All news articles – Page 155
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Turtle Bay, Pizza Pilgrims, Empire Empire, and more
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NewsNew government skills fund set to benefit hospitality
Launched by the Department for Education, the new £165m fund is designed to transform skills training in local areas and help get more people into jobs closer to where they live.
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NewsSector struggles to absorb stubbornly high food inflation
Food and drink inflation remains at 19.1% despite the drop in CPI to 8.7%, causing concern in the sector over the cost burden
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NewsYoung’s overcomes cost pressures to deliver profit growth
Revenues increase 19.4% to £368.9m, boosted by sunshine, the winter World Cup, and the recovery of the City and central London
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NewsRare Restaurants achieves 30% rise in like-for-likes
The 23-strong restaurant group reported a 38% increase in group turnover in the year to 1 January 2023, versus 2022, with several new openings over the period
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NewsCanadian concept Pokerrito gears up for UK launch
Doug Williamson, former MD for Esquires Coffee, has said the pan-Asian QSR concept is preparing to open a flagship store in London
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NewsIn pictures: NWTC launches new North Light concept
New World Trading Company has opened a North Light venue in Chester, offering all-day dining and cocktails
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NewsInflation falls to 8.7%
Food and beverage prices continued to rise, seeing an increase of 1.4% between March and April, while restaurants and hotels saw an annual inflation rate of 10.2%
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NewsSSP sees travel volumes continue to recover
The company said despite the macroeconomic uncertainty, the travel food and beverage sector will remain “structurally resilient” to pressures on consumer spending
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NewsRobert Cook joins Imbiba advisory board
The former Hostmore CEO stopped down from the listed TGI Fridays operator earlier this year
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NewsWimpy UK sees 6% rise in revenue
The fast food chain, owned by South African company Famous Brands, achieved revenues of approximately £5.9m in the year to 28 February 2023
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NewsXP Factory hails transformational year
The Boom Battle Bar operator posted revenues of £22.8m for 2022, and operating profit of £1.3m
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NewsCaffè Nero launches book awards
The awards will focus on UK & Ireland writers, with four categories and £50,000 worth of prize money
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NewsBrewDog to roll out across air and rail hubs
The deal with SSP will see the craft beer company open in Gatwick Airport in December
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NewsI am Döner signs forecourt franchise deal
The agreement with Four Crosses Filling Station Limited, facilitated by Seeds Consulting, will see first I am Döner open on a roadside forecourt, in Windsor.
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NewsInception Group secures £6.7m loan to support expansion
The experiential bar group – winner of Best Pub/Bar Company at MCA’s Retailers’ Retailer of the Year Awards this year – is soon to open its 14th location, Mr Fogg’s Hat Tavern and Gin Club, in Soho
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NewsInflation set to drop back to single digits
New data from the Office for National Statistics is due to show that headline consumer prices inflation fell back to 8.4% in April, down from 10.1% in March
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NewsMcDonald's faces shareholder revolt over antibiotics
Legal & General Investment Management is to take McDonald’s to task over its ‘overuse’ of antibiotics in mass meat production at its AGM this week
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NewsFrom Greggs to McDonald’s: five bulletproof businesses defying the downturn
Pandemic? Cost of living crisis? Some firms keep pulling in the punters, The Sunday Times’ Laith Al-Khalaf writes
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NewsDeliveroo plans to keep thinking outside the box
Will Shu disagrees with claims that technology businesses cannot succeed in Britain, The Times reports