Food Retail

Coffee prices to go up

Coffee shops are being stung by a triple whammy of increasing costs. London’s independent coffee scene is having to react to costs shooting up on three fronts: a hike in property rates, the introduction of the national living wage and, most notably, pricey raw green beans. Sterling’s 20% slide against the US dollar has meant coffee roasters are having to …

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Brexit: Startups and the sterling sting

The weak pound is bad news for startups importing goods from Europe – but does the currency crash have positive outcomes too? The dive in sterling from $1.47 on June 23 to $1.29 two weeks later has had a severe impact on British businesses reliant on buying foreign products. It reached its lowest level against the dollar in three decades following …