|Day's Range||103.85 - 106.20|
A £5 note believed to be worth £50,000 after it was engraved with an image of England captain Harry Kane is now in circulation Merthyr Tydfil - Wales. Artist Graham Short, one of the world’s leading micro-engravers, was inspired to make six of the special notes by Kane’s Golden Boot-winning exploits at the World Cup - one for each goal he scored in Russia. The artist has already spent two other notes into circulation in Meriden in the West Midlands and Elephant House in Edinburgh - the coffee shop where JK Rowling began writing her Harry Potter series.
J.M. Smucker Co. (sjm) said Wednesday it has signed renewable energy purchase agreement with Lincoln Clean energy for 60 megawatts of the power produced at the Plum Creek Wind Project in Wayne County, Nebraska. The owner of brands including Folgers, Smucker's and Cafe Bustelo coffee, as well as Dunkin' Donuts, Rachel Ray and Natural Balance, said that from 2020, it expects wind power from Plum Creek to account for about half of its total electricity use.
Thinking about taking a “summer Friday” to go to the beach, take a hike, or just sprawl on the couch reading and drinking iced coffee? Do it on a Wednesday instead. If Monday through Friday is your normal work schedule, you’ll feel more relaxed and refreshed after a mid-week break than you will after a…
Plus, recent weather patterns disrupted the coffee harvest in South America, which is expected to weigh on the Arabica harvest in Brazil, according to some experts. A recent Reuters poll of 14 traders and analysts showed that the consensus expects global coffee supplies to move to a surplus in 2018 and 2019, with Brazil expected to see a record crop. A rise in prices is bad news if you can't function without your morning cup of joe, but it's good news if you're invested in coffee stocks.
One year ago, a cup of coffee in Venezuela cost about 2,300 bolívares. Now it costs around 2,000,000. So the Venezuelan government is fixing the problem: It’s slashing five zeroes from its currency. The “solution” was announced last night (July 25) by president Nicolás Maduro. It’s part of currency reform that was scheduled for June…
Coca-Cola thinks it may have found a new drink that will give soda sales a shot of caffeine: Coke Plus Coffee. The version introduced in Australia has more caffeine than a regular Coke, but less than a cup of coffee, according to the company. Coca-Cola is trying to find ways to keep people interested in its namesake brand, even as it works to adapt its lineup of drinks to reflect changing tastes.
Agricultural products such as coffee, palm oil, sugar cane and cattle were linked to the most number of deaths, accounting for 46 out of 207 killings in 2017, a study by Global Witness found. The campaign group recorded double the number of deaths last year among defenders of land against agribusiness than in 2016, highlighting the increasing damage wrought around the world by some of the products consumers rely on every day. Outside of large-scale agriculture, mining was the next most deadly sector, with at least 40 killings while logging and poaching each resulted in 23 people being killed by companies or governments backing those industries, according to the report.
Lockheed Martin has just finished the final series of quality control tests for an enormous titanium dome meant to serve as caps for satellite fuel tanks. It's not just any ordinary dome, though: the enormous component measures four feet in diameter and is the company's biggest 3D-printed space component to date. This dome is large enough to seal fuel tanks bigger than humans and, according to Lockheed Martin, big enough to hold 74.4 gallons of coffee or 530 donuts.
Starbucks’ second-largest market after the US is China, where it has over 3,300 stores and operates with virtually no serious competition. A Beijing-based startup could change that. Luckin Coffee has opened 525 outlets across China’s major cities less than nine months after its launch (link in Chinese). Today the fast-growing company confirmed it’s closed a…
Italy's Lavazza said on Monday it would buy all of Australia's Blue Pod Coffee, as the coffee maker pushes ahead with a shopping spree that has allowed it to sharply increase its scale. After buying French brand Carte Noire and Denmark's Merrild, Turin-based Lavazza last year purchased Canadian organic coffee firm Kicking Horse, France's ESP and Italian coffee pods and machines company Nims.
