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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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VIDEO: The end of instant coffee?

Category : World News

The growth of big coffee chains has not only transformed the high street, but also our taste for coffee.

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VIDEO: ‘Suspended coffee’ helps those in need

Category : Business

Your daily visit to a coffee shop could also give you a chance to do a small good deed.

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Starbucks introduces reusable cups

Category : Business

Coffee chain says £1 cups will encourage customers to cut waste and save them money on every order

The coffee chain Starbucks is introducing a reusable cup which UK customers can keep, in a move designed to encourage them to be more environmentally conscious while saving money.

The reusable cup is based on the design of the brand’s distinctive white and green paper cups and will cost £1.

Customers who use their reusable cup will receive a 25p discount off their Starbucks drink every time they use it. The cup is made of a high-quality material which is lighter than the Starbucks ceramic tumblers, which will still be available.

The reusable cups will be available in selected stores nationwide from today but will be rolled out gradually elsewhere.

The US coffee giant has pledged to press ahead with a major expansion plan in the UK – aiming to open 300 new stores and create 5,000 extra jobs by 2016 – amid ongoing controversy over its failure to pay UK corporation tax over the past three years.

Ian Cranna, vice-president of UK marketing for Starbucks, said: “We know that our customers really care about saving money and doing their bit for the environment; between 2008 and 2012 the number of people using a Starbucks reusable tumbler increased by 235% and our new reusable cup is a low-cost, high-impact way to help make a difference on reducing waste.”

Globally the chain is aiming for 5% of drinks made in its stores to be served in reusable cups by 2015 and the company says its move in the UK is a key step towards reaching this goal.

Coffee rush fuels $10 billion takeover

Category : Stocks

The investment arm of Germany’s Reimann family has swallowed its third coffee takeover in less than a year, agreeing to pay almost $10 billion for the owner of the Douwe Egberts brand.

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Bid for Douwe Egberts coffee company

Category : Business, World News

The Dutch maker of Douwe Egberts coffee, DE Master Blenders, agrees a 7.5bn-euro takeover offer from a German private consortium.

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Healthy Coffee International, Inc. (HCEID: OTC Link) | Symbol Change

Category : Stocks, World News

Tue, Apr 09, 2013 12:00 – Healthy Coffee International, Inc. (HCEID: OTC Link) – Symbol Change – The symbol, HCEID, is no longer a valid symbol for Healthy Coffee International, Inc.. As of Tue, Apr 09, 2013, the new trading symbol is HCEI. You may find a complete list of symbol changes at

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Tesco chief defends Harris + Hoole branding

Category : Business

Philip Clarke says outlets of coffee shop chain in which company owns 49% stake may appear in Tesco stores in future

Tesco’s chief executive, Philip Clarke, has offered a detailed explanation of the supermarket’s investment in the coffee shop business Harris + Hoole, which has the appearance of an independent company rather than one 49% owned by the retail group.

Clarke said in a blogpost on Tesco’s website that the business had flourished since its launch in the summer and that some outlets might be installed in Tesco stores in the future.

“We like backing great brands, helping them to grow and to realise their potential. We’ve done it with suppliers for years. Great ideas can find it hard to get backing these days, so we’re pleased to be in a position to help entrepreneurs achieve their vision,” Clarke said.

This month the Guardian reported critical remarks of customers of Harris + Hoole. The chain, named after characters in the Diary of Samuel Pepys, is run by the Australian siblings Nick, Andrew and Laura Tolley.

Clarke said: “We invested in Harris + Hoole after meeting entrepreneur Nick Tolley and his siblings Andrew and Laura, who are passionate about great coffee. They were looking for a company which could back their vision to bring quality coffee to a wider audience and we were impressed with their energy and enthusiasm. We thought customers would love the coffee and the warm, friendly atmosphere of their shops, so we decided to invest.”

Addressing the branding of a chain co-owned by one of the world’s biggest retail names, he added: “Some people have asked why it’s not branded Tesco. The H+H brand is part of its value – its distinctiveness and appeal. It’s the Tolleys’ business, their brand. Our investment helps them to take it further.”

Clarke said H+H outlets would appear in Tesco stores “when the Tolleys are ready”.

He said Tesco would back businesses “in which we see an opportunity for their brands to grow with ours”, using the garden centre business Dobbies – founded by James Dobbie in 1865 and in which Tesco invested in 2008 – as an example. “Dobbies, another Tesco business, does this brilliantly with coffee shops which customers travel to just for the scones,” Clarke said.

