All news articles – Page 198
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NewsJD Wetherspoon confirms further pub disposals
The pub operator has appointed CBRE and Savills to sell seven further pubs, in addition to the 32 already on the market.
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NewsMcDonald’s eyeing ‘drive-tos’ and delivery hubs
The fast-food chain is achieving more than £1bn of sales annually through delivery or click and collect purchases, with these channels an increasing focus when it comes to new sites
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NewsBBPA makes last ditch plea for duty freeze
The trade body has written to Chancellor Jeremy Hunt asking him to reconsider reinstating the freeze on beer duty as costs continue to rise for consumers resulting in a softening of beer sales
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NewsNightcap appoints group FD
Lizi Hills joins the late-night operator as its group finance director, from her role as head of finance at Various Eateries.
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NewsBurger chain Byron to be flipped to new owner
The owners of Byron have hired Interpath Advisory to find new investors as the hospitality sector faces stiff economic headwinds, Sky News learns.
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NewsSector could face £900m rates increase
If current relief ends and business rates increase in line with inflation, come April, it could prove “fatal” for many hospitality businesses, UKHospitality has warned.
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NewsKFC taking new approach to recruitment
Through its new employability programme, Hatch, the business is aiming for a third of all new hires to be young people who have faced barriers to employment, by 2030
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NewsDanieli Group to bring Stack to Durham
Danieli Group has submitted plans to convert the former Marks & Spencer store at Silver Street, Durham, into a Stack
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NewsUK economy shrinks by 0.2%
According to the Office for National Statistics, the UK economy has shrunk by 0.2% in the three months to September 2022
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NewsVarious Eateries confirms interim CFO appointment
James Darwent has been confirmed as interim CFO, with current CFO and director Oli Williams stepping down today
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NewsSales growth continues to fall short in real terms
Hospitality sales are 4% higher than they were during the same period in 2019, but well below pre-Covid comparatives in real terms, according to CGA and Wireless
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NewsUKHospitality renews calls for resolution to rail strikes
The trade body has called for a resolution to end industrial strike action, terming the most recent bout of strikes as a “week of misery.”
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NewsDomino’s: ‘Our results are a combination of both price and volume’
The pizza chain’s customer base has seen significant growth due to the Just Eat partnership, says interim CEO Elias Diaz Sese
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NewsCoffee#1 sees sales double
The Caffe Nero Group-owned community coffee shop operator saw sales peak in September and October, at 117% of pre-pandemic levels, resulting in its first £1m gross sales week.
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring new venues from F1 Arcade, The Inn Collection Group, and more
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NewsBig Table appoints new Bella Italia MD
John Baker will join as managing director of the Italian restaurant brand on 14 November, with Bella Italia having also appointed a new marketing director
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NewsYoung’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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NewsNightcap reports strong results from first full year of trading
The Cocktail Club, Adventure Bar Group, and Barrio operator announced revenues of £36m but reported slower momentum into FY2023
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NewsDomino’s reports strong momentum
Domino’s Pizza has reported its Q3 trading update, with like-for-like sales up 2.4% on last year, as well as announced its rollout on Just Eat and a new share buyback programme
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NewsETM appoints new marketing director
The group has appointed Kate Macdonald as its marketing director, also covering its Maven Leisure business.