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NewsAberdeen Standard calls for more cash for Just Eat
Aberdeen Standard Investments (ASI) – one of Just Eat’s biggest investors – has called for Prosus to raise its offer by at least 20% for it “to be deemed attractive”, The Times has reported.
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What does it take for a restaurant to prosper in 2019?
”Diner forced to wait in restaurant shock!” Okay, I exaggerate to make a point, but in these continuing times of negative news feeds – Brexit shenanigans, slowing economic growth, weakening consumer confidence, restaurant CVAs, falling profits, chronic indebtedness, etc. – you could be forgiven for thinking we are locked into a vicious circle of decline. And yet, literally over the past two weeks, I have had three eating out experiences where all the tables were taken and the tills were thumping. What does this tell us and what insights can be gleaned?
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C&C sees strong brand performance in H1
Premium drinks manufacturer and supplier C&C Group has achieved net revenue growth of 13.5% over the six months to 31 August 2019, to €874.9m.
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Fuller’s to acquire Cotswold Inns & Hotels in £40m deal
Fuller’s has exchanged contracts in a £40m deal to acquire Cotswold Inns & Hotels.
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Goodbody on Whitbread
Following the announcement of Whitbread’s H1 results, Rachel Fox, equity analyst at Goodbody gives her verdict.
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Garvey to relaunch Rambla as Sola
Chef and restaurateur Victor Garvey is to relaunch his Catalan restaurant Rambla, in Soho, as a new California-inspired concept.
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Chew to launch Singaporean restaurant and bakery concept
Restauranteur Ellen Chew is to launch Singapulah & Arôme – a bakery by day and Singaporean restaurant by night – at 15 Frith Street in Soho next month.
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Adam’s leads TripAdvisor awards
Birmingham’s Adam’s has been named the top UK restaurant - and tenth in the world – by TripAdvisor’s Travellers’ Choice Awards.
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Double digit growth for Heineken in the UK
Heineken N.V.’s beer volumes saw double digit growth, boosted by UK sales, according to a Q3 2019 trading update.
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Caffe Nero trials barista table service
Caffe Nero is trialling a hybrid service style, which will see baristas deliver refills to customers at their tables.
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Menu price inflation pushes up consumer spend
Average consumer spend in September rose at breakfast, lunch and dinner as menu inflation and premiumisation pushed up consumer spending, MCA’s latest Eat Out Panel shows.
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Trial of McDonald’s To Go has been “encouraging”
Trials of McDonald’s new ‘To Go’ format have been “encouraging”, according to Paul Pomroy, chief executive for McDonald’s UK and Ireland, as the fast food operator’s focus on convenience gets results.
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Just Eat rejects cash offer by investment group
Just Eat has rejected a cash offer for the business by Prosus – part of South African-based e-commerce group Naspers.
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Ole & Steen lines up Notting Hill location
Ole & Steen is to open a 12th London bakery in Notting Hill, MCA understands.
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Jollibee heading for Liverpool
Filipino fried chicken chain Jollibee is set to open its second UK site in Liverpool.
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Two new sites secured by Little Farm
Investor-backed healthy food shop and restaurant Little Farm has lined up two further London openings, in Kensington and the City.
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Just Eat publishes scheme document for Takeaway.com merger
Just Eat has announced the scheme document for shareholders, regarding its proposed merger with Netherlands-based Takeaway.com has now been published.
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Other Side Fried secures Brixton takeaway-restaurant
Fried chicken concept Other Side Fried is opening its first bricks and mortar restaurant in Brixton.
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Papa John’s appoints R&D director
Papa John’s has appointed Tom Allen to the newly-created role of R&D director for the UK.
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Whitbread sees turnaround in total F&B sales
Whitbread has seen total food and beverage sales within Premier Inn UK increase by 0.6% during the first half of 2019/20, following a 0.8% decline seen for H1 last year.
