All Finance articles – Page 7
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NewsJoseph Holt reports slow recovery
The independent pub and brewery operator reported sales are recovering since the pandemic but have yet to catch up to 2019 levels
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NewsStarbucks explores sale of UK division
Coffee giant seeks potential buyers as challenges mount, The Sunday Times has reported
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NewsWetherspoon: ‘recovery more laborious than anticipated’
Despite an improvement in sales since the last quarter, the company announced it is yet to return to pre-pandemic trading levels
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NewsStonegate places 75 pubs on the market
The package of former Ei Group freehold pubs has been valued at up to £100m, with the sites located across England and Wales
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NewsCosta franchisee acquires 17 sites
Altrincham-based Sim Trava, which now has 57 Costa sites, made the additions to its portfolio with the support of a £7m funding package from HSBC
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NewsMegan’s to handout £5m staff bonus
Megan’s has set aside the bonus to reward staff members for their hard work and contribution to its Retailers’ Retailer Award win earlier this year.
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NewsCapco and Shaftesbury agree to merge
The combined portfolio, located in some of the most “iconic” areas of London’s West End, will be valued at around £5bn, with just over a third of this in hospitlaity and leisure
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NewsCGA acquired by NielsenIQ
The acquisition builds on NielsenIQ’s 2009 investment in CGA and aims to deliver “the most innovative and granular” alcoholic beverage measurement and insights solution
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NewsFresho raises £8m in Series A funding
The platform provides solutions for chefs to choose exact quantities for their needs in an online shopping experience specifically tailored to the B2B food industry
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NewsFoodsteps raises $4.1m to grow platform
The seed round will fund the expansion of the food tech startup, which allows businesses to measure and improve on sustainability
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Analysis & InsightNumber of PE deals double in leisure space
UK-only businesses have been trading at a discount to their international peers, so have become particularly attractive to PE funds, global law firm Mayer Brown reports
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NewsWingstop: ‘UK market is blueprint for success’
President and CEO Michael Skipworth has said its success in the UK was a “clear demonstration of the power of our international growth strategy”, with 15 UK openings slated for 2022
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NewsCreams CEO to step down as Pistachio Holdings increases share
The reshuffle in ownership structure will see Adam Mani take up the role of chief innovation officer, while Balal Aqil will become an advisor
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NewsDeliveroo: ‘Consumer behaviour may moderate during the year’
The delivery platform achieved “solid growth” in Q1 2022 against the previous year, when lockdown restrictions were in place
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NewsMcDonald’s takes ownership of largest UK franchisee
Founded by Athul Pathak, Appt Corporation operated 43 sites, with McDonald’s Restaurants Limited acquiring 100% of his shares
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Analysis & InsightRevolution in strong position to ramp up expansion
Strong like-for-like sales in restriction free trading periods coupled with less competition in the late night sector puts Revolution in a favourable position, analyst Peel Hunt believes
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NewsStarbucks drive-thrus boost sales
Franchise business 23.5 Degrees posted profits of £10.3m last year after investing in new sales channels
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NewsRecovery on track for Shaftesbury
Following a short-term period of disruption over Christmas, visitors and workers are returning to the West End, said the real estate investment trust
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Analysis & InsightMarston’s location bias could leave them exposed
Marston’s bias towards sites in the West Midlands and the North of England could leave them “particularly exposed” to a macroeconomic downturn, according to analyst JP Morgan Cazenove.
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NewsWells & Co to offer further rent concessions
The decision by the family-owned pub business to offer a 10% rent concession to all its leased and tenanted pubs across came off the back of a tough December