All news articles – Page 172
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NewsCosta announces third pay rise in 12 months
Team members across 1,520 company-owned UK stores will see hourly wages increase by 6.1 to 7.3% with effect from 1 April
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NewsGreene King sets women in leadership target
Ahead of International Women’s Day, the pub company is aiming for its senior management team to be 50% women by 2023
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NewsThorley Taverns sees revenue double
The Kent-based hospitality company saw turnover increase from £6.7m in 2021, to £13.4m for the full year to 30 June 2022.
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NewsTRG expected to put forward ‘cogent strategic plan’
Analyst Singer has said that while it expects the plan to address the rebuilding of shareholder value and profitability, it does not anticipate radical action
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NewsStarbucks ends speculation about UK sale with £30m investment
The coffee shop chain as ended speculation about a potential sale of its British business, announcing plans to invest millions in the refurbishment of its existing sites and open 100 new coffee shops in the UK.
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NewsPubs can stay open later for King’s Coronation weekend
Pubs, bars and clubs in England and Wales will be able to serve customers until 1am between Friday 5 and Sunday 7 May
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NewsUK ministers consider allowing hospitality to recruit from overseas
The government is looking into overseas recruitment and annual worker health checks to tackle labour shortages, The Guardian reports
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NewsIndie cafe in Brixton takes on Blank Street Coffee over name
Blank Coffee has launched a legal challenge, saying Blank Street Coffee is trying to copy its ‘vibe’, according to The Guardian
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NewsSurge in UK rate expectations prompts Bank of England pushback
Stubbornly high US inflation has sparked a global repricing in interest rate markets, The Financial Times reports
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NewsFood tsar blames shortages on UK’s ‘weird supermarket culture’
Henry Dimbleby says suppliers struggling with rising costs while locked into fixed-price contracts, The Guardian reports
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NewsGoldman Sachs arm among bidders with appetite for $10bn Subway
Goldman’s Asset Management arm, Bain Capital, TPG and the Asda shareholder TDR Capital are among the suitors for the sandwich chain, Sky News reports
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NewsEl Mexicana saved in pre-pack deal
John Coverley and Paul Stagg, who founded and operated the brand under the Elmex Group, have acquired parts of the business under Cholco Consulting
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from the London Shell Co, Sam’s, and Cheatmeals
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NewsRumours circulate about TRG pub sale
There is speculation that The Restaurant Group could be weighing up a potential sale of its pubs business Brunning & Price following pressure by activist investor Oasis
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NewsGail’s plans to open 10 drive-thrus
The premium bakery chain is on the lookout for sites between 2,000 and 4,000 sq ft as it plans to open 10 drive-thrus this year
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NewsThe Wolseley to roll out to 10 sites across UK and Asia
Minor International CEO Dillip Rajakarier expressed regret over the fall-out with founder Jeremy King in an interview with Bloomberg
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NewsPizza GoGo maintains strong trading
The 100-strong pizza chain reported a turnover of £37.3m for the year ended May 2022 and looks to open further locations across the UK
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NewsPho posts return to profit
The Vietnamese chain has posted its first results since the pandemic for the year ended February 2022, with turnover increasing 109.1% to £43.7m
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NewsOakman restructures board and secures £5.3m funding
Peter Borg-Neal will return as CEO and Dermot King will take charge of finance, as FD Koula Achillea departs
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NewsWendy’s targeting 45 UK restaurants this year
The burger chain intends to “lean in on our strong start” in the UK and Europe, by continuing to grow the UK market alongside traditional franchisees