All news articles – Page 1225
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NewsRollo: Expect 25% EBIT hike for SSP
SSP is expected to report H1 EBIT up 25%, according to leading analyst Jamie Rollo, of Morgan Stanley. He said that when SSP reveals its results on 21 May it will show strong margin growth offsetting fairly weak organic sales. He said this, plus the recent flurry of contract wins, should continue to support the shares, despite their relatively high valuation.
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Proto adds third site
Proto Restaurant Group, which operates a collection of restaurants in Worthing, West Sussex, has opened a Greek restaurant called The Fat Greek Taverna
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Ethos to roll-out after stellar performance
Vegetarian restaurant Ethos is looking to secure its second site in central London by the end of the year after initial performance far exceeded expectations
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Analyst corner: Rollo on M&B
Leading analyst Jamie Rollo at Morgan Stanley says he expects like-for-like sales growth at Mitchells & Butlers (M&B) to have slowed to 1% when it reports its H1 results in 21 May. He warned that M&B will need to deliver a much stronger performance in the next six months to meet full-year targets.
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Abokado launches London Marathon offer
Abokado, the London-based chain of healthy food bars, is supporting the London Marathon by offering free lunches to runners.
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NewsMews of Mayfair looks east
James Robson, the founder of Mews of Mayfair restaurant collection, has told M&C Report he is looking to east London for expansion and wants his next project to be scalable
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NewsTavistock seeks disposal to grow brewtap brand
Tavistock Leisure managing director Mark Hird has told M&C Report he is close to making a disposal which will allow him to kick start a rollout of the company’s brewtap concept, with plans to grow from three to 12 by 2019.
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Bounce outlines domestic and international expansion
Adam Breedon has confirmed a second London venue for Bounce, as well as outlining the pipeline for international openings, beginning with Chicago in 2016 and Tokyo and Hong Kong the following year
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Pernod Ricard sees 2% global growth but Europe flat
Wine and spirits group Pernod Ricard has reported organic growth of 2% for the first nine months of its 2014/15 financial year with sales of €6.5bn.
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NewsStarbucks: European focus on all-day trading
Starbucks has said it will focus on driving trade across all day parts in its European arm and target growth in traffic hubs.
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Cornish restaurateurs double up
The operators of a Cornish beach side restaurant have opened their second site.
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Yard & Coop founder eyes quick rollout
Laura Morris, the founder of the Yard & Coop fried chicken concept, has told M&C Report she is already eyeing sites for her second outlet ahead of an expected July opening for her first restaurant, in Manchester.
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Staycations to inject £56bn into UK economy
Brits choosing to holiday at home are expected to spend more than £56bn in the UK this summer including an average per person of £250 on eating and drinking out
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NewsAdnams reports quieter Q1 sales to nationals
Adnams, the Suffolk based brewer and pub operator, has seen a quieter start to 2015 than the previous due to depressed sales to national pub groups but said underlying trends remain good with growth in key products such as Ghost Ship, Dry Hopped Lager and its spirits range
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Hammerson sells Sheffield leisure park
Drakehouse retail and leisure park in Sheffield has been sold by landlord Hammerson for £61.7m to 90 North Real Estate Partners to allow it to focus on other projects
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Chiltern Firehouse's Mendes to open Portuguese restaurant
Chiltern Firehouse’s head chef Nuno Mendes is opening a standalone restaurant at London’s Spitalfields Market in May Chiltern Firehouse
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NewsCosta's loyalty scheme hacked
Costa has warned its Coffee Club Card members of a potential security breach after its online accounts were hacked and accounts were suspended
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Thwaites appoints food support manager
Brewer and pub operator Daniel Thwaites has appointed a food support manager.
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NewsBudvar CEO Jennings to leave company
Budvar UK chief executive Tony Jennings is to leave the company, M&C Report understands.
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NewsBowlplex acquisition will aid TOBC growth, CEO says
Steve Burns, chief executive of The Original Bowling Company (TOBC), has told M&C Report the acquisition of 17-strong Bowlplex will not halt the company’s existing growth plan.