All Costa articles – Page 33
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NewsHarrison: no plans to raise Costa prices
Whitbread has “no plans” to raise its prices to consumers at Costa despite recent increases in coffee bean prices
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NewsCosta appoints new strategy director
Costa Coffee has appointed Murray McGowan, former chief financial officer at KFC UK, as its new international finance and strategy director
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NewsWhitbread Q1 lfls grow 6.9%
Whitbread, the leisure group, has reported a 6.9% rise in like-for-like sales in the 13 weeks to 29 May, led by Premier Inn (+9.5%) and Hotels and Restaurants (+7.6%), while Costa and the Restaurants divisions were up by 4.5% and 4.4% respectively
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Analysis & InsightBurger leads F&B performance
Burger, coffee shops and Italian/pizza were the menu categories that registered the greatest sales among the 100 largest UK chains in 2013, according to data released by Technomic
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NewsChilango’s Burrito Bond attracts key industry players
Chilango, the Mexican fast-food concept, has already raised more than £207,000 of its £1m fundraising target after the first day its mini bond, or Burrito Bond, has been available on CrowdCube
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Weekend Press
Weekend press round-up, 7-8 June
Companies and results Kaye out for bigger pizza the action Catering to the taste buds of middle England is in the blood of Jonathan Kaye, who as chief executive of Prezzo is preparing for the opening in York of the Italian chain’s 200th restaurant. Diners at its eateries nationwide will ...
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NewsRollo: Slowdown at Costa expected in Q1
A leading analyst has said that expects Whitbread to report solid Q1 LfL sales growth of 5.5% driven by strong trading in Hotels and Restaurants but a slowdown at Costa
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NewsOperators outline Responsibility Deal progress
Operators from the eating and drinking out sector have taken further steps to adhere to targets under the Public Health Responsibility Deal with the Government through means such as reducing salt and calorie content of foods and avoiding underage alcohol sales
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Analysis & InsightUK brands outperform US counterparts
The UK’s top 100 pub, restaurant and foodservice brands out-performed their US equivalents in sales growth and unit number growth in 2013, according to new research from US consultancy firm Technomic
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NewsStarbucks to grow presence in Latin America
Starbucks has announced it is to continue to broaden its presence in Latin America, after signing deals to open its first sites in Colombia, Bolivia and Panama
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News
Compass wins five-year Homebase deal
Global catering company Compass Group’s Instore division has secured a multi-million pound deal with DIY retailer Homebase to open 30 coffee shops across its chain of stores over the next five years
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News
Stonegate opens 'Slug of the future'
Stonegate is to open what it calls the “Slug of the future” with the conversion of a former Living Room at Oxford Castle
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Analysis & Insight
Channelling the right branded offer
Stephen Evans, development director at Gourmet Burger Kitchen (GBK), looks at how mundane and anti-brand some of the emerging areas in London have become and says if we are not careful, gentrification will mean a “second tier of homogenisation filled with artisan coffee shops and brunch joints and very little else”
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News
Costa expands gluten-free range
Costa Coffee is launching its first savory gluten-free option in stores nationwide following customer feedback
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NewsWhitbread: food quality, promos, revamps, analysts
M&C Report takes a closer look at the full-year results to 27 February for Whitbread, reports from a presentation to analysts and speaks to finance director Nicholas Cadbury
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NewsWhitbread FY lfls up 4.2%
Whitbread has reported a 4.2% rise in like-for-like sales in the year to 27 February, with growth accelerating in the second half
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NewsApollo acquires Tragus, Derkach to step down as CEO
John Derkach is to step down as chief executive of Tragus after Apollo Global Management, which already held the majority of the group’s debt, acquired the business from Blackstone. Steve Richards has been appointed as the c300-strong group’s new chief executive
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NewsAnalyst corner
Three leading analysts look ahead to Whitbread’s full-year results on Tuesday 29 April. Tim Barrett at Nomura has issued a Buy recommendation, while JP Morgan Cazenoze has an Overweight rating for Whitbread, and Geof Collyer at Deutsche Bank issued a Hold rating
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News
‘Largest’ Costa Coffee to open on M6
Costa Coffee is opening its largest outlet, by volume of sales, at Roadchef’s Norton Canes service station on the M6 that anticipates weekly sales in excess of £100k
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News
Salt reduction pledge attracts 50 dining out operators
Around 50 pub and restaurant operators have now signed up to the Department of Health’s pledge to reduce salt in the food they serve to help diners achieve a reduction of 1g per person per day compared to the amount eaten in 2007