Finance – Page 68
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NewsFresho raises £8m in Series A funding
The platform provides solutions for chefs to choose exact quantities for their needs in an online shopping experience specifically tailored to the B2B food industry
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NewsFulham Shore reports strong trading at new sites
The Franco Manca and The Real Greek operator has introduced menu inflation and negotiated rent reviews to mitigate industry-wide cost pressures, along with 10 new restaurant openings in the financial year
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NewsLiberation Group achieves £9.5m profits
The pub company and brewer generated almost the same level of EBITDA as the financial period before the pandemic and invested £9.6m in capital expenditure
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NewsFuller’s refinances debt facilities
The £200m refinancing, which matures in 2026/27, was described as a sigificant improvement to the cost of the previous debt faclilities
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NewsBrewDog bars see revenue up 31% in 2021
The Scottish brewer and bar operator said it has been achieving “record sales” in its bars so far this year, with 30 new venues due to open in 2022
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NewsComptoir Group is back in profit
Chief executive Chaker Hanna said the business had emerged from the difficulties of the last couple of years in a better position than pre-pandemic, and had the confidence and ability to expand
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NewsFood delivery group’s late arrival at profitability concerns analysts
Deliveroo’s stock market slide continued after JP Morgan issued a bearish broker note, reports The Times
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NewsJust Eat Takeaway to wipe £5bn off Grubhub valuation
Takeaway giant struggles to sell US arm as markets collapse, reports The Sunday Times
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NewsWingstop secures multi-million pound debt facility
Lemon Pepper Holdings, the master franchisee of Wingstop UK, has secured the facility from Barclays to help faciliate the continued roll out of the brand
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NewsHostmore reports decline in like-for-like revenue
The Fridays and 63rd+1st operator announced three new sites and a range of measures to mitigate the impact of falling consumer confidence
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NewsFoodservice drives profits at EG Group
Gross profit within its Foodservice operations increased by 54% year-on-year, driven by the acquisitions of Leon and Cooplands last year and new openings
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NewsHollywood Bowl sees food revenue up 8.4%
The bowling operator reported a rise in food revenues due to a simplified menu and price reductions
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NewsFoodsteps raises $4.1m to grow platform
The seed round will fund the expansion of the food tech startup, which allows businesses to measure and improve on sustainability
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NewsSSP sees ‘significant rebound’ in travel sector
In the UK, sales are back to around 82% of pre Covid-19 levels, with the air sector boosted by strong leisure demand, and the rail business helped by the return of commuters in increasing numbers
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NewsTRG sees robust trading at Wagamama and Pubs
The group believes the performance and recovery at Concessions will offset the impact of inflationary pressures
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NewsChilango acquired for £2.75m
Tortilla intends to retain and continue to operate the Chilango brand at certain locations and via delivery in a number of Tortilla sites
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NewsL&G turns up the heat on McDonald’s over antibiotics
The asset manager is piling pressure on McDonald’s over its use of antibiotics in industrial farming, the Mail on Sunday reports
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NewsOutgoing Dardis toasts strong Young’s results
The premium managed pub operator is “firmly back in business” with profit before tax of £41.8m
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NewsFood props up sliding drink sales at M&B
Mitchells & Butlers reported like-for-like growth of 1% in the 28 weeks to 9 April 2022, versus FY19, with encouraging signs of sales recovery in its city centre sites
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NewsC&C sells stake in Admiral Taverns
The Bulmers supplier disposed of its minority interest in the pub company for £55m to Proprium Capital Partners