Finance – Page 33
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NewsDaisy Green doubles pre-pandemic revenues
Daisy Green’s strategy is to continue to invest in new sites and grow its direct to consumer businesses, after achieving turnover of £17.9m for the year ending April 2023
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NewsBlank Street Coffee auditors warn account figures may be ‘misstated’
The note comes as filings show the chain made a £2.9m loss in its first six months in the UK, the Evening Standard reports
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NewsGrind achieves record annual sales
The London-based coffee company grew its high street sales by 25% in FY23, and said its coffee shops were back to trading above pre-pandemic levels as consumers return to the city
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NewsThe Alchemist receives £15m loan from OakNorth
The loan will support the rollout of new sites and refinance existing debt, as the cocktail bar group looks to open 10 new sites over the next three year
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NewsUrban Pubs & Bars poised for further growth
The London-based pub and dining group reported a 17% increase in like-for-like sales, having doubled the size of its business over the past two years
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NewsVarious Eateries reports 12% revenue growth
The Coppa Club operator has reported a resilient performance in the year ended October 2023, with plans to open up to 10 Noci and three Coppa Club sites
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NewsMcWin to acquire Sticks’n’Sushi
The Denmark-founded premium Japanese-inspired restaurant concept, which has 12 locations in the UK, has reached an agreement for specialist investor McWin to acquire a majority shareholding
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NewsNew Year’s Eve breaks records at Incipio
The group cited seasonal activiations, high energy brunches, and the use of TikTok for driving strong like-for-like growth over the festive season
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NewsStarbucks hit by political ‘misconceptions’
The coffee giant has revised down its sales forecasts, citing the negative impact in the Middle East and in turn the U.S., where it has been targeted by political protesters
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NewsBuzzworks plans to double size of business
The Scottish hospitality group continues to invest in new and existing venues, but says it is not immune to external factors which will impact the pace for growth.
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NewsSSP boosted by break in rail strikes
UK sales grew by 22.8% to to £207m in Q1, reflecting good passenger numbers in the air travel and rail networks
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NewsComptoir looks to the year ahead 'with confidence'
The Lebanese-inspired restaurant group expects to report revenue of approximately £31.5m for the 52-week period ending 31 December 2023
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NewsFuller’s like-for-likes up 11.5%
Sales during the five-week Christmas and New Year period were particularly strong, up 21.6% against the same period the prior year
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NewsWetherspoon continues to outperform market
Like-for-like sales were 15.2% up in December 2023, with double-digit growth in the 25 weeks to 21 January 2024
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NewsRevolution Bars lowers EBITDA forecasts
Despite strong Christmas trading and the improving like-for-like sales trend through H1, soft January trade - along with higher payroll costs - has led the board to reconsider assumptions of lfl growth
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NewsFlat Iron breaks December weekly records
Like-for-like sales were up 29.8% during the festive period, with nine of the steak restaurant group’s 14 sites breaking weekly records
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NewsCreams menu innovation delivers sales uplift
The dessert cafe chain reported record festive trading, with a 5.8% rise in like-for-like sales, citing the introduction of reimagined classics and hot desserts to its menu
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NewsMarston’s reports strong Christmas trading
The pub operator saw like-for-like sales growth of 8.1% for the 16-week period to 20 January, amid an improving outlook with inflationary headwinds abating
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NewsRockfish gears up for £3m fundraise
The South West seafood restaurant group is gearing up to resume new openings after a pause last year
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NewsPatty & Bun continues to look for growth opportunities
Following a CVA approved in October 2023, the burger brand’s neighbourhood sites and delivery sales continue to perform strongly, according to founder Joe Grossmann