All Finance articles – Page 28
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NewsArc Inspirations EBITDA up 15%
Arc Inspirations, the operator behind Banyan, BOX and Manahatta, has announced turnover increased 16.7% to £27.2m, up from £23.3m on the previous year.
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NewsMcDonald’s turnover down amid franchise focus
McDonald’s UK saw turnover decrease in 2018 as its continued focus on franchising increasingly recognised incomes over sales.
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NewsMOD Pizza UK reports £6.9m losses in 2018
MOD Pizza UK has reported losses of £6.9m in 2018 – following losses of £11m the previous year.
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NewsYapster raises £2.6m
Yapster, a communications platform for hospitality workers, has raised just over £2.6m as the company looks to deliver on its ambitious growth plans for 2020 and beyond.
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NewsThai Leisure Group CVA is approved
Thai Leisure Group has had its proposed Company Voluntary Arrangement approved by its creditors.
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NewsKFC profits plunge after chicken crisis
KFC UK saw its turnover and profits plunge following its distribution crisis last year, but did not swing to a loss over all.
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NewsPizzaExpress hires advisers for debt talks
PizzaExpress has hired financial adviser Houlihan Lokey to prepare for debt talks with its creditors amid continued tough trading conditions, Bloomberg reports.
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NewsBrewdog bars lose £235k amid expansion drive
Brewdog’s bar division made a pre-tax loss of £235,000 in 2018 - up from £45,00 in 2017.
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NewsAdministrators appointed at Bumpkin and Eclipse operator Ignite
Ignite, the premium West End operator which was once a favourite of Prince William and Prince Harry, has been taken into administration, MCA understands.
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NewsSeafood Pub Company sees losses increase
Seafood Pub Company has reported a group loss after tax of £2.73m for the full-year to 31 December 2018, compared to a loss of £1.15m the previous year, after higher administrative expenses and cost of sales impacted profits.
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NewsPrezzo made £29.7m loss in 2018 after CVA
Prezzo made an operating loss of £29.7m in 2018 following the CVA that saw it close nearly 100 restaurants.
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NewsErpingham House hits 50% of £250k crowdfund
Erpingham House, the UK’s biggest vegan restaurant, has secured 50% of its crowdfunding target ahead of its public launch later this week.
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NewsJamie’s profits plunge following restaurant collapse
Jamie Oliver has revealed the scale of the impact the collapse of his restaurant group had on his overall business interests. Pre-tax profits at his businesses, made up of Jamie Oliver Holdings, Jamie Oliver Licensing and Jamie’s Italian International, almost halved by 46%, from £14.4m to £7.8m. The business said its profits were “impacted by exceptional costs of £9.9m in the year related to the restaurant group.”
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NewsSSP forecasts 1.8% lfls growth in Q4 2019
SSP Group expects like-for-like sales growth of approximately 1.8% in the fourth quarter of 2019, according to a pre close trading update.
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NewsAbokado: ‘small handful’ of underperforming sites could close
Abokado CEO Mark Lilley has told MCA there are a small handful of underperforming shops in the estate which could be closed over the coming months.
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NewsTime Out to resubmit Spitalfields market bid in Q4
Time Out will resubmit its planning application for a market in Spitalfields in Q4 2019, with a potential opening anytime from late 2020.
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NewsStrong drink sales drive M&B’s 3.3% lfls growth
Mitchells & Butlers (M&B) has continued to outperform the market in the eight weeks to 21 September, with like-for-like sales growing by 3.3%.
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NewsAll Our Bars reports 3% lfls growth
All Our Bars, the South East-based pub and bar group, has reported a 3% increase in like-for-like revenues for the full year to July 2019.
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OpinionBerenberg on City Pub Group
City Pub Group’s (CPG) H1 results showed “impressive top-line momentum”, said analysts at Berenberg, after the pub operator reported sales were up 36% year-on-year.
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NewsBenito’s Hat undergoes CVA
Benito’s Hat operator Pico’s Ltd has entered into a Company Voluntary Arrangement (CVA) after suffering cashflow problems.