All articles by Georgi Gyton – Page 115
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OpinionAnalysts’ verdict: Liberum and Peel Hunt on Loungers
Both Liberum and Peel Hunt have upwardly revised their full year estimates for Loungers, following the AIM-listed business’ positive interim statement yesterday (4 December).
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NewsSummer weather masked localised trading issues at Deltic
The Deltic Group saw a 4.7% hit to like-for-likes for the full year to 23 February 2019, in what it described as a “tough year for the company”.
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NewsLoungers like-for-likes up 5.4%
Loungers has achieved strong like-for-like sales growth of +5.4% during the 24 weeks to 6 October 2019, with the group on track to open 25 new sites per annum.
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NewsBrasserie Bar co considering Knutsford disposal
Brasserie Bar Co is considering disposing of its Brasserie Blanc site in Knutsford, after profits dipped below expected levels, MCA understands.
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NewsHarts Group closes Pastorcito after only four months
Harts Group has closed its Pastorcito site at Mercato Metropolitano, in Elephant and Castle, in order to focus on its existing restaurants.
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Analysis & InsightLow and no-alcohol sales double
Sales of low and no alcohol drinks in the on-trade have almost doubled (48%) in the past 12 months, according to a new report from CGA.
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NewsGoodbody and JP Morgan on Marston’s
Goodbody has said it retains its “cautious view” on Marston’s in terms of investment due to the fact it has endured an extended period of muted like-for-like growth, it said in a note following Marston’s preliminary full-year results update on Wednesday (27 November).
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NewsDaisy Green to open second City location
The Daisy Green Collection is to open its second site in the City next month, at 2 London Wall Place, taking its estate to 11.
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NewsBlack Sheep Coffee lines up three more before year end
Black Sheep Coffee is planning to open three more sites before the end of the year, as it expands across the UK.
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NewsLeon to open further sites with SSP
Leon is to expand its partnership with travel hub operator SSP, with a new opening planned for Cobham Services on the M25, MCA understands.
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NewsJamie Oliver considering new restaurant openings
Jamie Oliver has said he would consider opening new restaurants, following the collapse of his restaurant empire earlier this year, but only after the high street has sorted itself out.
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NewsHop Vietnamese closes in on crowdfunding target
Hop Vietnamese has raised more than three quarters (81%) of its £750k crowdfunding target, with 19 days still left to go.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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Analysis & InsightFrequency up across the board in eating out sector
Eating out frequency rose across all day parts in October 2019 compared to the same period last year, from 92.4% to 92.7%, according to MCA’s latest Consumer Dashboard.
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NewsRalph Findlay: ‘We are behind the market on food’
Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.
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OpinionChestnut Group: Passion project
By tapping into the East Anglian opportunity, Chestnut Group founder Philip Turner has managed to double the size of his business in the past year. He talks to Georgi Gyton about his passion for the region and the next stage of Chestnut’s growth.
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NewsYoung adults lack trust in mobile payment apps
Less than a quarter of 18-24-year-olds use their smartphones to pay bills when eating out, with confidence and customisation issues flagged up as barrier to use, according to the latest GO Technology report from Zonal and CGA.
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Analysis & InsightSpend up at dinner despite visit challenge for pubs
Average spend at pubs during the dinner occasion has seen a strong increase, despite the challenge for operators to grow share of visits at this day-part, according to MCA’s latest Pub Brand Monitor.
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NewsWingstop secures Bluewater site; partners with XBox
Wingstop UK has secured its third UK site, and will open at Bluewater in Kent, in collaboration with Microsoft XBox, in early 2020.
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NewsShaftesbury F&B tenants reporting turnover growth, on average
Shaftesbury has said its food, beverage and retail tenants are, on average, reporting growth in turnover, however, in common with business generally, cost pressures and staff shortages continued to present operational challenges.