All articles by Georgi Gyton – Page 93
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Analysis & InsightDeliveroo CEO disappointed with share price since listing
In its first annual report since the delivery company listed last year, founder and CEO Will Shu admitted share price performance had been “poor”
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InterviewsShepherd Neame: ‘We need to unlock our full potential’
New pubs MD Jonathan Swaine will be a key factor in driving forward the managed and tenanted estate, as the business begins to look outwardly again, CEO Jonathan Neame tells MCA
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NewsFood inflation at highest level in decade
Grocery inflation reached 5.2% last month – the biggest increase since April 2012, according to figures by Kantar, putting extra pressure on consumer spending
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NewsTrading growing steadily at Barkby
Barkby Pubs saw strong trading between July and September 2021, with record revenue and profits for that quarter, and is looking for further acquisition opportunities
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NewsIn pictures: Zizzi’s first new restaurant since 2019
The new Leicester site in Fosse Park is the latest in the chain’s rollout of its refreshed look, with artwork inspired by the local area alongside its wood-fired pizza ovens
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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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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