Caffé Nero plans to open 42 new outlets over the next twelve months.

The flotation raised £7.55m, which was lower than expected but will enable the chain to grow from 58 to 100 outlets.

Chairman and chief executive Gerry Ford described the flotation as "a great success". He said he planned to build the chain to 300 outlets over the next four years, including some in northern Europe.

Financial Times 17/3/01 page 14

The Daily Telegraph 17/3/01 page 29

The Times 17/3/01 page 55

The Independent 17/3/01 page 17 (Briefing)

The Guardian 17/3/01 page 30