All news articles – Page 166
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NewsNew Pub Partners MD at Greene King
Dan Robinson will hold overall responsibility for Greene King’s leased, tenanted and franchise business unit, with Wayne Shurvinton appointed to a new role as partnership and ventures MD
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NewsMcDonald’s closes US offices as it prepares to announce redundancies
The chain has closed its US offices for three days to inform corporate employees about layoffs as part of a broader company restructuring
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NewsMegan’s reports strong trading ahead of 20th opening
Megan’s is on track to deliver sales growth of 70% in its current financial year, according to finance director Gill Clements.
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NewsPaul CEO steps down
Mark Hilton has stepped down as CEO of the artisanal bakery and patisserie chain after nearly four years
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NewsOakman Group: ‘Concerns about inflation and taxation persist’
When adjusted for VAT, total sales were 17% up and lfl sales 6.9% up in the first 38 weeks of FY2022/23, with work commencing on two new sites
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NewsRunning a pub ‘is worse now than it was during COVID’
A potential 82% rise in energy bills could mean last orders for many pubs struggling to survive, Sky News reports
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NewsUK businesses face ‘week of woe’ as corporation tax rise hits
The main rate of corporation tax will rise from 19% to 25% from April, raising about £18bn a year for the Treasury, the FT reports.
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NewsEating out with the Michelin-star toddlers
Forget chips and pizza — chefs now cater to mini-gastronomes, The Times’ Sarah Rainey experiences the offerings first hand
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NewsMexican chain Boojum set for UK expansion
PricewaterhouseCoopers is to advise on its funding options ahead of an expansion into the British market at the end of the year, The Sunday Times reports
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NewsLiving wage to add further 7% to employers’ pay bills next year
The potential rise is on top of the 9.7% increase in the main rate to £10.42 an hour from tomorrow, The Sunday Times reports
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NewsHospitality faces £7.3bn rise in energy bills as support reduces
Analysis from UKHospitality shows that energy costs for the sector are set to be £12bn higher than prior to the energy crisis
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NewsBlack Sheep Brewery CFO steps down
CFO John Hunt, who joined in June 2022, has stepped down, with Anthony Hill appointed as interim CFO
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NewsNew bill introduced for business rates reform
Instead of the current five years, valuations will occur every three years, meaning properties with falling values will see their business rates bills drop sooner
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NewsMarston’s secures extension of debt facilities
The 1,445-strong pub group has secured an amendment and extension of its bank and private placement debt facilities to the end of 2025
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NewsManaged and operator-led sites lead growth for Stonegate
The group’s leased and tenanted arm continued to see negative like-for-like growth last year but Stonegate saw a strong performance from its Craft Union business and managed division.
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NewsRekom posts strong revenue growth
The UK arm of the business is currently the group’s strongest performing division, achieving EBITDA of £18.4m in 2022
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from Pizza Pilgrims, Leon, 200 Degrees, and more
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NewsItsu launches first hot food-only restaurant
The site in Regent’s Place will be solely focused on hot dishes, with no sushi on the menu, and will be the first of several sites to open in the new format this year
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NewsChopstix targeting 30 new sites and £65m revenue this year
The forecast uplift in revenue would equate to a 40% rise versus FY22, with the Asian QSR group targeting sales of more than £90m over the next financial year.
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NewsStarbucks accused of ‘illegal union-busting’
Founder Howard Schultz was accused of leading an aggressive anti-union crusade by leftwing senator Bernie Sanders at a US senate hearing