All Finance articles – Page 6
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NewsStonegate launches Pub Partners platform as part of £10m investment
The new platform will offer publicans ideas and advice on how to grow sales, reduce operating costs and run a successful business.
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NewsOnline talent platform secures £29m in funding
Brigad raised a Series B round, led by Balderton Capital, in order to accelerate its growth in the hospitality sector across the UK and Continental Europe.
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NewsMegan’s to open six sites this year
The all-day dining concept is set to deliver £26m of revenue in FY2023, with recent trading described as “exceptionally strong”
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OpinionM&A: Will 2023 prove to be a game of two halves?
Corporate finance specialists Graeme Smith and Craig Rachel from AlixPartners assess the landscape for M&A activity this year and believe there is room for optimism
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NewsMcDonald’s Raise the Arches campaign hits the right note
Recently launched in the UK, the marketing campaign – which never mentions the brand name – has been driving customer engagement
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NewsWagamama appoints new CFO
Matt Crumpler is due to join the Asian restaurant brand next month from his role as FD at The Restaurant Group
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NewsWhitbread reports continued trading momentum
The Premier Inn operator saw F&B sales remained down on pre-pandemic levels, despite strong like-for-like sales growth in Q3 FY23
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NewsMitchells & Butlers sees festive trading up on pre-pandemic levels
The Harvester and All Bar One operator saw like-for-like sales up by 8.9% in the 15 weeks to 7 January, compared to the same period in 2019
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NewsInception Group posts return to profit
The experiential venue operator of Mr Fogg’s and Control Room B saw revenues bounce back to £12.7m in the year to December 2021
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Analysis & InsightSpending boosted by Christmas parties and World Cup
Pubs, bars and clubs saw card spend up 12.6% in December – the biggest uplift since May 2022, despite the impact of the rail strikes, found the latest monthly data from Barclays
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NewsPunch Pubs revenue recovers
The pub operator has reported a revenue of £284.4m and a loss after tax of £3.1m for the year ended 14 August 2022
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NewsTortilla stays resilient through 2022
Tortilla has reported group revenue of £57.7m for FY22, with Q4 like-for-like revenue growth 16% up vs FY19 despite challenging trading conditions
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NewsSukho Group reports post-pandemic bounceback
The multibrand restaurant group, comprising Zaap Thai and Sukho Thai, has reported £13.5m in sales for the year ending March 2022
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NewsGreggs continues robust trading
The food-to-go retailer has reported total sales of £1,513m for the year ended 31 December 2022, up 23% from £1,230m in 2021
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NewsAdmiral Taverns turnover boosted by Hawthorn integration
The c1,550-strong pub operator reported turnover of £152.8m following the successful integration of the Hawthorn Community Pub Company
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NewsBoston Tea Party FD steps down
Julie Centracchio has stepped down as finance director at the 25-strong cafe group
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NewsGail’s turnover driven by new openings
The premium bakery chain reported turnover of £62m for the five months ended February 2022 and £100m for the entire year, a 76% rise on the prior year
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NewsETM Group reports return to EBITDA profitability
The 13-strong London-based operator reported a turnover of £21.6m in the year to February 2021, and a return to EBITDA profitability of £2m
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NewsMitchells & Butlers sees profits recover
Excluding utilities, Mitchells & Butlers has reported profits have broadly recovered in the year to September 2022, with a total revenue of £2,208m
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NewsSSP Group announces return to profit
The operator has announced its results for the year ended 30 September 2022, with recovery in passenger demand and a shift in focus towards North America and Asia