All Finance articles – Page 3
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NewsVenue closures and subdued tourism knocks Hakkasan revenue
The luxury hospitality group saw the restaurant revenue of its UK-owned operations fall 20.3% in FY25
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OpinionThe complexities and considerations of an international expansion plan
From the importance of a brand’s portability and its route to market to demonstrable leadership backing, Vaibhav Juneja, principal of the foodservice team, McWin Capital Partners, discusses why cross border growth is not always the easy answer
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NewsBuzz Bingo attracts new generation of players
The company, formerly Gala Bingo, said that sales were boosted last year by investment in its 76-bingo hall estate to make it more appealing to a tech-savvy generation, with half of its 190,000 new customers under the age of 35.
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NewsGreene King upping investment in London pub estate
Thirty-nine of its sites in central London – “the core of the core” of its 2,500 estate – are to receive investment this year, Greene King CEO Nick Mackenzie has said.
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NewsChallenging economic conditions limits growth for Batemans
The Lincolnshire-based brewer and pub company saw turnover fall 3% with profits down 12% in the year to 31 January 2026
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NewsBritain’s largest restaurants see profits halve
The country’s largest companies, based on turnover, generated a combined profit of £204m as at July 2026 – a 44% decline, according to new analysis from accounts UHY Hacker Young.
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Weekend PressCoffee chain Blank Street raises funds from General Atlantic to fuel expansion and ice cream push
Latest fundraising values the six-year-old company at about $650m as it aims to be ‘daily luxury brand’, the FT reports
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NewsJoseph Holt looks to the future with ‘determined confidence’
The Manchester-based brewer and pub operator increased turnover by 3.2% to £78.3m last year with profits also up
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News‘Precious little breathing space’ for hospitality businesses as insolvency numbers jump 10% in Q2
The latest Buchler Phillips Hospitality Index shows the number of monthly hospitality insolvencies has remained consistently over 260 so far this year
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NewsClassic Lodges reports £2m loss as costs hit
The family-owned hotel group with nine locations in the UK has reported a significant loss this year, but insists it has strong base for further growth
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NewsStrathmore Hotels enters administration
The operator behind one of Scotland’s oldest hotels, The Salutation Hotel in Perth, has faced continued trading and credit pressures.
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NewsThe Fat Duck owner grows turnover and narrows losses
The parent company of Heston Blumenthal’s The Fat Duck restaurant in Berkshire saw its post-tax losses fall by nearly 20% in FY25
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NewsDomino’s sees ‘strong’ trading momentum in H1
The pizza delivery group has reported a 6.1% increase in system sales, to £825.3m, for the first half of the year, with like-for-like sales growth driven by both pizza and its more recently launched Chick ‘N’ Dip range.
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NewsJersey Mike’s ‘looking at the long term’ after IPO
The US sandwich chain, which has made a $1bn launch on the New York Stock Exchange, is planning 400 sites in the UK & Ireland as part of a franchise agreement with its founder Peter Cancro
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NewsWasabi grows sales past £130m despite pressure from labour costs
The sushi and bento operator increased turnover by 3.2% as new openings and growth in grocery helped offset rising labour cost pressures and softer consumer spending
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NewsKFC UK & Ireland delivers 8% like-for-like sales in Q2
The fried chicken chain’s UK & Ireland business achieved its highest sales week with its Pickle Mania LTO, while Taco Bell UK has boosted sales with the launch of new drinks range Baja Blast
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InterviewsSourdough Sophia close to £1m fundraise target
The neighbourhood bakery will open its seventh site – and first in central London – tomorrow with the business currently exploring locations in the south and west of the capital, co-founder and CEO Sophia Handschuh tells MCA.
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NewsTonkotsu achieves +11% increase in turnover
Ramen restaurant group Tonkotsu said its strong revenue growth was supported by new locations, an updated menu design, and price optimisation, with up to four additional sites planned over the next two years.
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NewsBanana Tree sees boost from new Cardiff flagship
The Big Table Group-owned South-East Asia restaurant saw its first site in Wales perfom “exceptionally well”, however the impact of cost pressures and consumer confidence resulted in a loss before tax in 2025
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Analysis & InsightRapid churn of closures and openings sees number of hospitality outlets hold steady in Q2
The latest Hospitality Market Monitor highlights particularly significant churn in the bar sector and shows that Britain’s city centres remain resilient despite the sector’s challenges