Finance – Page 55
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NewsBoxpark pushes revenue past pre-pandemic levels
Group revenue rose by 24% vs the year ending April 2020, reflecting post-pandemic growth and changes across the business
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NewsDirectors’ Deals: Wetherspoons founder Tim Martin tops up
Chairman Tim Martin buys 2.6m shares after 40% fall in the value of the pub company’s shares over the past 12 months, the FT reports
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NewsNero Group accelerates growth plans for Harris + Hoole and Coffee#1
Harris+Hoole has announced plans to restart its rollout programme while Coffee#1 saw sales exceeding £1.1m in January
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NewsMegan’s to open six sites this year
The all-day dining concept is set to deliver £26m of revenue in FY2023, with recent trading described as “exceptionally strong”
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NewsSoho Coffee Co sees sales recover
While revenue remains behind pre-pandemic levels, the coffee chain’s parent company BTC Hospitality has stated it remains committed to supporting future growth
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NewsActive Partners gives Honest Burgers fuel for growth
The investor supported the burger brand’s plans for two new sites with additional funding of £1.3m last year
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NewsStarbucks UK achieves double-digit growth
The UK contributed to Starbucks’ strong international sales performance, with double-digit comparable sales growth in the 13 weeks to 1 January 2023.
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NewsLittle Door & Co announces record-breaking Christmas
The late night bar and restaurant group has reported revenue of over £1.3m across its four-strong estate in London
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OpinionM&A: Will 2023 prove to be a game of two halves?
Corporate finance specialists Graeme Smith and Craig Rachel from AlixPartners assess the landscape for M&A activity this year and believe there is room for optimism
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NewsStonegate looking to sell 1,000 pubs to pay off debt
The TDR Capital-owned group is looking to raise an estimated £800m from the sale of the pubs, with real estate investment bank Eastdil Secured appointed to advise on the planned sale, according to a report.
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NewsHickory’s saw like-for-likes up 30% last year
The barbecue and smokehouse restaurant group, acquired by Greene King in October, said it had repaired the damage to its balance sheet done by the lockdowns.
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NewsMcDonald’s Raise the Arches campaign hits the right note
Recently launched in the UK, the marketing campaign – which never mentions the brand name – has been driving customer engagement
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NewsUK growth to fall behind Russia
The IMF has forecast Britain will be the only leading economy to slide into recession this year, as household spending struggles with high energy prices and rising mortgage rates
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NewsTriSpan acquires stake in Mowgli
The global private equity firm is backing the continued expansion of the Indian street food concept, led by Nisha Katona, which has a significant future pipeline in place, including its Brighton restaurant which opens next month.
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NewsBoE poised to raise interest rates again
The financial markets are expecting a 0.5 percentage point increase in the central bank’s base rate, to 4% – its highest level since the 2008 financial crisis.
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NewsCapco sees strong trading in Covent Garden
The West End property company, soon to merge with Shaftesbury, said it saw leasing momentum in its targeted categories, including new signings such as Gaucho
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NewsCaffè Nero pushes sales past pre-pandemic levels
The coffee shop business saw UK sales in December averaging 110% of pre-Covid levels.
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NewsEG Group warned over £7bn debt pile
The owner of Leon and Cooplands Bakery has been warned it faces the growing risk of a rating downgrade if it fails to address its debts by the end of June.
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NewsPing Pong acquired by former CEO for £3.13m
The dim sum business was running at a deficit of £11.6m to its founder Igor Sagiryan, a Russian national and former investment banker whose business interests are registered off-shore
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NewsMcWin Fund to acquire major stake in L’Osteria
The German restaurant business currently has two sites in the UK with McWin looking to drive expansion in multiple new and existing European markets.