Finance – Page 2
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NewsBig Mamma Group achieves £44m sales from five venues
The group’s London restaurants - Gloria, Circolo Popolare, Ave Mario, Jacuzzi, and Carlotta - all performed ahead of expectations, with new concept Barbarella to open this June
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NewsPuttshack and Topgolf founders to launch new venture
Poolhouse – the new competitive socialising concept from the Joliffe brothers – has secured $34m in funding from investors, with the first site to open near London Liverpool Street station later this year.
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NewsNWTC garners momentum after introducing new strategy
The 27-strong bar and restaurant operator announced a 9% improvement in like-for-like sales, following a new leadership team and renewed focus on The Botanist
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NewsCooks Coffee sales surpass £35m
The Esquires operator, which trades from 89 sites across the UK and Ireland, grew sales by more than 26% in the year ended 31 March
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NewsUniversal’s Bedford project highlights hospitality’s investment potential
The multibillion-pound investment in a new theme park underlines the need for a strategy that recognises hospitality’s potential to drive growth
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NewsRate cuts could offer UK businesses relief from tariffs
Interest rate cuts could ease some pressure as UK businesses navigate new tariff challenges, according to AJ Bell
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NewsSimmons younger customers hit by cost of living pressures
The bars group has reported resilient trading across its mostly London estate, with headwinds now showing “signs of softening” as trading picks up
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NewsBlack Sheep Coffee breaks weekly sales records
The robusta specialist fast-growing coffee shop group has reported estate net sales were £1.8m, up +9.3% on the previous week
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NewsCaravan achieves revenue 10% growth
The all-day dining brand reported sales of £24.4m in 2024, driven by growth in covers and spend across the group, and the opening of Covent Garden
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NewsFulham Shore receives funding boost from backer
Toridoll Holdings has provided a £20.75m subordinated loan facility to the Franco Manca operator
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NewsStarbucks UK posts £35m loss
The coffee company blamed a consumer boycott campaign, cost of living pressures and increased competition in the UK for a slump in sales
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NewsGong Cha announces record sales
The bubble tea brand achieved sales of $600m in the 52 weeks to 31 December 2024, with more than 240 new sites having opened last year. It recently signed a new franchise agreement to open an initial 225-plus UK stores.
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NewsCamerons can refocus on pub operations following debt reduction
The brewer and pub operator said its 45 managed house pubs traded well in 2024, contributing to a “significant improvement” in EBITDA for the year to 5 January 2025, from £3.9m to £4.6m.
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Weekend PressAlixPartners drafts in Goldman Sachs to run sale of stake
Deal is latest in wave involving professional services firms, The Sunday Times reports
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NewsYard Sale Pizza secures investment from Piper
The London neighbourhood pizza delivery brand plans to supercharge expansion in London and new cities across the UK, with a goal of reaching 40 shops over the next five years, MCA can reveal
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NewsWells & Co's performance driven by strong like-for-likes
The brewer and pub operator achieved group revenue growth of 5.6%, to £65.8m, for the year to 30 September 2024, with like-for-like growth of 7.5%.
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NewsPizzaExpress agrees refinancing
The casual dining group has agreed a fully consensual refinancing deal with over 97% of its existing bondholders, and reported like-for-like growth in Q1
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NewsHugh Osmond ups stake in Various Eateries
The sector investor has increased his stake in the Coppa Club and Noci operator, after the group reported 9% revenue growth in its most recent financial results
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NewsBrighton Pier Group to cancel trading on AIM
The Luke Johnson-chaired leisure and hospitality business said the costs of being a public company were “disproportionate to the benefits”, with annual savings of up to £300,000 expected when it goes private
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NewsSoho House revenues increase 7%
The private members’ club group achieved $1.2bn in revenue in 2024, while opening its latest London location - Mews House - in Mayfair