All Finance articles – Page 4
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NewsKnoops appoints former Hotel Chocolat chair as non-exec director
The chocolate drinks brand, which achieved 22% like-for-like sales growth over the five-week Christmas period, has appointed Andrew Gerrie to its board
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Analysis & InsightNICs changes to hit hospitality hardest
New analysis from UKHospitality has revealed that 774,000 workers in the hospitality sector will be newly eligible for employer national insurance contributions (NICs) starting in April 2024
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NewsEsquires lines up six more coffee shops
Cooks Coffee Company hopes to have 100 stores operating by the end of 2025, up from its current 87
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NewsPizza Hut Restaurants acquired in pre-pack
The future of the pizza brand’s dine-in business has been secured after it was acquired by investment firm Directional Capital, with all but one of the franchise’s 142 sites expected to remain open
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NewsYoung’s trades ‘exceptionally well’ over Christmas
The premium pub operator reported managed like-for-like sales up 11.6% over for the five-week festive period
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NewsCarlsberg’s £3.3bn Britvic takeover approved by High Court
The Danish brewery plans to create a single integrated drinks business called Carlsberg Britvic following the takeover
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NewsFortress tables increased and final offer for Loungers
Fortress Investment Group (UK) has increased its cash offer for Loungers, from 310p to 325p per share, which has been deemed “fair and reasonable” and in the best interests of the business and its shareholders.
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NewsSix by Nico posts record results amid rapid expansion
The company invested £8.3m in expanding its portfolio, opening seven Six by Nico locations across the UK and Ireland in 2024, with a new site in Bristol slated to open next month
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NewsEG on the Move acquires 100 Applegreen fourcourts
Zuber Issa’s petrol fourcourts group is set to treble in size following the deal, which includes 40 foodservice concessions
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NewsGDK sales surpass £160m
Parent company Hero Brands said the kebab chain will continue to expand globally, while fried chicken concept Sides will roll out 200 UK sites over the next decade
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Analysis & InsightFestive cheer or fear – how is the hospitality industry feeling about 2025?
Many hospitality businesses are trying their best not to put price increases on the customer, but for some this will be inevitable, writes Benjamin Wiles, managing director at Kroll financial advisory
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NewsUpham Group exploring funding options
The pub group is “optimitistic” it will secure the funding needed to complete on several acquisitions early in the New Year, director David Butcher tells MCA
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NewsCoffi Lab receives £1.5m funding boost
The Wales-based dog-friendly coffee shop concept has received the investment from the Development Bank of Wales to scale its store network
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NewsGail’s plans 30-40 sites in 2025
The bakery chain is targeting sales of £300m next year, as it reportedly gears up for a sale
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NewsOakman ends strategic review process
Announcing the sale of two of its high value premium pubs to McMullen’s, Oakman Group said it will now focus on investing in its existing sites and paying down debt, CEO Peter Borg-Neal tells MCA
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NewsNero Group acquires FCB Coffee
The acquisition bolsters Nero’s travel and transport business, and means it now has more than 50 locations in train and underground transport hubs in the UK
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NewsPizzaExpress gears up to refinance bonds
The restaurant group is set to to appoint investment bank PJT Partners to refinance a £335m bond, Sky News reports
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NewsBoojum founder joins Imbiba
The specialist investor has appointed three new operating partners following the close of its second investment fund at the hard-cap target of £90m.
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Analysis & Insight‘Still lots of whitespace for Loungers’
Despite continuing to expand at pace – with 17 new sites opened in the 24 weeks to 6 October – analyst Berenberg is confident it still has “significant amounts of white space in which to roll out sites”
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NewsCaviar House & Prunier closes four Heathrow sites
The upmarket restaurant, bar and retail concept has been acquired out of administration, saving a further three airport locations