Restaurants News – Page 505
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NewsTurtle Bay secures sixth site
Turtle Bay, the five-strong Caribbean restaurant chain led by Aj Jaya-Wickrema, has secured its sixth site in Leamington Spa for an opening next year
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Bacon: landlord relationships are key
Good relationships with landlords are crucial for operators to keep ahead, Living Ventures chief executive Tim Bacon told the MA300 conference in Leeds
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Richoux EBITDA grows 12%
Richoux, the AIM-listed restaurant operator, saw EBITDA grow from £660,000 to £740,000 in the 28 weeks to 14 July as it reiterated plans to secure new sites
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NewsJack upgrades Domino’s to Buy
A leading analyst has raised its recommendation for Domino’s Pizza to Buy following recent weakness, and said the group was in good shape with his only concern being a “slight slowdown in expansion”
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McDonald’s to ramp up nutritional message
McDonald’s has announced plans to begin offering side salads as substitutes for french fries in its value meals at no additional cost across the US next year
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Le Bistrot Pierre secures Torquay site
Le Bistrot Pierre, the highly-regarded French restaurant chain, has secured its second site in Devon, and 12th overall, in Torquay
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M&B’s Darby: Recovery will be patchy
Alistair Darby, chief executive at Mitchells & Butlers (M&B) said the economic recovery will be patchy and that he expects highs and lows in trading going forward
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Rick Stein’s group reports FY sales decline
Seafood Restaurant Company, the business led by high-profile chef Rick Stein, reported a 4% decline in turnover to £14.6m in the year to 30 December 2012
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Pivon departs from Obika
Matthew Piovan has stepped down head of UK operations for Obika Holdings, the international mozzarella bar chain, after less than a year in the role, M&C Report understands
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NewsPizzaExpress launches pizza-making apprenticeships
PizzaExpress is launching what it claims is the first ever nationally recognised qualification in the art of pizza-making
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Two stars for Dinner by Heston Blumenthal and Greenhouse
The Michelin Guide for Great Britain and Ireland 2014 has awarded Heston Blumenthal’s Dinner and Mayfair restaurant Greenhouse two Michelin stars
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Compass predicts 4% rise in FY revenues
Compass Group, the international caterer, says it expects to report a 4% rise in organic revenues in the year to 30 September after a “good performance” in Q4, despite a 3% fall in organic revenues in the Europe & Japan division
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McDonald’s has launches Snack Wrap breakfast options
McDonald’s has introduced three new breakfast options to its Snack Wrap range
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Peel Hunt upgrades TRG
A leading analyst has upgraded his recommendation on The Restaurant Group’s shares to Buy on the back of increased visibility in the context of an expanding new site pipeline, combined with consistently high returns
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NewsMorales to launch Andina site
Martin Morales, the founder of Ceviche, the hotly-tipped Peruvian restaurant and bar concept, will open Andina, which is a Peruvian ‘picanteria’- a family-run traditional community restaurant - this December, in Shoreditch
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New music-themed steak & burger concept set to launch
Winston O’ Boogies, a new musically themed steakhouse & burger concept, is set to launch at the start of next month in Fulham Broadway
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Malmaison to launch new steak concept
Malmaison, the boutique hotel chain, is to launch a new steak and bar concept at its site in London, M&C Report understands
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Carluccio’s secures Fire & Stone site
Carluccio’s, the all-day Italian café chain led by Simon Kossoff, is set to open in Portsmouth, after securing the former Fire & Stone in the city from Covent Garden Restaurants and Bars (CG)
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Comptoir Libanais expands to Bluewater
Comptoir Libanais, the Lebanese-inspired canteen and delicatessen created by Tony Kitous, which is understood to be attracting interest from the Business Growth Fund (BGF), is to open its first restaurant outside London at Bluewater
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F&B lifts Network Rail retail lfls
Dining brands performed the strongest of all retail sectors at Network Rail-operated stations in the three months to the end of June, as Network Rail posted its best retail results for four years, aided by investments at key locations and favourable weather