Finance
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NewsPho continues expansion with 50th site and strong FY results
Pho reported group sales up 11.6% to £79.3m for the year to February 2025, as the TriSpan-backed Vietnamese restaurant brand continues its national rollout
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Weekend PressPret and peers serve up a cold platter of UK high-street gloom
Retailers still planning around yesterday’s customer habits will find even greater challenges in store, Jennifer Hughes writes for the FT
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NewsAzumi: Pipeline of potential opportunities remains strong
The ROKA and Zuma operator reported revenue of £203m in 2024, a 1% decline from 2023, but said further openings are planned for this year and beyond
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NewsByron Burger risks fourth insolvency
The burger restaurant brand’s future is in doubt once more after its owner Tristar Foods filed a notice of intention (NOI) to appoint administrators
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NewsHunch Ventures takes over Jamie Oliver operations in India
International Market Management, led by founder Jasper Reid, has been bought out by its local JV partner after growing the Jamie Oliver estate to 15 restaurants across India
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NewsBurger & Lobster names new CEO as group posts resilient FY results
The 12-strong restaurant chain has appointed Dino Sura as global CEO, as founder Misha Zelman steps back into a non-executive director role
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NewsCornish Bakery achieves record summer
The independent bakery chain has delivered 24% total sales growth year-on-year, along with 8% like-for-like growth as it continues to grow its pipeline
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InterviewsSteady growth ahead for itsu
CEO Clive Schlee and CFO Greg Thorp speak to MCA as the retail and grocery group gears up for another record year, with revenue set to surpass £200m in 2025
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NewsAdnams reduces debt to £11.7m as turnaround progresses
The pub operator and brewer expects debt to fall further to around £8m by the end of September, supported by the disposal of non-trading assets and a small number of pubs
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NewsTasty growth strategy receives shareholder approval
The casual dining operator has a strong pipeline of potential acquisition opportunities ahead, according to proposed executive chairman David Page
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NewsActivist investor urges Domino’s to halt acquisition plans
Browning West, one of the company’s largest shareholders with a 5% stake, wrote to the board of Domino’s urging it to return £100m to shareholders
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NewsSix by Nico crowdfund raises £2.5m
The funds will be used to support the opening of Six by Nico’s new flagship location in London’s Covent Garden, as well as reduce debt to help fuel growth and strengthen the group’s financial position
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NewsKuvi Hospitality appoints CEO
The investment platform, which aims to bring the best US brands to international markets, has appointed Shereen Ritchie as chief executive
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NewsRedCat Q1 growth driven by rooms and refurbishments
The group, which operates 36 pubs across the UK, said its accommodation business continued to outperform, with room sales up 8% on a like-for-like basis to £9.5m
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NewsThe Breakfast Club stays resilient
The cafe group achieved £18m turnover in FY25, while opening two new sites in London’s West End and closing its Canary Wharf location
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NewsKokoro committed to expanding UK presence
The Korean-Japanese QSR concept reported turnover of £36m in its latest accounts for the 15 months from 1 June 2023 to 31 August 2024, with profit after tax of £2.65m.
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NewsDomino’s launches share buy-back programme
The listed pizza group is looking to purchase £20m in shares to reduce its share capital and generate returns for shareholders
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NewsXP Factory sees ‘continued positive momentum’
Despite a challenging first quarter posing operational challenges, the operator of Escape Hunt and Boom Battle Bar is “cautiously optimsitic” about meeting market expectations
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NewsCubitt House grows sales by 7% in 2025
The premium pub, restaurant and hotel group, which is backed by TDR Capital, remains ahead of budget EBITDA for the 30-week period
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NewsRobinsons Brewery achieves record turnover
The Northwest brewer and pub operator neared turnover of £100m in 2024, with continued investment in its estate contributing to sales growth