Prezzo has reported its Interim results (unaudited) for the 26 weeks ended 29 June 2014, showing a strong start to the year with revenues up 16% to £92.4m (2013 - £79.7m) and adjusted pre-tax profit up 16% to £9.8m (2013 - £8.5m). Highlights Revenue up 16% to £92.4 million (2013 - £79.7 million) Adjusted EBITD A was up 17% to £14.6 million (2013 - £12.6 … [Read more...]
Bewley’s Coffees and Teas triumph at Great Taste Awards
Dublin based coffee company Bewley’s was awarded a total of 13 accolades at the Great Taste Awards 2014, announced by the Guild of Fine Foods in London last week. Bewley’s also scooped 3 awards, including the prestigious 3 star gold for private label coffees that are roasted in their Yorkshire roastery. Bewley’s Irish Breakfast Tea, Dublin Morning Tea, Irish Afternoon Tea, … [Read more...]
Abokado reinforces coffee standards
Following on from the recent appointment of Head of Talent, Abokado continues to bolster its management team to support their roll out with the creation of a Head of Coffee. Ben Crosland, previously of Benugo, has been recruited into this position and has taken overall responsibility for coffee standards through the 22 store group. Mark Lilley, director, said, “We've made … [Read more...]
Strong sales growth at Whitbread – up 12.8%
Strong sales growth at Whitbread - up 12.8% Whitbread PLC, the UK’s largest hotel and restaurant group, has reported strong trading performance to 14 August 2014, leading Numis to comment: “Whitbread's half year pre-close update is very strong and may lead to some upgrades in consensus numbers. Total sales growth in Q2 was 12.7% with LFL sales growth of 6.9% (Premier Inn … [Read more...]
Horsemeat scandal: Elliott Report action and reactions
The Elliott report on food integrity and assurance of food supply networks was commissioned in the wake of the horsemeat scandal and has now been published. Professor Elliott’s recommendations are: giving top priority to the needs of consumers in relation to food safety and food crime prevention, including through targeted testing, intelligence gathering and surveys. a … [Read more...]