Finance – Page 81
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NewsCovid recovery loan scheme to be extended
A six-month extension of Government’s recovery loan scheme is expected to be announced in next week’s Budget.
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NewsRed Oak secures growth capital
Red Oak Taverns has secured a £15m acquisition facility with OakNorth Bank, which will fund the pub operator’s acquisition of nine pubs from Hall & Woodhouse earlier this year
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NewsOakman sales up 36% versus 2019
The group has just opened its 36th site, The Rose Inn in Wokingham, following a £2.1m restoration and redesign project, with another 11 sites due to open before the end of 2023.
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NewsDeliveroo continues to see strong growth in GTVs
Founder and CEO Will Shu said the business had continued to make good progress executing against its strategy, resulting in a strong performance in Q3.
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NewsGiggling Squid still considering IPO
Giggling Squid is to look at its options with regards to a potential flotation early next year, co-founder and chief executive Andy Laurillard has told MCA.
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NewsProperty market is ‘once in a lifetime opportunity’ for Tortilla
Torilla CEO Richard Morris has told investors the fast-casual brand’s pipeline is as “strong as it’s ever been”, as it capitalises on property costs which are 20%-30% down.
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NewsGerry Ford: Caffe Nero on 'road to recovery'
Caffè Nero said sales have reached 87% of 2019 levels, and expected to reach sales levels of 90% in November.
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NewsD&D revenue hit as staff shortages suppress capacity
A lack of staff has meant the restaurant group has had to reduce covers, with the situation likely to worsen as Christmas approaches.
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NewsUK companies cool on IPO plans as investor jitters grow
Steak chain Hawksmoor postpones listings, while PureGym reconsiders its flotation
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NewsNeat Burger raises money from SoftBank’s Misra at $70m valuation
Tech executive leads fundraising round for Lewis Hamilton-backed vegan restaurant chain
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NewsRaymond Blanc’s restaurant group set for £50m takeout
The restaurant chain founded by celebrity chef Raymond Blanc is poised to change hands in a deal that will allow it to expand its pubs business, the Sunday Times reports.
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NewsLoungers achieves 'significant outperformance of market'
Loungers has seen like-for-like sales up 27% since reopening its restaurants on 17 May, compared with the same 20-week period in 2019.
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NewsFridays’ parent company Hostmore to list in November
Hostmore reiterates its intention to demerge from Electra Private Equity and begin trading as an independent listed company
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Analysis & InsightIncreasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.
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NewsDomino’s recruits 8,000 more staff as it delivers 'strong quarter'
The Q3 trading update reports underlying like-for-like sales growing by 6.4%.
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NewsJust Eat investments drive growth
Just Eat in the UK reached 200m orders in the first nine months of 2021, up 51% in the third quarter of 2021 compared with the same period last year.
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NewsMarston’s returns to growth
Sales were up 2% compared to 2019 across its managed and franchised pubs, in the period from 25 July to 2 October.
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NewsMission Mars reports strong recovery
Rudy’s Pizzeria has delivered revenue of £8.1m to date in 2021, with like-for-like sales growth of 39% against the same period in 2019.
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NewsTurtle Bay sees sales up more than 75% since May
The Piper-backed Caribbean restaurant chain has several new openings on the cards as it looks to grow its estate on the back of strong sales growth.
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NewsCaring group secures new banking facility
Richard Caring’s restaurant group Troia Limited has secured a new £168m revolving credit facility, covering Caprice Holdings, The Birley Group and Troia UK Restaurants