The coffee shop market will continue to grow despite the credit crunch, with new data showing that the number of outlets in the UK increased by 15% in the 18 months to October.According to research company Allegra Strategies, which is due to launch a report on the market next month, the number of coffee chain outlets increased by 657 branches between April 2007 and October 2008 to a total of 3,577 branded stores in the UK.”The downturn in the economy will only have a limited impact on long-term market growth and the total UK coffee market is set to continue to grow for at least the next five years,” said Allegra MD Jeffrey Young, at a briefing earlier this month, entitled Has the Coffee Shop Bubble Burst? “Starbucks and Costa will each reach more than 1,200 units across the UK well before the market is saturated.”The credit crunch is having some impact, however, with 19% of consumers visiting coffee shops less often because of the economic slowdown, according to research from Allegra. But Young predicted that the number of branded coffee shops would exceed 5,000 in the next 10 years, creating a market worth more than £2.5bn, up from the current turnover of £1.5bn.New coffee shop formats will emerge, he said, including branded delis and more bakery concepts.”UK café culture is here to stay,” he said. “The popularity of coffee bars continues to grow. They are important venues, not only to eat and drink, but also to relax, socialise and conduct business meeetings.”Allegra research found that a quarter of UK adults or 11m people visit coffee shops at least once a week, with location the main reason for visiting (63%). Lattes and cappuccinos are the most popular beverages.—-=== Summit draws near ===There is only one month left to register for the Baking Industry Summit 2008, on 27 November, so make sure you reserve your delegate place now. The Summit, which will focus on Corporate Social Responsibility (CSR), is taking place at One Great George Street, London, and will host a variety of top speakers, including Lucy Neville-Rolfe, executive director (corporate & legal affairs), Tesco.There will also be speakers from Asda, Greggs and Bells of Lazonby, as well as packaging and waste experts who have tackled bakery-based issues head-on and will share their experiences.To book a place, contact Helen Law on 01293 846587 or email [email protected] You can also book online at [http://www.bakingsummit.co.uk]. Ticket price: £225 + VAT.
Reports also said that it was the doctor’s second dive in the underwater cave.His body, found lodged 40 meters underwater, was retrieved after an eight hour search.FEATURED STORIESNEWSINFOSenate to probe Tolentino’s ‘novel legal theories’ on oral agreementsNEWSINFOLocsin wants to drop ‘visas upon arrival’ privilegeNEWSINFOPasig to sue 6 enforcers for extortionAmores’ brother, Lapu-Lapu City Vice Mayor Mario Amores went to Surigao del Sur immediately upon receiving reports about the incident.Andy Berame, head of the Task Force Kalikasan of Lapu-Lapu City, said he last saw the surgeon last Thursday for their usual night diving in Mactan. He even helped Amores pack diving gear that he took to Surigao. Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements Abu Sayyaf mows down 7 soldiers in Sulu It’s time to consider taking sea row to UN – Del Rosario NAFTA: Democrats Leveraging the Trump Administration Show me the money: Price-tagging Enrique Gil’s photos Enchanted River in Hinatuan, Surigao del Sur province. INQUIRER FILE PHOTOCEBU CITY, Philippines — A Cebuano surgeon and veteran diver was killed in an accident in the underwater cave of the Enchanted River in Hinatuan, Surigao del Sur.Dr. Alfonso Amores, together with a group of professional divers, was setting up safety gear for a television shoot on Tuesday when the accident happened, reports said.ADVERTISEMENT PCSO to focus on improving transparency of gaming activities PLAY LIST 03:26PCSO to focus on improving transparency of gaming activities01:39Sotto open to discuss, listen to pros and cons of divorce bill06:02Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements01:50Palace open to make Dengvaxia usable again as dengue cases spike01:49House seeks probe on ‘massive corruption’ in PCSO01:37PCSO estimates P250M in Lotto revenue loss due to suspension MOST READ ACLU: 911 Toddlers and Babies Separated from Parents Capital One Data Breach Don’t miss out on the latest news and information. Kids Festival Shooter in California Took Gun Illegally LATEST STORIES Amores’ wife is coming home from the United States. His body was expected to arrive in Cebu Wednesday night. With Frances Mangosing, INQUIRER.netRELATED STORIESEnchanted in HinatuanDivers drown in underwater cave in ItalyRead Next “He was excited because diving in the Enchanted River is always a challenge, it’s never easy.MORE STORIESnewsinfoDagupan church workers, parishioners back Villegas amid sedition rapsnewsinfoRobbery eyed in slay of DPWH official in BulacannewsinfoPublic warned vs scammers asking donations for quake-stricken BatanesMORE STORIESnewsinfoDagupan church workers, parishioners back Villegas amid sedition rapsnewsinfoRobbery eyed in slay of DPWH official in BulacannewsinfoPublic warned vs scammers asking donations for quake-stricken BatanesWhen you get out of the cave, that’s already a big accomplishment for a diver,” said Berame.The underwater case is the size of two basketball courts. Berame said exiting the cave is the most difficult part of the dive.“The water pulls you back to the cave. You’d be lucky if the current is not that strong,” added Berame.Amores, a reconstructive surgeon, was a licensed cave scuba diver and was trained in the United States. A resident of Lapu-Lapu City, he led the creation of marine sanctuaries in Mactan and trained the city’s Task Force Kalikasan which is in charge of monitoring illegal activities at sea.ADVERTISEMENT Locsin wants to drop ‘visas upon arrival’ privilege View comments