All Finance articles – Page 21
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NewsInflation expected to have reached 10.2%
The latest figures, to be published by the Office for National Statistics on Wednesday, will put pressure on the Bank of England to recommend a further interest rate rise later this month
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NewsHeineken buys remaining shares in Beavertown
As part of the agreement, founder Logan Plant will step down as CEO and take on a new advisory role, with Jochen Van Esch becoming managing director
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NewsTRG reports slow recovery
The Wagamama and Barburrito operator reported like-for-like sales up 4% on 2019 and profit before tax of £10.2m, up from a 2021 loss of £19.9m
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NewsVegan meat producer raises £62m investment
Swiss-based Planted is being backed by L Catterton, the private equity division of LVMH, known for Louis Vuitton, Moët, Hennessy and Dior.
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NewsYO! operator reports record performance in 2021
Snowfox Group, the operator of YO! Sushi, announced UK turnover rose from £61m in FY20 to £101.8m in 2021
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NewsIndividual Restaurants reports loss in 2021
The operator of the Piccolino, Riva Blue, and Restaurant Bar & Grill brands reported a loss of £8.2m for the financial year ending 27 March 2022
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InterviewsBrakspear: ‘We are back in survival mode’
The 120-strong pub operator may still be seeing good levels of trade, but the focus now is on keeping costs in check in order to ride out the storm of cost pressures, CEO Tom Davies has told MCA
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NewsPatty & Bun reduces losses in 2021
The burger brand has appointed former itsu CEO and Pret franchise director Gerard Loughran as a non-executive director
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NewsNightcap agrees new debt refinancing facility
The owner of the Adventure Bar Group, Barrio Familia, and The Cocktail Club has agreed a £10m facility with HSBC, partly to be used for capex on new sites
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NewsWendy’s rolls back on UK growth targets
Wendy’s is now expecting to have 35 UK restaurants open by the end of 2022 – down from the 50 to 60 previously spoken about – but is still bullish about the market.
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NewsBone Daddies secures new loan facilities
The operator of the Bone Daddies ramen chain and Flesh & Buns will fund new capex with Investec loan facilities secured in June
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NewsDeliveroo growth slows amidst headwinds
The delivery company reported gross transaction value up by 8% in the UK and Ireland but a slowdown in growth in the second quarter, in its half year update
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NewsKFC UK reports quarterly sales decline
In a financial update, Yum! Brands reported a quarterly sales decline of 8% at KFC UK & Ireland, and a 1% decline in the year to date
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NewsNightcap revenues soar beyond pre-pandemic levels
In its year-end trading update, the Adventure Bar group and Barrio Familia owner reported a 73.2% revenue increase in Q4 of FY2022, compared to 2019
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NewsD&D revenues yet to return to pre-Covid levels
The restaurant group said revenues in the UK were at 91% of pre-Covid levels but that the business was well placed to “significantly scale up” in the UK and overseas
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NewsShepherd Neame acquires three Essex pubs
Bellhouse in Leigh-on-Sea, The Exchange in Southend-on-Sea and The Hamlet Court in Westcliff-on-Sea were part of the East Anglia Pub Company portfolio
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NewsDiageo sales driven by premiumisation trends
The beverage producer reported strong sales and profit growth in its preliminary results, driven by premium brands and spirit sales
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InterviewsTriSpan: ‘Thunderbird is in a good place’
Robin Rowland admits it was “a steep learning curve” with the fried chicken brand, but a wider rollout is not far off, he tells MCA
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NewsMarston’s lfl sales down 2% on 2019
In its third quarter update, the pub operator reported growing drink sales but weakening food sales in the last four weeks to 23 July, due to the recent heatwave.
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Analysis & InsightEBITDA margins increase for operators
Average margins across bars and restaurant have increased to 15% over the past 12 months, according to a new report by Shaw & Co