Finance – Page 45
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NewsFulham Share reports ‘creditable performance’
Franco Manca operator continues momentum despite disruption to consumer confidence, costs and public transport
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NewsFranco Manca scales back openings for 2023
In its half year report, Fulham Shore said it would be imprudent to maintain 2022’s opening tally of 18 new restaurants
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NewsAMT sold for £1.75m
A total of 25 of AMT’s 43 sites were included as part of the deal, with a further six subsequently sold to Gourmet Coffee Bar & Kitchen for £62.5k
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InterviewsInvestor view: ‘The ability to stretch your brand is a sign of strength’
The successful adoption of an omnichannel approach demonstrates the strength of your brand, but it’s not for everyone, delegates heard at the Omnichannel Foodservice Conference.
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NewsShake Shack UK seeks to develop omnichannel strategy
Franchise operator Diverse Dining is also in negotiations with landlords for new sites, according to accounts filed at Companies House
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NewsHawksmoor sees strong sales momentum return
The restaurant group recorded an increase in turnover of 74% to £35.7m for the year to 31 December 2021 but a loss of £2.3m, despite strong trading
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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
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NewsMarston’s reports return to normalised trading
The pub operator has announced full year like-for-like sales at 99% of 2019 levels for FY2022, along with a return to normalised trading despite Omicron
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NewsStange & Co reports recovering sales
The 10-strong pub operator announced sales were on their way to recovering to pre-pandemic levels, with a turnover of £10.7m
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NewsAzzurri recovers strongly in 2022
The ASK Italian and Zizzi operator posted revenues of £235.9m, an increase of £119m on last year, while EBITDA increased to £25m
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NewsLoungers 'significantly outperforms market'
The all-day operator reported increased revenue and like-for-like sales growth, but EBITDA and profits were hit by cost pressures
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NewsWhite Rabbit secures backing from McWin
The specialist hospitality incubator behind Island Poke and Kricket has raised an undisclosed, multimillion pound investment from the backer of Gail’s Bakery
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NewsEG Group foodservice profits on the rise
Gross profit in its foodservice operations increased by 21% to $207m year on year for Q3 FY22, driven by acquisitions and new openings
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NewsCooks Coffee Co reports strong rise in revenue
The cafe chain has announced its H1 FY23 results, with sales in its Esquires outlets up 20% and sales in Triple Two outlets 60% ahead of H1 FY22
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NewsMarston’s reports encouraging trading
Since October, the pub operator announced like-for-like sales in managed and franchised pubs were up by 6.85% vs 2021 and 5% vs FY2019
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NewsCôte reports progress on growth plans
Côte Restaurant Group reported a turnover of £72.7m for the year ended September 2021, plans to open two new venues as well as an in-house butchery and development kitchen