Finance – Page 7
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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
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NewsRekom UK to undergo restructure
The late night operator has filed a Notice of Intention (NoI) to appoint administrators, as cost-of-living pressures continue to impact its core young adult and student customer base
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NewsDrake & Morgan delivers record Christmas
Like-for-like sales were up 31.7% against the same period in 2022 at the 17-strong premium bar and restaurant group
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NewsNoble Hospitality unveils expansion roadmap
The group behind Angus Steakhouse, Chotto Matte, Steak and Company, and Alley Cats Pizza has appointed Paul Sarlas as CEO
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NewsLaine Pub Company delivers ‘credible’ performance
Despite the impact of challenging trading conditions, the 56-strong pub operator reported a rise in revenue to £52.7m in the year to August 2023
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NewsCooks Coffee reports robust sales growth
The Esquires operator saw UK store sales grow 18.6% to £17.5m in 2023 (2022: £14.7m)
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NewsTDR Capital takes control of Popeyes
The investor, which also backs Stonegate Group and EG Group, has increased its shareholding of Popeyes UK, taking over from Ring International Holdings, which is now a minority investor
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NewsD&D London: Diverse portfolio shows ‘remarkable resilience’
Compared to the 2022 festive season, the group experienced “healthy growth” in overall revenue and EBITDA, both of which exceeded the prior year and budget
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NewsInnovation drives success for The Alchemist
The bar operator reported £59.4m in revenue as it continues to focus on new openings in the UK and overseas, while expanding further in the retail space
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NewsArc Inspirations toasts record December
The premium bar operator reported like-for-like sales in December 2023 were up 19.9% compared to 2022, as it prepares to debut in Edinburgh while eyeing launches in London, Cardiff, and Liverpool this year
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NewsWhitbread F&B sales up 6%
Total F&B sales stood at £582.9m in the year to date for the Beefeater operator, with like-for-likes up 6% as the category continues to “perform well”
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NewsThe Coconut Tree launches crowdfund for London openings
The Sri Lankan restaurant group is raising £1m to take the brand to the capital, with plans to open two new sites
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NewsBoparan sees ‘significant potential’ for Slim Chickens
The group also said its brands Gourmet Burger Kitchen, Giraffe, and Carluccio’s all offer long-term growth potential, with GBK and Slim Chickens reporting £49.5m in revenue
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NewsState of Play delivers ‘pivotal year’
The Hijingo, Bounce and Flight Club USA operator doubled revenue to reach £35.3m in the year to March 2023, and plans to double its estate in 2024
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NewsNightcap reports record Christmas trading
The bar operator reported its largest monthly earnings in its nearly three-year history since IPO, with revenue of £7.4m for the four weeks ended 31 December 2023
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NewsGreggs plans 140-160 new shops in 2024
The bakery brand reported a strong 2023, growing sales by 20% to reach £1.8bn, and more favourable Christmas trading than recent years