BUSINESS EXTRA

More shops

CORNWALL fashion brand Seasalt will open new stores following buoyant sales that tripled profits to £6.5 million (€7.56 million) in the year ending January 2022. Turnover rose by more than a third to £96 million (€111.75 million) according to its latest accounts sent to Companies House.

Classy glass

COCA­COLA EUROPACIFIC PARTNERS is expediting plans to supply glass bottles to the 10,000 Spanish bars and restaurants currently offering only cans or plastic bottles. Environmental concerns apart, the company found that 25 per cent of consumers would happily pay 20 cents more for a glass bottle.

Stepping aside

ANNE BODEN, founder of Starling Bank, is bowing out as chief executive in a move that she explained was made to skirt a potential conflict of interest, as she is a major shareholder. Boden, who launched the online bank in 2014, will remain on the board as non­executive director, she said.

Small spender

IN 2022, Spain spent approximately €5.2 billion of the €37 billion it has so far received from Europe. This amounted to 0.4 per cent of the country’s gross domestic product and 20 per cent of what it had budgeted for, according to official European Commission figures reported in Spanish media.

Pub gloom

ONLY 29 per cent of UK hospitality business owners told a survey by data and analytics company Nielsen that they regarded the coming year with optimism. Energy costs were the biggest worry for the remainder, with overheads including dearer food and higher wages rising by 81 per cent in the past year.