Finance – Page 41
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NewsPicture is bleak for Cineworld investors
The debt-laden business expects any deal reached with its creditors to wipe out its shareholders, The Times reports
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NewsUK inflation could return to 2% from autumn
Economists have revised down their predictions for UK inflation, with Citigroup forecasting that consumer price growth could fall below the Bank of England’s spring target by this autumn
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NewsWells & Co targeting £15m EBITDA by 2028
The independent brewer and pub operator reported an 81% increase in revenue from continuing operations, to £55.2m, for the year ended 2 October 2022.
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NewsMexican chain Zambrero receives £143m in funding
The minority stake taken by Metric Capital Partners will help fuel the restaurant group’s ambitions to open a further 25 sites in Britain and Ireland this year.
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NewsHeavitree returns to profit despite cost headwinds
The Devon-based pub company and brewer said it had achieved a “satisfactory performance” in the face of cost pressures which have included multiple wholesale beer price increases.
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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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NewsHedge fund calls on TRG to restore market confidence
The Restaurant Group said it welcomed constructive feedback from all shareholders but disputes claims about performance and the level of Oasis Management Company’s shareholding in the 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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NewsRail strikes hit SSP UK trading
Revenues were 83% of 2019 in the four months to 31 January 2023, reflecting the impact of industrial action
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NewsSubway explores $10bn sale
The sandwich giant, which has over 37,000 restaurants in more than 100 countries, said same-store sales climbed 9.2% last year
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NewsCoffee brand Bear secures investment
The Midlands-based Bear has closed an equity investment round, securing funding from Clark Group Investments to expand its store presence
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NewsBoxpark pushes revenue past pre-pandemic levels
Group revenue rose by 24% vs the year ending April 2020, reflecting post-pandemic growth and changes across the business
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NewsDirectors’ Deals: Wetherspoons founder Tim Martin tops up
Chairman Tim Martin buys 2.6m shares after 40% fall in the value of the pub company’s shares over the past 12 months, the FT reports
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NewsNero Group accelerates growth plans for Harris + Hoole and Coffee#1
Harris+Hoole has announced plans to restart its rollout programme while Coffee#1 saw sales exceeding £1.1m in January
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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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NewsSoho Coffee Co sees sales recover
While revenue remains behind pre-pandemic levels, the coffee chain’s parent company BTC Hospitality has stated it remains committed to supporting future growth
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NewsActive Partners gives Honest Burgers fuel for growth
The investor supported the burger brand’s plans for two new sites with additional funding of £1.3m last year
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NewsStarbucks UK achieves double-digit growth
The UK contributed to Starbucks’ strong international sales performance, with double-digit comparable sales growth in the 13 weeks to 1 January 2023.
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NewsLittle Door & Co announces record-breaking Christmas
The late night bar and restaurant group has reported revenue of over £1.3m across its four-strong estate in London
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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