Edinburgh locals queue up for new chocolate shop and cafe in trendy neighbourhood
Edinburgh locals have been lining up outside a new chocolate shop and cafe in an upmarket neighbourhood.
Nama welcomed customers in at the start of the month at North West Circus Place in Stockbridge.
Opened by Hamilton Harman, it's the entrepreneurs second hospitality business in the city, after opening Matcha Sando in Bruntsfield.
READ MORE: Edinburgh locals warn 'we will go to war over parking' if development goes ahead
READ MORE: Edinburgh Council blasted over 'extremely concerning' £8m deal with convicted landlord
The 27-year-old has been a matcha fan for 10 years, but said opening a chocolate shop was his 'dream'.
On the day of opening a huge queue stretched down the street as eager foodies waited to be among the first inside. The team were giving away 100 free Isle of Skye hot chocolates to the first people through the door.
A message on Instagram reads: "Wow what a lovely opening day turnout despite all the setbacks (behind the scenes our plumber finished working an hour before opening and our supplier delivered late leaving us just 30 minutes to sort stock.
"Apologies for the limited menu and retail items while we sort and smooth things out. Thank you so much.
"See you all soon and hope you enjoyed - Hamilton, owner and master chocolatier."
Speaking to Edinburgh Live ahead of opening, Hamilton added: "Everything is coming together now and I am starting to feel confident. We had to unpack so much stuff including all of the equipment and things but once everything cleared, you started to see the light again.
"It's a cocoa, matcha and coffee bar and we are focusing on those three. We actually have our own secret recipe for our hot chocolate and I had been developing it for five years.
"I always wanted something to call my own - especially the chocolate shop because it was my 10-year dream.
"I have been drinking matcha for 10 years and it really puts a smile on my face when the customers are just as passionate as me. They also love the way we innovate things."
Join Edinburgh Live's Whatsapp Community here and get the latest news sent straight to your messages.
Hamilton explained it was 'by chance' he was able to open up two businesses in the capital, and said he only ever set out to have one.
He added "You can't pick and choose with leases in Edinburgh but I only wanted to open one cafe.
"I got the one for Stockbridge but in case it fell through, I applied for the one in Bruntsfield. I have applied to about 30 over three years.
"It was all by chance that I ended up with two."
You can find out more on their Instagram page here.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
38 minutes ago
- Yahoo
FirstGroup (LON:FGP) Could Be A Buy For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that FirstGroup plc (LON:FGP) is about to go ex-dividend in just three days. The ex-dividend date is usually set to be two business days before the record date, which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase FirstGroup's shares on or after the 3rd of July will not receive the dividend, which will be paid on the 8th of August. The company's upcoming dividend is UK£0.048 a share, following on from the last 12 months, when the company distributed a total of UK£0.065 per share to shareholders. Looking at the last 12 months of distributions, FirstGroup has a trailing yield of approximately 2.8% on its current stock price of UK£2.312. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether FirstGroup has been able to grow its dividends, or if the dividend might be cut. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. FirstGroup paid out a comfortable 32% of its profit last year. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. The good news is it paid out just 5.7% of its free cash flow in the last year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for FirstGroup Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. It's encouraging to see FirstGroup has grown its earnings rapidly, up 75% a year for the past five years. Earnings per share have been growing very quickly, and the company is paying out a relatively low percentage of its profit and cash flow. This is a very favourable combination that can often lead to the dividend multiplying over the long term, if earnings grow and the company pays out a higher percentage of its earnings. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the last three years, FirstGroup has lifted its dividend by approximately 81% a year on average. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see. Is FirstGroup an attractive dividend stock, or better left on the shelf? We love that FirstGroup is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. FirstGroup looks solid on this analysis overall, and we'd definitely consider investigating it more closely. In light of that, while FirstGroup has an appealing dividend, it's worth knowing the risks involved with this stock. In terms of investment risks, we've identified 1 warning sign with FirstGroup and understanding them should be part of your investment process. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Streeting confident about welfare vote amid criticism of ‘two-tier' Pip plans
