Finance – Page 18
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NewsFortress eyes Malmaison & Hotel du Vin takeover
The backer of Loungers and Punch Group is reported to be participating in an auction for the hotel brands, which have 37 UK locations
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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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NewsBusaba Eathai appoints administrators
The seven-strong Thai-inspired restaurant group appointed administrators at Leonard Curtis on 16 July
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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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NewsTrust Inns reports satisfactory performance
Sales at the tenanted pub company were up 2.8% to £43.2m for the year to 30 March 2025
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NewsRoadworks lead to sales slide for Roadchef
The motorway service area operator posted a loss of £5.9m in 2024 after significant disruption on the M1 and M25 motorways
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Weekend PressDown in one: how private equity swallowed the BrewDog Unicorn
All the shares sold to retail investors, the 130,000 so-called “Equity Punks”, will probably be worthless unless a generous buyer suddenly appears for the lossmaking BrewDog, the Financial Times reports
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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
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NewsDarwin & Wallace slowly seeing benefits of group structure
The Portobello Starboard-owned bar and restaurant business has closed two further sites since its year end, however improvements are being made under its new ownership structure
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NewsUK firms brace for price hikes and job cuts amid rising payroll costs
Nearly half of UK businesses expect to raise prices in response to the April 2025 increases in NI contributions and minimum wage levels, according to S&P Global’s latest Business Outlook survey