All Finance articles – Page 15
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NewsWendy’s reports sales dip, updates full-year outlook
The American QSR chain is the latest to report a sales decline due to economic uncertainty, and has changed expectations to reflect the challenging consumer environment
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NewsOakNorth backs Loungers growth with £30m
The funding will help accelerate Loungers’ site rollout strategy, with plans to open more than 30 new venues annually across the UK
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InterviewsYoung’s: ‘We are achieving volume and value growth’
Investment in the pub company’s estate is driving like-for-like sales growth, with volumes up and momentum continuing into the new financial year, CEO Simon Dodd tells MCA.
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NewsMowgli remains committed to further investment
The Indian restaurant chain - now part of the Arcturus Group with Rosa’s Thai and Pho - grew sales by 31% to reach £40.5m
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NewsWingstop: UK acquisition demonstrates ‘industry-leading returns’
The global business is seeking similar investments, having reinvested $75.4m into the newly formed entity after Sixth Street’s acquisition of Wingstop UK
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NewsGreene King delivers revenue growth across all four divisions
Group revenue increased by 3.2%, with the pub operator attributing the performance to record Christmas bookings and strong demand from events such as the 2024 Men’s Euros
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NewsStarbucks Q2 results ‘far from potential’
The coffee giant saw global comparable sales continue to decline, albeit CEO Brian Niccol reiterated the ‘Back to Starbucks’ plan is the right strategy to turn the business around
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NewsLucky Voice for Business reports strong like-for-likes
The karaoke concept has seen a 31% rise in like-for-like revenue contributed by its B2B arm over the past 12 months
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NewsPrezzo teases new name ahead of strong Q1
CMO Mark McCulloch revealed the plans in a LinkedIn post, teasing: “An Italian icon is about to have a makeover…New name, same passion”
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NewsDeliveroo minded to accept DoorDash offer
The prospective takeover by a larger American rival would be worth £2.7bn, valuing the company at 180 pence per share
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Weekend PressBidding war for Deliveroo? There could be appetite
The US firm DoorDash’s £2.7 billion swoop for the delivery company late on Friday may prompt Amazon, Prosus and Meituan to consider rival bids, The Times reports
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NewsLeaders call to reinstate tax-free shopping amid tourist slowdown
The “tourist tax” continues to be a point of concern for operators ahead of what some are calling a potential “summer of discontent”
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OpinionCelebrities in the driving seat
With F1 racing champion Fernando Alonso acquiring a meaningful stake in Sticks ‘n’ Sushi, MCA columnist Dominic Walsh digests the backstory to the deal, and questions whether the mechanics of hospitality businesses should really be left to the professionals.
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NewsNew wave of government costs puts hospitality recovery at risk
The UK hospitality market saw marginal outlet growth over the past year, but stability is under threat, according to the latest CGA by NIQ report
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NewsF1 champion Alonso buys stake in Sticks ‘n’ Sushi
The Spanish Formula 1 driver is understood to have secured a stake of more than 20% in the Danish-Japanese restaurant group, becoming one of five co-investors, alongside private equity backers McWin.
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Weekend PressMeatliquor founder: Tax raid has made running my business ‘a struggle’
Meatliquor founder Scott Collins says red tape and levies dampen ‘passion and potential’, The Telegraph’s senior business reporter Daniel Woolfson writes,
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NewsDeliveroo reports accelerating order growth and strong start to 2025
Deliveroo has reported a strong Q1 2025 performance, with 7% year-on-year order growth and a 9% increase in gross transaction value
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NewsStonegate delivers £1.7bn revenue
The 4,370-strong pub company said sales were favourable compared to the prior year, demonstrating the “resilience of its high-quality pub portfolio”
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NewsTim Hortons turnover surpasses £100m
The Canadian coffee and QSR chain achieved £105.4m turnover for its UK business in 2023, and plans to focus on driving profitability
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NewsBig Mamma Group achieves £44m sales from five venues
The group’s London restaurants - Gloria, Circolo Popolare, Ave Mario, Jacuzzi, and Carlotta - all performed ahead of expectations, with new concept Barbarella to open this June