All news articles – Page 451
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NewsGluten-free pasta concept is second in pop-up partnership
A gluten free pasta concept has taken the former Stem site in Mayfair, MCA understands.
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NewsSnapshot: Puttshack Bank in pictures
Puttshack has opened its first central London site, at 1 Poultry, Bank.
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NewsETM reveal sales boost amid “challenging” conditions
ETM grew sales 16.7% to £31.5m for the year ending 24 February 2019. Like-for-like sales were up 5.8% thanks to an increase in events sales, a focus on sport, and expansion. Group EBITDA rose 56.2% to £2.6m which the business said was “underpinned by sales growth, a commitment to optimising margins and leveraging head office overheads.”
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NewsRalph Findlay: ‘We are behind the market on food’
Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.
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NewsUrban Baristas set to open sixth London site
Artisan coffee brand Urban Baristas announce the launch of their sixth site on London’s Buckingham Palace Road.
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NewsYoung adults lack trust in mobile payment apps
Less than a quarter of 18-24-year-olds use their smartphones to pay bills when eating out, with confidence and customisation issues flagged up as barrier to use, according to the latest GO Technology report from Zonal and CGA.
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NewsDarwin & Wallace opts for reinvestment over expansion
Darwin & Wallace is putting expansion plans on hold to focus on improving its existing estate amid political and market uncertainty, managing director Mel Mariott has told MCA.
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NewsMarston’s reports £20m loss amid debt reduction focus
Marston’s has swung to a £20m statutory loss of the full year to 28 September 2019, down from a £54.3m profit in 2018.
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NewsNando’s drives profits after central costs restructure
Nando’s UK business has reported revenues up 7.9% to £779.4m for the full year to 24 February 2019.
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NewsRevolucion de Cuba collaborates with Bacardi
Revolucion de Cuba Bars has teamed up with Bacardi to launch a limited edition rum.
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NewsWingstop secures Bluewater site; partners with XBox
Wingstop UK has secured its third UK site, and will open at Bluewater in Kent, in collaboration with Microsoft XBox, in early 2020.
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NewsShaftesbury F&B tenants reporting turnover growth, on average
Shaftesbury has said its food, beverage and retail tenants are, on average, reporting growth in turnover, however, in common with business generally, cost pressures and staff shortages continued to present operational challenges.
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NewsTurtle Bay appoints new CFO and head of people
Caribbean restaurant and bar group, Turtle Bay, makes two senior appointments to its executive team.
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NewsPapa John’s appoints business development director
Papa John’s has appointed Justin Gilbert as its new director of business development in the UK.
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NewsAnalysts’ verdict: JP Morgan and Goodbody on Wagamama
Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.
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NewsCorbin & King reports lfl growth of 2.5%
Corbin & King has reported a 2.5% increase in like-for-like sales for the period to 31 December 2018, with EBITDA up from £1.3m to £7.5m.
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NewsMamago opens its doors on London’s Fenchurch Street
Mamago, Wagamama’s ‘little sister,’ is to open to the public today at 120 Fenchurch Street with a new menu adapted for the to-go site. Consumers should expect healthy, fresh food prepared in around four minutes or less, the website promises.
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NewsHickory’s prepared to ‘look outside the box’ in site search
Hickory’s Smokehouse is prepared to stretch its traditional site and location preferences in order to achieve the growth rate it is aiming for, managing director John Welsh has told MCA.
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NewsJust Eat urges shareholders to reject Prosus offer
Just Eat has told its shareholders a hostile takeover bid from Prosus of 710p per share “significantly undervalues” the company.
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NewsBababoom passes £400k crowdfund target
Bababoom, the contemporary kebab restaurant, has passed its crowdfunding target of £400,000, and will keep the raise open.