All news articles – Page 135
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NewsThe Breakfast Club reports upturn in profitability
A significant loss in the first six months of FY23 led to a restructure of central costs, after which the business delivered £438k of EBITDA and continued profitability into FY24
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NewsAmber Taverns achieves record turnover
The community pub operator reported turnover of £110m, with an 11.3% rise in like-for-like sales, underpinning continued demand for its value offer
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NewsBill’s boosts EBITDA by 45%
The Richard Caring backed restaurant group reported EBITDA of £8m in 2023, driven by covers growth, strengthening efficiencies across the business, with menu pricing held at under 1% throughout the year
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NewsBrindisa reports strong demand across sectors
The restaurant, deli, and wholesale group, which operates Spanish restaurants including Kroketa in Soho, reported strong trading despite economic instability
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NewsRevolution temporarily suspends shares from trading
The pub and bar operator was unable to publish interim results by 30 March, with suspension from trading to be lifted following their publication in due course
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NewsInvestment vehicle Hestia Hospitality launches with initial £50m
Backed by individuals and family offices including Justin King CBE, Hestia’s first acquisition is sustainable restaurant concept Native, with further acquisitions to follow
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News£3.4bn Budget hangover hits hospitality
UKHospitality is calling on governments to rebalance the costs that hospitality businesses pay, and reduce its cost burden so they can make the investments needed to grow
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NewsAmber Taverns puts dartboards in all its pubs
The 171-strong pub company will include a darts area in all its pub refurbishments, in response to a surge in demand created by darts sensation Luke Littler
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NewsAdnams open to sale
The Suffolk brewery is sounding out prospective buyers and investors as the brewing industry experiences higher costs and weaker demand, according to Sky News
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NewsRichard Caring tests appetite for café bar
The restaurant tycoon is trying out his latest venture at two sites before possibly being expanded nationally
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NewsCovid debt is haunting restaurant chains — but Wahaca has a lifeline
Repayments are bearing down on the Mexican chain and another London favourite, The Breakfast Club
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NewsCooks Coffee appoints Aiden Keegan as CEO
Keegan has worked with the Esquires owner since 2004, most recently as MD for the Esquires UK business
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NewsEaster bookings up 40%
Across the four-day period, Easter Sunday remains the most popular date to book, with bookings up by nearly 50% on 2023, according to Zonal
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NewsDouble swoop for Heartwood Inns at Publican Awards
The operator impressed judges in both the Best Managed Pub Company and Best Pub Operations Team categories, with other winners including Liberation Group and Loungers’ Alex Reilley
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NewsRedCat Pub Company to exit 24 sites
The Rooney Anand-led pub investment vehicle said it has undertaken a strategic review in context of sector-wide challenges, in addition to appointing a new executive team
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NewsButcombe Pubs & Inns reports record sales in March
The Liberation Group-owned business attributed strong sales to a bumper Mother’s Day weekend and the Cheltenham Festival
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NewsOpenings of the week
MCA rounds up the week’s biggest openings stories, including Wingstop UK, Urban Pubs & Bars, Loungers and more
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NewsStarbucks to open further 100 UK stores
The coffee giant reported 22% year-on-year sales growth in the UK to £547.7m, with plans to grow its current estate of 340 drive-thrus
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NewsTom Sugarman swaps Wasabi for itsu
The former Wasabi managing director has left the sushi and bento brand for itsu, where he has joined as hospitality & development director
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NewsGreene King opens first Nest pub
The Palmer Tavern, located on Wokingham Road in Reading has opened after a £360,000 investment by the pub company