Finance

  • Loungers
    News

    Loungers lfls up 5.4%; four new openings in October

    2019-10-16T07:42:00Z

    Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.

  • Marstons
    News

    Peel Hunt on Marston’s

    2019-10-16T07:42:00Z

    Dealing with the debt and a difficult dining market

  • 20 Stories
    News

    D&D reports improved autumn trading and regional strength

    2019-10-15T07:43:00Z

    D&D London has reported like for like sales growth of 4%, as it commits to further projects in its home market, as well as growth in the US.

  • MARSTONS_Day_2_Jan_2019-1662_300dpi_CMYK
    News

    Marston’s wet-led pubs ‘lead the charge’

    2019-10-15T07:42:00Z

    Wet-led pubs “led the charge” at Marston’s, with its Taverns business achieving like-for-like sales growth of 1.9% for the year ended 28 September 2019, including 5.4% in the last 10 weeks.

  • Loungers
    Opinion

    AlixPartners: Cause for cautious optimism

    2019-10-14T07:31:00Z

    The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith

  • Black Sheep Coffee
    News

    Black Sheep Coffee posts losses of £5.3m

    2019-10-11T08:08:00Z

    Black Sheep coffee made losses of £5.3m in 2018, an increase from £2.8m in 2017, as the group invests in scaling up and adding new sites.

  • Banyan, Ilkley
    News

    Arc Inspirations EBITDA up 15%

    2019-10-09T07:03:00Z

    Arc Inspirations, the operator behind Banyan, BOX and Manahatta, has announced turnover increased 16.7% to £27.2m, up from £23.3m on the previous year.

  • MOD Pizza
    News

    MOD Pizza UK reports £6.9m losses in 2018

    2019-10-08T07:55:00Z

    MOD Pizza UK has reported losses of £6.9m in 2018 – following losses of £11m the previous year.

  • McDonald’s
    News

    McDonald’s turnover down amid franchise focus

    2019-10-08T07:55:00Z

    McDonald’s UK saw turnover decrease in 2018 as its continued focus on franchising increasingly recognised incomes over sales.

  • Yapster
    News

    Yapster raises £2.6m

    2019-10-07T07:37:00Z

    Yapster, a communications platform for hospitality workers, has raised just over £2.6m as the company looks to deliver on its ambitious growth plans for 2020 and beyond.

  • Thaikhun
    News

    Thai Leisure Group CVA is approved

    2019-10-07T07:36:00Z

    Thai Leisure Group has had its proposed Company Voluntary Arrangement approved by its creditors.

  • kfc one use
    News

    KFC profits plunge after chicken crisis

    2019-10-07T07:35:00Z

    KFC UK saw its turnover and profits plunge following its distribution crisis last year, but did not swing to a loss over all.

  • PizzaExpress
    News

    PizzaExpress hires advisers for debt talks

    2019-10-07T07:34:00Z

    PizzaExpress has hired financial adviser Houlihan Lokey to prepare for debt talks with its creditors amid continued tough trading conditions, Bloomberg reports.

  • BrewDog
    News

    Brewdog bars lose £235k amid expansion drive

    2019-10-04T07:35:00Z

    Brewdog’s bar division made a pre-tax loss of £235,000 in 2018 - up from £45,00 in 2017.

  • Bumpkin
    News

    Administrators appointed at Bumpkin and Eclipse operator Ignite

    2019-10-04T07:34:00Z

    Ignite, the premium West End operator which was once a favourite of Prince William and Prince Harry, has been taken into administration, MCA understands.

  • 20170309_Prezzo_WestonSuperMare_Interiors-001-HDR
    News

    Prezzo made £29.7m loss in 2018 after CVA

    2019-10-03T07:37:00Z

    Prezzo made an operating loss of £29.7m in 2018 following the CVA that saw it close nearly 100 restaurants.

  • Seafood Pub Co
    News

    Seafood Pub Company sees losses increase

    2019-10-03T07:37:00Z

    Seafood Pub Company has reported a group loss after tax of £2.73m for the full-year to 31 December 2018, compared to a loss of £1.15m the previous year, after higher administrative expenses and cost of sales impacted profits.

  • Erpingham House
    News

    Erpingham House hits 50% of £250k crowdfund

    2019-10-02T07:25:00Z

    Erpingham House, the UK’s biggest vegan restaurant, has secured 50% of its crowdfunding target ahead of its public launch later this week.

  • Greggs vegan sausage roll
    News

    More growth for Greggs

    2019-10-01T06:59:00Z

    Greggs has revealed 7.4% increase in like for like sales for the 13 weeks to September 28, 2019. Total sales were up 13.9% and the business opened a net total of 56 shops. Greggs said the business “continued to trade very strongly in the third quarter. As expected, the rate of year-on-year sales growth moderated as we came up against stronger comparative sales from the previous year, but sales were still up strongly, driven predominantly by growth in customer numbers.”

  • Jamie's Italian interior
    News

    Jamie’s profits plunge following restaurant collapse

    2019-10-01T06:48:00Z

    Jamie Oliver has revealed the scale of the impact the collapse of his restaurant group had on his overall business interests. Pre-tax profits at his businesses, made up of Jamie Oliver Holdings, Jamie Oliver Licensing and Jamie’s Italian International, almost halved by 46%, from £14.4m to £7.8m. The business said its profits were “impacted by exceptional costs of £9.9m in the year related to the restaurant group.”