All Finance articles – Page 8
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NewsWelcome Break reports ‘very successful’ year
The motorway service area operator saw a record performance in terms of EBITDA profitability, followed by strong momentum in the beginning of 2025
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NewsMitchells & Butlers raises full-year expectations as like-for-likes climb 4.5%
The group upgraded its full-year outlook after delivering a strong Q3, stating that performance remains well ahead of the market, supported by a favourable Easter trading period and warm summer weather
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NewsChipotle CEO: Europe could support ‘thousands’ of sites
The QSR brand is pressing ahead with its international growth strategy despite a dip in like-for-like sales, with the group highlighting improving trends and strong potential across Europe
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NewsMegan’s grows revenue by 13%
The 21-strong neighbourhood restaurant group exited its Clapham Common site and is actively seeking to exit another, but said it remains committed to “disciplined, selective” expansion
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NewsBusaba Eathai acquired in pre-pack
The seven-strong Thai restaurant group has been acquired in a pre-pack sale by Seaco Investments, saving around 240 jobs
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InterviewsJW Lees: 'When the sun comes out, pubs do well'
Greater Manchester-based brewer and pub group MD William Lees-Jones says the business remains cautious despite strong early-year trading, with new cost pressures and tax reforms threatening profitability
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NewsCosta franchise acquires 21 sites
Sim Trava, one of the largest Costa franchises in the UK, has acquired 21 branded coffee shops from Sheffield-based fast food franchise operator QFM Group
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NewsFive Guys secures £185m refinancing deal
The new debt agreement will provide financial headroom for the better burger chain until 2030, and will enable it to expand its estate, with a larger number of drive-thru restaurants understood to be part of the strategy, Sky News reports.
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NewsJD Wetherspoon achieves 5.1% uplift in like-for-likes
Chairman Tim Martin said sales volumes had recently overtaken pre-pandemic levels, and revealed plans to open 15 new managed pubs and a similar number of franchised sites in the next financial year.
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NewsIndividual Restaurants remains committed to expansion plans
Chief executive Andrew Garton said the business was looking to grow further with the launch of new concepts, and entering new markets, both in the UK and internationally
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NewsMarston’s on track for strong Q4
The pub group anticipates strong trading, supported by a pipeline of demand-driving events, the rollout of order & pay, and ongoing revenue management initiatives
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NewsFuller’s delivers 5% like-for-like growth
CEO Simon Emeny commented on the pub company’s excellent results in the first 16 weeks of its financial year, with chairman Michael Turner stepping down after 47 years
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NewsPoolhouse secures further $1.5m
Following its $34m seed round, the competitive socialising concept has secured further funding from EMERGING, the US-based fund behind F1 Arcade, Flight Club, and Batbox
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NewsJW Lees hits record sales as cost pressures loom
The Manchester-based brewer and pub operator reported turnover of £99.9m for the year to 31 March 2025, up 4.3% on the prior year
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NewsRed Oak Taverns reports record sales
The leased & tenanted pub company posted revenues of £23.5m, an increase of 21% year-on-year
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NewsShake Shack UK reports £1.6m profit amid expansion
Diverse Dining reported a profit of £1.06m for the year ending 31 December 2024, compared to a £764k loss the previous year
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NewsBone Daddies reports another ‘strong year’
The 10-strong Japanese restaurant group increased revenue by 4.3% to £18.8m in FY24
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NewsConsumer card spend dips in June
Barclays’ latest Consumer Spend report shows essential spend fell by 2.1%, while non-essential spend edged up 0.8% – the lowest discretionary growth rate since November 2024
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NewsVarious Eateries extends bond
The Coppa Club and Noci operator is to reissue its deep discounted bond with Friends Provident International, tied to investor Hugh Osmond
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NewsPub bosses warn government over £1.7bn tax on business
The leaders of JW Wetherspoon, Fuller’s and Greene King have called for the “unfairness” in the business rates system to be rectified if further pub closures are to be avoided