Finance – Page 46
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InterviewsHeartwood Collection: ‘We are moving forward at pace’
MD Richard Ferrier says surety of funding is enabling it to grow quickly, with investor Alchemy motivated to deploy capital for the right acquisitions
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NewsHMRC objects to Prezzo restructuring plan
The tax authority argues the Italian chain, which is backed by the owners of Chelsea FC, is using the process to avoid paying due tax, Bloomberg reports
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NewsHeavitree: Fears over trading have not materialised
Feedback from tenants has been that top line trading has held up well during the first half of the financial year with the Exeter-based brewer and pub operator reporting ”satisfactory numbers”
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NewsBoost Juice hails strong recovery
Parent company TD4 Brands, which operates 33 sites, grew sales by 82% to reach £13.9m in 2022
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NewsVarious Eateries sees ‘marginal’ like-for-like rise
The Coppa Club operator reported a 16% increase in group revenue for the 26 weeks to 2 April 2023, to £20.6m, with like-for-like sales “marginally up” versus the prior year.
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NewsDirty Bones sold in pre-pack deal
Hampered by high interest loans and debts to HMRC, founder Jamie ‘Cokey’ Sulkin has acquired three out of six sites under a new vehicle
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InterviewsRevolution: ‘Peach Pubs deal is paying off’
With its core Revolution Bars brand hit by the cost of living crisis, group CEO Rob Pitcher says the acquisition of Peach has opened up a whole new, wealthier, demographic to tap into
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NewsSan Carlo ‘delighted’ with recovery
The premium Italian restaurant operator boosted turnover by 137% to £68.9m in 2022
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NewsShake Shack UK operator sees losses widen
Diverse Dining, which operates the Shake Shack brand in the UK, saw sales up from £34.8m to £44.2m, but reported a loss of £4.6m for the year to 31 December 2022.
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![Kevin Georgel, Chief Executive[80]](https://d36hgjhwuw81py.cloudfront.net/Pictures/100x67/3/3/9/297339_kevingeorgelchiefexecutive80_668299.jpeg)
NewsSt Austell’s top line ‘in good health’
The group achieved a 34% increase in revenue in 2022, versus 2021, however the bottom line remained a challenge, chief executive Kevin Georgel says
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NewsActivist investors launch fresh attack on Wagamama owner
The salvo comes as The Restaurant Group’s finance chief steps down and its share price plunges by 20%, The Telegraph reports
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NewsThwaites in ‘strong position’ to regain pre-Covid momentum
The Lancashire-based pub operator and brewer reported a turnover of £108.8m for the year to March 2023, up from the prior year’s £96m
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NewsSSP revenues driven by air travel
UK & Ireland revenue remains at 94% of 2019 levels, driven by air travel due to the impact of industrial action on UK rail
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NewsWhitbread F&B sales recover in Q1
Whitbread has announced its Q1 FY24 trading update, with total revenue up 19% and total UK F&B sales 10% ahead vs FY23
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NewsD&D London appoints advisors to raise new finance
Investor LDC has exited the restaurant and bar group and transferred its holding Beechbrook Capital, with D&D appointing Interpath Advisory to secure further long term financial support
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Analysis & InsightDamage control: Righting the passage of TRG’s share price
Is The Restaurant Group’s new strategy a big enough catalyst to improve the position of its share price or is a more radical shake-up required? MCA reports
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InterviewsFuller’s ‘We’ve been through a hell of a lot’
CEO Simon Emeny tells MCA how buzzing London has helped the pub group make a return to strong like-for like-growth
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NewsWadworth looking to reinvest in pub estate
The brewer and pub operator, which has recorded a loss for the year to 31 December 2022 of £3.8m, said it hoped cost efficiencies from its new brewery could be ploughed back into its pubs
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NewsM&B tipped as frontrunner in £600m Whitbread sale process
Whitbread is understood to have earmarked 250 of its 440 pub-restaurants for possible disposal and has approached established pub companies in order to try and avoid a drawn-out sales process.
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NewsVaulkhard Group secures £4.5m funding package
The Newcastle-based leisure operator has already acquired two new pubs thanks to the package from HSBC UK and is looking for further opportunities in the North East