All news articles – Page 1488
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News
Salt reduction pledge attracts 50 dining out operators
Around 50 pub and restaurant operators have now signed up to the Department of Health’s pledge to reduce salt in the food they serve to help diners achieve a reduction of 1g per person per day compared to the amount eaten in 2007
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Chipotle Q1 sales up 13.4%
Chipotle has reported a 13.4% increase in comparable restaurant sales for the first quarter of this year, with revenue up 24.4% to $904.2m
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Punch refreshes its cask offerings
Punch Taverns has introduced 16 beers to its Finest Cask scheme for the spring season, which includes contributions from seven new brewers including Island Brewery and Conwy Brewery
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Analyst French swaps Panmure for Cenkos
Leading sector analyst Simon French has left Panmure Gordon after five years to join Cenkos
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NewsAnalyst corner
Beaufort Securities has reiterated its Hold recommendation for Punch Taverns following the pub company’s interim results for the 28 weeks to 1 March
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Southampton to consult residents on late-night levy
Southampton City Council has voted to consult residents on the prospect of a late-night levy
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NewsGusto undertakes MBO from Living Ventures
Restaurant and bar group Gusto has completed a management buyout from Living Ventures, the Tim Bacon-led premium operator, with funding from private equity group Palatine as it looks to add about 15 sites over the next four years, including a move into the London area, M&C Report has learnt
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NewsTrowbridge next for Dean’s Diner
Richoux Group has secured a site in Trowbridge, Wiltshire, for its Dean’s Diner brand
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Evan Evans names first ops manager; eyes expansion
Evan Evans, the south Wales brewer and pub operator, has appointed its first operations manager as it looks to add a further five over the next six months
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NewsTesco launches new café concept
Tesco Family Dining has launched a new in-store café concept at the retailer’s Extra store in Rainham
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F&B shopping centre mix to reach 20%
The mix of food and drink operators across the UK’s shopping centre sector is unlikely to increase beyond an average 20% of floor space
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Liberis allocates £30m in lending for sector
Alternative finance provider Liberis, which is chaired by former Punch Taverns COO Adrian Fawcett, is allocating £30m of new lending for the hospitality sector
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NewsNando's to sell alcohol at motorway services site
Nando’s is set to join JD Wetherspoon by selling alcohol at its upcoming opening at the Extra services on the M40 at Beaconsfield when it begins trading this summer, M&C Report has learnt
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Tiger Bills owner to expand French concept
Lifestyle Hospitality Group’s (LHG), the operator of the Tiger Bills and Casa Maroc franchise restaurant brands, has signed a partnership deal to expand the Gourmandine “creperie and bistrot” brand across the country
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NewsCharterhouse RoIs reach 35%
Coal Grill & Bar operator Charterhouse Leisure achieved average returns on investment of 35.2% in the year to the end of February, chairman James Horler has told M&C Report
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NewsDiageo returns to growth in Western Europe
Diageo saw sales return to growth in the three months to 31 March across Western Europe, outperforming the group as a whole
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FSA to act after takeaways substitute lamb for cheaper alternatives
The Food Standards Agency (FSA) has announced a priority testing programme of lamb dishes in takeaway meals after tests found evidence of lamb being substituted for cheaper meats including chicken and beef in almost one in three cases.
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Deep Blue Restaurants reports full-year loss
Deep Blue Restaurants, the Surrey-based restaurant and takeaway operator, has reported a pre-tax loss of £468,058 in the year to 24 September 2013 against a pre-tax profit of £1.6m in the previous year
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Beard to Tail gears up for relaunch
The team behind the Beard to Tail restaurant in London’s Shoreditch is to relaunch the venture as an all-day brasserie called Penkul & Banks
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Draco Pubco up to three
Draco Pub Company is set to open its third site, and is looking for further expansion opportunities