Finance – Page 6
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NewsComptoir looks to the year ahead 'with confidence'
The Lebanese-inspired restaurant group expects to report revenue of approximately £31.5m for the 52-week period ending 31 December 2023
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NewsFuller’s like-for-likes up 11.5%
Sales during the five-week Christmas and New Year period were particularly strong, up 21.6% against the same period the prior year
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NewsWetherspoon continues to outperform market
Like-for-like sales were 15.2% up in December 2023, with double-digit growth in the 25 weeks to 21 January 2024
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NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
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NewsFlat Iron breaks December weekly records
Like-for-like sales were up 29.8% during the festive period, with nine of the steak restaurant group’s 14 sites breaking weekly records
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NewsCreams menu innovation delivers sales uplift
The dessert cafe chain reported record festive trading, with a 5.8% rise in like-for-like sales, citing the introduction of reimagined classics and hot desserts to its menu
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NewsMarston’s reports strong Christmas trading
The pub operator saw like-for-like sales growth of 8.1% for the 16-week period to 20 January, amid an improving outlook with inflationary headwinds abating
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NewsRockfish gears up for £3m fundraise
The South West seafood restaurant group is gearing up to resume new openings after a pause last year
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NewsPatty & Bun continues to look for growth opportunities
Following a CVA approved in October 2023, the burger brand’s neighbourhood sites and delivery sales continue to perform strongly, according to founder Joe Grossmann
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NewsHeartwood Collection increases turnover in “difficult market”
The pub and brasserie brand reported turnover of £60.3m in the year to June 2023, with considerable focus on preparing for expansion
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NewsDeliveroo reports ‘stabilisation’ of consumer behaviour
The UK & Ireland saw year-on-year growth of 7% in gross transaction value, while growth in orders stood at 1% as consumer behaviour stabilised
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NewsMegan’s reports most successful Christmas to date
The all-day restaurant group reported 19.3% like-for-like sales growth and has lined up four openings for this year, remaining on track to deliver £30m in revenue
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NewsShareholders approve City Pubs takeover
Shareholders voted in favour of the Young’s deal by 99.69%, which values City Pub Group at £162m
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NewsYoung’s Christmas like-for-likes up 7.2%
The premium pub group recorded several of its best ever trading weeks, with some of the highest daily sales in Young’s history
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NewsXP Factory doubles revenues for second year
The experiential leisure business, which operates the Escape Hunt and Boom Battle Bar brands, reported group turnover of circa £44.5m in the 12 months to 31 December 2023
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NewsJust Eat order numbers slide
The UK and Ireland saw 1% sales growth in 2023, while total orders were down 2% in the region for the delivery platform
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NewsM&B ‘well positioned’ to grow profitability and market share
Mitchells & Butlers has announced a strong trading performance over the festive season, with like-for-like sales growth of 7.7% in the year to date, increasing to 10.1% over the five key festive days
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NewsIndividual Restaurants posts £11.8m loss
The group, backed by the Iceland founding Walker and Dhaliwal families, blamed cost of living pressures for adversely impacting the premium dining market
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NewsHostmore makes progress in turnaround strategy
The group is continuing to engage existing and potential new lenders in the refinancing process, with December LFL trading up 4%
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NewsFlat Iron toasts record sales
The steakhouse concept took £35.9m in 2023, with openings planned for Hammersmith, Manchester and Victoria in 2024