All articles by Georgi Gyton – Page 69
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NewsShepherd Neame achieves ‘strong rebound’ in sales
The brewer and pub operator, which announced the issue of its first dividend since October 2019, said most of its London pubs were now trading at near normal levels
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InterviewsSeafood Pub Co: ‘We have got so much firepower behind us’
Joycelyn Neve, MD at Oakman Group’s Seafood Pub division talks to MCA about the evolution of the brand and prospects for growth
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Analysis & InsightBerenberg: ‘TRG’s growth outlook is best-in-class’
The analyst said that despite facing significant cost inflation this year, it thinks TRG can still outperform consensus earnings expectations
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NewsDrake & Morgan sees strong return to trading
The bar and restaurant group has seen a strong return to trading levels since the removal of Plan B restrictions at the end of January, as it recovers from a tough FY21 financial year.
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NewsStarbucks planning 140 new UK sites
Following a return to profit, the coffee chain is looking to push ahead with its growth plans, with half of the 140 new UK sites this year expected to be drive-thrus
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NewsBrighton Pier Group reports ‘very strong’ H1 performance
The family entertainment group’s bar division traded ahead of expectations, achieving revenue of £6m, vs. £0.7m in 2020
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NewsDomino’s names new non-exec
Domino’s Pizza Group has appointed Tracy Corrigan as an independent non-executive director, with effect from 5 May 2022.
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NewsMore work needed on tracking food waste
Only one fifth of operators currently track where their food waste comes from, according to a new survey by the Sustainable Restaurant Association and software provider Fourth.
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NewsPandemic helped demonstrate strength of Greggs
Chief executive Roger Whiteside said the crisis had proved the resilience of its business model and that it was well placed to grow in the recovery phase
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NewsPubs Code changes coming in April
Changes to the Pubs Code, including to time limits for Market Rent Only negotiation and arbitration, will take effect from 1 April 2022, the government has said.
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NewsTasty ‘cautiously optimistic’ about estate expansion
The operator of Wildwood and dim t restaurants said it expects to open around five to six new units this year, in a “measured expansion plan”, following a profit turnaround last year
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NewsRevolution investing £2m to lift pay above minimum
The bar group said the initiative formed one of many commitments it was making to try and improve its attractiveness as a place to work, as well as to reward and retain existing staff
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NewsSoaring costs forcing operators to cut hours
More than a third (38%) of hospitality businesses have reduced their trading hours due to the rocketing price of energy, according to a new cross-industry survey.
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NewsItsu appoints group CFO
Greg Thorp joins the healthy Asian fast-food chain, following 16 years at Pret A Manger, as it pushes ahead with its nationwide expansion plans, including its first site in Scotland this week
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NewsSBPA appoints new president
Molson Coors’ strategy director Andrew Lawrence will take over from Hawthorn’s Edith Monfries as president of the Scottish Beer & Pub Association
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NewsCosta Coffee makes 2040 net zero carbon pledge
As well as reaching net zero within the next 18 years, the coffee chain has also pledged to halve the coffee emissions it produces per coffee by 2030
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NewsMowgli reports ‘extremely strong trading’
The Nisha Katona-led restaurant group said like-for-likes remained materially above pre-Covid levels across all segments of the business, since the full lifting of restrictions last July
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NewsNightcap: ‘The window of opportunity is still open’
The bar group is continuing to see favourable rents and landlord incentives and hopes to open five or six sites for each of its core brands per year
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Analysis & InsightLunch sees share gain as office workers return
As more workers returned to the office last month, lunch grew to make up more than one in four occasions in the overall eating and drinking out market, according to Lumina Intelligence
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Analysis & InsightDelivery and takeaway sales remain strong
Eat-at-home sales accounted for around 26 pence in every spend within managed pub and restaurant groups last month, according to the latest CGA & Slerp Hospitality at Home Tracker