All news articles – Page 188
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NewsTrain strikes cost hospitality £2.5bn in lost sales
UKHospitality’s chief executive Kate Nicholls told the BBC this revised figure is £1bn more than originally estimated, due to the fact an expected pre-Christmas bounce back never materialised
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NewsWasabi still keen to expand UK restaurant portfolio
The Capdesia-backed business views expansion into more suburban locations as an attractive area for future growth
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NewsFive Guys kickstarts 2023 expansion
The brand is set to open restaurants in Queensway and Bridgend, after 20 new site openings in 2022
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NewsPizzaExpress appoints new commercial finance director
Grant Shaw joins the pizza chain this month from his role as head of commercial finance at Côte Restaurants
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NewsCrosstown lines up two more
The doughnut and coffee concept is opening new sites in Shoreditch and Bristol while closing one in Piccadilly
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NewsRalph Findlay awarded OBE
The former Marston’s CEO and current C&C chair was recognised in the New Year’s Honours list for services to the hospitality sector
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NewsHigh streets lost 17k shops in 2022
Almost 50 shops closed down every day last year as retailers grappled with soaring energy costs, wider inflation and online shopping, according to new figures from the Centre for Retail Research
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NewsLucky Saint raises £10m
Funding for the alcohol-free beer brand was led by venture capital firm Beringea and JamJar Investments, set up by the founders of Innocent Drinks
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NewsEnergy support to be halved
Next month chancellor Jeremy Hunt will announce a 12-month extension to the business scheme, but with the level of support reduced amid concerns over costs, The Times reports
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NewsOperators slash opening hours by 20%
UKHospitality said half of its members are restricting opening hours, capacity and days of the weeks they open, driven by staff shortages, energy costs and concerns over profits
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NewsRail strikes: 'Drop in footfall greater than anticipated'
UKHospitality had forecast a £1.5bn hit to sales from industrial action in December and early 2023 but has now revised this to £2.3bn as the cold weather led to further bookings being cancelled.
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NewsTRG announces £340m debt package
The Restaurant Group has agreed a £220m Term Loan Facility and a £120m Revolving Credit Facility with its existing lenders
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NewsPret to shelve Veggie Pret concept
Pret will concentrate instead on expanding the vegetarian and vegan range within its core estate. The retailer has also announced an agreement to launch the brand in Israel
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NewsGrind sees partial bounce back
The coffee shop operator’s larger venues have returned to pre-pandemic levels, but smaller city sites are still struggling with decreased footfall
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NewsGreene King appoints investment director
Charlie Gale was previously investment manager at Star Pubs & Bars, and will join Greene King’s Premium, Urban and Venture Brands division in the new year.
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NewsWetherspoon announces more closures
Three more pubs will close in the coming weeks, in addition to the 29 already up for sale
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NewsNominate your Rising Star
Business leaders are urged to consider who is the stand-out performer tipped for future success in your company, for a special category at the Retailers’ Retailer Awards 2023
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NewsHomeless campaign raises £22k
A CEO Sleepout London involved 17 hospitality leaders sleeping outside at Lord’s Cricket Ground raised more than £33,000 for homeless charities including Only A Pavement Away (OAPA)
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NewsNew rail strike day announced
Members of the Aslef union will stage industrial action on 5 January, adding to the RMT strikes already planned for 3-4 and 6-7 January.
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NewsDelay to announcement on energy support
Kate Nicholls, chief executive, UKHospitality, said the postponement of the government annoucement was “disappointing news” as businesses urgently need clarity