All news articles – Page 55
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NewsHydes continues to ramp up annual turnover
The North West-based brewer and pub retailer achieved record turnover for the 2023/24 financial year of £39.3m – up £5.2m on the previous year.
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NewsBill’s sees EBITDA up 51% in 2024
The Richard Caring-owned restaurant group has been building on the record sales performance in delivered in 2023, with a 3.4% increase in like-for-like sales achieved in the first half of this year
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NewsSushiDog hires Richard Morris as NED
The former Tortilla CEO, who left the burrito brand earlier this year, joins the sushi roll concept as it plans mutiple site openings
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NewsBoulebar achieves new sales record
The 13-strong experiential concept, which debuted in London last year, announced £9.9m in net sales in H1 2024
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NewsBrakspear acquisitive despite hit to profitability
Underlying EBITDA declined from £11.2m, to £10.9m in 2023, but CEO Tom Davies is pleased with its performance and actively looking to acquire sites
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NewsPrezzo sees return to profitability
Profit after tax at the Cain Interational-basked chain was £5.5m for the year ended 31 December 2023, compared to a loss of £31.6m the prior year
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NewsBill’s to return to expansion trail
The Ricard Caring-owned restaurant chain is looking to open “hybrid” versions of its traditional restaurants and new cafe concept, following record sales
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NewsPizzaExpress achieves strong lfls in 2023, but profits turn to loss
PizzaExpress UK & Ireland achieved 8.3% like-for-like growth last year, but “stubbornly high inflation” impacted profits, with a total loss after tax of £7.5m for the group
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NewsWhy big-name restaurants are abandoning tasting menus
The apogee of Michelin-star opulence or an endless faff of fussy dishes? Top chefs explain why they’re switching back to a la carte
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NewsCineworld threatens to rip out seats if landlords reject rent cuts
Local councils are among the owners facing losses ahead of a High Court verdict on whether the operator can restructure the UK business
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NewsGen Z don’t want to talk to waiters, says Bill’s boss
MD Tom James says younger customers prefer ‘communicating through their phones’
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NewsNon-alcoholic Guinness ‘could end up outselling original
Guinness owner plans to sell booze-free version on draught across UK pubs
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NewsDeliveroo primes drivers to photograph restaurant menus amid price row
The move comes as research finds ordering takeaways through delivery apps can cost 44% more
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NewsPubs will cut their opening hours as peak rail fares return, warn business leaders
Trade and industry leaders say end of the ScotRail fares trial means footfall will drop in city centres
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NewsFish and chips price rise tops UK takeaways
The average price for a portion of fish and chips rose more than 50% to nearly £10 in the five years to July, BBC News reports
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NewsSt John returns to 1994 prices for 30th anniversary
The ‘nose to tail’ Michelin-starred restaurant will serve customer favourites such as the roast bone marrow and parsley salad for just over £4
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NewsJamie Oliver Holdings reports rise in turnover
The group also reported a decrease in profitability due to increased operating expenses following the opening of the Catherine Street restaurant last year
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NewsCrosstown co-founder issues warning to new owners
Adam Wills, who has since left the premium doughnut brand, has remarked that “no business deserves to survive just because it was once great”
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NewsUrban Greens to accelerate expansion
The London-based premium salad chain is looking to add a further five sites to its estate over the next 18 months, co-founder Rushil Ramjee told MCA.
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NewsOpenings of the week
MCA rounds up this week’s biggest openings stories, featuring Shake Shack, Bleecker, Benugo and more