All Finance articles – Page 2
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News‘Precious little breathing space’ for hospitality businesses as insolvency numbers jump 10% in Q2
The latest Buchler Phillips Hospitality Index shows the number of monthly hospitality insolvencies has remained consistently over 260 so far this year
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NewsClassic Lodges reports £2m loss as costs hit
The family-owned hotel group with nine locations in the UK has reported a significant loss this year, but insists it has strong base for further growth
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NewsStrathmore Hotels enters administration
The operator behind one of Scotland’s oldest hotels, The Salutation Hotel in Perth, has faced continued trading and credit pressures.
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NewsThe Fat Duck owner grows turnover and narrows losses
The parent company of Heston Blumenthal’s The Fat Duck restaurant in Berkshire saw its post-tax losses fall by nearly 20% in FY25
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NewsDomino’s sees ‘strong’ trading momentum in H1
The pizza delivery group has reported a 6.1% increase in system sales, to £825.3m, for the first half of the year, with like-for-like sales growth driven by both pizza and its more recently launched Chick ‘N’ Dip range.
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NewsJersey Mike’s ‘looking at the long term’ after IPO
The US sandwich chain, which has made a $1bn launch on the New York Stock Exchange, is planning 400 sites in the UK & Ireland as part of a franchise agreement with its founder Peter Cancro
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NewsWasabi grows sales past £130m despite pressure from labour costs
The sushi and bento operator increased turnover by 3.2% as new openings and growth in grocery helped offset rising labour cost pressures and softer consumer spending
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NewsKFC UK & Ireland delivers 8% like-for-like sales in Q2
The fried chicken chain’s UK & Ireland business achieved its highest sales week with its Pickle Mania LTO, while Taco Bell UK has boosted sales with the launch of new drinks range Baja Blast
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InterviewsSourdough Sophia close to £1m fundraise target
The neighbourhood bakery will open its seventh site – and first in central London – tomorrow with the business currently exploring locations in the south and west of the capital, co-founder and CEO Sophia Handschuh tells MCA.
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NewsTonkotsu achieves +11% increase in turnover
Ramen restaurant group Tonkotsu said its strong revenue growth was supported by new locations, an updated menu design, and price optimisation, with up to four additional sites planned over the next two years.
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NewsBanana Tree sees boost from new Cardiff flagship
The Big Table Group-owned South-East Asia restaurant saw its first site in Wales perfom “exceptionally well”, however the impact of cost pressures and consumer confidence resulted in a loss before tax in 2025
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Analysis & InsightRapid churn of closures and openings sees number of hospitality outlets hold steady in Q2
The latest Hospitality Market Monitor highlights particularly significant churn in the bar sector and shows that Britain’s city centres remain resilient despite the sector’s challenges
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NewsWhitbread appoints new non-executive director
Mark Allan, CEO at Land Securities Group, begins his role on 1 October 2026 and will also join the audit committee and nomination committee.
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NewsJulio Santoyo steps down as Leon MD after two months
Santoyo left his role as director of UK operations at Pret to join Leon in May 2025, but has stepped down after less than two months
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NewsPoolhouse raises $55m in new funding round
Led by Bluestone Equity Partners, the financing values the startup at more than $100m and will fund international expansion, The New York Times reports
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NewsWetherspoons hoping for World Cup boost to offset consumer pressure
Wetherspoons is expected to report further sales growth when it provides a fourth quarter trading update on Wednesday, The Standard reports
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NewsHospitality insolvencies decline as World Cup and warm weather boost trading
RSM reports that the combination of summer sun and major sporting events has given the hospitality industry ‘an important lifeline’ with insolvencies across the sector down 15% month-on-month
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NewsCustomer growth drives record turnover for Ole & Steen
The Danish bakery and coffeehouse group, which operates 26 sites in the UK, achieved 7.1% customer growth last year, leading to a 10.3% increase in like-for-like sales
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NewsJW Lees achieves record financial performance
The 138-strong brewer and pub operator saw sales surpass £100m in the year to 31 March, with record profit before tax of £8.8m
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NewsTurtle Bay secures creditor approval for CVA
The Caribbean-inspired restaurant group has closed four sites in Solihull, Walthamstow, York, and Middlesborough, albeit the majority of sites are unaffected