Finance – Page 65
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NewsDiageo sales driven by premiumisation trends
The beverage producer reported strong sales and profit growth in its preliminary results, driven by premium brands and spirit sales
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NewsState of Play secures $10m investment from Red Engine
As part of the deal, Steve Moore, co-founder and CEO of Red Engine, will join the board at State of Play, as it looks to push forward its expansion in the US and UK
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InterviewsTriSpan: ‘Thunderbird is in a good place’
Robin Rowland admits it was “a steep learning curve” with the fried chicken brand, but a wider rollout is not far off, he tells MCA
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NewsMarston’s lfl sales down 2% on 2019
In its third quarter update, the pub operator reported growing drink sales but weakening food sales in the last four weeks to 23 July, due to the recent heatwave.
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NewsVAT hike hits McDonald’s UK sales
Despite the return of the 20% VAT rate, the fast food giant “continued to build QSR market share” in the UK, Kevin Ozam, CFO, McDonald’s Corporation said following its Q2 results update
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NewsRobinsons returns to profit
The Stockport-based brewer and pub operator experienced strong sales last year, recording a profit before tax of £15.4m, and said it continues to be acquisitive
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Analysis & InsightEBITDA margins increase for operators
Average margins across bars and restaurant have increased to 15% over the past 12 months, according to a new report by Shaw & Co
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NewsBrighton Pier Group sales exceed £40m
The group’s bar division reported like-for-like sales growth of 21% compared to 2019
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InterviewsRobin Rowland: ‘Pho deal was fantastic for both sides’
TriSpan’s Robin Rowland and Pho MD Patrick Marrinan spoke to MCA about their Investor of the Year win, why the magic of the brand lies in the founders, and its development journey since the deal
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NewsStonegate managed lfls up 2.3%
The group recorded total revenue for 28 weeks to 10 April 2022 of £827m, compared to £128m the prior year, with sales recovering well since reopening last year
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NewsOakman hires advisers to explore refinancing
The group is understood to have hired Forster Chase to explore refinancing options, as it looks to refurbish a number of new acquisitions
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NewsMitchells & Butlers’ sales driven by food
The pub business saw a decline in like-for-like drink sales since 2019, partially offset by a rise in food sales
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NewsFulham Shore comes out strong post-pandemic
The Franco Manca and Real Greek operator reported a 20.6% increase in turnover compared to pre-pandemic, with a pipeline of over 120 restaurants
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NewsFuller’s reports recovery in capital
In a statement preceding its AGM today, the pub operator reported continued recovery in central London venues and an overall like-for-like sales increase of 3% compared to 2019
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NewsJoseph Holt reports slow recovery
The independent pub and brewery operator reported sales are recovering since the pandemic but have yet to catch up to 2019 levels
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NewsDeliveroo feels impact of consumer cost pressures
The delivery company has updated its guidance, and downgraded its forecasts for full-year gross transaction value growth
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NewsTortilla like-for-like sales up 19%
Group revenue increased by 60%, to £26.9m, in the half year to 3 July 2022, compared to 2019 – a 55% increase excluding the impact of its acquisition of Chilango in May this year
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NewsEx-McDonald’s boss makes clean start
Steve Easterbrook is said to have backed Clean Kitchen Club, which has drawn up plans to open dozens of outlets in several cities, The Times has reported.
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NewsFever-Tree boss bolsters shares
Tim Warrillow, the chief executive of Fever-Tree, has spent more than £1 million on shares after a stinging profit warning, The Sunday Times has reported
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NewsStarbucks explores sale of UK division
Coffee giant seeks potential buyers as challenges mount, The Sunday Times has reported