Orchard Street snaps up £55m building in Soho’s filmland December 3, 2018 Property investment firm Orchard Street has snapped up a £55m Soho building home to a British film production company. The office space in the property at 141 Wardour Street is fully let to Moving Picture Company, while retail space on the ground and basement floors is home to Princi, an Italian restaurant and bakery part-owned [...]
Caffeine boost: Starbucks shares buzz as turnaround plan beats sales estimates November 1, 2018 Coffee behemoth Starbucks’ share price has risen more than eight per cent in after-hours trading, after the company performed better than expected in its fourth quarter. Strong growth in the US and China helped to boost sales, taking global net revenue to $6.3bn (£4.8bn). The company has battled with increased competition in recent months, laying off [...]
Whitbread shareholders vote Coca-Cola’s £4bn Costa merger through October 11, 2018 Whitbread shareholders have agreed to the sale of Costa to Coca-Cola for a whopping £4bn, with the company’s share price inching higher following the announcement. At a crunch meeting yesterday, investors voted almost unanimously in favour of the deal that will see Britain’s largest coffee chain change hands. Read more: Costa sold to Coca-Cola: Here's [...]
Starbucks’ European arm paid just 2.8 per cent tax in the UK September 19, 2018 Starbucks' European business paid 2.8 per cent tax in the UK on profits of $213m (£162m) in the year ending October 2017. The coffee chain's Europe, Middle East and Africa (EMEA) division, based in London, paid $5.9m in UK corporation tax, its accounts reveal. Its profits were boosted by a dividend payment of $150m, which [...]
Black Monday 2015: Starbucks CEO Howard Schultz tells baristas to be sensitive to customers worried about the stock market August 25, 2015 Could a cup of joe cure your stock market woes? Starbucks CEO Howard Schultz seems to think so. In a message to the coffee chain’s 190,000 employees yesterday, Schultz asked baristas to be sensitive to customers who might be worried about their portfolios. “Today’s financial market volatility, combined with great political uncertainty both at home and abroad, [...]
Flat white makes starbucks profits frothy July 23, 2015 STARBUCKS yesterday reported higher quarterly profit, as new drinks such as the flat white helped to heat up sales in the Americas. The world’s biggest coffee chain’s net earnings jumped 22 per cent to $626.7m (£404m) and revenue rose 18 per cent to $4.88bn.
Starbucks share price up as coffee sales jump 13pc July 23, 2015 The figures Starbucks posted buoyant quarterly results, showing revenues jumping by 13 per cent to $4.9bn, far beyond analysts’ expectations. Profits were also up, with earnings per share reaching $0.41 against $0.34 in the same period last year. The coffee company’s share price has risen 38 per cent over the year, and it hit an [...]
Starbucks share price jumps as sales beat expectations April 23, 2015 The figures Starbucks announced profit of $495m in its fiscal second quarter, a 16 per cent rise bringing earnings per share up to $0.33 compared to $0.28 per share a year earlier. The results triggered a share price of 4.4 per cent in after-hours trading in the US as the company's revenue and profit report [...]
Starbucks is launching a delivery service with trials in Seattle and New York City March 18, 2015 Coffee lovers rejoice. Soon you’ll be able to satisfy that pumpkin spice latte craving without ever having to leave the office. Starbucks has revealed details of an eagerly awaited new delivery service which it will begin testing before summer. Seattle, the home of the international coffee chain, and New York City will be the first [...]
Starbucks bean count rises as it wakes up and smells UK tax bill February 4, 2015 Starbucks’ frappucinos, muffins, and bucket-sized mugs of coffee helped the Seattle-based chain deliver a profit in the UK for the first time in 17 years. Starbucks has come under intense criticism for paying minimal corporation tax in the UK and has been accused of using cross-border accounting practices to lower its UK tax bill – [...]