Starbucks (Berlin: SRB.BE - news) ' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Starbucks was able to increase its gross profit by 13% to £79.7m, before deductions of £100.5m were taken into account. In a statement given to Sky News, Starbucks said: "This has been another quarter of strong growth for Starbucks across the EMEA region, with profitability more than tripling year-on-year and revenue growth of 13% the highest in two years." In accounts filed with Companies House the firm said of its British operations: "The company is being supported by an improving economic environment in the UK which is predicted to continue through 2014.
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