Finance – Page 43
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NewsSubway reaches £7.6bn deal with Roark Capital
The agreement, which ends the founding families control of the sandwich giant, includes debt and is subject to financial performance milestones
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Interviewsitsu reports record sales in last 8-12 weeks
Directors Greg Thorpe and Neil Miller break down the sales resurgence at the food to go brand, regional profiles across the estate, and the next steps in its digital journey
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NewsCoffee#1 reports ‘excellent’ sales growth
The Nero-owned coffee shop business reported Q4 like-for-like sales up 117% versus pre-pandemic levels
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NewsCost increases boost turnover at Pret franchise
Chesterford Group’s pre-tax profits fell in 2022 due to the costs of setting up the Pret franchise business subsidary, Joy Brands
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Newsitsu stores break £100m sales milestone
Founder and CEO Julian Metcalfe said “20 mega new sites” are set to open by 2024, serving more hot food options, while the brand has signed a new deal with Costa franchisee Scoffs to open in Exeter
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NewsSubway to be acquired by Arby’s owner
Roark Capital is expected to finalise a $9.6bn deal for the sandwich chain as early as this week, the Wall Street Journal reports
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NewsHall & Woodhouse reports ‘encouraging’ year to date
The 180-strong pub operator and brewer reported strong like-for-like growth in 2023, along with a recovery in underlying profit before tax
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NewsJamie Oliver Group reports strong results ahead of return to UK restaurant scene
The group reported revenue of £29.7m in 2022, as the chef prepares to launch Jamie Oliver Catherine Street in November and grow to 200 restaurants globally by 2027
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NewsShaftesbury Capital secures new £200m loan
The landlord has signed an agreement with Aviva Investors for a new 10-year loan, and will consider the inclusion of sustainability-related metrics as part of the agreement
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NewsCaffè Nero trading at 112% of pre-pandemic levels
Caffè Nero has reported strong like-for-like growth between 1 March and 31 May 2023, with delivery and app sales continuing to grow
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NewsWendy’s aims for 40 in UK
Wendy’s UK business has seen like-for-like sales growth, with the aim of operating c40 sites by the end of the year, according to chief executive Todd Penegor
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NewsLeon focused on growth in home market
The healthy food-to-go chain has seen ‘continual improvement’ in sales throughout 2022 and the first half of 2023, with management confident sales will recover further
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NewsProfitability ahead of expectations for Deliveroo
Deliveroo has reported ‘significant progress’ on profitability and cash flow in H1 2023, with growth in the UK & Ireland outperforming international
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NewsRoadchef sees visitor numbers recover
Roadchef saw over 47 million visitors to its services in 2022, while opening a McDonald’s drive-thru and pasta counter with Coco di Mama
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NewsPunch reports strong performance across divisions
Punch Pubs has updated on the 12 weeks ended 21 May 2023 (Q3 FY23), with total revenue of £75.8m and underlying EBITDA of £20.3m
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NewsPapa Johns acquires 27 new sites
The pizza group’s UK corporate estate now stands at 118 restaurants, with the company aiming to follow a similar owner-operator model to its home US market
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NewsDirectors buy True North Brew Co out of administration
Founder and MD Kane Yeardly acquired the 12-strong pub operator, brewer and distiller, which is based in Sheffield
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Analysis & InsightTDR Capital: ‘These guys are ninjas, I wouldn’t bet against them.’
Following the private equity group’s £50m backing of Popeyes UK, MCA looks at the background of the investor behind Stonegate, EG Group and Gondola Holdings
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NewsShaftesbury Capital: ‘Heart of West End remains attractive’
The landlord has reported “excellent momentum” across its portfolio, with high footfall and positive trading conditions despite the economic climate
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NewsYum! Brands sees growth in KFC UK sales
KFC UK sales were up 10% year-on-year in the second quarter and up 7% in the year to date, while sales remained stagnant for Pizza Hut Europe