All Finance articles – Page 2
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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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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
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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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NewsPuttshack and Topgolf founders to launch new venture
Poolhouse – the new competitive socialising concept from the Joliffe brothers – has secured $34m in funding from investors, with the first site to open near London Liverpool Street station later this year.
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NewsRate cuts could offer UK businesses relief from tariffs
Interest rate cuts could ease some pressure as UK businesses navigate new tariff challenges, according to AJ Bell
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NewsSimmons younger customers hit by cost of living pressures
The bars group has reported resilient trading across its mostly London estate, with headwinds now showing “signs of softening” as trading picks up
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NewsYard Sale Pizza secures investment from Piper
The London neighbourhood pizza delivery brand plans to supercharge expansion in London and new cities across the UK, with a goal of reaching 40 shops over the next five years, MCA can reveal
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Weekend PressLow-paid workers to bear the brunt of coming rise in UK labour costs
More than 100 Pizza Hut delivery drivers for Scotland’s biggest takeaway franchisee were called to an emergency meeting, writes the FT
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InterviewsCaravan: ‘This is all down to us now’
CEO Laura Harper-Hinton speaks to MCA following the restaurant group’s management buy-out, which she says has enabled the team to “refocus on what we’re up to”
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Analysis & InsightSpring Budget: Warning over growing cost pressures amid lack of targeted support
Hospitality leaders have voiced concern following the Spring Budget, which did not include support for the sector despite calls for relief on business rates and employer NICs
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NewsFever-Tree reports FY24 growth with on-trade recovery
The mixer brand has reaffirmed its commitment to hospitality and on-trade partnerships as it posted improved performance in the UK
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NewsDeliveroo achieves profit milestone
The delivery company achieved a full year of profit for the first time of £3m in 2024, compared to £32m loss in 2023
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NewsLandmark Brighton venues acquired
Concorde 2 and Volks, which specialise in live music and late night events, have been acquired by independent music company All Things Considered
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NewsOperators turn to promotions and tech to drive growth
Hospitality businesses are focusing on seasonal promotions, events, and special offers to maximise bookings and offset rising costs in 2025, according to ResDiary