All Finance articles – Page 17
-
NewsPunch Pubs reports strong trading and profit growth
The pub company remains on track to reach an adjusted run-rate EBITDA of £99.8m, with all three divisions delivering like-for-like growth
-
NewsHospitality spending grows despite consumer caution
Pubs, bars & clubs, and restaurants recorded 2.6% year-on-year growth in January, according to the latest Barclays Consumer Spend report
-
InterviewsLoungers deal ends years of frustration over share price
Management did “all we could” to boost the Lounge and Cosy Club operator’s standing on the public markets, but in the end its ‘take private’ deal with Fortress offered the best result for shareholders, chairman Alex Reilley tells MCA
-
NewsDRG posts record turnover as it prepares for UK expansion
Scottish restaurant operator Di Maggio’s Restaurant Group (DRG) has posted a record turnover of £49.52m for the year ending April 2024, up £3.68m year-on-year
-
NewsNightcap acquires Brighton i360 viewing tower
The Sarah Willingham-led late night group will operate the viewing tower and hospitality areas of the attraction, in a “fresh start” for the i360
-
NewsWagamama issues £330m in senior debt
As part of a refinancing and new capital structure, The Restaurant Group has been split up into three separate divisions. A source said there were no imminent plans to break up the group
-
![One Berkeley Street - GAIA Nyx[2]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/1/6/2/348162_oneberkeleystreetgaianyx2_399206.jpg)
Weekend PressLuxury Dubai restaurant chain eyes London float
Fundamental Hospitality, founded by chairman Evgeny Kuzin, is in the early stages of gearing up to go public, This is Money reports.
-
Weekend PressDiageo looks for a new lease of life as sales go flat
As half-year results loom, the drinks giant’s shares are at a five-year low. Can new leadership and cost-cutting measures revive fortunes? The Times reports
-
NewsHotel Chocolat’s cafés boost growth
The premium chocolatier’s Velvetiser Café format recorded a 33% year-on-year sales increase
-
NewsTasty reports challenging trading amid restructuring efforts
The operator of Wildwood and dim.t reported a difficult second half of 2024 as the group grappled with declining consumer confidence, reduced spending, inflation and rising labour expenses
-
NewsDrake & Morgan outperforms market over Christmas
The group reported 14.7% like-for-like sales growth over the five-week festive period
-
NewsKnoops appoints former Hotel Chocolat chair as non-exec director
The chocolate drinks brand, which achieved 22% like-for-like sales growth over the five-week Christmas period, has appointed Andrew Gerrie to its board
-
Analysis & InsightNICs changes to hit hospitality hardest
New analysis from UKHospitality has revealed that 774,000 workers in the hospitality sector will be newly eligible for employer national insurance contributions (NICs) starting in April 2024
-
NewsEsquires lines up six more coffee shops
Cooks Coffee Company hopes to have 100 stores operating by the end of 2025, up from its current 87
-
NewsPizza Hut Restaurants acquired in pre-pack
The future of the pizza brand’s dine-in business has been secured after it was acquired by investment firm Directional Capital, with all but one of the franchise’s 142 sites expected to remain open
-
NewsYoung’s trades ‘exceptionally well’ over Christmas
The premium pub operator reported managed like-for-like sales up 11.6% over for the five-week festive period
-
NewsCarlsberg’s £3.3bn Britvic takeover approved by High Court
The Danish brewery plans to create a single integrated drinks business called Carlsberg Britvic following the takeover
-
NewsFortress tables increased and final offer for Loungers
Fortress Investment Group (UK) has increased its cash offer for Loungers, from 310p to 325p per share, which has been deemed “fair and reasonable” and in the best interests of the business and its shareholders.
-
NewsSix by Nico posts record results amid rapid expansion
The company invested £8.3m in expanding its portfolio, opening seven Six by Nico locations across the UK and Ireland in 2024, with a new site in Bristol slated to open next month
-
NewsEG on the Move acquires 100 Applegreen fourcourts
Zuber Issa’s petrol fourcourts group is set to treble in size following the deal, which includes 40 foodservice concessions