All news articles – Page 138
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NewsChickpea Group makes FD appointment
The Southwest-based pub and pizzeria business has appointed James Underhill as finance director
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NewsCornish Bakery continues rapid expansion
The c55-strong independent bakery chain plans to open five sites in the coming months, with further sites in legals
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NewsArcade: 'There are exciting plans in the pipeline'
Food hall concept Arcade is focusing on its existing Centre Point and Battersea food halls but has some exciting plans in the pipeline, COO Cokey Sulkin tells MCA
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NewsSummer spending boosts pub and bar sector
Bars, pubs and clubs have seen spending growth of 7.6% in July, while restaurants showed improvement but remain in decline, according to Barclays
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News100 nightclubs lost in past year
Data indicates a 31% loss of nightclubs between June 2020 and June 2023, with a 12% decline in the last 12 months alone, according to the NTIA
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NewsTop restaurant groups multiply profits by twelve
Top restaurant groups increased their profits to £241.8m in March 2023 compared to £19.9m in September 2022, according to research by UHY Hacker Young
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NewsFired Up Collective acquires Dorset pub
The boutique hospitality group, founded by Andy Lennox, plans to expand its fledgling pub business with the acquisition of The Good Yard Pub in Broadstone
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NewsJDW's Tim Martin criticises Daily Mail for 'alarmist' claims
The J D Wetherspoon chairman has criticised The Daily Mail for a story about pub closures, calling it “inaccurate and alarmist”
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NewsMenu prices increase by +14.4%
Lumina Intelligence’s latest Menu Tracker notes that chain restaurants are adding more expensive dishes to menus to drive spend.
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NewsPunch reports strong performance across divisions
Punch Pubs has updated on the 12 weeks ended 21 May 2023 (Q3 FY23), with total revenue of £75.8m and underlying EBITDA of £20.3m
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NewsPub insolvency rate at decade high
223 pubs have entered insolvency in the second quarter of this year compared to 200 between January and March, according to Price Bailey.
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NewsMayfair scrap leaves a bad taste for designer
Restaurateur Omar Saideh, founder of Orange Hospitality, has locked spatulas with the designers of Il Borro, The Sunday Times reports
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NewsSee how prices have gone up – from hotels to fish and chips
Official figures show that over the past five years the price of a takeaway fish supper has risen by more than 50%, The Guardian reports
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Liberation Group appoints David Kelly as chair
Kelly will assist with the development of the group’s accommodation business, a key strategic objective for Liberation Group
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NewsPubs boosted by record June weather
Pubs and bars saw their channel share rise +2.9ppts as drink-only occasions increased by +7.1ppts in the four weeks to July 9 2023
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NewsHospitality particularly exposed to interest rate hike
The Bank of England have announced an increase in interest rates to 5.25%, the highest figure since April 2008.
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NewsJulian Metcalfe: I remember when interest rates were 14%
The Itsu founder told Bloomberg he had put prices up a “tiny bit, but not by much” as a result of rising costs and inflation
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NewsPapa Johns acquires 27 new sites
The pizza group’s UK corporate estate now stands at 118 restaurants, with the company aiming to follow a similar owner-operator model to its home US market
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NewsDirectors buy True North Brew Co out of administration
Founder and MD Kane Yeardly acquired the 12-strong pub operator, brewer and distiller, which is based in Sheffield
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NewsShaftesbury Capital: ‘Heart of West End remains attractive’
The landlord has reported “excellent momentum” across its portfolio, with high footfall and positive trading conditions despite the economic climate