All articles by Georgi Gyton – Page 15
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News
Late night sector expects no benefit from new Energy Relief Scheme
A flash poll of members of the Night Time Industries Association found that 40% of businesses will lose money under the revised scheme
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News
TriSpan acquires stake in Mowgli
The global private equity firm is backing the continued expansion of the Indian street food concept, led by Nisha Katona, which has a significant future pipeline in place, including its Brighton restaurant which opens next month.
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News
Business optimism has grown in new year
Overall confidence levels among UK companies increased by to 22% this month – its highest level for the past six months, according to the Lloyds Bank Business Barometer.
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BoE poised to raise interest rates again
The financial markets are expecting a 0.5 percentage point increase in the central bank’s base rate, to 4% – its highest level since the 2008 financial crisis.
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News
Capco sees strong trading in Covent Garden
The West End property company, soon to merge with Shaftesbury, said it saw leasing momentum in its targeted categories, including new signings such as Gaucho
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News
Caffè Nero pushes sales past pre-pandemic levels
The coffee shop business saw UK sales in December averaging 110% of pre-Covid levels.
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News
Hospitality sees highest average wage rise by sector
The average weekly wage for full-time hospitality workers has risen by 53% over the past decade, to £502 per week, according to ONS data for the year to 30 September 2022.
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News
Diageo looking to develop alcohol-free whisky
The owner of whisky brand Johnnie Walker said it was researching alcohol-free alternatives to the spirit, as well as rum
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News
Chancellor to deliver upbeat message on economy
Jeremy Hunt is set to dismiss “gloom” about the prospects for the UK economy and instead deliver a message that the government will bring about long-term prosperity
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News
EG Group warned over £7bn debt pile
The owner of Leon and Cooplands Bakery has been warned it faces the growing risk of a rating downgrade if it fails to address its debts by the end of June.
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Analysis & Insight
Top 10 pub and bar brands return to net outlet growth
The return to net outlet growth of 0.1% has followed two years of slowing net outlet decline, according to Lumina Intelligence, with Loungers leading the way in terms of expansion with its Lounge brand
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News
BrewDog to roll out mental health and wellbeing programme
The brewer and bar operator’s 3,000 staff globally will have access to a personalised holistic ‘Pathfinder’ wellbeing programme, supported evidence-based content and courses.
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News
Tim Martin: ‘We’ll get back to pre-pandemic prosperity’
The JD Wetherspoon chairman told MCA the business was still being impacted by the concerns of older customers about coming out and a change in consumer habits
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News
McWin Fund to acquire major stake in L’Osteria
The German restaurant business currently has two sites in the UK with McWin looking to drive expansion in multiple new and existing European markets.
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News
WatchHouse Coffee makes MD appointment
Caroline Ottoy joins the speciality coffee company from her role as operations director at Planet Organic.
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News
Growth prospects for UK economy have fallen
Chancellor Jeremy Hunt will be left with a multi-billion-pound hole before the next budget in March, the Office for Budget Responsibility has warned.
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News
Wetherspoon's sales down on pre-pandemic levels
Like-for-like sales at the pub company were 0.7% lower in the 25 weeks to 22 January 2023, compared to the period immediately before the pandemic, and 2% lower in the past 12 weeks.
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News
Further calls for inquiry into poor conduct by energy suppliers
The BBPA has written to the chairs of the Treasury and Business Select Committees urging them to investigate potential instances of profiteering.
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News
Whitbread appoints second Dame to board
Whitbread has appointed Dame Cilla Snowball as a non-executive director of the company, with effect from 24 January.
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News
Incipio appoints new ops director
Incipio Group has appointed Cormac Rawson to the position of operations director.