All Results articles – Page 6
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NewsETM reports FY turnover up 34.7%
ETM, the 14-strong bar and restaurant group, saw turnover grow 34.7% to £27m in the year to 29 February 2018.
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NewsLfls up 6% at Loungers; evaluates IPO potential
Loungers, the Lounge and Cosy Club concepts operator, has reported a 6% increase in like-for-like sales for the year to 22 April, with revenue growth of 31.9% to £121.1m, as talk of a potential IPO for the business resurfaces.
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NewsM&B: JVs, virtual brands and surge pricing
Following yesterday’s full-year results announcement, MCA talks to Mitchells & Butlers chief executive Phil Urban. He discusses performance across its suite of brands, and why he sees joint ventures as the smartest form of M&A. He also says developing a virtual brand is on the company’s road map, talks about the rollout of order at table technology and the company’s work on flexing price during busy periods.
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NewsFuller’s H1 managed lfls up 4.1%
Fuller’s has reported like-for-like sales (lfls) in its managed portfolio up 4.1% in the six months to 29 September.
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NewsHawthorn model could be rolled out across NewRiver’s retail portfolio
Mark Davies, the executive chairman of the 616-strong Hawthorn Leisure pub company, has told MCA that its management skills are already being integrated into the shopping centre portfolio of parent company NewRiver.
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NewsM&B FY lfls up 1.3%
Mitchells & Butlers has this morning announced like-for-like sales the year to 29 September up 1.3%, with a 2.2% rise in the past seven weeks.
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NewsBoost from delivery helps Tortilla LFLs rise 6% YTD
Tortilla has seen like-for-like sales (lfls) increase by c6% across it estate in the year to date, and has plans to take further advantage of the trend for delivery, including its own dark kitchen concept, MCA has learnt.
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NewsEiG: 2020 is ‘just a line in the sand’
Ei Group chief executive Simon Townsend has told MCA that 2020 is merely a ‘line in the sand’ in terms of its strategy and he expects the managed pub estate to continue growing at up to 125 pubs a year well into the next decade.
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NewsMarston’s reports ‘solid’ start to FY19
Marston’s has reported a ‘solid’ performance in the seven weeks since 29 September, with growth in pub like-for-like sales (lfls) and own and licensed beer volumes.
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NewsNewRiver sees £1.7m synergies from Hawthorn in H1
NewRiver says it has unlocked £1.7m of the expected £3m synergies from the acquisition of Hawthorn Leisure.
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NewsSmith to replace Swann as SSP global CEO
SSP Group has announced that Kate Swann is to step down from her role as group chief executive next May, to be replaced by current UK & Ireland chief executive, Simon Smith.
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NewsCompass Group sees FY boost from UK contract wins
Compass Group, the concessions operator and contract caterer, has said a new contract win with financial services group ING in the UK helped to accelerate organic growth in Europe in the year to 30 September.
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NewsEiG managed lfls up 7.1%; ‘considerable interest’ in commercial property arm
Ei Group (EiG) has reported like-for-like (lfl) sales up 7.1% in its 308-strong managed division for the year to 30 September.
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NewsEagle Eye expands into QSR with Burger King contract
Eagle Eye, the digital loyalty company, has signed a three-year deal with the Bridgepoint-backed Burger King UK – its first quick service restaurant (QSR) customer.
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OpinionYoung’s: Levers for growth; bolt-on acquisitions and cannabis cocktails
Young’s chief executive Patrick Dardis spoke to MCA after yesterday’s H1 trading update. He discussed further levers for growth, why Young’s has turned down several pub groups on the market, his anger with politicians, why he doesn’t pay attention to what his peers are doing and why cannabis-infused mocktails may be the next big trend.
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NewsAzzurri FY sales up 8.5%
Azzurri Group chief executive Steve Holmes has told MCA that the group is primed to capitalise on the good property deals he expects will result from the contraction in the casual dining market.
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NewsJDW Q1 lfls up 5.5%
JD Wetherspoon has reported a 5.5% rise in like-for-like sales in the 13 weeks to 28 October.
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Fulham Shore reports on “successful” H1
Fulham Shore has given a sparse update on the six months to 23 September ahead of the full interim results announcement next month.
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NewsJust Eat records first ever million-order weekend
Online delivery platform Just Eat saw group orders grow 16% to 30.3 million in the third quarter to 30 September.
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NewsGBK lfls fell 9.7% in H1; Wimpy revenue up 13.6%
Gourmet Burger Kitchen (GBK) saw like-for-like (lfl) sales fall by 9.7%, compared to a 3.2% seen in 2017, in the 26 weeks to 26 August 2018.