Finance
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NewsGreene King delivers revenue growth across all four divisions
Group revenue increased by 3.2%, with the pub operator attributing the performance to record Christmas bookings and strong demand from events such as the 2024 Men’s Euros
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NewsStarbucks Q2 results ‘far from potential’
The coffee giant saw global comparable sales continue to decline, albeit CEO Brian Niccol reiterated the ‘Back to Starbucks’ plan is the right strategy to turn the business around
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NewsYoung’s delivers strong performance against challenging backdrop
Total managed revenue was up 25.4% in FY25, with CEO Simon Dodd crediting the strength and resilience of the premium estate
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NewsLucky Voice for Business reports strong like-for-likes
The karaoke concept has seen a 31% rise in like-for-like revenue contributed by its B2B arm over the past 12 months
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NewsPrezzo teases new name ahead of strong Q1
CMO Mark McCulloch revealed the plans in a LinkedIn post, teasing: “An Italian icon is about to have a makeover…New name, same passion”
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NewsWatchHouse drives expansion in London and New York
The modern coffee house group reported full year revenues for 2024 of £15.4m, up 62% year-on-year, which it described as an “extremely satisfying” performance
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NewsThe Ivy Collection grows sales despite headwinds
The Richard Caring-backed group made £314m from 50 sites across UK & Ireland, which means restaurants across the estate made an average of £6.25m a year
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NewsDeliveroo minded to accept DoorDash offer
The prospective takeover by a larger American rival would be worth £2.7bn, valuing the company at 180 pence per share
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Weekend PressBidding war for Deliveroo? There could be appetite
The US firm DoorDash’s £2.7 billion swoop for the delivery company late on Friday may prompt Amazon, Prosus and Meituan to consider rival bids, The Times reports
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NewsLeaders call to reinstate tax-free shopping amid tourist slowdown
The “tourist tax” continues to be a point of concern for operators ahead of what some are calling a potential “summer of discontent”
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OpinionCelebrities in the driving seat
With F1 racing champion Fernando Alonso acquiring a meaningful stake in Sticks ‘n’ Sushi, MCA columnist Dominic Walsh digests the backstory to the deal, and questions whether the mechanics of hospitality businesses should really be left to the professionals.
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NewsChipotle sees ‘great progress’ in UK and Europe
CEO Scott Boatwright said the brand was seeing strong margins in the UK and western Europe, after a slowdown in growth in the wider business
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NewsMeatailer reports pre-tax profit turnaround
The Scott Collins-led operator of MEATliquor restaurants, recorded pre-tax profit of £118k, for the year to 30 June 2024, up from a loss of £65k the previous year.
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NewsNew wave of government costs puts hospitality recovery at risk
The UK hospitality market saw marginal outlet growth over the past year, but stability is under threat, according to the latest CGA by NIQ report
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NewsF1 champion Alonso buys stake in Sticks ‘n’ Sushi
The Spanish Formula 1 driver is understood to have secured a stake of more than 20% in the Danish-Japanese restaurant group, becoming one of five co-investors, alongside private equity backers McWin.
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Weekend PressMeatliquor founder: Tax raid has made running my business ‘a struggle’
Meatliquor founder Scott Collins says red tape and levies dampen ‘passion and potential’, The Telegraph’s senior business reporter Daniel Woolfson writes,
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NewsDeliveroo reports accelerating order growth and strong start to 2025
Deliveroo has reported a strong Q1 2025 performance, with 7% year-on-year order growth and a 9% increase in gross transaction value
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NewsPrivate equity firm True in talks to acquire stake in GDK
True’s proposed investment into the kebab chain is described as a “stellar valuation”, sources told Sky News, as GDK targets 300 UK sites by 2028
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NewsStonegate delivers £1.7bn revenue
The 4,370-strong pub company said sales were favourable compared to the prior year, demonstrating the “resilience of its high-quality pub portfolio”
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NewsTim Hortons turnover surpasses £100m
The Canadian coffee and QSR chain achieved £105.4m turnover for its UK business in 2023, and plans to focus on driving profitability