Finance – Page 44
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NewsPunch Pubs looks to capitalise on post-pandemic bounceback
The pub operator has rebounded strongly and is looking to maximise profitability and pursue strategic acquisitions
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NewsGlendola Leisure: ‘We are in good shape’
The 17-strong operator has worked to rationalise its business and is now ready to take advantage of growth opportunities, MD Alex Salussolia tells MCA
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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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NewsProfits up at Laine Pub Co
The Fortress-backed operator delivered a solid performance in 2022, despite challenges with Omicron in Decemeber 2021
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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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NewsBrewhouse sees festive like-for-like sales up 15%
The brewpub group attributed to the growth, not just to it being the first Covid restriction free Christmas since 2019, but also the strength of its festive offer and hard work of its teams.
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NewsGiggling Squid has ‘most profitable year since inception’
The group reported turnover for the 52 weeks to April 2022 of £65.9m, up 94.4% on 2021, with seven new restaurants having opened during the period
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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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News
Pure eyes ‘exciting growth opportunities’ in 2023
The healthy food to go brand doubled sales in 2022 to reach £20m, after refining its operations, menu and marketing
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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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NewsWasabi still keen to expand UK restaurant portfolio
The Capdesia-backed business views expansion into more suburban locations as an attractive area for future growth
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NewsLucky Saint raises £10m
Funding for the alcohol-free beer brand was led by venture capital firm Beringea and JamJar Investments, set up by the founders of Innocent Drinks
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NewsTRG announces £340m debt package
The Restaurant Group has agreed a £220m Term Loan Facility and a £120m Revolving Credit Facility with its existing lenders
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NewsGrind sees partial bounce back
The coffee shop operator’s larger venues have returned to pre-pandemic levels, but smaller city sites are still struggling with decreased footfall
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NewsDrake & Morgan reports ‘resilient’ performance
The 18-strong Bowmark Capital-backed group said its performance had continued to improve in the current financial year with strong trading so far this Christmas
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NewsWingstop's master franchisee records +182% revenue uplift
Lemon Pepper Holdings said it was anticipating “aggressive development” through 2023, with several new locations already secured for the new year.
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NewsLiberation Group and Cirrus Inns announce merger
Liberation CEO Jonathan Lawson will lead the combined group, with Cirrus founder and CEO Alex Langlands Pearse joining the board as a non-executive director
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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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InterviewsInvestor view: ‘Moving into retail is not for the faint hearted’
For operators looking to expand into the retail channel it’s important to very clear about your proposition, “and don’t let people muck you around”, Robin Rowland, partner, TriSpan has warned.