All Finance articles – Page 29
-
NewsBills posts £9.1m loss for 2018; lfls boost following refurb programme
Bills Restaurants made a £9.11m loss last year – but has retuned to above market like-for-like sales growth across its estate following a major refurbishment programme, MCA can reveal.
-
NewsLoungers lfls up 5.4%; four new openings in October
Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.
-
NewsD&D reports improved autumn trading and regional strength
D&D London has reported like for like sales growth of 4%, as it commits to further projects in its home market, as well as growth in the US.
-
NewsMarston’s wet-led pubs ‘lead the charge’
Wet-led pubs “led the charge” at Marston’s, with its Taverns business achieving like-for-like sales growth of 1.9% for the year ended 28 September 2019, including 5.4% in the last 10 weeks.
-
OpinionAlixPartners: Cause for cautious optimism
The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith
-
NewsBlack Sheep Coffee posts losses of £5.3m
Black Sheep coffee made losses of £5.3m in 2018, an increase from £2.8m in 2017, as the group invests in scaling up and adding new sites.
-
NewsArc Inspirations EBITDA up 15%
Arc Inspirations, the operator behind Banyan, BOX and Manahatta, has announced turnover increased 16.7% to £27.2m, up from £23.3m on the previous year.
-
NewsMcDonald’s turnover down amid franchise focus
McDonald’s UK saw turnover decrease in 2018 as its continued focus on franchising increasingly recognised incomes over sales.
-
NewsMOD Pizza UK reports £6.9m losses in 2018
MOD Pizza UK has reported losses of £6.9m in 2018 – following losses of £11m the previous year.
-
NewsYapster raises £2.6m
Yapster, a communications platform for hospitality workers, has raised just over £2.6m as the company looks to deliver on its ambitious growth plans for 2020 and beyond.
-
NewsThai Leisure Group CVA is approved
Thai Leisure Group has had its proposed Company Voluntary Arrangement approved by its creditors.
-
NewsKFC profits plunge after chicken crisis
KFC UK saw its turnover and profits plunge following its distribution crisis last year, but did not swing to a loss over all.
-
NewsPizzaExpress hires advisers for debt talks
PizzaExpress has hired financial adviser Houlihan Lokey to prepare for debt talks with its creditors amid continued tough trading conditions, Bloomberg reports.
-
NewsBrewdog bars lose £235k amid expansion drive
Brewdog’s bar division made a pre-tax loss of £235,000 in 2018 - up from £45,00 in 2017.
-
NewsAdministrators appointed at Bumpkin and Eclipse operator Ignite
Ignite, the premium West End operator which was once a favourite of Prince William and Prince Harry, has been taken into administration, MCA understands.
-
NewsSeafood Pub Company sees losses increase
Seafood Pub Company has reported a group loss after tax of £2.73m for the full-year to 31 December 2018, compared to a loss of £1.15m the previous year, after higher administrative expenses and cost of sales impacted profits.
-
NewsPrezzo made £29.7m loss in 2018 after CVA
Prezzo made an operating loss of £29.7m in 2018 following the CVA that saw it close nearly 100 restaurants.
-
NewsErpingham House hits 50% of £250k crowdfund
Erpingham House, the UK’s biggest vegan restaurant, has secured 50% of its crowdfunding target ahead of its public launch later this week.
-
NewsJamie’s profits plunge following restaurant collapse
Jamie Oliver has revealed the scale of the impact the collapse of his restaurant group had on his overall business interests. Pre-tax profits at his businesses, made up of Jamie Oliver Holdings, Jamie Oliver Licensing and Jamie’s Italian International, almost halved by 46%, from £14.4m to £7.8m. The business said its profits were “impacted by exceptional costs of £9.9m in the year related to the restaurant group.”
-
NewsSSP forecasts 1.8% lfls growth in Q4 2019
SSP Group expects like-for-like sales growth of approximately 1.8% in the fourth quarter of 2019, according to a pre close trading update.