Finance – Page 53
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NewsJDW: like-for-like sales up amid ‘ferocious’ inflationary pressures
Like-for-like (lfl) sales were up 5% vs FY19, with a revenue of £916m for the 26 weeks ended 29 January
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NewsShepherd Neame maintains resilience amid inflationary pressures
While revenue was up 8.4% and demand was encouraging in H1 2023, margins were impacted by cost inflation
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NewsStonegate delivers ‘creditable’ performance
Britain’s biggest pub and bar group grew revenues to £1.6bn in the full year to September 2022, with adjusted profit before tax of £66m. The business said disposals of non-core pubs was a strategic option to drive value
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NewsGrind completes £15m investment round
The coffee business, which also completed on the acquisition of ready-to-drink coffee company Bottleshot, will use some of the funds to expand its coffee shop estate
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NewsDeliveroo reports progress towards profitability
The delivery company has reported preliminary FY22 results, with gross profit up 30%, revenue up 14%, and gross transaction value up 9% year-on-year
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NewsNew PE firm in contention for Subway acquisition
Advent International has joined the list of parties which remain in the running to buy US sandwich chain Subway, alongside the likes of Goldman Sachs and Bain Capital.
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NewsNightcap reports resilience in face of rail strikes
The late-night operator saw a 5.8% lfl decrease against H1 FY22, attributed to strike action, and reported revenue of £23.5m for H1 FY23
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NewsFridays owner serves up alarm by delaying results
The company behind the Fridays restaurant chain has sparked concern among investors after delaying its annual results pending discussions with its banks, The Times reports
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NewsUK economy rebounds in January
GDP grew by 0.3%, according to new data from the Office for National Statistics, driven by a rebound in the services sector
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NewsEG Group’s foodservice business makes ‘good progress’
The Leon owner said the ongoing growth of its foodservice business was supported by an increase in outlets globally
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NewsChopstix acquires Chozen Noodle
The Asian QSR brand has acquired competitor Chozen Noodle for an undisclosed sum, including all 27 of its sites in Motorway Service Areas
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InterviewsAndy Hornby: ‘Pressure from Oasis has no bearing on TRG’s strategic plan’
CEO Andy Hornby tells MCA the strategic plans announced yesterday were “entirely grown from within” and not in response to shareholder disquiet
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NewsDomino’s gains share of takeaway market
The pizza company hailed the reset of its relationship with franchise partners in 2021 as underpinning a strong performance in 2022
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NewsStarbucks boosts sales but sees profits slide
The coffee shop brand saw UK sales exceed pre-pandemic levels, but wage and cost inflation led to a dip in profits
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NewsTRG to offload 35 sites from Leisure division
The Restaurant Group reported a statutory loss before tax of £86.8m, as its leisure division was hit by cost-of-living and inflationary pressures
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NewsGreggs sees opportunity for more than 3,000 sites
The food-to-go operator has reported robust like-for-like trading, with total sales of £1,513m in 2022, and looks to grow through both new openings and channels
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NewsRevolution Bars faces headwinds
The group announced £76m in sales for H1 FY23, with transport strikes, declining consumer confidence, record hot weather, and cost inflation impacting profitability
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NewsThorley Taverns sees revenue double
The Kent-based hospitality company saw turnover increase from £6.7m in 2021, to £13.4m for the full year to 30 June 2022.
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NewsTRG expected to put forward ‘cogent strategic plan’
Analyst Singer has said that while it expects the plan to address the rebuilding of shareholder value and profitability, it does not anticipate radical action
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NewsStarbucks ends speculation about UK sale with £30m investment
The coffee shop chain as ended speculation about a potential sale of its British business, announcing plans to invest millions in the refurbishment of its existing sites and open 100 new coffee shops in the UK.