Coffee and deli bar operator Coffee Republic today reported wider losses, as it posted its first set of annual results since the chain’s founder was ousted in a boardroom coup.

The boss of Coffee Republic today condemned internet bulletin boards for moving the price of the firm’s shares and damaging progress as it rolls out its franchise programme.

British café chain Coffee Republic today said its recovery was well on track after a string of disposals and a switch to a new deli format helped arrest a slump in sales.