All news articles – Page 227
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NewsOakman hires advisers to explore refinancing
The group is understood to have hired Forster Chase to explore refinancing options, as it looks to refurbish a number of new acquisitions
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NewsPrices fall as UK heatwave produces glut of soft fruit
Yields of cherries, strawberries and blueberries could more than double on the same time last year, the Guardian reports
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NewsFranco Manca: ‘We secretly raised our wages and pinched our rivals’ best staff’
Franco Manca boss David Page spoke to the Telegraph about bouncing back, Pizza Express and ‘charming’ Rishi Sunak
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NewsFirms face £22bn business rates hike
Businesses call for an increase in government support as companies brace for rise in tax toll and soaring costs, the Mail on Sunday reports
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NewsCoffee wars leave Starbucks ground down by rivals
Starbucks is losing out in an increasingly competitive market and could sell its British operation, the Sunday Times reports
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NewsInflation could hit 15 per cent this winter, warns EY
EY’s stark warning comes as food and gas are left at mercy of war, the Sunday Times reports
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NewsConsumer groups face sales hit as cash-strapped shoppers trade down
Customers switch from branded goods to own-brand labels in response to cost of living crisis, the Financial Times reports
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NewsHigh UK inflation hits sales, confidence and activity
Volume of goods bought falls for second consecutive month, as economists warn of economic recession later this year, the Financial Times reports
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NewsHills leaves Megan’s
Sarah Hills has stepped down as managing director at Megan’s Restaurants after less than two years in the role.
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NewsRed Mist founder launches new venture
Mark Robson has set up New Dawn Pubs with fellow Red Mist Leisure directors, following its sale to Red Lion Holdings
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NewsOpenings of the week
MCA rounds up this week’s biggest openings and announcements, featuring new sites from Flight Club, Roxy Leisure, Bone Daddies, Incipio Group, and more
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NewsTrade bodies condemn delay in alcohol duty reform
UKHospitality and the BBPA both called for the new government to put reforms back on track to help the pub sector get back on its feet
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NewsMitchells & Butlers’ sales driven by food
The pub business saw a decline in like-for-like drink sales since 2019, partially offset by a rise in food sales
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NewsFulham Shore comes out strong post-pandemic
The Franco Manca and Real Greek operator reported a 20.6% increase in turnover compared to pre-pandemic, with a pipeline of over 120 restaurants
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NewsFuller’s reports recovery in capital
In a statement preceding its AGM today, the pub operator reported continued recovery in central London venues and an overall like-for-like sales increase of 3% compared to 2019
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NewsPub operators amp up delivery and retention efforts
Leading pub operators discussed their views on the current trading landscape during a round table discussion at MCA’s Pub Conference
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NewsUKHospitality calls for immediate reduction in business rates
Responding to a government consultation, the trade body argued most operators are burdened with heavy debt and soaring costs
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NewsLoungers: ‘We see lots of opportunity in London’
Openings in Greater London this year to far exceed FY21/22, with its property pipeline remaining “very well advanced”, chief executive Nick Collins has said
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NewsBusiness confidence falls as inflation soars
Companies’ confidence in the economy has declined sharply as inflation rose to a fresh 40-year high
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NewsMcDonald’s takes loyalty scheme nationwide
The fast-food chain has expanded its first loyalty scheme in the UK, MyMcDonald’s Rewards, taking it nationwide, following a successful trial earlier this year