All articles by Georgi Gyton – Page 15
-
NewsJust Eat Takeaway to be acquired in €4.1bn deal
Investment group Prosus has made an all-cash offering, valuing Just Eat’s shares at €20.30 per share, and believes the acquistion will be an “opportunity to create a European tech champion”
-
NewsHeavitree Brewery sees profits fall in FY24
The Exeter-based brewer and pub operator reported a decline in profit after tax, from £1.51m in 2023, to £1.32m for the year to 31 October 2024, despite a 35% increase in operating profit.
-
Analysis & InsightIs meat really making a comeback?
MCA delves into reports suggesting a surprise swing back to growth in meat consumption, particularly among health-conscious younger people, but finds a more complex, nuanced picture in the data
-
NewsCaffè Nero UK achieves 17% increase in EBITDA
The coffee chain added 29 new shops to its UK estate during FY24, and saw strong sales growth within its delivery, which contributed to a 10% increase in overall sales, to £333m.
-
NewsStonegate launches dancefloor-filler campaign
The group launches its ‘Get Britain Dancing’ campaign this Friday, with free entry to events at select venues and free drinks for guests who sign up via its MiXR app
-
NewsMajority of UK workers subject to compulsory office attendance
The proportion of companies requiring employees to be in the office for three days a week increased from 67% in the final quarter of 2023, to 75% in the same period in 2024, new data has shown
-
NewsJob cuts planned by quarter of UK employers
Of the businesses expecting staffing costs to rise in April, a third plan to respond by cutting headcount, either through redundancies or by recruiting fewer workers, the CIPD has found
-
NewsNando’s extends apprenticeship scheme to ROI
Launched as part of National Apprenticeship Week, last week, the programme’s content is aligned to Nando’s current Level 3 apprenticeship in England and Scotland
-
NewsIndividual Restaurants launches new pizza concept
The group is to open Naples-inspired restaurant Forbici, on Manchester’s Cross Street next month, as part of its plans to accelerate the growth of the business.
-
NewsGordon Ramsay’s UK and US restaurant operations to merge in Lion Capital deal
The agreement gives both parties a 50% stake in the new holding company, with the board and exec team at the almost 100-strong group to be headquartered in London.
-
InterviewsRed Engine: ‘UK will always be a hotbed of opportunity for us’
As the experiential leisure business enters its tenth year, founder Steve Moore speaks to MCA about the evolution of the sector, future growth opportunities and how competition only pushes the Flight Club and Electric Shuffle operator to be better
-
NewsBagel Factory targeting 40 locations this year
The 34-site business, owned by Italian food group Cremonini, reported a “significantly improved” performance in 2023, with turnover up 57.6% to £4.8m, according to its latest accounts.
-
OpinionPM pubs campaign: ‘Popping into his local won’t make any difference’
Keir Starmer may still frequent his local pub, but the sector needs material support in the form of business rate discounts and lower VAT, pub leaders tell MCA
-
Analysis & InsightToughest recruitment conditions since 2020
Demand for staff continued to decline across all sectors in January, with the number of vacancies declining by the greatest degree since August 2020, according to the latest KPMG and REC UK Report on Jobs.
-
Analysis & InsightUK branded coffee shop market sees 5.2% growth
The £6.1bn industry saw a further 570 net new outlets open over the past year, with Costa Coffee remaining the UK’s largest branded coffee chain
-
EventsBook your tickets for MCA’s Food to Go Conference
The full-day conference boasts some of the biggest brands in sector, including Wingstop, German Doner Kebab, Costa Coffee, Papa Johns, Chipotle and Ole & Steen – so don’t delay, book your tickets for this must-attend event
-
NewsCornish Bakery accelerating expansion this year
The business has opened six new sites with “a further five under offer”, since its year end in May 2024, and is on target to achieve a significant uplift in EBITDA, to reach in excess of £5m in FY24/25
-
NewsBeer bottles under threat from net zero targets
The introduction of the so-called ‘glass tax’ could result in an additional 7p per 500ml bottle resulting in many brewers ditching glass in favour of aluminium cans
-
NewsNICs hit won’t blow The Ivy sale off course
The Ivy restaurant group is preparing for an additional £6 million annual hit from the increase in employer national insurance contributions, but it won’t derail plans for a sale of the business, it has been reported
-
Analysis & InsightLate night venue numbers drop 25% in last five years
Nightclubs and late-night bar numbers may be down but venues operating in the wider evening economy have increased by 3.9% in the past 12 months, according to the new Night Time Economy Monitor