Finance
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NewsThird Space sees turnover top £100m
The luxury health club and fitness chain has reported a 36% turnover increase for 2025, boosted by growth in its membership
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Analysis & InsightRestaurant sales revive while pubs soften in August
While leading managed groups overall saw like-for-like sales up 0.8%, the sector showed a slight cooling of growth compared with July when the impact of the World Cup boosted takings
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NewsVue explores London IPO
The European cinema operator is looking to capitalise on a record-breaking summer at the box office with a £1.5bn listing
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NewsStarbucks mulls $3bn sale of Japanese operations
The coffee giant has solicited pitches from several financial advisers on options for the business and is open to selling a majority stake
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NewsChancellor considering budget raid on higher stake slot machines
While John Healey is looking at raising gambling taxes, insiders say he wants to ensure any move does not hit traditional venues such as pubs, bingo halls or seaside arcades
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NewsLabour minister admits tourist tax launched without assessing jobs impact
Local government minister Jim McMahon said the government had failed to carry out a formal national impact assessment of the levy and its effect on the economy
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NewsRed Oak Taverns reports year of strong progress
Despite meaningful increases in employment and property costs, the pub company said it had delivered a “substantial improvement” in profitability, with sales up 9% in 2025.
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InterviewsDubai-based Passion F&B looking to bring further concepts to UK
CEO Suyash Nath says the group, which made its London debut in May with Indian fine dining brand Trèsind Mayfair, could bring a more casual concept to the capital next
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NewsF1 Arcade in ‘a fast-moving growth phase’ as revenue rises
The Formula 1-inspired competitive socialising concept saw revenue increase 48% in 2025, driven by new site openings in the US and a strong performance across its UK estate
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NewsCosta planning 200 further store refreshes this year
Costa Coffee is continuing to upgrade its UK and Ireland estate, with 200 further “refreshes” planned for this year, as CEO Philippe Schaillee works to continue period of strong sales momentum.
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NewsPitch secures US franchise partner
The competitive socialising brand has signed a deal to launch 15 sites across the US over the next five years, with a debut site in California opening in early 2027
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NewsBow Street Group reports improving LFLs following site investment
The owner and operator of Wildwood and dim t restaurants reports improving like-for-like sales for the first half of the year – up 5.6% – but adjusted EBITDA and operating loss declined over the period.
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NewsKuvi Hospitality builds senior team as it looks to scale Coyo Taco
The hospitality investment platform, led by CEO Shereen Ritchie, said the appointments deepen its capabilities across finance, brand, consumer insight and strategic development as the business moves into its next stage of growth.
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NewsCooks Coffee appoints new group marketing director
Louise Buet joins from Tim Hortons UK, with the newly created non-board role reflected the increasing scale of Cook’s coffee shop franchise Esquires.
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NewsThai Express: ‘The brand is now in capable hands’
The brand is well-placed to build on its strong foundations following its acquisition by Canalside Ventures - established by Giggling Squid co-founder Pranee Laurillard, Thai Express UK operations director, Uzma Pattani tells MCA.
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NewsBurger & Lobster to focus on international growth
The cost of new restaurant openings, alongside tougher trading conditions in the UK has led to the business reporting an operating loss for the year to 28 December 2025.
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InterviewsNero Group: ‘We anticipate opening about 45 new stores in the UK next year’
Founder and group CEO Gerry Ford tells MCA there remains ‘significant growth opportunities’ for all its brands, which includes Caffè Nero and Coffee#1, in its home market
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NewsRocco Forte Hotels grows revenue and profit as luxury demand remains resilient
Group revenue rose 8.4% to €345.1m (£296.8m), with the luxury hotel group reporting strong trading across its portfolio while investing heavily in refurbishments and expansion projects
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NewsOpen Restaurant Group acquires Wreck Bistro from Gary Usher
The acquisition takes Open Restaurant Group’s portfolio to nine sites, following its takeover of Hispi in Didsbury from Usher’s Elite Bistros
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NewsFirst Table raises £5m in new funding
The restaurant booking platform that gives diners 50% off their food bill during off-peak times is looking to deepen its presence in the stand-out markets, the UK and Ireland