All news articles – Page 236
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NewsGlobal gastro gaming concept to open in London
The Social Gaming Group is to open its first Oche site in the UK, on The Strand, next month.
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NewsRail strike could cost hospitality sector £540m in lost sales
The calculations are based on a 20% drop in sales, however the impact in central London is expected to be much greater, said UKHospitality
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NewsStarbucks franchisee to escalate expansion
The Magic Bean Co is looking to grow its 24-site business of drive-thrus to 200 sites across the UK over the next five years.
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NewsMegan’s to handout £5m staff bonus
Megan’s has set aside the bonus to reward staff members for their hard work and contribution to its Retailers’ Retailer Award win earlier this year.
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NewsDeliveroo appoints new CFO
Scilla Grimble is expected to start her role no later than June 2023, with Adam Miller stepping down from his role as CFO and director in September
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NewsTesco sales fall amid ‘incredibly challenging’ cost of living crisis
Tesco said sales at the supermarket giant have fallen due to “unprecedented increases in the cost of living”, Sky News reports
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NewsLondon businesses ‘overwhelmed’ as ministers urged to cut taxes
The London Chamber of Commerce and Industry is demanding action from the Government to protect its members, the Evening Standard reports
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NewsHow British pub group Greene King is managing acute inflation
As prices soar and customers spend less, the 220-year-old business is a stark example of the pressures on companies, the Financial Times reports
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NewsGrocery body predicts food prices to rise 15% by summer
The Institute for Grocery Distribution says boosts will leave households looking to the future with considerable anxiety, the Evening Standard reports
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NewsUK’s star chefs get creative to keep menu prices down
Faced with staff shortages, soaring food costs and rising pay, restaurants are trying out less expensive ingredients, the Guardian reports
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NewsPret sells four stores to franchise business
Joy Brands, the Pret franchise business run by The Chesterford Group, has acquired two Pret-branded stores in Cambridge, one in Chelmsford and one in St Albans
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NewsInterest rates set to reach 3%
The Bank of England’s interest rate could reach as high as 3% by the end of the year, as measures are ramped up to fight inflation.
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NewsPunch shows interest in Amber Taverns acquisition
Punch Pubs & Co is exploring a potential takeover of Blackpool-based pub company Amber Taverns, alongside interest from several other pub companies, Sky News has reported.
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NewsPaddy & Scott’s shakes up senior team
Managing director Jon Reed is being promoted to chief executive of the coffee company, while founder Scott Russell focuses on community projects
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NewsItsu planning 50 franchise sites in France
The Asian-inspired brand has signed a master franchise agreement with French restaurant empire Groupe Bertrand and appointed Nick Schapira as its director of international
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NewsGiggling Squid names new exec team
The BGF-backed Thai restaurant group has shuffled its senior team, with several internal promotions, as it continues to expand across the UK
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NewsOpenings of the week
Black Sheep Coffee, The Hush Collection and Brewers Fayre, feature in MCA’s roundup of the latest openings news this week
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NewsPret to launch in UAE
A new agreement with franchise partner Emirates Leisure Retail is part of Pret’s aim to double the size of its business within five years
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NewsGiggling Squid COO departs
Rory Marthinusen stepped down as chief operating officer at the Thai restaurant chain earlier this month, MCA understands, following four years in the role
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NewsMcMullens turns a profit despite challenges
In the current financial year, the family brewer has opened new pubs in Whitehall, Cambridge, Milton Keynes and is currently developing a new site in St Albans.