All Finance articles – Page 6
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Analysis & InsightM&A: Significant number of PE businesses looking to transact
Despite the Budget, Graeme Smith and Craig Rachel of AlixPartners see an improving picture as the consumer spending outlook improves, particularly in the critical younger demographic who benefit most from the increase in minimum wage
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NewsPizzaExpress shareholders to provide £30m cash injection
Bain Capital Special Situations is preparing to inject millions of pounds to help secure a refinancing of the restaurant group’s debt, Sky News reports
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NewsIndian QSR concept secures funding from Haldiram’s
Shree Krishna Vada Pav, which operates 18 sites across London, aims to reach 30 stores by the end of the year, with a projected turnover of £12m
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NewsParogon looking to add at least three sites per year
The premium pub operator is targeting large freehold sites as well as more compact units to further the rollout of its Mediterranean concept Willow.
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NewsHospitality leaders’ confidence drops amid cost pressures
64% of UK hospitality operators plan to cancel investment, while 59% anticipate cutting staff, and 57% expect to reduce employee benefits in response to rising costs and upcoming tax increases
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NewsButcombe CEO urges ‘common-sense’ approach to tax hikes
Jonathan Lawson has urged the government to reconsider the pace of tax and wage increases, warning of significant pressure on the sector
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NewsWingstop accelerates international expansion with record growth
The fast-growing chicken brand reported strong international growth in 2024 and believes the UK could support up to 450 sites
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NewsPunch Pubs reports strong trading and profit growth
The pub company remains on track to reach an adjusted run-rate EBITDA of £99.8m, with all three divisions delivering like-for-like growth
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NewsHospitality spending grows despite consumer caution
Pubs, bars & clubs, and restaurants recorded 2.6% year-on-year growth in January, according to the latest Barclays Consumer Spend report
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InterviewsLoungers deal ends years of frustration over share price
Management did “all we could” to boost the Lounge and Cosy Club operator’s standing on the public markets, but in the end its ‘take private’ deal with Fortress offered the best result for shareholders, chairman Alex Reilley tells MCA
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NewsDRG posts record turnover as it prepares for UK expansion
Scottish restaurant operator Di Maggio’s Restaurant Group (DRG) has posted a record turnover of £49.52m for the year ending April 2024, up £3.68m year-on-year
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NewsNightcap acquires Brighton i360 viewing tower
The Sarah Willingham-led late night group will operate the viewing tower and hospitality areas of the attraction, in a “fresh start” for the i360
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NewsWagamama issues £330m in senior debt
As part of a refinancing and new capital structure, The Restaurant Group has been split up into three separate divisions. A source said there were no imminent plans to break up the group
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Weekend PressLuxury Dubai restaurant chain eyes London float
Fundamental Hospitality, founded by chairman Evgeny Kuzin, is in the early stages of gearing up to go public, This is Money reports.
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Weekend PressDiageo looks for a new lease of life as sales go flat
As half-year results loom, the drinks giant’s shares are at a five-year low. Can new leadership and cost-cutting measures revive fortunes? The Times reports
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NewsHotel Chocolat’s cafés boost growth
The premium chocolatier’s Velvetiser Café format recorded a 33% year-on-year sales increase
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NewsTasty reports challenging trading amid restructuring efforts
The operator of Wildwood and dim.t reported a difficult second half of 2024 as the group grappled with declining consumer confidence, reduced spending, inflation and rising labour expenses
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NewsDrake & Morgan outperforms market over Christmas
The group reported 14.7% like-for-like sales growth over the five-week festive period
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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