Zlati Meyer USA TODAY Published 8:18 p.m. UTC Jul 28, 2018 You may prefer ice cubes in your coffee rather than seeing swirls of scalding steam rising from your cup this time of year, but Starbucks remains a hot topic regardless of the season. During the Seattle-based chain's third-quarter earnings call this week, there were numerous nuggets that any observer of the coffee juggernaut would want to know about. Here are the top five: A chill in the air Starbucks is seeing a decline in sales of Frappuccinos, its signature and ever-evolving line-up of cold drinks, but that doesn't mean the chain is saying goodbye to all things iced. Just the opposite. More: MoviePass crashes after running out of money More: Disney gets shareholder OK to acquire Fox movie and TV studios, and stake in Hulu More: Economy grew 4.1 percent in the second quarter, fastest pace in four years Consumer demand for cold beverages has grown from 37% of sales five years ago to more than 50% of sales … [Read more...] about Starbucks’ Frappuccino sales are chilling, but its chilled drink sales overall are hot
Starbucks for sale
A prime retail and office scheme in the centre of Cardiff, whose tenants include Sainsbury's and Poundland, is up for sale. The scheme, that covers 121-139 Queen Street and 40 Windsor Place, extends to just over 54,000 sq ft. The scheme is being marketed by property advisory firm Allsop. Tenants in the office space at 40 Windsor Place include South Wales Electricity and EIP Europe. The first floor office space in the building, once occupied by Barclays Bank, remains empty. Other retail tenants facing onto Queen Street include Starbucks and KFC. The development generates an annual rental income of just over £1.3m. A new bus station for Cardiff could be operational in late 2020 Offers in excess of £18.92m are being sought with the investment expected to attract strong institutional investor interest. … [Read more...] about Prime retail and office scheme in the centre of Cardiff up for sale for £19m.
Teesside's third Starbucks drive-through could be open by July. The coffee shop at Middlesbrough’s busy Cargo Fleet is built and about to be fitted out, the first step towards reviving an old derelict slaughterhouse site into a mini retail development. The scheme, on prime land off the A66 at South Bank Road, will also see Skippers Lane firm MB DIY build a £2m store and national firm MKM Builders’ Merchants move in. Jennings has also taken up land at the development, which is opposite its current dealership, to display more vehicles for sale. John Taylor of Parker Barras, the property agent handling the development, said the investment is breathing new life into the former Hargraves site. He said: “Everything is on track. Things are going well considering it was an unused abattoir site before. “In about two weeks, we’ll hand over to Starbucks for fit-out. “I think it will be open by the end of June or early July.” Teesside’s first … [Read more...] about Teesside’s latest Starbucks drive-thru could be open by July
Fancy making a new investment? How about putting some cash into a cotton mill? Or even your own lake? Property website Rightmove is advertising a whole lot more than just houses - and we've found the strangest things up for sale. Investing in some of these could seem a little bizarre, but if you get your thinking cap on, there's potential to make some serious money. Would you take a risk on any of these? Land you CAN build on Fancy growing your own crops? Or building your own home? A strip of land could be a great investment - and you could get your hands on one. This plot of land on Worsley Road, also in Swinton, is available to buy for £250,000. The land comes complete with approved planning for a unique 4 or 5 bedroom detached property over four floors. Sounds like the dream home, right? This strip of land in Failsworth is also up for grabs for as little as £5,000. The land is 383 square metres, and sits on Oldham Road - three miles from Oldham town centre and five miles … [Read more...] about It’s not just for houses
All eyes are on Whitbread this week as the Premier Inn owner is expected to update investors on the possibility of a Costa spin-off. Pressure has been building on the company to split off the coffee chain as two activist investors build stakes in the firm. Last week Whitbread's shares jumped in an indication that the wider market would support the move. The company will report its annual results on Wednesday, and is expected to address the growing speculation. The City is looking for total sales across the group of £3.3bn, up from £3.1bn last year, and pre-tax profits of £582m. Russ Mould, investment director at AJ Bell, said: "To keep the activists at bay, Whitbread will need to capitalise upon the growth potential of its moves into the German hotel and Chinese coffee markets and deliver on its (still somewhat nebulous) £150m efficiency plan while proving that Costa can cope with a competitive UK coffee market and any near-term slowdown in UK activity will not … [Read more...] about Whitbread on track for sales rise as Costa spin-off rumours loom