All news articles – Page 447
-
NewsPubs the most popular as spending rises
Consumers are spending £69.64 on average when they go out to eat, drink and party, up 3.9% on last year, according to the latest Deltic Night Index. They are also heading out more often, recording an average of 1.51 times per week, compared to 1.42 times last quarter and 1.19 times last year. Over half (50.3%) feel a “big night out” is a good way to celebrate and 42.3% plan to go out more often during the festive period than they usually would. Nearly half (47.8%) plan to spend more on these nights out than usual.
-
NewsHawthorn Leisure appoints property director
Pub operator Hawthorn Leisure has appointed Ed Little as property director.
-
NewsM&A Review of the Year
It certainly hasn’t been a year in hospitality M&A for the faint hearted, but for those who have stuck with the sector and taken a long-term view, opportunity has knocked. Despite fears of an investor hiatus as a result of lingering uncertainty (ongoing Brexit delays certainly haven’t been helpful to M&A advisors!), the past 12 months has again proved the robustness of the M&A market in this sector, and points to further opportunities for 2020.
-
NewsA case for and against Foodservice delivery cannibalisation
While some operators might have some misgivings, in terms of key consumer metrics, the Foodservice Delivery market is firing on all cylinders. But aside from understanding more about market growth, the most common question we receive is about where the trade is coming from? Calling on insights from MCA’s latest Foodservice Delivery report, I went in search of some answers.
-
NewsGrowth Company Index 2020 launched
MCA is teaming up with Alix Partners again this year to find the top 50 private hospitality firms with the fastest-growing profits. If your company has three years’ audited accounts and turnover in excess of £3m, then please get in touch before 1 February to be considered for this year’s list. Previous entrants do not need to re-apply, but if you’d like to be considered for the first time, please contact james.halliwell@wrbm.com.
-
NewsFulham Shore reports hike in sales and lift in profits
Fulham Shore, which operates Franco Manca and The Real Greek, has said sales were up 9.3% to £36m for the six months ended 29 September 2019. Pre-tax profits were £1.4m, compared to a £0.1m loss the previous year. It opened six Franco Manca sites and one Real Greek site during the period, and has also opened one of each since September. It now has 51 Franco Manca sites and 18 Real Greek sites.
-
NewsSales and profits up at Brunning & Price
Brunning & Price has said sales were up 11% to £80.5m for the year ending 30 December 2018. Pre-tax profits were also up to £13.8m, compared to £10.1m the previous year, before exceptional items. “Our business is well positioned in the market with a compelling, differentiated food-led offer that consistently outperforms the pub restaurant sector,” said the business.
-
NewsCaffè Nero lfls up 3% in 86 consecutive quarter of growth
Caffè Nero have reported a ‘solid’ lfls growth of 3% for the year ending 31 May 2019, its 86 consecutive quarter of positive growth. Group sales also increase by 11%, reaching a total revenue of £366m across its entire estate.
-
NewsLivelyhood pub group revenue up as it plans 2020 opening
Livelyhood combined revenue at just under £7.5m for the year ending 31 July 2019, a turnover increase of £1.5m from approximately £6m in 2017/18 and plans to open its seventh site next year.
-
NewsStonegate launches female mentoring programme
Stonegate Pub Company has launched a new female mentoring programme to increase the representation of women in leadership roles across the business.
-
NewsUK Hospitality responds to election results
The sooner Brexit is secured, the sooner Government can focus on business policy, Kate Nicholls, UKHospitality CEO, has said. Responding to this morning’s results, Nicholls said ”a majority means that we begin to draw a line under the uncertainty we have felt over the last few years. The priority ...
-
NewsRola Wala founder buys business out of administration
Rola Wala founder Mark Wright has bought back the brand and assets of the Indian wrap concept after it went into administration with liabilities of £511,585.
-
NewsLas Iguanas scoops employees’ choice award
Las Iguanas has won Glassdoor Employees’ Choice Award, recognising the Best Places to Work in 2020.
-
NewsTim Hortons opens 25th UK site
Tim Hortons launched its 25th restaurant in the UK on Tuesday (10 December) in Cumbernauld, Scotland.
-
NewsTossed operator CVA proposals approved
Tossed and Vital Ingredient parent company Zest Food has had its CVA plans approved, safeguarding its 24-strong estate from closures for now.
-
News2020 expansion planned across Fuller’s entire estate
Fuller’s tenanted profits dip a “short term blip,” as it plans continued expansion into 2020, CEO Simon Emeny told MCA.
-
NewsMarket Hall’s Simon Anderson: ‘We’ve tried to create theatre’
The co-founder of the food hall concept explains how the project’s experiential aspect combines with adventurous Asian cuisines.
-
NewsWhat’s the take home from the latest Home Office ruling on takeaways?
Having represented many restaurants in the past, I have long battled with the Home Office when it comes to securing foreign chefs for UK restaurants. The difficulty lies in the fact that most foreign chefs require sponsorship by a UK business. In order to be able to sponsor a chef, restaurants cannot provide a take-away service.
-
NewsLabour’s new challenge to business
Labour is going to be a major headache in 2020. No, not the political party, but something potentially just as damaging to business if it doesn’t get it right. Staff shortages continue to blight the hospitality sector, and how to attract, retain, engage and motivate the best people is not ...
-
NewsCMA rules Amazon and Deliveroo deal could ‘harm competition’
Amazon and Deliveroo have been given 5 days to address concerns as the CMA revealed the proposed deal could ‘harm competition.’