Finance – Page 70
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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
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NewsFuller’s: 'The future looks very positive'
The premium pub group saw strong growth in revenues, like-for-like sales and profit, as the business fully recovered from covid-related restrictions
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Analysis & InsightM&A: ‘Confidence is starting to return’
With a recent flurry of transactions including Snowfox’s £491m sale to Zensho Holdings giving a boost of confidence to the hospitality sector, has the dam finally burst on the covid-era blockage of M&A deals?
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NewsShaftesbury Capital reports hospitality sales up on 2019
The West End landlord said its retail, hospitality, and leisure customers have reported sales 13% above 2019 on a like-for-like basis
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NewsEverards returns to profit
The Leicestershire-based brewer and pub operator reports like-for-like sales growth of 6.3% in the nine months to June 2023
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NewsBusaba swings to a loss
The Thai restaurant business said trading over the year to 18 September 2022 was strong, with 2% like-for-like sales growth, but increased costs saw it record a post-tax loss of just over £3m.
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NewsBritain forecast to avoid recession this year
KPMG no longer expects a recession in 2023, instead forecasting that GDP will increase by 0.3%, but economists have said both businesses and consumers will still be in for a tough year.
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NewsPizzaExpress claims it’s on surer financial footing
The restaurant chain has said its debt levels have significantly improved in recent years and are now half of what they were under the previous ownership.
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NewsFulham Shore takeover deal voted through
Toridoll’s £93.4m acquisition of the Franco Manca and The Real Greek operator was approved by Fulham Shore’s shareholders at a Court Meeting and General Meeting, held on Friday.
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NewsNightcap acquires Dirty Martini in £4.65m deal
The late-night bar operator has entered into an asset purchase agreement to acquire Dirty Martini’s 10 bars, as well as Tuttons Brasserie in a pre-pack deal
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NewsBrewDog bars help drive 20% sales growth in 2022
Its new flagship Waterloo and Las Vegas sites have performed above expectations and offer a clear example of how it sees its bar estate evolving, CEO James Watt said.
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InterviewsImbiba ‘obsessed’ with the longevity of experiential leisure
Managing partner Darrel Connell tells MCA that, like casual dining, experiential leisure concepts must update and evolve to remain relevant to consumers
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NewsJames Watt invests in Clean Kitchen Club
The BrewDog CEO and co-founder has revealed he is an investor in the plant-based QSR concept, which has plans to open several larger format central London sites this year.