All Finance articles – Page 12
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NewsGreggs: ‘We continue to reassure our investors’
Commenting on pressure from activist investors to cut costs in order to avoid a potential private equity takeover, Greggs’ CEO Roisin Currie told MCA it is already focused on efficiencies and is in “good dialogue” with its investors
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NewsGovernment set to announce U-turn on business rates hikes
After weeks of mounting pressure from industry groups and MPs, it is understood the Chancellor is looking at how to offer additional financial support to pubs facing huke increases in their business rates bills
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NewsHospitality warned not to protest over business rates hike as cabinet revolt brews
The government has reportedly been warning businesses not to protest over the changes if they want to get any concessions amid ‘ongoing cabinet-level opposition’ to the hike
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NewsScottish hospitality warns rates rise will serve as ‘closure notice’ to country’s high streets
The Scottish Hospitality Group has described the latest non-domestic rates revaluation as ‘totally disconnected from the trading reality’
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Analysis & InsightDoes there need to be a rethink in how the hospitality sector lobbies the government?
Successively damaging budgets have left some operators calling for an alternative approach to how the sector and its trade representatives engage with government
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NewsIndividual Restaurants reports loss; makes senior team promotions
The owner and operators of Piccolino, Restaurant Bar & Grill, Riva Blu and Forbici, reported a loss after tax of £10.5m for the 52-weeks ended 30 March 2025, despite increasing like-for-like sales over the period.
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NewsPunch Pubs reports EBITDA uplift
The pub company achieved revenue for the period of £337.9m, compared to £323.5m in FY2023/24, with growth largely driven by the further conversion of pubs from its L&T model to its Pub Partnerships business.
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NewsGordon Ramsay Restaurants appoints CFO
Nick Allen was previously group CFO at Holland & Barrett and CFO at Starbucks EMEA
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NewsUK hits ‘peak Costa’ as chain’s losses double
The high street coffee chain suffered its worst performance since 2021 amid pressure from cut-price rivals
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NewsRevolution Bars owner plots swift sale as cash crisis deepens
Neos Hospitality is among the parties which are said to have expressed interest in buying some of The Revel Collective’s assets as shareholders face being left empty-handed, Sky News reports
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NewsJW Lees achieves strong retail sales growth in year to date
The seventh-generation family brewer and pub operator achieved a +10.8% increase in retail sales in the 38 weeks from April 2025, on the back of this year’s hot summer.
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News92 Degrees due to hit £10m turnover
The independent coffee shop and roastery business is expecting to hit the £10m mark in early 2026 and has plans to open multiple franchise locations next year.
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NewsYard Sale Pizza turnover jumps 22%
The pizza delivery business, which was acquired by Piper earlier this year, grew turnover to £13.2m as it pursues an accelerated growth strategy
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NewsTGI Fridays UK files second notice of intention to appoint administrators
The news comes after the group filed its first notice as recently as 9 December, days after global brand manager Sugarloaf brought in Interpath to explore strategic options
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NewsPremier Inn owner Whitbread under pressure to split its business
Corvex Management has disclosed a 6% stake in Whitbread and called for a strategic review of the FTSE 100 company
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NewsGerman Doner Kebab delivers £179m sales
Parent company Hero Brands said it continued to invest in its F&B portfolio, with plans for further growth across the UK as well as new regions
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NewsHospitality urges FCA to extend business insurance claims window by two years
Law firm Stewarts warns that thousands of hospitality businesses remain significantly out of pocket more than five years after the Covid-19 pandemic forced venues across the country to close
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NewsOttolenghi looks to further international expansion
The omnichannel restaurant group reported turnover of £36.6m for FY25, with a strong pipeline of both retail and overseas opportunities in place
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NewsGravity right-sizes debt obligations through CVA
The leisure and fitness activity park operator has secured approval from creditors for a company voluntary arrangement (CVA) proposal having been impacted by rising costs and soft consumer spending
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NewsMichael Kill: ‘The Treasury have got the modelling completely wrong for revaluations’
The NTIA is questioning what checks on business rates the government carried out before the budget with its CEO telling MCA he believes the matter of revaluations will be readdressed