Finance – Page 80
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Analysis & InsightHostmore offers prospect of ‘significant payoff’
Newly-listed hospitality operator Hostmore is well placed to take advantage of the growth opportunities from the fallout of Covid-19, believes Edison.
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NewsFulham Shore restaurants 'continue to break trading records’
Trading at Fulham Shore’s city centre restaurants has “performed particularly well” in the five weeks since the end of September
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NewsBurger & Lobster: ‘Weekly sales continue to increase’
The London-based restaurant group said the business “is currently well-positioned for expansion.”
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NewsNightcap: ‘ongoing strong performance’
Nightcap has announced a 68% total net sales increase versus 2019 and a”strong” pipeline of site openings and Christmas bookings.
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NewsThai Leisure Group to invest in current estate
Thai Leisure Group announces “promising” trading results since April 2021 and plans to focus on refreshing its current estate.
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NewsHostmore admitted to LSE
CEO Robert B. Cook said the listing would enable the business to add individual sites and acquire appropriate smaller brands
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NewsValiant Pub Co acquires 17 pubs from SA Brain
Valiant was co-founded by Gerry Carroll and Mark McGinty, the founders of Hawthorn Leisure, and James Croft, formerly of EI Group
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NewsBars sales up 36% at Brighton Pier Group
Its late-night bars were almost entirely closed throughout the 52-week period to 27 June 2021, with revenue down 86% to £1.3m, but trading has been strong since reopening in July.
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Weekend PressRoadchef poised to change hands for up to £1bn
City sources said its owner – a French infrastructure and private equity firm called Antin – has appointed advisers from Australian investment bank Macquarie
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Weekend PressGreggs sues Zurich for £100m over unpaid Covid claim
The food to go chain has claimed it is owed the payout as compensation for when its stores had to close due to government-enforced lockdowns
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NewsBoost Juice settles £6m in loans
Parent company TD4 Brands has reached an agreement with its funder BGF to settle its outstanding loan notes
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NewsUK leads McDonald’s international growth
Delivery, digital and strong marketing promotions have seen McDonald’s UK business deliver strong double-digit sales growth
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NewsVarious Eateries reports very encouraging trading
Like-for-like revenue across the Coppa Club estate was up 21% from 17 May to 3 October 2021 compared to 2019
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NewsSunak: ‘Challenging backdrop of rising inflation’
Chancellor Rishi Sunak has warned inflationary pressures will continue to buffet the UK economy, and is forecast to average 4% next year
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NewsUrban Pubs & Bars acquires 13 sites from Barworks
The transaction comes on the back of Urban’s recently announced partnership with Davidson Kempner and Global Mutual.
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NewsRates review delay ‘a disheartening prospect’
Kate Nicholls, CEO, UKHospitality said she hoped the expected delay was an indication the Chancellor recognised the extent of the changes needed to overhaul the current business rates system.
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NewsPret to expand into Canada with new partnership
A&W will bring Pret food and coffee to customers in its restaurants in Canada during an initial two-year trial phase.
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NewsChancellor in row over Treasury’s failure to cut business rates in Budget
Rishi Sunak is at the centre of a Cabinet row over the Treasury’s failure to cut business rates, despite an explicit Conservative manifesto pledge to do so.
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NewsSupper secures £2.4m from Growthdeck
The high-end restaurant delivery platform operates a fleet of custom-made, stabilised vehicles and employs its drivers directly
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NewsJust Eat says UK losses have ‘clearly peaked’
UK MD Andrew Kenny said investments in areas like marketing and pricing had inevitably hit profitability but it was confident EBITDA was on an upward trajectory.