All articles by Georgia Cronin – Page 58
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NewsNew World Trading Company sees revenue rise
The New World Trading Company has seen a 15% rise in revenue for the year to 31 March 2019. The bar and restaurant operator’s turnover increase by £6.1m, reaching £51.8m compared to £45.1 in 2018, with adjusted EBITDA at £5.2m, the same as the year before.
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Analysis & InsightFood to go outperforms the wider market
Average food to go frequency has grown by 4.8%, outperforming the 1.3% growth in the wider market, MCA’s Q3 Food to Go Tracker has found. Food to go average spend also grew rapidly at a rate of 12.8%, compared to 4.6% spend growth in the total eating out market.
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Analysis & InsightInflation settles on winter food pricing
Food pricing has seen a settling of inflation, with the year-on-year measure at the lowest point for the month of October since 2016, the latest edition of the Foodservice Price Index from CGA and Prestige Purchasing has shown. October usually sees a jump in inflation from the onset of winter pricing a switch to imported fruit and vegetables and increased demand on the run up to Christmas, but the index has revealed inflation of less that 1% in seven of the ten categories.
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NewsPubs the most popular as spending rises
Consumers are spending £69.64 on average when they go out to eat, drink and party, up 3.9% on last year, according to the latest Deltic Night Index. They are also heading out more often, recording an average of 1.51 times per week, compared to 1.42 times last quarter and 1.19 times last year. Over half (50.3%) feel a “big night out” is a good way to celebrate and 42.3% plan to go out more often during the festive period than they usually would. Nearly half (47.8%) plan to spend more on these nights out than usual.
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Analysis & InsightIndustry optimism at highest point in 18 months
Optimism in the eating and drinking-out market has risen to its highest point in 18 months, but Brexit uncertainty continues, the latest Business Confidence survey from CGA and Fourth has revealed.
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NewsHawthorn Leisure appoints property director
Pub operator Hawthorn Leisure has appointed Ed Little as property director.
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NewsCaffè Nero lfls up 3% in 86 consecutive quarter of growth
Caffè Nero have reported a ‘solid’ lfls growth of 3% for the year ending 31 May 2019, its 86 consecutive quarter of positive growth. Group sales also increase by 11%, reaching a total revenue of £366m across its entire estate.
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NewsLivelyhood pub group revenue up as it plans 2020 opening
Livelyhood combined revenue at just under £7.5m for the year ending 31 July 2019, a turnover increase of £1.5m from approximately £6m in 2017/18 and plans to open its seventh site next year.
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NewsStonegate launches female mentoring programme
Stonegate Pub Company has launched a new female mentoring programme to increase the representation of women in leadership roles across the business.
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NewsUK Hospitality responds to election results
The sooner Brexit is secured, the sooner Government can focus on business policy, Kate Nicholls, UKHospitality CEO, has said. Responding to this morning’s results, Nicholls said ”a majority means that we begin to draw a line under the uncertainty we have felt over the last few years. The priority ...
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NewsTim Hortons opens 25th UK site
Tim Hortons launched its 25th restaurant in the UK on Tuesday (10 December) in Cumbernauld, Scotland.
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News2020 expansion planned across Fuller’s entire estate
Fuller’s tenanted profits dip a “short term blip,” as it plans continued expansion into 2020, CEO Simon Emeny told MCA.
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NewsCMA rules Amazon and Deliveroo deal could ‘harm competition’
Amazon and Deliveroo have been given 5 days to address concerns as the CMA revealed the proposed deal could ‘harm competition.’
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Analysis & InsightMixing politics with advertising: a risk worth taking?
What do politicians and fast food have in common? No, not a new deal every day and a tendency to fall slightly short of what the menu promises, but cause to print a huge Whopper on the side of a bus, apparently. In a world where an advertisement for Iceland that dared to criticise palm oil is met with uproar and banned for being ‘too political,’ brand engagement with political debate may seem like something best avoided.
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NewsFourth announces new senior appointments
Fourth Enterprises announced yesterday (10 December) that Clinton Anderson will be its new CEO, and John Whitmarsh is joining as CFO.
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NewsBreakthrough in proposed 2021 immigration strategy for ‘low skilled’ workers
The hospitality industry has reached the “breakthrough moment we’ve been waiting for” on immigration policy, said Kate Nicholls, UKHospitality CEO. Speaking at a Prestige Purchasing event on Monday 9 December, Nicholls revealed government plans for a post-2021 three-tier immigration system that would maintain a ‘low-skilled’ route to UK settled status, should the Conservatives win a majority.
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Analysis & InsightGoodbody on Coffer Peach and 2020; Peel Hunt on Just Eat
Goodbody says the UK restaurant sector is still facing the dual headwinds of chronic oversupply and cost inflation, while Peel Hunt say Prosus’ latest offer for Just Eat ”significantly increases deal certainty”.
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NewsCarluccio’s seeks franchise partners for airport expansion
Carluccio’s has announced it’s seeking strategic franchise partners to support expansion in the travel market and within the Republic of Ireland.
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Analysis & InsightFood inflation of 6.1% linked to major environmental issues
Food inflation rates almost doubled in 2019, from 3.7% (2018) to 6.1%, the CGA Prestige Foodservice Price Index annual report has revealed.
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NewsDrink sales drive managed operators’ growth
Driven by drink sales, the UK’s managed pub and restaurant operators saw collective like-for-like sales edge up 0.5% in November compared to the same month last year, CGA’s Coffer Peach Tracker revealed.