Finance – Page 13
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NewsVultures circle for Stonegate pubs
Funds are circling a portfolio of 1,000 British pubs as the country’s biggest operator grapples with the fallout from soaring interest rates on a multibillion-pound debt pile, The Sunday Times reports
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NewsPizza Hut Europe losses widen
The Yum! operated business reported a loss after tax of $126.1m (£103.7m) for the year ending 31 December 2022, widening from $12.6m (£10.3m) the previous year.
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NewsBurger King UK secures £35m investment
The Burger King master franchise business secured new funding from existing backer Bridgepoint, while confirming plans to add over 60 restaurants over the next two years. Meanwhile 2022 revenues were up 39% to £294.5m
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NewsLoungers reports consistent sales growth
The all-day cafe-bar operator reports like-for-like sales up 7.7% in the 24 weeks to 1 October 2023
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Analysis & InsightTRG bid an ‘attractive offer’
Analysts said Apollo’s agreement to acquire The Restaurant Group for £506m represents a “fairly full” valuation
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NewsIncipio reports record year
Sales were up 38% to £20.65m in 2022, with investments totalling £5m made during the period across three new sites
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NewsTRG to be taken private in £506m deal
The Restaurant Group has reached an agreement with Apollo Global Management for an all cash acquisition, representing an EBITDA multiple of x9
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NewsMarston’s reports strong momentum
The 1,145-strong pub operator reported like-for-like sales up 10.1% vs FY2022, with strong sales across food and drink as momentum continues into the new financial year
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NewsHonest Burgers closes crowdfunding after raising close to £3m
The crowdfund will accelerate the chain’s ambitions to build its presence in regional cities, as well as launch new QSR format Honest Smashed.
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Analysis & InsightEdition Capital: ‘Demand is still there’
Despite a challenging economic backdrop, the outlook for fledgling restaurant businesses remains positive, according to senior partner Harry Heartfield.
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NewsJoseph Holt sees strong recovery
The Manchester-based brewer, which operates c125 pubs, reported turnover of £70m for the 2022 financial year
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![Sexy Fish Manchester[1]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/5/8/3/305583_sexyfishmanchester1_729708.jpg)
NewsCaprice Holdings announces return to profit
The Richard Caring-led restaurant group has reported financial results for the year to 1 January 2023, with a 71% increase in turnover to £74m
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NewsBill’s Restaurants in ‘better long-term position’
The all-day dining chain reported turnover of £104m in the year to January 2023, as a result of the strategy to focus on its core profitable sites
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NewsFive Guys continues to see ‘strong growth prospects’ in UK
The burger chain has reported financial results for 2022, with revenue of £452m for its stores across the UK, France, Spain, and Germany
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NewsBeavertown Brewery increases turnover
The Heineken-backed craft brewer saw total revenue increase to £71.7m in the period ended December 2022, compared to £65.1m the previous year
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NewsWetherspoon returns to pre-pandemic strength
The 826-strong pubco has reported revenue of £1,926m in FY23, beyond FY19 levels and driven by like-for-like growth across food, drink, and accommodation
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NewsIvy Collection turnover surpasses £300m
The Richard Caring-backed restaurant chain has grown turnover by more than £100m in 2022, driven by expansion of the Ivy Asia brand
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NewsEataly faces cost pressures
The Italian food hall and restaurant operator has provided a financial update for 2022, with revenue of £25m and loss for the year of £1.3m
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NewsGreggs continues robust trading
The retailer’s Q3 update saw like-for-like sales rise 14.2% for company-managed shops, with evening trade, the app, and the loyalty programme all bolstering sales
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NewsTortilla demonstrates resilience
The fast casual Mexican cuisine specialist saw revenue growth of 22% to £32.7m in H1 FY23, along with like-for-like growth of 5%