All Finance articles – Page 11
-
NewsOakman sales up 36% versus 2019
The group has just opened its 36th site, The Rose Inn in Wokingham, following a £2.1m restoration and redesign project, with another 11 sites due to open before the end of 2023.
-
NewsD&D revenue hit as staff shortages suppress capacity
A lack of staff has meant the restaurant group has had to reduce covers, with the situation likely to worsen as Christmas approaches.
-
NewsGreggs sees huge growth opportunity from delivery
Greggs estimates it could achieve an additional £170m from delivery, as it targets £2.4bn turnover in the next five years.
-
NewsYoung’s appoints non-exec to board
Young’s has appointed Aisling Meany to its board as a non-executive director, with effect from 1 September 2021.
-
NewsJust Eat rejects talk of merger
Just Eat Takeaway.com’s chief executive Jitse Groen has rejected calls for a merger but has admitted that the delivery business needs to do “quite a lot of work” on its communication with investors, it has been reported.
-
NewsOutlook for Deliveroo dependent on post-pandemic demand
The pandemic has offered a structural growth opportunity for Deliveroo, but its longer-term outlook depends on how demand hold ups, and if the road to profitability becomes clearer, according to analyst Hargreaves Lansdown.
-
OpinionThinking of expanding? It is a capital idea if you choose the right option
For the last 18 months, the key word in hospitality and leisure has been “survival”. But as we start to get back to some degree of normality, the sentiment has shifted to “opportunity”. We are seeing more and more activity in the sector, with operators now ready to take advantage of the possibilities the pandemic has created.
-
Analysis & InsightThe growing appeal of IPOs
After a Covid-induced hiatus, there have been several IPO announcements this year, with companies such as TGI Fridays, Tortilla, Hawksmoor and Giggling Squid considering their options around going public. Meanwhile several more are believed to be weighing up a listing. How much of this is an opportunistic post-Covid trend? Does it represent a structural shift away from the private equity model? And what are the risks and rewards? Dominic Allport, insight editor, reports.
-
NewsDomino’s: Collection and store openings to drive future growth
Domino’s has given more details on its strategic, operational and financial performance following the release of its first half results. While giving an update on the execution of its strategy the importance of driving its collection business was highlighted, something Domino’s sees as providing an incremental growth opportunity. Store openings will continue to be supported by changed franchisee incentives.
-
NewsDomino’s ‘strong’ first half sales supported by VAT cut
Domino’s has delivered a “strong” performance for the first half of 2021, aided by reduced VAT, the Euros, an increase in orders and the chain’s own marketing activity. In the 26 weeks to 27 June 2021, UK and Ireland system sales grew 19.6% to £752.3m. Like-for-like system sales, excluding splits were up 19.3% (18.4% including splits). The chain warned that second half growth would be lower due to scheduled VAT increases.
-
NewsKFC, Pizza Hut and Taco Bell see sales recover
Yum! Brands – owner of KFC, Pizza Hut and Taco Bell - has reported strong Q2 growth, with KFC UK’s system sales rising 248% compared with the previous year, when many of its stores were shut due to the pandemic.
-
NewsMark Davies steps down as NewRiver CFO
Mark Davies is to step down from his position as NewRiver’s chief financial officer (CFO), and the company’s board, with immediate effect following the announcement earlier this week that NewRiver has reached an agreement to sell its pub business Hawthorn to Admiral Taverns.
-
NewsVarious Eateries ‘primed for growth’
Various Eateries, the Hugh Osmond backed operator of the Coppa Club, has reported “very strong trading” since reopening, facilitated by large outdoor spaces.
-
NewsHeartstone looking to build 30-strong estate
Heartstone Inns is looking to acquire additional managed houses, individually or in packages, in order to build its portfolio up to around 30 sites.
-
NewsCBRE appointed to sell £21.6m collection of Marston’s pubs
Global real estate advisor CBRE has been appointed by Aviva Investors to sell a collection of pubs let to Marston’s, worth £21.6m.
-
NewsHawthorn like-for-likes at 98% of 2019
Hawthorn, the community pub company, has reported like-for-like volumes in its leased and tenanted estate are at 98% compared to the same period in 2019.
-
NewsJob adverts and spending both up for hospitality
There has been a sharp rise in the number of hospitality job adverts, with online ads pushed up by the reopening of pubs and restaurants last month, The Times has reported. On 7 May the number of job adverts for roles in hospitality had increased by 46 percentage points since ...
-
NewsWelsh government confirms reopening and extra support
The Welsh government has confirmed that six people from up to six households will be able to meet in pubs and restaurants from 17 May.
-
NewsReconsider rates cap, or systematic closure of pubs will continue
The government must reconsider the £2 million cap on business rates relief it is proposing to implement when the rates holiday comes to an end on 30 June, according to Colliers.
-
NewsAsahi acquires Allpress Coffee
Asahi has acquired Allpress, the speciality coffee company with a presence in the UK, New Zealand Australia, Japan and Singapore.