The Health Secretary signalled confidence that the Government will win a crunch vote on welfare reforms next week, but did not rule out further concessions. Wes Streeting said the changes 'have put us in a much better position' and give 'peace of mind' to those currently in receipt of personal independence payments. The Government's original welfare package had restricted eligibility for Pip, but in a climbdown to stave off a backbench rebellion, the changes will now only apply to new applicants. Mr Streeting said this was not unusual for such a transition. 'When things change and evolve as you bring in new systems, it does change sometimes from group to group, student finance being an example,' he told the BBC's Sunday With Laura Kuenssberg programme. He said 'we've got to listen' when asked if further concessions could be made on Pip. Unite general secretary Sharon Graham has called for the Government to start from scratch on the Bill and said the latest plans were 'divisive and sinister'. 'Creating a two-tier system where younger disabled people and those who become disabled in the future will be disadvantaged and denied access to work and education, is morally wrong,' she said. Disabled Labour MP Olivia Blake said the proposed changes had been 'plucked from the air'. 'This could form an unethical two-tier system that treats two people with the exact same injury or illness differently,' she told The Guardian. The Health Secretary told Sky News's Sunday Morning With Trevor Phillips that the changes 'have put us in a much better position'. 'As a result of the changes, it means anyone watching this morning who's in receipt of personal independence payments now has the peace of mind of knowing that their situation is protected,' he said. Labour MP Louise Haigh meanwhile said she planned to back the Welfare Bill next week but needed to see the full detail of the new plans on Monday. The former Cabinet minister also said it was a moment for the Government to 'reset'. 'I think this is a moment and an opportunity to reset the Government's relationship with the British public and to move forward, to adopt a different approach to our economic policy and our political strategy,' she told the BBC. On Saturday, the Prime Minister told the Welsh Labour conference the 'broken' welfare system must be fixed 'in a Labour way'. The original plans restricted eligibility for Pip and cut the health-related element of universal credit Existing recipients were to be given a 13-week phase-out period of financial support in an earlier move that was seen as a bid to head off opposition. Now, the changes to Pip will be implemented in November 2026 and apply to new claimants only, while all existing recipients of the health element of universal credit will have their incomes protected in real terms. The concessions on Pip alone protect some 370,000 people currently receiving the allowance who were to lose out after reassessment. Ministers had hoped the reforms would get more people back into work and save up to £5 billion a year, but the concessions left Chancellor Rachel Reeves needing to find money elsewhere and point to possible tax rises in the autumn.
Yahoo
an hour ago
- Yahoo
Is Now The Time To Put Cranswick (LON:CWK) On Your Watchlist?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Cranswick (LON:CWK). Even if this company is fairly valued by the market, investors would agree that generating consistent profits will continue to provide Cranswick with the means to add long-term value to shareholders. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Generally, companies experiencing growth in earnings per share (EPS) should see similar trends in share price. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Cranswick managed to grow EPS by 8.5% per year, over three years. That's a good rate of growth, if it can be sustained. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. Cranswick maintained stable EBIT margins over the last year, all while growing revenue 4.8% to UK£2.7b. That's a real positive. In the chart below, you can see how the company has grown earnings and revenue, over time. For finer detail, click on the image. View our latest analysis for Cranswick Of course the knack is to find stocks that have their best days in the future, not in the past. You could base your opinion on past performance, of course, but you may also want to check this interactive graph of professional analyst EPS forecasts for Cranswick. It's pleasing to see company leaders with putting their money on the line, so to speak, because it increases alignment of incentives between the people running the business, and its true owners. Shareholders will be pleased by the fact that insiders own Cranswick shares worth a considerable sum. To be specific, they have UK£35m worth of shares. That's a lot of money, and no small incentive to work hard. Even though that's only about 1.2% of the company, it's enough money to indicate alignment between the leaders of the business and ordinary shareholders. As previously touched on, Cranswick is a growing business, which is encouraging. For those who are looking for a little more than this, the high level of insider ownership enhances our enthusiasm for this growth. The combination definitely favoured by investors so consider keeping the company on a watchlist. If you think Cranswick might suit your style as an investor, you could go straight to its annual report, or you could first check our discounted cash flow (DCF) valuation for the company. Although Cranswick certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see companies with more skin in the game, then check out this handpicked selection of British companies that not only boast of strong growth but have strong insider backing. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
