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All Finance articles – Page 2
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NewsBlack Sheep Brewery to appoint administrators
The North Yorkshire brewer and pub operator has been unable to secure new investment after being hit hard by the pandemic and rising costs
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InterviewsNick Mackenzie: We don’t need more acquisitions to improve food
The Greene King CEO hailed a solid financial performance against a very difficult backdrop, with profits up and customers returning to pubs
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NewsDeliveroo ‘particularly pleased’ with UK performance
Q1 revenues and gross transaction value (GTV) were in growth, but order numbers decreased year-on-year
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InterviewsCity Pub Group gears up for economic uptick
The premium pub company sees “good opportunities” in the market for pub acquisitions, but is primarily focussed on organic growth within the existing estate, CFO Holly Elliott tells MCA
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NewsOakman benefiting from Chef Academy
The group said it now has the necessary employee resources to continue its growth plans thanks to the development of its Academy, with a Level 2 course due to launch later this spring.
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NewsTasty selling two sites, considering further closures
The group is also considering converting further Wildwood restaurants to its dim t brand following a successful rebrand in Loughton
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InterviewsAndy Hornby: ‘Pressure from Oasis has no bearing on TRG’s strategic plan’
CEO Andy Hornby tells MCA the strategic plans announced yesterday were “entirely grown from within” and not in response to shareholder disquiet
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NewsStonegate launches Pub Partners platform as part of £10m investment
The new platform will offer publicans ideas and advice on how to grow sales, reduce operating costs and run a successful business.
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NewsOnline talent platform secures £29m in funding
Brigad raised a Series B round, led by Balderton Capital, in order to accelerate its growth in the hospitality sector across the UK and Continental Europe.
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NewsMegan’s to open six sites this year
The all-day dining concept is set to deliver £26m of revenue in FY2023, with recent trading described as “exceptionally strong”
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OpinionM&A: Will 2023 prove to be a game of two halves?
Corporate finance specialists Graeme Smith and Craig Rachel from AlixPartners assess the landscape for M&A activity this year and believe there is room for optimism
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NewsMcDonald’s Raise the Arches campaign hits the right note
Recently launched in the UK, the marketing campaign – which never mentions the brand name – has been driving customer engagement
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NewsWagamama appoints new CFO
Matt Crumpler is due to join the Asian restaurant brand next month from his role as FD at The Restaurant Group
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NewsWhitbread reports continued trading momentum
The Premier Inn operator saw F&B sales remained down on pre-pandemic levels, despite strong like-for-like sales growth in Q3 FY23
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NewsMitchells & Butlers sees festive trading up on pre-pandemic levels
The Harvester and All Bar One operator saw like-for-like sales up by 8.9% in the 15 weeks to 7 January, compared to the same period in 2019
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NewsInception Group posts return to profit
The experiential venue operator of Mr Fogg’s and Control Room B saw revenues bounce back to £12.7m in the year to December 2021
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsPunch Pubs revenue recovers
The pub operator has reported a revenue of £284.4m and a loss after tax of £3.1m for the year ended 14 August 2022
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NewsTortilla stays resilient through 2022
Tortilla has reported group revenue of £57.7m for FY22, with Q4 like-for-like revenue growth 16% up vs FY19 despite challenging trading conditions
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NewsSukho Group reports post-pandemic bounceback
The multibrand restaurant group, comprising Zaap Thai and Sukho Thai, has reported £13.5m in sales for the year ending March 2022