Finance

Starbucks franchisee secures expansion funds

Owner of the UK’s first Starbucks franchise Anil Patil has raised £10m to open 16 new sites.

Costa has pledged to pay more
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Costa increases pay as new national minimum wage introduced

Costa Coffee has followed Starbucks in pledging to pay its staff more.

Sainsbury’s posts moderate sales growth

Sainsbury’s has revealed that total retail sales increased by 0.3% (excluding fuel) for the 16 weeks to 26 September 2015.

Invicta adds business development manager

Bakery, catering and food processing supplier Invicta Bakeware has appointed a new business development manager as part of a planned expansion.

Aldi supermarket sales increase by a third

Discount supermarket Aldi has recorded record sales of £6.89 billion for its last financial year, a 31% increase on the previous (2013) year’s figure of £5.27bn.

Tate & Lyle fined £18m for EU sugar deal

Tate & Lyle has been fined £18m over the 2010 sale of its EU sugars business to American Sugar Refining (ASR). 

Proper Cornish’s portable pies listed by major companies

Proper Cornish’s new, handheld ‘on-the-go’ pies have been listed by wholesaler Bidvest and caterer Compass Group.

Innovate to succeed, says foodservice research company Horizons

Operators must offer food from breakfast to bedtime with everything in between or they will be left behind by their competition, according to foodservice research company Horizons.

Scottish co-operative launches premium doughnut range

Scotland’s largest independent co-operative has announced the launch of a new premium doughnut range.

Starbucks to boost staff pay

Coffee chain Starbucks will raise the average hourly rate it pays its staff to £7.98 per hour and offer a help-to-rent scheme.

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