All news articles – Page 38
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NewsKrispy Kreme profits dragged by UK underperformance
The UK business has welcomed a new management team led by Pret’s Guy Meakin focused on improving the performance
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NewsInterest rate cut ‘significantly overshadowed’ by Budget
The Bank of England confirmed yesterday that the cost of borrowing would fall by a quarter of a percentage point, from 5% to 4.75%
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NewsBoston Tea Party calls for ban on single-use coffee cups
The Bristol-founded café group has called on some of the UK’s largest chains to ban disposable coffee cups across their estates
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NewsWetherspoon warns of price rises to come
Analysts say price rises are likely across the industry to offset the ongoing cost measures, albeit JDW chairman Tim Martin said the chain will attempt to remain as competitive as possible
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NewsNero Group acquires FCB Coffee
The acquisition bolsters Nero’s travel and transport business, and means it now has more than 50 locations in train and underground transport hubs in the UK
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NewsWhitbread begins search for new chairman
Adam Crozier has been chairman of Whitbread since 2018 and is expected to step down at some point over the next 12 months
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NewsSector in “survival mode” after avalanche of Budget costs
Business secretary Jonathan Reynolds was told that changes to employers National Insurance Contributions meant the tax bill for employing a part-time worker had increased by 73% and would result in business investment being cut
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NewsWetherspoon reports 5.6% rise in like-for-likes in Q1
Chairman Tim Martin warned of widespread price rises across the sector following the Budget, but said the business would make every attempt to stay as competitive as possible
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NewsDomino’s sees return to lfl growth in Q3
Total orders were up 3.5% to 17.4m versus last year, aided by a significant strengthening in delivery orders – up 6.6%, with like-for-like systems sales up 0.7% at the pizza group.
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NewsBrewDog appoints new chief retail officer
Former Côte Brasserie MD Lisa Buckley takes on the global role in January and will oversee BrewDog’s retail offering including its 120-plus bar and hotel estate.
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NewsKFC UK sees 6% system sales drop
The Q3 sales decline occurred across many of KFC’s other divisions, including the US, Asia, and the Middle East, Turkey, and North Africa segments
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NewsStarbucks brings back ‘retro’ touches
Handwritten names on cups and self-service sugar and condiments will return, while charges for alternative milks will be dropped, as the company seeks to reverse its fortunes
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NewsHospitality venues dropped from smoking ban
The Tobacco and Vapes Bill will make it illegal to smoke in children’s playgrounds and outside schools and hospitals, but pub and bar outdoor spaces will not be included
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NewsSoho Coffee Co seeks franchise partners
The group, which runs 29 UK coffee shops and a further 14 overseas, is keen to build its footprint in the UK, with three concepts on offer through franchising
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NewsUKHospitality urges against festive tube strikes
A letter, backed by leaders of some of the UK’s biggest hospitality groups, has been sent to London Mayor Sadiq Khan, and the general secretaries of the RMT and ASLEF unions, calling for a swift resolution to the dispute
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NewsKFC to recruit 700 new staff
The recruitment drive in the run-up to the busy Christmas season is for full and part-time permanent roles at all levels of experience
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NewsDishoom appoints advisors as it looks to US for expansion
The Indian restaurant group is seeking new investment to support its international growth ambitions and has begun looking for locations, primarily in New York City
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NewsDiageo appoints MD for Guinness Open Gate Brewery London
Jason Thorndycraft, formerly of Deltic and Novus Leisure, joins as Diageo gears up to open the £73m, 50,000 sq ft microbrewery and culture hub for Guinness in Covent Garden
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NewsKnoops launches first international store in Dubai
The chocolate drinks concept, which runs more than 20 stores in the UK, has opened in Dubai’s City Centre Mirdif shopping mall, with the store to lead the multichannel testing phase of the brand into the UAE
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NewsRMT tube strikes suspended
Planned strikes from ASLEF - the train drivers’ union - are still set to go ahead this week (7 and 12 November) and later this month