All news articles – Page 268
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NewsInn Collection secures £42m from OakNorth
The new capital will be used to refurbish 13 of the Inn Collection Group’s existing sites and to support the continued development of its current property portfolio.
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NewsCalls for Scottish restrictions to be scrapped
The loss of Christmas and Hogmanay in Scotland is estimated to have cost businesses more than £1bn, according to UKH
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NewsNew grants for City of London businesses
The £10m scheme aims to support retail, hospitality and leisure businesses that have been hit by Omicron restrictions
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NewsNew Year trading up for Brighton Pier Group
While trading was impacted during December, Brighton Pier Group achieved a 9% increase in sales at its bars over the New Year period.
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NewsGovernment planning for end to self-isolation rules
Plans to end the legal requirement to self-isolate, in favour of ‘learning to live with Covid’, could be announced as early as the spring
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NewsHostmore sees December revenue down 8.3%
Despite continued uncertainty around Covid, the operator of Fridays and 63rd+1st said it was positive about the future, with its first QSR format site to open in March and many other sites in the pipeline
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NewsSA Brain poised for £100m pubs disposal
SA Brain is on the verge of signing a deal to sell 100 of its pubs to a consortium comprised of Song Capital and Cerberus Capital Management, according to Sky News.
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NewsWetherspoon’s founder Tim Martin says British boardrooms are ‘havens of wokery’
The pubs boss told the Mail on Sunday There is “too much virtue-signalling” and too little attention to more important fiduciary duties
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NewsBrewDog steps out of the dog house still keen to float
Chief executive James Watt says the firm has learned from past employees’ complaints and is set for a £75m expansion, The Sunday Times reports
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NewsPlan B restrictions to be scrapped as Boris Johnson plots fightback
Prime Minister scrambles to secure political survival in the wake of Downing Street parties scandal, starting with return of social freedoms, The Telegraph reports
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NewsUK tourism industry in peril as overseas visitors stay away
More than 40% of firms say they are likely to go under despite staycation boom, The Observer reports
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NewsPizza Pilgrims restarts regional expansion
The group has been granted a premises license to take over the former ProCook retail site on Ship Street, opposite The Ivy
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NewsOperators welcome move to cut self-isolation period
The government’s decision to reduce the duration of self-isolation to five days is expected to significantly improve staff availability in the hospitality sector.
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NewsPoor festive sales figures ‘crippling’ for the sector
Pub, restaurant and bar sales plummeted 60% on Christmas Day compared to 2019, according to the latest data from UKHospitality and CGA.
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NewsFlipdish raises £69m
The Dublin tech company, which helps restaurants bring delivery in-house, will use the funds to expand in the UK, Ireland, the US and France
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NewsCaffè Nero completes £330m debt restructure
The refinancing effectively ends EG Group’s Issa brothers’ takeover ambitions of the chain
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NewsStar Pubs pledges further support for Scottish and Welsh pubs
Star Pubs & Bars is to offer a 30% rent reduction to all of its pubs on core leased and tenanted agreements in Scotland and Wales
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NewsM&B feels impact of Omicron on Christmas trading
Mitchells & Butlers has reported a total sales decline of 5.2% for the year to date as the impact of Omicron had a noticeable impact on festive trading.
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NewsAdmiral reports resilience performance for FY21
Admiral Taverns’ CEO Chris Jowsey said the pandemic and the UK government’s response to it “had a seismic impact on the hospitality sector”
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NewsPret to invest more than £9m in staff pay
Pret A Manger has announced that from April 2022, 85% of its team members will earn at least £10 per hour.