All news articles – Page 110
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NewsWelcome Break reports successful year
During the peak trading period in 2023, many sites and units broke weekly trading records, delivering an excellent summer for the motorway service area operator
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NewsWingstop performing “extremely well” in UK
Global CEO Michael Skipworth said he’s excited about opportunities in international markets, with the aim of scaling to over 10,000 units worldwide
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NewsStonegate agrees debt refinancing
As part of the deal, funds managed by TDR Capital will make a c£250m shareholder contribution, “demonstrating their continued support and confidence in the future of the business and the Great British Pub”
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NewsYum! Brands to roll out voice AI
The KFC and Taco Bell operator plans to bring the tech to its brands’ drive-thrus around the world, as its digital business has more than doubled since 2019
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NewsMarston’s completes disposal of stake in Carlsberg JV
The pub group announced on 8 July 2024 that it will sell its stake for £206m in cash to a subsidiary of Carlsberg
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NewsJust Eat improves margin in UK and Ireland
Gross transactional value increased by 6% in H1, while lower delivery costs following a delivery model simplification in the UK saw adjusted EBITDA improve by 64%
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NewsUKHospitality responds to Low Pay Commission remit
CEO Kate Nicholls said making significant changes to the remit for 2025 now is ”disruptive and unhelpful,” as evidence has been submitted on a basis that is now out-of-date
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NewsSnowfox Group becomes the Wonderfield Group
Following its acquisition by Zensho in June 2023, the new group will consolidate the company’s international brands under one name
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NewsUber Eats launches healthy eating pilot
The pilot will involve six Birmingham restaurants - which have worked with the British Nutrition Foundation - to develop healthier alternatives to popular menu items
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NewsWatchHouse increases turnover by 56.8% in FY24
Growth was aided by strong like-for-like House sales along with increasing ecommerce sales, the company said
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NewsConsumer confidence reaches three year high
Household finances are the healthiest they have been for two years, while spending intentions across various categories have shown marked improvement
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NewsFoodservice sector inflation falls to 3.6%
Whilst a year of falling inflation is encouraging, month-on-month inflation of 1.3% in June serves as a reminder that the market remains volatile
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NewsMcDonald’s sees global comparable sales drop
The 1% decline was driven by negative comparable sales across all three segments in Q2 2024, reflecting a drop in demand in China and the impact of the Middle East war
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NewsParogon Group looks to further growth
The Staffordshire-based pub and restaurant operator reported total sales of £24m in FY24, a 10.9% increase compared to 2023
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NewsCAMRA describes ‘utter dismay’ over Whitbread closures
The Campaign for Real Ale has challenged Whitbread to reconsider a decision to close and convert over 100 pubs next to Premier Inns
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NewsTurtle Bay reports record sales in 2024
CEO Nick Crossley said the new year had started in line with expectations, although the economic environment remains “extremely tough”
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NewsTim Martin sells £10m worth of shares in Wetherspoons
The chairman of the pub chain sold 1.36m of the company’s ordinary shares on the London Stock Exchange at a price of £7.39 per share
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NewsGreggs on track to deliver 140-160 new stores in 2024
In a trading update, the business reported ”continued strategic progress”, with first half sales up 13.8%
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NewsNew ops director at Popeyes
Gwion Iwan, formerly of Prezzo, Punch, and Whitbread, has been appointed operations director as the chicken concept looks to 40-50 openings per year
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NewsTortilla promotes Stephen Clark to COO
Clark joined the group as operations director in 2022 and has since led the opening of 17 stores