All news articles – Page 168
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NewsIssa brothers close to £12bn merger of Asda and EG Group
The billionaire owners of Asda are racing to complete a blockbuster merger of the supermarket chain and their UK petrol stations as part of efforts to cut their forecourts empire’s debt burden, The Sunday Times reports
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NewsWetherspoons’ row with AB InBev could jeopardise supply of Stella Artois
The legal row lifts the lid on a pricing dispute between one the UK’s largest pub chains and the world’s biggest brewer, The Sunday Times reports
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NewsBrewDog shuts two more pubs
The craft beer brand has closes its Clapham and Brixton branches, following previously announced closures in Peterhead, Aberdeen; Smithfield Market, Dalston, Old Street and Motherwell
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NewsAmorino UK appoints franchise director
The Italian gelato brand has appointed Roman Aslamzada as franchise director as it looks to expand its UK estate to 50 sites
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NewsWells & Co reports return to profit
The pub operator and brewer posted a turnover of £55.2m and operating profit of £3.3m for the year ended 2 October 2022
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NewsJDW: like-for-like sales up amid ‘ferocious’ inflationary pressures
Like-for-like (lfl) sales were up 5% vs FY19, with a revenue of £916m for the 26 weeks ended 29 January
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NewsUKHospitality: ‘It’s inevitable that menu prices will rise again’
Responding to the interest rate rise, CEO Kate Nicholls said tackling the main drivers of inflation would help stem further increases
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NewsFever-Tree sees on-trade sales up 28% year-on-year
The drinks supplier saw strong growth in the on-trade despite the impact of strikes and disruption over the key December trading period
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NewsOpenings of the week
MCA rounds up the biggest openings stories of the week, featuring The Wolseley City, JD Wetherspoon, The Real Greek and more
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NewsDraught lager prices up almost 12% year-on-year
The average cost of a pint of draught lager increased 11.8% in the year to February 2023, latest figures from the ONS have revealed.
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NewsMinister for Hospitality: ‘We are keen to find a solution to energy cost pressures’
The government is “acutely aware” that many businesses have contracted at higher prices and are subject to increased standing charges, Minister Kevin Hollinrake has said.
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NewsBBPA warns of ‘cliff edge’ for many pubs
Pubs across the country will be hit with a significant increase in energy costs from 1 April, with the average bill to go up by more than £18k a year, the trade body has warned
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NewsHospitality vacancies almost double 2019 levels
The number of online job adverts for hospitality workers in the north east of England has more than doubled, with Wales seeing a 98% increase, according to Indeed Flex
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NewsInflation rises unexpectedly, prompting sector to speak out
Loungers chairman Alex Reilley said ‘energy producers are holding this country to ransom’
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NewsRMT rail strikes called off
The nationwide rail strikes planned for 30 March and 1 April have been called off as the union announced it would enter fresh talks with the Rail Delivery Company
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NewsDeliveroo launches training academy
The new platform will help small and medium-sized restaurants across the UK access advice, training and skills
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NewsInsomnia Cookies appoints former Deliveroo director as UK MD
The late-night cookie concept, which has 230 US stores, has announced Ben Lacey as its first UK hire amid plans to debut this year
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NewsBlank Street closes $20m funding round
The specialty coffee chain is piloting a subscription service in the US as it looks to boost retention and repeat sales, while expanding its F&B offer
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NewsShepherd Neame maintains resilience amid inflationary pressures
While revenue was up 8.4% and demand was encouraging in H1 2023, margins were impacted by cost inflation
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NewsJust Eat to axe jobs of around 1,700 workers
The delivery company has made the decision to use gig economy workers, rather than employees, despite previous comments criticising this emoployment model