All Finance articles – Page 6
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News
Mitchells & Butlers’ sales driven by food
The pub business saw a decline in like-for-like drink sales since 2019, partially offset by a rise in food sales
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News
Fulham Shore comes out strong post-pandemic
The Franco Manca and Real Greek operator reported a 20.6% increase in turnover compared to pre-pandemic, with a pipeline of over 120 restaurants
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Fuller’s reports recovery in capital
In a statement preceding its AGM today, the pub operator reported continued recovery in central London venues and an overall like-for-like sales increase of 3% compared to 2019
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Joseph Holt reports slow recovery
The independent pub and brewery operator reported sales are recovering since the pandemic but have yet to catch up to 2019 levels
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News
Starbucks explores sale of UK division
Coffee giant seeks potential buyers as challenges mount, The Sunday Times has reported
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Wetherspoon: ‘recovery more laborious than anticipated’
Despite an improvement in sales since the last quarter, the company announced it is yet to return to pre-pandemic trading levels
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Stonegate places 75 pubs on the market
The package of former Ei Group freehold pubs has been valued at up to £100m, with the sites located across England and Wales
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Costa franchisee acquires 17 sites
Altrincham-based Sim Trava, which now has 57 Costa sites, made the additions to its portfolio with the support of a £7m funding package from HSBC
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Megan’s to handout £5m staff bonus
Megan’s has set aside the bonus to reward staff members for their hard work and contribution to its Retailers’ Retailer Award win earlier this year.
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News
Capco and Shaftesbury agree to merge
The combined portfolio, located in some of the most “iconic” areas of London’s West End, will be valued at around £5bn, with just over a third of this in hospitlaity and leisure
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News
CGA acquired by NielsenIQ
The acquisition builds on NielsenIQ’s 2009 investment in CGA and aims to deliver “the most innovative and granular” alcoholic beverage measurement and insights solution
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News
Fresho raises £8m in Series A funding
The platform provides solutions for chefs to choose exact quantities for their needs in an online shopping experience specifically tailored to the B2B food industry
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Foodsteps raises $4.1m to grow platform
The seed round will fund the expansion of the food tech startup, which allows businesses to measure and improve on sustainability
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Analysis & Insight
Number of PE deals double in leisure space
UK-only businesses have been trading at a discount to their international peers, so have become particularly attractive to PE funds, global law firm Mayer Brown reports
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News
Wingstop: ‘UK market is blueprint for success’
President and CEO Michael Skipworth has said its success in the UK was a “clear demonstration of the power of our international growth strategy”, with 15 UK openings slated for 2022
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Creams CEO to step down as Pistachio Holdings increases share
The reshuffle in ownership structure will see Adam Mani take up the role of chief innovation officer, while Balal Aqil will become an advisor
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Deliveroo: ‘Consumer behaviour may moderate during the year’
The delivery platform achieved “solid growth” in Q1 2022 against the previous year, when lockdown restrictions were in place
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News
McDonald’s takes ownership of largest UK franchisee
Founded by Athul Pathak, Appt Corporation operated 43 sites, with McDonald’s Restaurants Limited acquiring 100% of his shares
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Analysis & Insight
Revolution in strong position to ramp up expansion
Strong like-for-like sales in restriction free trading periods coupled with less competition in the late night sector puts Revolution in a favourable position, analyst Peel Hunt believes
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News
Starbucks drive-thrus boost sales
Franchise business 23.5 Degrees posted profits of £10.3m last year after investing in new sales channels