the current year. The chain said it has also “maintained strong, double-digit growth” in the UK in recent months despite pressure on consumer spending due to the rising cost of living. On Thursday, the retail [...]