Finance – Page 17
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NewsGravity right-sizes debt obligations through CVA
The leisure and fitness activity park operator has secured approval from creditors for a company voluntary arrangement (CVA) proposal having been impacted by rising costs and soft consumer spending
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NewsRockfish reports growth in sales and profits
The Mitch Tonks-led seafood restaurant group has reported ‘another record year’ of results with turnover climbing to £15m and group EBITDA rising by more than 10%
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NewsIndian Brewery Company launches in Birmingham Airport in partnership with TRGC
Billed as ‘a significant milestone’ for the Indian Brewery Company, the new opening will bring the craft beer and street food business to three sites
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NewsBurger Boi launches first Morrison’s concession
The Wolverhampton-founded premium QSR chain has launched a site within Morrisons Manchester Piccadilly store with at least four further openings planned under the partnership
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NewsMichael Kill: ‘The Treasury have got the modelling completely wrong for revaluations’
The NTIA is questioning what checks on business rates the government carried out before the budget with its CEO telling MCA he believes the matter of revaluations will be readdressed
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NewsWingstop continues to accelerate expansion with triple opening
The fast-growing fried chicken chain begun the final full week before Christmas with simultaneous openings in Leicester, Nottingham and Glasgow
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NewsJohn Vincent looking to return Leon to expansion trail following turnaround plan
Vincent says he expects to be back on the expansion trail with plans for as many as 100 UK outlets, mostly in London, over the next four years
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NewsRapper Professor Green to launch fast food brand in Glasgow
Green says his new brand, which will open its first restaurant on Byres Road in the Scottish city in Q1 of 2026, is designed to ‘disrupt the fast food market’
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NewsSides to make Scottish debut next year with double opening
Managing director Aaron Moore-Saxton says expanding into Scotland has been ‘a huge ambition’ for the fried chicken chain, which recently revealed plans to double its estate each year
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NewsWhitbread CEO: ‘All our industry is asking for is fair treatment’
Writing in The Times, Dominic Paul says increasing costs and taxes will affect where businesses like Whitbread put their money
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NewsScottish hospitality set for £69m business rates hit without support
UKHospitality Scotland warns that without action Business rates bills will be sent soaring, as rateable values increase 23% on average across Scottish hospitality
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NewsJamie Oliver Group axes 20% of workforce ahead of high street comeback
The celebrity chef’s main commercial operation has completed a consultation process which involves 25 of its 126 employees being made redundant, Sky News reports
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NewsCoca-Cola holds last-ditch talks in bid to salvage Costa Coffee sale
The proposed sale of Costa is at risk of collapse and the soft drinks giant is holding last-ditch talks with private equity firm TDR Capital in an attempt to salvage it, the Financial Times reports
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NewsCaffè Nero achieves another record with £338m sales
The Nero Group has posted record sales of £338m in the first half of FY26, with strong performance driven by successful menu innovation including matcha drinks and pistachio croissants
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![Burger King Swindon_20_web[52]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/8/0/6/379806_burgerkingswindon_20_web52_81140.jpg)
NewsBKUK to expand into Ireland
Burger King UK his signed a c20-year master franchise agreement with Burger King Europe GmbH, extending its master franchise rights to the Republic of Ireland for the first time
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Analysis & InsightM&B and the Quiet Man of pubs
During ten years at the helm, Mitchells & Butlers under CEO Phil Urban has continued to outperform sector. CBRE’s Simon Johnson pays tribute to the well-run business, which has the best freehold property esate in the managed sector
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NewsLeon to appoint administrators and exit loss-making sites
After acquiring the healthy fast food brand last month, co-founder John Vincent said his immediate priority is to reduce the number of loss-making restaurants, with 20 out of its 70-strong estate believed to be at risk
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Analysis & InsightBusiness rates: ‘Stealth tax increases will push many hotels to breaking point’
As businesses continue to assess the impact of the budget on their balance sheets, hotels are learning they are some of the worst affected by changes to business rates, with a double whammy of tax hikes which will see bills rising 115% for the average hotel
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InterviewsXP Factory reflects on ‘remarkable’ year despite tough market
Richard Harpham, CEO of the listed experiential leisure business, tells MCA that Escape Hunt will continue to work towards the 100-site mark as rapidly as possible
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NewsFive Guys launches loaded fries
In a first for the premium burger brand, Five Guys has added a new item to its food menu, which will feature fries topped with cheese sauce, a ‘secret’ fry sauce, and up to 14 toppings of choice