Finance – Page 44
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NewsTrust Inns sees profits recover
The Lancashire-based operator, which has an estate of c340 pubs, reported turnover of £38.3m for the year to April 2023
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NewsLiberation Group reports strong first half
The group’s H1 2023 trading update saw overall like-for-like (lfl) sales up 8.1% within its managed pub estate, with accommodation performing particularly well
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NewsHeineken UK revenues up, volumes down
Beavertown became the largest craft beer brand by value share of total beer, building scale and momentum in the on and off trade
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NewsWorkshops Coffee acquired in MBO
Barkby Group has disposed of the speciality coffee business for a total consideration of £2.2m, led by CEO James Dickson
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NewsGreggs keeps up strong momentum
The bakery brand reported first half revenues up 21.5% to £844m and company like-for-like sales up 16% as it seeks to become a “significantly larger, multi-channel business”
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NewsDomino’s defies challenging market
The pizza group increased group revenue by 19.6% to £766m in the first half, driven by increased sales volumes, new store openings and the pass-through of food costs
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NewsCosta drives growth at Coca-Cola
The coffee chain’s UK performance helped drive 10% second quarter growth in its parent company’s Global Ventures division
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NewsBrewDog ships record beer volumes
Second quarter sales grew 11% at the Scottish craft brewer, beating a wider decline in the overall UK beer market
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NewsChipotle looks to pick up pace of UK growth
CEO Brian Niccol has said the Mexican-inspired chain sees strong opportunity and looks to “set up” the region for long-term growth
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NewsMcDonald’s: UK close to worst consumer climate in Europe
The fast food giant is trialling a small-format concept called CosMc’s and remains “overall pleased” with the performance of its European markets, says CEO Chris Kempczinski
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NewsBoston Tea Party trades ahead of forecasts
The South West cafe group grew sales by 71% to £22.8m last year, driven by two new cafe openings
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NewsSwingers secures new £40m funding round
Led by existing investor Cain International, the Series C funding will see the mini golf concept expand to at least 15 locations by 2026, including a flagship site in Las Vegas
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NewsJust Eat reports return to growth in UK & Ireland
With the majority of orders coming from Northern Europe and the UK and Ireland, the two segments returning to growth is “a key milestone”, says CEO and founder Jitse Groen.
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NewsLate night demand continues to slide for Revolution Bars
Group like-for-like sales were down 8.7% vs pre-Covid, while Peach Pubs continues to trade strongly at 14% ahead of pre-pandemic
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NewsMarston’s retains strong consumer demand
Marston’s has issued a trading update for the 42 weeks to 22 July 2023, with like-for-like sales for the period up 10.7% vs FY2022
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NewsBig Smoke Pub Co acquired out of administration
The transaction protects all five pubs in the estate, while a joint venture with Punch Pubs & Co has not been impacted
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NewsBrighton Pier hit by hotel fire
The Luke Johnson-chaired group has warned revenues will be below market expectations after being hit by bad weather, train strikes and a fire at the Royal Albion Hotel
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NewsFuller’s sees strong start to summer
Fuller’s has provided a trading update ahead of its AGM today, with like-for-like sales rising by 15.1% in the 15 weeks to 15 July 2023
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NewsTRG reports strong trading in year to date
The Restaurant Group has said it is reviewing its strategic options while accelerating the expansion of Wagamama, and reported progress on the rationalisation plan for its leisure estate
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NewsSSP completes banking refinance
The new financing consists of a £300m four-year term loan and a currently undrawn £300m revolving credit facility provided by a syndicate of banks