All articles by Georgi Gyton – Page 7
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Analysis & InsightAnalysts give mixed reviews of JDW performance
Described as “solid” and “robust” by some analysts but “lacklustre” by others, JD Wetherspoon’s recent trading performance has attracted differing opinions on its success
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Analysis & InsightUnemployment figures suggest Autumn Budget has stifled hiring
The number of job vacancies has fallen to its lowest level in more than three years, with unemployment on the up, according to the latest data from the Office for National Statistics
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NewsRevel Collective reports slim uptick in like-for-likes
Late night sector “continues to be challenging” for the Revolution bar operator, but there were standout performances from Peach Pubs and Founders & Co.
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NewsJDW reports like-for-likes up 5.1% in year to date
The pub company reported like-for-like sales growth of 6.1% over the three weeks to 5 January 2025, with chairman Tim Martin stating it was “confident of a reasonable outcome for the year”
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Analysis & InsightPubs outperform wider hospitality in December
Britain’s leading restaurant, pub and bar groups reported lfl sales growth of 3.2% last month – with pub groups alone achieving 4.7% growth, the latest CGA RSM Hospitality Business Tracker shows
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NewsKnoops appoints former Hotel Chocolat chair as non-exec director
The chocolate drinks brand, which achieved 22% like-for-like sales growth over the five-week Christmas period, has appointed Andrew Gerrie to its board
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Analysis & InsightPub acquisition activity likely to be remain subdued
Decisions on pub sales will be deferred and acquisition activity subdued, with buyers not wanting to commit funds ahead of a possible price correction, Fleurets has forecast.
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NewsSales of Champagne down as habits change
More affordable alternatives, including prosecco and English sparkling wine are increasingly replacing Champagne among consumers, with demand for the premium French fizz at its lowest level in more than two decades.
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Analysis & InsightDrink sales behind this time last year
Average drink sales in the seven days to Saturday 11 January were 9% behind the same period in 2024, according to the latest CGA by NIQ Daily Drinks Tracker, with spirits seeing the biggest decline.
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Analysis & InsightCasual dining market is in recovery phase
The QSR sector saw notable growth in 2024, with a 10% increase in the number of outlets, and further growth predicted this year, according to Christie & Co
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NewsCaffè Nero reports 14% festive sales uplift
The coffee house achieved a 9% like-for-like sales increase in its UK estate, in the five weeks to 30 December 2024, versus 2023, with more than 40% of all transactions coming through its app
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NewsIndividual Restaurants ‘going from strength to strength’
The 32-strong restaurant group, which achieved record sales growth of +14% during December, has appointed Neve Rabbou as its new sales and marketing director as it looks to develop new brand propositions
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InterviewsYoung’s: ‘January trading is up on last year’
CEO Simon Dodds speaks to MCA about the boom in festive pre-bookings, the New Year menu offer driving cover growth, and why the business is optimistic about ‘supercharging’ the City Pub estate
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Analysis & InsightPub M&A activity forecast to increase in 2025
Caution resulting from the Budget is expected to be offset by an increase in the supply of pubs coming to the market, property agent Christie & Co predicts
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NewsInflation rate dip not enough to calm hospitality’s fears
The unexpected dip in inflation, to 2.5% in December, is positive, but “there has not been enough movement” to quell concerns about the economy, UKHospitality has warned.
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NewsM&B reports strong festive like-for-likes
The pub and restaurant group saw like-for-likes up 10.4% over the core three-week Christmas trading period – a figure it said “built on numerous record sales performances through the estate”
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NewsFuller’s ‘maintains market outperformance’
The pub and hotel business reported “excellent trading” over the five-week Christmas and New Year period, delivering like-for-like growth of 10.2%, with +5.9% growth achieved in the year to date
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NewsFortress tables increased and final offer for Loungers
Fortress Investment Group (UK) has increased its cash offer for Loungers, from 310p to 325p per share, which has been deemed “fair and reasonable” and in the best interests of the business and its shareholders.
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NewsTossed announces franchising move
The healthy eating brand currently operates 13 sites in central and greater London and is working with Bee Smart to realises its ambition to grow the business on a national scale
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NewsBoxpark to launch new social gaming concept
Playbox will open at Boxpark Croydon next month, offering interactive games such as digital shuffleboard, karaoke, retro arcade games and bookable seating to watch live sports