He cited the Euphorium bakery as another example of Tesco’s interest in backing businesses. Euphorium, founded in 1999 in Islington, north London, has an outlet in a Tesco store in Kensington.

Starbucks to open shop in Vietnam

Category : World News

Starbucks, the world’s biggest coffee-shop company, is set to open its first store in Vietnam next month as it continues expanding in Asia.

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Boris: Don’t sneer at Starbucks

Category : World News

London Mayor Boris Johnson has urged people not to “sneer” at the coffee chain Starbucks over its decision to pay £20m in corporation tax.

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Starbucks row over tax and staff contracts could squeeze sales by 24%

Category : Business

Predicton based on research by Gary Davies, professor of corporate reputation at Manchester Business School

It has left a bitter taste that not even the strongest after-coffee mint could shift and the reputational crisis engulfing Starbucks over allegations of tax avoidance and removal of staff sick days could now see millions wiped from its balance sheet, academics have warned.

Researchers from Manchester Business School have calculated that public anger at Starbucks’ payment of just £8.6m in UK tax over the past 13 years on sales of £3.1bn and staff disbelief this week at being told paid lunch breaks, some sick leave and maternity benefits were being axed could result in a fall in sales of as much as 24% in the next year.

The prediction, based on a study of the effect of reputation crises affecting more than 50 organisations, came as activists from the UK Uncut movement prepared to descend on around 40 of the US company’s UK branches.

The home of the gingerbread latte and caramel macchiatto will be targeted by protesters with a series of actions that illustrate how the coffee chain has become the focus for a series of political battles. Campaigners plan to turn Starbucks premises into temporary “women’s refuges” as a comment on how government cuts, aggravated by corporate tax avoidance, are hitting women hardest.

The protesters are unimpressed by Thursday’s announcement that Starbucks is to pay £10m in taxes over the next two years as it restructures its complex arrangements that have seen its UK operation pay no corporation tax in the past three years.

“Our research shows that if a company’s reputation declines internally and externally at the same time, sales go down quickly,” said Gary Davies, professor of corporate reputation at Manchester Business School. He has studied the effects of reputational changes in 56 organisations. “The danger for Starbucks is they will suffer an implosion of their reputation internally. The worst case scenario would be a decline of up to 24% in next year’s sales.”

He said customers will discuss the tax and employment terms with staff and if they respond negatively consumer trust will be further eroded.

The online retailer Amazon and web portal Google were branded alongside Starbucks as “immoral” this week by MPs for their tax practices, but it is the ubiquitous coffee chain that is the focus for protest.

“They are such a visible presence in our high streets where we are seeing the effects of cuts that you can’t avoid the mismatch in what is going on,” said Tim Street, a spokesman for UK Uncut. “Starbucks is opening more and more branches and not paying their taxes while public services are being cut.”

After it was savaged over its tax payments by the influential public accounts committee, the chief secretary to the Treasury, Danny Alexander, revealed he had been boycotting the chain over its tax bill and the business secretary, Vince Cable, voiced sympathy for anyone who did the same.

The argument advanced by Troy Alstead, Starbucks’ chief financial officer, that its low tax bill was down to “profitability challenges, very sincere ones … it is nothing to do with tax avoidance”, did not wash. Austin Mitchell MP told him: “You are either running the business very badly or there is some fiddle going on.”

No fiddle at all, insisted Starbucks, but when it finally indicated it would review its tax affairs, the committee chairman, Margaret Hodge MP, said bluntly: “Starbucks has now caved in to public pressure and announced it will review the tax arrangements in the UK. Clearly, naming and shaming works.”

The anger was felt most strongly among staff manning the steaming coffee machines in branches up and down the country who were astonished to be told they were losing paid sick leave for the first day’s illness and paid lunch breaks, among a series of contract changes.

“It feels like we’re not treated like human beings,” one barista said. “They are treating us as money machines – they’re using us to make money. I was told that if I didn’t sign the revised contract immediately my employment would be terminated on 20 January,” said another.

“The biggest slap in the face was the way they asked us all about the changes, didn’t get the answers they wanted and still did just the same thing. We were also told that if we spoke to anyone about their tax arrangements, even if directly asked, that would be seen as a sackable offence.”

And they have been assailed by members of the public incensed at the company’s tax contribution. “We have people shouting at us when we are doing sampling with drinks outside so we talk about it, we have to deal with it every day,” he said.