All Finance articles – Page 26
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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
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NewsPopeyes UK secures new £43m banking facilities
Alongside its existing support from owner TDR Capital, the new facilities give the QSR brand the flexibility to execute its plan to open around 45 restaurants this year.
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NewsPret owner explores new investors ahead of possible IPO
The European investment group, which acquired Pret for £1.5bn in 2018, has engaged advisers to explore options including a stake sale, people familiar with the matter told the FT
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NewsRemarkable Pubs reports lower profits but remains ‘in a very healthy state’
While lfl sales improved across most sites, profit before tax fell to £1.16m, down from £1.64m the prior year, which the 11-strong operator attributed to rising costs of sales and overheads
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NewsMcMullen’s profit tops £16m as retail division drives growth
Turnover at the group’s 115 managed pubs reached £115m, up 8.1% year on year, with gains supported by price increases, strategic investments and site acquisitions
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NewsPatisserie Valerie owner narrows losses
The bakery business reported turnover of £20.3m, down 20% year-on-year, reflecting a strategic restructuring of its retail estate and a shift towards profitable growth
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Analysis & InsightGDK and True deal typifies renewed confidence in sector M&A
The recent deal adds to a growing crop of M&A transactions in the hospitality sector this year, with the partnership between GDK and True destined to offer more than just a boost to estate numbers, as MCA discovers
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NewsOne third of hospitality businesses now operating at a loss
A joint survey of pubs, bars, restaurants, and hotels found the number of operators making a loss had risen by 11% on the previous quarter
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NewsUK business confidence hits nine-month high as global trade tensions ease
The uplift was attributed to a recovery in global financial markets following President Trump’s decision to pause key tariff measures until July
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NewsMission Mars reports 31% group revenue growth
The Albert’s Schloss and Rudy’s Pizza operator achieved £92.9m revenue in FY24, with both brands continuing to break records in FY25
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NewsEaster sun lifts pub sales as restaurants and bars lag behind
Managed pub groups across the UK enjoyed a bumper April, with like-for-like sales up 9.1% year-on-year, according to the latest CGA RSM Hospitality Business Tracker
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Weekend PressParkdean eyes £250m fundraiser to cash in on staycations boom
Holiday park operator plans to invest a further £37 million in upgrading facilities and accommodation, The Times reports