Finance – Page 23
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NewsThe Restaurant Group in talks to buy Oakman sites
The Wagamama owner is in advanced discussions to acquire some of Oakman’s pubs and integrate them into the Brunning & Price estate, Sky News reports
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NewsYolk targeting 50 UK sites, with further fundraise £1.5m underway
The food to go business, which has just launched a new brand identity, is ”confident” of its ability to open five to six sites a year
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Weekend PressSir Harry Solomon sells slice of Lola’s Cupcakes
Lola’s Cupcakes revenues hit £25.3m in 2023 with profits of £500,000, the Daily Mail reports
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NewsRichard Caring in talks with Sheikh Tahnoon over £1bn deal
The hospitality entrepeneur is in advanced talks to sell a significant portion of his UK hospitality portfolio, including the Ivy Collection and London private members’ club Annabel’s, to an entity controlled by Abu Dhabi royal Sheikh Tahnoon bin Zayed al-Nahyan
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NewsETM offers disappointed Maven backers shares at nominal price
Maven Leisure, which raised at least £4.5m on GrowthDeck when it launched in 2021, was recently sold to ETM in a pre-pack after facing a funding shortfall
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NewsTurtle Bay founder acquires stake back from Piper
The private equity firm has sold its stake in the Caribbean restaurant and bar business back to founder Ajith Jayawickrema, with current chair Jane O’Riordan to step down following the transaction.
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NewsVaulkhard Group secures £5.2m funding, acquires Newcastle freehold
The funding from HSBC UK will also support a major refurbishment of Offshore 44, the group’s Quayside venue, and is now eyeing further acquisitions
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NewsButcombe Group delivers record Q1 results and double-digit growth
The group achieved record revenues of £149m, up from £144.4m, with underlying group EBITDA growing 7.4%. CEO Jonathan Lawson said the results reflected “continued operational strength and effective strategic investments”
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NewsRedCat in talks over Greene King package
The Rooney Anand-chaired pub company is in advanced talks to buy a 39-strong package from his former company Greene King, Sky News reports
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NewsMarston’s profitability and debt reduction remain on track
The 1,333-strong pub operator also delivered a 2.9% uplift in like-for-like sales in H1 2025, increasing to 10.5% over the past five weeks
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NewsTarka hostel and bar concept secures £10.3m from OakNorth
The digital bank has provided a £10.3m facility to Tarka Edinburgh, which is actively seeking opportunities to roll out upscale pod-style hostels
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NewsSoho House achieves 8% like-for-like revenue growth
Like-for-like food and beverage margins at its Houses improved in the 13 weeks to 30 March 2025, compared to the first quarter of last year, with adjusted EBITDA increasing to $47m
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Analysis & InsightPunch Pubs reports revenue growth and strong trading
The group reported revenue of £168.3m for the 28 weeks to 23 February 2025, up from £165.1m the previous year
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Analysis & InsightKrispy Kreme reports Q1 loss, prepares UK brand repositioning
The global doughnut brand reported a 15.3% drop in net revenue to $375.2m in Q1 2025, with organic revenue down 1%
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NewsPapa Johns brand reset sees early success
The pizza delivery chain continues to improve UK sales, but is monitoring global trends and may consider closures due to a volatile trading environment
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Analysis & InsightRBI posts 2.8% Q1 growth, with UK flagged as key market
Total revenue rose 21% year on year to $2.1bn, while adjusted EBITDA increased 2.4% to $642m, and adjusted net income reached $343m
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NewsTrue makes strategic investment in German Doner Kebab
The investment firm will support and accelerate the kebab chain’s rollout across new and existing markets, as GDK looks to scale its 145-strong UK estate
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NewsJoe & The Juice returns to profit for FY24
The food-to-go operator posted global revenue of £320m in FY24, up 17% on 2023, as it returned to profit, confirming continued expansion plans across its core markets
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NewsWenzels committed to growing 110-strong estate
The independent bakery chain grew revenue to £67.1m and said it will continue to support the high street, with plans to open more stores
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NewsPatisserie Valerie owner posts full-year loss
Flour Power Group’s total sales held steady at £25.3m, with growth in online and wholesale helping to balance out higher costs