All news articles – Page 274
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NewsBill’s confirms closures as losses widen
The Richard Caring-backed group closed 14 loss-making restaurants during the last financial year as cost pressures forced it to revaluate their performance.
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NewsOakman to launch public share offering
The Oakman Group is to launch its first FCA regulated fund raise with its first full public share offering to open on Friday 17 December.
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NewsOakman achieves +16% rise in like-for-likes
Chief executive Dermot King said he did not expect Oakman to be negatively impacted by the recently introduced Plan B restrictions and has forecast year-end sales in excess of £64m.
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NewsHow the new Covid restrictions will hit the UK economy
Just how bad could the nightmare return of Covid get for Britain’s struggling economy, The Sunday Times asks
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NewsJavid advised to take ‘stringent’ Covid measures within a week, leak reveals
Health officials say urgent action needed to avoid mass hospitalisations and overwhelming the NHS, The Guardian reports
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NewsPubs and restaurants fear ‘shuddering halt’ from new Covid rules
More than 130 hospitality operators call on ministers to provide financial support in wake of new restrictions, The Telegraph reports
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NewsDöner Shack eyes 15 further sites in 2022
The German street food concept plans to ramp up its expansion in the UK next year and is also looking at franchise locations in the US
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NewsThe Coconut Tree to target uni cities
The Sri Lankan restaurant operator is looking to open “a handful of sites” in university cities next year as part of its 2022 expansion
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NewsNovember sales growth below inflation estimates
Total sales across managed pubs and restaurants declined to 2% in November, according to the latest Coffer CGA Business Tracker
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NewsMcDonald’s opens first carbon zero restaurant
The restaurant in Market Drayton features kerb stones constructed from plastic bottles and art work made from used coffee beans and will act as a blueprint for future restaurants across the country.
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NewsIncipio to launch Dear Grace in White City
It will occupy the former Wellbourne Brasserie and Mother Clucker sites at 195 Wood Lane
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NewsCalls for urgent review of financial support
Industry leaders have called for unspent grants to be redirected to the sector, or for a discretionary fund to be administered by local authorities
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NewsNominations deadline extended for Retailers’ Awards
To nominate the Best Company, International Newcomer and Deal of the Year, submit your picks for MCA’s Retailers’ Retailer Awards 2022
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NewsAvocado Show eyes new year growth
The specialist restaurant concept is set to open at least two more sites in London in the new year.
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NewsRent assessments would add ‘further confusion’
The Pubs Code Adjudicator (PCA) has cautioned against adding further complexity and volume of information provided to prospective tied tenants
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NewsGreene King announces £6m Christmas bonus scheme
The reward package fincludes a £300 cash bonus, extra holiday allowances, an uplift in hourly rates, increased team discount and a meal per shift
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News63rd+1st appoints ops director
Graeme Nesbitt was previously a GM at Malmaison when Hostmore CEO Robert B. Cook led the hotel brand
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NewsKFC saw small decline in like-for-like sales last year
The fast food chain’s like-for-like sales in the UK declined by 1.6% for the full year to 27 December 2020 on the back of strong trading in the second quarter.
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NewsSSP reports revenue decline of +40%
The group said trading levels had improved over the summer and autumn, with revenue averaging 66% of 2019 levels in the first nine weeks of the new financial year.
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NewsHostmore to increase rate of expansion
In its first update since listing on the London Stock Exchange, the operator of Fridays and 63rd+1st said it had lined up five further sites across the two brands, as EBITDA exceeds 2019 levels.