Starbucks insists it is on the road to recovery in the UK despite the latest dismal results. Figures filed at Companies House for the 12 months to 27 September show it made a loss after taxation of £52.1m compared with a loss of £46.9m the previous year.The loss stands in contrast to the bullish performance of Costa, which posted a 60% increase in operating profit in 2009/10.To compund matters, Starbucks failed to get the Advertising Standards Authority to pull adverts from its rival earlier this year that boasted ‘Starbucks drinkers prefer Costa’ and ‘Seven out of 10 coffee lovers prefer Costa’.Starbucks’ financial report said: “Management took rigorous action to improve the customer experience and to provide customers with greater value for money.”These included the introduction of 100% certified Fairtrade espresso in all UK stores and a customer reward programme. It added: “There was evidence that consumers responded to these initiatives and the year ended with record numbers of consumers in stores.”Anya Gascoine-Marco, senior project manager at Allegra Strategies, said the figures were nothing to be unduly alarmed about and that turnover was fine; comparative store sales rose by 3.9% in the quarter to 27 December 2009, with sales in December alone up 6%.She added: “Starbucks have cut prices and have reviewed their estate – the Borders stores were the worst performing and didn’t close until December. They are on a journey to getting back to breaking even.”At the start of the year, Starbucks announced plans to open 29 motorway services outlet in the UK over the next 16 months – replacing Welcome Break’s Coffee Primo own-brand – as it explored new avenues of trading.The chain has also opened concessions in New Look clothing stores, following the closure of its 36 Starbucks concessions in Borders, which went into administration before Christmas.
Femi SolajaDespite Super Eagles absence from the 2017 Africa Cup of Nations in Gabon, Nigeria still made an appreciable upward movement to the 41st position in the February FIFA global rankings released yesterday.The latest ranking is the best by Nigeria in recent time.The Super Eagles were ranked 51st in January rankings but this month, they moved a staggering ten places up despite their absence at the African soccer show piece.However, current African champions, Indomitable Lions of Cameroon, whom Nigeria will meet next in the ongoing FIFA World Cup qualifying round of matches later in the year are ahead of Super Eagles.Nigeria occupies seventh in Africa behind Egypt, Senegal, Cameroon, Tunisia, Congo DR and Burkina Faso. The Indomitable Lions, who silenced the Pharaohs to win their fifth African title climbed up 29 place to occupy number 33 in the world, though third in Africa.Meanwhile, embattled Argentina in the ongoing South America World Cup qualifying round of matches lead the world ranking with 1635 points, followed closely by rivals Brazil in second and reigning world champions Germany in third place.The next FIFA ranking update will be announced on March 9.Africa’s Top Ten 1 (3) Egypt 2 (1) Senegal 3 (12) Cameroon 4 (4) Tunisia 5 (6) DR Congo 6 (8) Burkina Faso 7 (7) Nigeria 8 (9) Ghana 9 (2) Cote d’ Ivoire 10 (10) Morocco *January rankings in bracketShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram
Image Courtesy: Getty/ReutersAdvertisement 6ag3l0NBA Finals | Brooklyn Vs5rkWingsuit rodeo📽Sindre Ecnws( IG: @_aubreyfisher @imraino ) c1Would you ever consider trying this?😱7aqiCan your students do this? 🌚utrRoller skating! Powered by Firework Ronaldinho, the Barcelona and AC Milan legend once revealed in an interview that how the 2005 Ballon d’Or winner almost made his way into Sir Alex Ferguson’s United squad, back in the summer of 2003.Advertisement Image Courtesy: Getty/ReutersA couple of years ago in an interview, the former Brazillian forward unveiled how me almost made his way to Old Trafford, while he was 23 and with the Ligue 1 giants Paris Saint Germain.“I almost went to United. It was a matter of 48 hours, but Sandro Rosell (candidate for president of Barcelona at the time) told me before I received the proposal: ‘If I become president of Barça, will you come?’ I said yes. It was just a matter of detail with United when Rosell called me to say that I would win the election.” he told English magazine FourFourTwo.Advertisement I promised I would play at Barça, and it was a quick negotiation. I told the English that I chose Barça. It was the right choice, Brazilians have always loved Barcelona. We have a story there,” the 2002 World Cup winner added.Red Devils legend Paul Scholes also said that they were very close to land the attacking midfielder, followed by Fergie’s comment on the matter.Advertisement “There was a problem with his brother, who was his agent, but Peter Kenyon, who was chief executive then, didn’t get the job done,” the 77 year old Scotsman said.Ronaldinho’s destination was Camp Nou, where he won two La Liga and a UEFA Champions League in 2006, and later went to AC Milan, winning the Serie A title in 2011. Advertisement