Finance – Page 2
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SSP grows UK sales by 12%
The business said the positive performance in Q3 reflects good passenger numbers in the air sector and a lower incidence of rail industrial action compared to 2023
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Paul rolls out Le Café rebrand
Paul will move its St Pancras store to the more coffee-focused format, with plans for a further store rebrand in 2024
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Wetherspoons reports record sales figures
A recovery in sales and profits has continued in the current financial year, with sales per pub approximately 21% higher than pre-pandemic levels, chairman Tim Martin said
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Krispy Kreme continues to expand UK presence
The doughnut business plans to open more shops in quality, high profile locations in 2024, and invest further in digitally enhanced cabinets
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Loungers achieves record year of sales, profits and openings
The Lounge, Cosy Club, and Brightside operator reported industry-leading like-for-like sales growth of 7.5%, with revenue growing 24.7% year-on-year to £353.5m - demonstrating its target of 665 sites remains a ‘conservative’ one
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Mission Mars continues to outperform sector
Group revenue for FY23 totalled £71.1m, with CEO Roy Ellis confident the Albert’s Schloss and Rudy’s brands will trade successfully in all parts of the UK
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Capdesia successfully exits Marugame Udon Europe
Parent company Toridoll Holdings will take full ownership of the udon concept, with CEO Keith Bird handing over to FD Sam McIntyre
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Hydes reports record turnover growth
The Salford-based brewer and pub operator reported record turnover of £39.3m for 2024, up £5m on the previous year
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Britvic agrees £3.3bn takeover
The deal for the soft drinks group gives it an enterprise value of £4.1bn, with Carlsberg to create a single integrated beverage group in the UK called Carlsberg Britvic
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Marston’s to sell stake in Carlsberg JV
The deal will see the pub group sell its 40% in Carlsberg Marston’s Brewing Company for £206m in cash to become a pure play hospitality business, while accelerating its debt reduction plans
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Cineworld considers closing a quarter of estate
The cinema operator is set to close as many as 25 sites and negotiate rent reductions at another 50, as it draws up plans for a restructuring deal
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Slug & Lettuce increases profitability after loss in 2023
The Stonegate-owned bar brand revealed a pre-tax loss of £3.1m, but has since delivered a rise in revenue as it looks to build momentum during a summer of sport
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Pizza Union continues search for central London sites
The business reported improved sales trends and a return to profit in 2023, and is currently negotiating on a few new pizza bars
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Benugo achieves highest ever turnover
The operator of café delis and restaurants reported £123.5m in turnover for 2023, the highest in its 25-year history
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Ole & Steen pauses expansion amid losses
Danish bakery and café chain Lagkagehuset is focusing on organic growth in its international business to improve profitability, after posting a £20.6m loss for 2023
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Nero Group posts record sales
The coffee shop operator reported sales of £544m in its 2024 financial year, with like-for-like sales growth of 8.4%
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Bistrot Pierre invests in ‘brighter future’
The French casual dining group has undertaken a brand review while rolling out a new concept, significantly improving future EBITDA
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San Carlo continues to grow
The premium Italian restaurant group is relocating Cicchetti Piccadilly while refurbishing and reopening the Flying Pizza in Leeds, which celebrates its 50th anniversary in 2024
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Heavitree grows sales despite wet weather
The Devon pub company and brewer increased turnover by 2.1% to £3.3m in the first half of the year, despite cold condiitons and an early Easter
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Tasty forecasts uplift in profitability
As part of a restructuring plan, the group renegotiated seven rent agreements and exited 19 loss-making sites sites