All Finance articles – Page 20
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NewsTortilla undergoes debt financing; CFO to step down
The fast casual Mexican chain has entered a new financing agreement with its banking partner Santander, which extends its current debt facilities from £10m to £12.5m. Separately, CFO Maria Denny will step down in September
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NewsHeartwood: ‘We continue to invest as others cut back’
The operator of Heartwood Inns pubs and Brasserie Blanc restaurants has reported a 12.6% increase in revenue to £67.9m for the year ended 30 June 2024, with site EBITDA rising to £11.7m
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NewsStar Pubs to invest £4.5m in outside spaces
Around 88 pubs will benefit from improved gardens this year, with a quarter of these being themed to Heineken brands – and 83 pub buildings will be revamped on the outside to boost their kerb appeal.
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NewsBadiani to launch crowdfunding campaign
The Italian gelato shop operator, which has 14 UK sites, is to launch a crowdfunding campaign on Crowdcube as it looks to scale internationally.
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![Bar + Block interiors[78]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/8/2/6/361826_barblockinteriors78_101429.jpg)
NewsWhitbread F&B sales drop 16% in Q1
The Beefeater, Brewers Fayre, and Bar+Block operator said the numbers were in line with expectations as it continues to rationalise its restaurant estate
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NewsOle & Steen UK delivers double-digit EBITDA growth
For the year ending 31 December 2024, UK revenue rose to £36.6m, up from £34.8m in 2023. EBITDA reached £4.8m, with strong trading in Q4 driving +17% like-for-like sales growth
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NewsBusaba Eathai files notice to appoint administrators
It comes as the Alan Yau-founded restaurant concept closes London restaurants in Bloomsbury and Kingston, leaving it with an estate of six sites
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NewsSt Austell Brewery overcomes challenges to deliver sales and profit growth
The South West brewer and pub operator reports record turnover and EBITDA growth, as it unveils its first significant rebrand in 70 years
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NewsDeliveroo shareholders agree takeover by DoorDash
The shareholders have voted overwhelmingly in favour of the takeover announced on 6 May
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NewsF&B inflation rises again in April
Hospitality F&B prices continued their upward trend in April, with costs rising 2.3% YoY and 0.6% month-on-month, according to the latest CGA by NIQ and Prestige Purchasing Foodservice Price Index
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NewsUK net migration set to fall, fuelling labour shortage concerns
UK net migration is expected to fall to 200,000 in 2026, raising the risk of labour shortages in key sectors including hospitality, retail and care, according to the government’s independent Migration Advisory Committee
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NewsSpending review offers mixed signals for hospitality
Sector leaders have warned that the Government’s 2025 Spending Review offers only limited immediate support for the UK’s hospitality and night-time economy
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InterviewsFuller's Simon Emeny: ‘Leadership changes mirror 2007 move’
Emeny says the leadership changes announced yesterday had been “worked on for a number of years,” and that he will be combining the role of chairman and chief executive
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NewsSushiDog secures £1.3m investment to drive national rollout
The QSR sushi chain has secured a further £1.3m from long-term backer Middleton Enterprises to accelerate its UK expansion, with a goal of reaching 40 sites over the next five years
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NewsWadworth grows profit and managed pub sales
The brewer and pub operator has reported a 17% increase in EBITDA to £5.4m for the year to 4 January 2025, alongside strong growth in its managed estate and own-brewed beer sales
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NewsInsomnia Cookies to scale to 1,800 openings per year
Krispy Kreme has sold its remaining stake in the late night cookie concept to Mistral Equity Partners and Verlinvest, in a transaction which will accelerate Insomnia’s growth
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NewsRobust trading and estate management drives returns for Fuller’s
The pub company achieved like-for-like growth across food, drink, and accommodation, and further announced Simon Emeny will become executive chairman next month
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NewsGusto appoints advisors for strategic review
The Palatine-backed Italian restaurant group is understood to be working with Interpath as it seeks to secure additional investment to drive the business forward
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NewsThai Leisure Group reports strong profit growth
The operator of Chaophraya and Thaikhun has reported a significant increase in profit despite a challenging trading environment, as it continues to focus on operational resilience and brand strength
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NewsHospitality spend grows ahead of general slowdown
UK consumer card spending on hospitality and leisure spend rose 3.3% in May, above overall spending growth, according to the latest Barclays Consumer Spend report