All articles by Georgi Gyton – Page 78
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Analysis & Insight
Increasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.
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Analysis & Insight
BK IPO: a whopper of a move?
With Burger King UK the latest in a flurry of restaurant operators said to be eyeing a public listing, MCA explores why now and what it could mean for the growth of the chain
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News
Turtle Bay sees sales up more than 75% since May
The Piper-backed Caribbean restaurant chain has several new openings on the cards as it looks to grow its estate on the back of strong sales growth.
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Analysis & Insight
Eating out participation up 5%
The number of consumers choosing to eat and drink out rose 5% up the four weeks to 5 September 2021 to 56%, according to the latest data from Lumina Intelligence.
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News
Luminar founder makes late-night return
Stephen Thomas, founder of Britain’s largest nightclub group Luminar, is making his return to the late-night sector with a new bar and nightclub business.
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Analysis & Insight
Why the PM’s ‘high skill, high wage’ plan fails to deliver
While developing homegrown talent should be encouraged, wages are just one factor in solving the labour shortage
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News
Caring group secures new banking facility
Richard Caring’s restaurant group Troia Limited has secured a new £168m revolving credit facility, covering Caprice Holdings, The Birley Group and Troia UK Restaurants
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News
ETM suffers ‘unprecedented challenges’ pushing up losses
ETM Group has reported turnover of £6.8m for the full year to 28 February 2021, down from £31.6m in the previous financial year.
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News
Founder of Grubhub steps down from Just Eat
Matt Maloney joined Just Eat’s management board following its completion of the acquisition of Grubhub in June, and steps down to pursue other opportunities.
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News
Brighton Pier Group settles £5m business interruption claim
Full year earnings at Brighton Pier Group are expected to be £2m higher than market expectations on the back of the settlement
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News
Tortilla begins trading on AIM
Tortilla’s admission to AIM this morning comes alongside the completion of a fundraising which has raised gross proceeds of £5m for the company and £23m for selling shareholders.
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Analysis & Insight
The future of breakfast on the go
With the number of workers returning to offices unlikely to return to pre-pandemic levels we explore what impact this will have on the food to go breakfast market as well as the opportunities it could create
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News
Harts Group plans three-in-one opening
Harts Group is to open new Barrafina, Parrillan and Bar Daskal venues at Borough Yards early next year.
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News
Greggs sees huge growth opportunity from delivery
Greggs estimates it could achieve an additional £170m from delivery, as it targets £2.4bn turnover in the next five years.
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News
Papa John’s expects to exit pandemic ‘stronger’
Papa John’s (GB) Limited achieved a 29.7% increase in turnover to £94.9m for the year to 27 December, as the pandemic had “minimal impact” on its business.
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News
PM to reveal National Living Wage increase
Prime Minister Boris Johnson is expected to reveal a significant rise in the minimum wage within weeks, with an uplift in the pay of the lowest earners to about £9.42 an hour.
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News
Wales to introduce compulsory Covid passes for nightclubs
The Welsh parliament has voted in favour of introducing mandatory vaccination passports – by 28 votes to 27 – for entry to nightclubs.
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News
Greggs: ‘Our multichannel approach is opening up greater site opportunities’
The development of Greggs into a truly multichannel brand is resulting in far greater site opportunities to aid its new target of opening around 150 net new shops a year from 2022.
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News
Oakman: ‘VAT rise is a risk taken too soon’
Hitting hospitality operators with an increase in VAT when they are still in the recovery period is “a risk that has probably been taken too soon”, according to Dermot King, chief executive, Oakman Group.
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News
JW Lees returns to profit after restrictions relaxed
The family brewer and pub operator posted a £4.8m loss for the year, but it has become profitable again since restrictions were eased in the spring