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All articles by Georgi Gyton – Page 45
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NewsGreene King achieves +60% increase in group revenue for FY22
The pub company and brewer reported adjusted operating profit of £192.6m for the 52 weeks to 1 January 2023, compared to £18.6m the prior year, with the new financial year to be one of continued investment
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NewsHostmore appoints McEwan as permanent CEO
Julie McEwan took up the post of interim CEO on 10 January 2023, after former CEO Robert Cook stepped down from the role.
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InterviewsStar Pubs & Bars: ‘We are focused on premiumising the local pub experience’
The pub company is focused on enhancing the experience at its pubs in order to drive spend and appeal to a broader base of customers, Star Pubs’ property director Chris Moore told MCA.
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NewsLiberation Group sees strong start to year
The group reported sales in its UK managed pub estate were up 4.7%, for the 12 weeks to 22 April 2023, with Cirrus Inns now successfully integrated into its Butcombe Pubs and Inns business
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NewsHeineken to invest £40m in pub upgrades
Around 570 sites in the Star Pubs & Bars estate are due to benefit from investment, with a key focus on its neightbourhood locals as more pubgoers are choosing to visit a pub that is closer to home
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Analysis & Insight‘Retaining low-ticket credentials is key to survival of food to go sector’
There has been a 3ppt increase in food to go consumers identifying as being ‘very value led’ year-on-year, according to Lumina Intelligence
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NewsPunch partners with Eden Project
The pub company has partnered with the Eden Project as part of a pledge to reduce its carbon footprint and increase biodiversity across its estate by enhancing its pub gardens
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NewsMowgli enjoys ‘strong year’ with significant revenue rise
The Indian street food restaurant group, founded by Nisha Katona, saw revenue up 214%, to £26.9m, in the full year to 31 July 2022
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NewsFirst Night Time Economy Advisor appointed for West Midlands
Restauranteur Alex Claridge has been appointed to the role and will act as a champion for the region’s pubs, clubs, bars and restaurants
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NewsBlack Sheep Coffee makes MD promotion
The coffee shop business promoted Isobel Childs to the role of managing director, from finance director, earlier this month
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NewsPubs looking to capitalise on Coronation
Pubs and breweries up and down the country are planning to host special events, brew limited edition beers and make the most of the extended opening hours
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NewsPret CEO won’t rule out further pay rises
Pano Christou said one of Pret’s main priorities was to look after its staff, and that further pay rises could well be on the cards if inflation continues at current levels
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NewsMcDonald’s reports consistent global sales performance
The fast food brand reported strong global sales growth across each of its market segments, with guest counts up across the world
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InterviewsWhitbread: ‘We are mindful of operating in the value restaurant space’
The group has implemented some price rises but looks to boost performance through an improved customer experience, CEO Dominic Paul tells MCA
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NewsHospitality among sectors struggling most with recruitment
Eight-three percent of hospitality companies reported that they were struggling to recruit enough workers, a new survey by the British Chambers of Commerce (BCC) finds
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NewsWhitbread F&B sales behind pre-pandemic
Sales were 40% ahead of FY22 for the 52 weeks to 2 March 2023, however they remained 4% behind pre-pandemic levels
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NewsLoungers achieves ‘industry-leading’ like-for-likes
The group reported stronger like-for-like sales growth in H2 FY23 of 11.8%, and record revenue for the financial year of £285.3m
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NewsOpenings of the week
MCA rounds-up the biggest openings stories of the past week, featuring Daisy Green, EL&N, Chopstix and more
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Analysis & InsightFoodservice price inflation shows signs of easing
Food price inflation fell slightly year-on-year to 20.6% in February, but margin pressure for operators is still expected to increase this year, according to the latest CGA Prestige Foodservice Price Index.
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NewsUrgent intervention needed to save hospitality businesses
With sustained inflation levels and a drop off in support from the government on energy costs, UKHospitality is urging energy regulator Ofgem to force suppliers to play their part in supporting businesses