All Finance articles – Page 34
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InterviewsAndy Hornby: ‘Pressure from Oasis has no bearing on TRG’s strategic plan’
CEO Andy Hornby tells MCA the strategic plans announced yesterday were “entirely grown from within” and not in response to shareholder disquiet
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NewsStonegate launches Pub Partners platform as part of £10m investment
The new platform will offer publicans ideas and advice on how to grow sales, reduce operating costs and run a successful business.
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NewsOnline talent platform secures £29m in funding
Brigad raised a Series B round, led by Balderton Capital, in order to accelerate its growth in the hospitality sector across the UK and Continental Europe.
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NewsMegan’s to open six sites this year
The all-day dining concept is set to deliver £26m of revenue in FY2023, with recent trading described as “exceptionally strong”
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OpinionM&A: Will 2023 prove to be a game of two halves?
Corporate finance specialists Graeme Smith and Craig Rachel from AlixPartners assess the landscape for M&A activity this year and believe there is room for optimism
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NewsMcDonald’s Raise the Arches campaign hits the right note
Recently launched in the UK, the marketing campaign – which never mentions the brand name – has been driving customer engagement
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NewsWagamama appoints new CFO
Matt Crumpler is due to join the Asian restaurant brand next month from his role as FD at The Restaurant Group
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NewsWhitbread reports continued trading momentum
The Premier Inn operator saw F&B sales remained down on pre-pandemic levels, despite strong like-for-like sales growth in Q3 FY23
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NewsMitchells & Butlers sees festive trading up on pre-pandemic levels
The Harvester and All Bar One operator saw like-for-like sales up by 8.9% in the 15 weeks to 7 January, compared to the same period in 2019
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NewsInception Group posts return to profit
The experiential venue operator of Mr Fogg’s and Control Room B saw revenues bounce back to £12.7m in the year to December 2021
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsPunch Pubs revenue recovers
The pub operator has reported a revenue of £284.4m and a loss after tax of £3.1m for the year ended 14 August 2022
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NewsTortilla stays resilient through 2022
Tortilla has reported group revenue of £57.7m for FY22, with Q4 like-for-like revenue growth 16% up vs FY19 despite challenging trading conditions
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NewsSukho Group reports post-pandemic bounceback
The multibrand restaurant group, comprising Zaap Thai and Sukho Thai, has reported £13.5m in sales for the year ending March 2022
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NewsGreggs continues robust trading
The food-to-go retailer has reported total sales of £1,513m for the year ended 31 December 2022, up 23% from £1,230m in 2021
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NewsAdmiral Taverns turnover boosted by Hawthorn integration
The c1,550-strong pub operator reported turnover of £152.8m following the successful integration of the Hawthorn Community Pub Company
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NewsBoston Tea Party FD steps down
Julie Centracchio has stepped down as finance director at the 25-strong cafe group
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NewsGail’s turnover driven by new openings
The premium bakery chain reported turnover of £62m for the five months ended February 2022 and £100m for the entire year, a 76% rise on the prior year
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NewsETM Group reports return to EBITDA profitability
The 13-strong London-based operator reported a turnover of £21.6m in the year to February 2021, and a return to EBITDA profitability of £2m
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NewsMitchells & Butlers sees profits recover
Excluding utilities, Mitchells & Butlers has reported profits have broadly recovered in the year to September 2022, with a total revenue of £2,208m