Starbucks has made generous employee benefits part of its corporate identity, and it’s doing so again with an expanded coverage of medical procedures for its trans workers. While the coffee giant has covered gender reassignment surgery since 2012, the company’s health insurance policy will now cover procedures such as breast and facial surgery, skin grafts,…
Los Angeles-based The Coffee Bean and Tea Leaf plans to open 100 franchise locations in New York. Commercial rents are finally starting to drop in New York, opening the doors for restaurants and retailers to fill a glut of vacant spaces. One coffee company is about to set up shop in New York, entering the city with an aggressive growth strategy at a time when others are scaling back.
It’s going to be a tough week for the twenty restaurants, bakeries, and coffee houses in the United States with “Red Hen” in their name. Over the weekend, several were bombarded with death threats, nasty online reviews, and even eggs, after White House press secretary Sarah Huckabee Sanders said on Twitter she was was asked…
It’s officially summer in the northern hemisphere, which can only mean one thing: The people want their caffeinated drinks on ice. But Starbucks, perhaps the most famous purveyor of slushy coffee milkshakes, is running into a problem: Frappuccinos are falling out of favor. At an investor presentation early this week, Starbucks CEO Kevin Johnson revealed…
The hottest beer, coffee, and tea products this summer in Japan have one thing in common—they’re colorless. This week, drinks giant Suntory started selling a non-alcoholic beer called “All-Free All-Time” (link in Japanese) that looks just like water. It’s the “beer” you can even drink at work, ads suggest. This summer has also seen Asahi…
PANGALENGAN, Indonesia/NEW YORK (Reuters) - For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favoured by connoisseurs. A small harvest in Sumatra has eaten further into tightening supplies of that region's unique arabica beans, which are sought for the heavy, earthy notes they give to roasted blends. Sumatran beans are a key component in Starbucks Corp's (SBUX.O) Christmas Blend, which has been sold for more than 30 years.
PANGALENGAN, Indonesia/NEW YORK, June 22 (Reuters) - For decades, Indonesia has supplied coffee roasters worldwide with prized beans that give a distinctive taste to brews favored by connoisseurs. A small harvest in Sumatra has eaten further into tightening supplies of that region's unique arabica beans, which are sought for the heavy, earthy notes they give to roasted blends. Sumatran beans are a key component in Starbucks Corp's Christmas Blend, which has been sold for more than 30 years.
Slurping ramen at a noodle bar, contemplatively sipping a coffee at a sidewalk cafe, or wandering through a sprawling street market. These are activities that are so stimulating to the senses when traveling, they hardly require a companion to be enjoyed. And yet, so many travelers wait on booking their dream trip because they don’t…
The Supreme Court has ruled for a Colorado baker who wouldn't make a wedding cake for a same-sex couple. The justices' decision turned on what the court described as anti-religious bias on the Colorado Civil Rights Commission when it ruled against baker Jack Phillips. NEW YORK (AP) -- Starbucks Corp. says Howard Schultz is stepping down as executive chairman of the coffee company he joined more than 30 years ago and helped transform into a global chain.
Howard Schultz, the entrepreneur and coffee enthusiast behind Starbucks’ explosive growth, announced his retirement from the company today (June 4). Schultz, who has served two separate stints as Starbucks’ CEO, was named executive chairman in 2017. He grew the chain from a small Seattle-based chain of 11 stores in 1981 to an international behemoth with…
For Alberto Ferracuti, a coffee grower in El Salvador, bourbon really does grow on trees. Ferracuti and many other farmers in the Central American country have turned to speciality coffee trees - identified by fanciful names such as bourbon, geisha and pacas - in hopes of reviving a local industry devastated by crop disease just a few years ago. Specialty coffee can earn farmers more than twice what they make selling standard varieties.
For Alberto Ferracuti, a coffee grower in El Salvador, bourbon really does grow on trees. Ferracuti and many other farmers in the Central American country have turned to specialty coffee trees - identified by fanciful names such as bourbon, geisha and pacas - in hopes of reviving a local industry devastated by crop disease just a few years ago. Specialty coffee can earn farmers more than twice what they make selling standard varieties.
Starbucks has a presence in 75 countries worldwide and is a global leader in coffee roasting, marketing and retailing. Starbucks has a market cap of $78.536 billion and raked in annual revenue of $22.38 billion in 2017 with a net income of $2.88 billion. At current share prices of $56.91, the stock is trading at about 18.9 times earnings.