Finance
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NewsRestaurant and hotel prices rise marginally as UK inflation holds at 3.8%
The 12-month inflation rate for restaurant and hotel prices rose to 3.9% in September, up from 3.8% in August
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![Sam_Hart_17[1]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/5/5/5/374555_sam_hart_171_299581.jpg)
InterviewsHarts Group: UK a ‘challenging place to run restaurants’
Sam Hart reveals the group has cancelled plans to open further UK sites under its Spanish tapas concept Barrafina, and is instead focussing on five sites across the UAE in the next decade
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NewsBrunning and Price sees ‘significant potential’ in bedrooms
The Restaurant Group-owned pub company plans to open three-six new sites in 2026, after outperforming the market in its latest financial results
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NewsBig Fang falls into the red as turnover drops
The competitive socialising group reported a 5% drop in turnover, but says it has an ‘exciting pipeline of new sites’ for consideration
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NewsPizza Hut UK acquires 64 restaurants in pre-pack deal
While almost half of Pizza Hut’s dine-in sites have been acquired out of administration, 68 restaurants and 11 delivery sites will close as part of the deal, resulting in more than 1,210 job losses
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NewsVarious Eateries beats expectations with 6% revenue growth
The Coppa Club and Noci operator expects full-year revenue of £52.4m, with like-for-like sales up 4% during H2
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NewsAmber Taverns delivers record turnover of £120m
The community pub operator, which trades from 184 pubs across the UK, saw turnover increase 9% year-on-year, with profit before tax up 7% to £19.1m
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NewsWhitbread: New integrated offering offsets F&B sales dip
The Premier Inn operator has reported a 4% decline in its F&B sales in H1 FY26, in line with expectations as it removes its lower-returning branded restaurants
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NewsPerformance falls flat for Hard Rock Café
The music-themed restaurant and merchandise concept hit a bum note with a loss after tax of £7.5m last year, after closing a site in Glasgow
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InterviewsRanjit Mathrani: ‘People aren’t spending, they’re saving'
The chairman of MW Eat tells MCA the impact of last year’s budget has been ‘devastating’ while uncertainty over what comes next is putting a dampener on consumer spending
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NewsRed Engine agrees further £10m investment
The new financing, from Santander, HSBC, and Barclays, will enable the operator to continue expanding its Flight Club and Electric Shuffle brands
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NewsUK sales growth drives results for Nero Group
The parent company behind Caffè Nero delivered record sales of £166m in the first quarter of its financial year, boosted by 7% growth in the UK
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NewsMiddletons appoints advisors to assess options
Trading at the steakhouse & grill concept has been adversely impacted by the current economic factors, particularly rising food costs and changes in consumer spending habits
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NewsGerry’s Hot Subs closes successful fundraising round
The American-style premium subs concept, led by Bodean’s founder Andre Blais, has secured £250k in new investment to help fund its next two openings
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NewsHonest Burgers turns a profit for first time since 2020
The burger restaurant company has re-financed its debt to enable further expansion, with the new bank facilities expiring in 2030
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NewsCombined Gordon Ramsay group posts £134m sales
The business is headquartered in London and currently has 97 restaurants globally: 32 in the UK, 37 in North America, and 28 in other international markets
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NewsValiant achieves positive EBITDA in FY25
The community-focused pub company, founded in 2021 by Gerry Carroll and Mark McGinty, added 24 sites to its estate last year, with its estate totalling 80 pubs by the year end.
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NewsMW Eat ‘significantly more profitable’ despite negligible sales increase
The London-based operator behind Indian fine dining restaurants Chutney Mary and Veeraswamy reported a pre-tax profit of £4.4m for the year ended 30 March 2025
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NewsPizzaExpress’ equity markets in Hong Kong and UAE are ’outposts of innovation’
PizzaExpress CEO Paula MacKenzie has said the launch of the casual dining group’s Pod concept in the UK last year followed the development of smaller footprint locations in Hong Kong
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NewsHarts Group sees turnover slide
Spanish-inspired tapas concept Barrafina saw turnover decrease by 8.5% to £13.3m amid economic and competitive challenges