Finance – Page 46
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NewsJKS confident in navigating recession
The operator has said it has “a plan to navigate” the current trading climate, with financing arrangements made following the pandemic
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NewsDarwin & Wallace reports rebound in sales
The nine-strong, Imbiba-backed group reported a recovery in sales for FY22, and revealed it considered a listing post-pandemic
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NewsPing Pong sold in pre-pack administration
The restaurant chain has been sold to new entity AJT Dimsum Limited, with all six restaurants and staff to transferred to the new owner.
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NewsFuller’s sees revenue up 45% for the half-year
The premium pub and hotel operator said it had achieved good momentum, with like-for-like sales still seeing double-digit growth in the first seven weeks of H2 2022, and strong growth in central London, despite the challenging macroeconomic environment.
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OpinionFinnCap: ‘Current market conditions represent interesting opportunity for investors’
Calling the timing of a trading recovery is difficult, but one of the current upside opportunities for restaurant operators is that property conditions are excellent for store rollouts, writes Nigel Parson, analyst, finnCap Group for MCA
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NewsMegan’s secures £5m to accelerate expansion
The neighbourhood restaurant business has obtained the additional funding from Barclays and is looking to build on its current 18-strong portfolio.
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NewsDomino’s: ‘Our results are a combination of both price and volume’
The pizza chain’s customer base has seen significant growth due to the Just Eat partnership, says interim CEO Elias Diaz Sese
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NewsCoffee#1 sees sales double
The Caffe Nero Group-owned community coffee shop operator saw sales peak in September and October, at 117% of pre-pandemic levels, resulting in its first £1m gross sales week.
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NewsYoung’s revenues rise beyond pre-pandemic levels
Young’s has announced its interim results for the 26 weeks ended 26 September 2022, with like-for-like revenue ahead of 2019 by 6.2%
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NewsNightcap reports strong results from first full year of trading
The Cocktail Club, Adventure Bar Group, and Barrio operator announced revenues of £36m but reported slower momentum into FY2023
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NewsDomino’s reports strong momentum
Domino’s Pizza has reported its Q3 trading update, with like-for-like sales up 2.4% on last year, as well as announced its rollout on Just Eat and a new share buyback programme
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NewsWendy’s believes UK remains ‘the big opportunity in Europe’
The business has seen energy costs increase by up to 60% in the UK, with lower sales than expected, but is “playing the long-term game”.
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NewsJDW sees like-for-like growth above 2019 levels
The pub company achieved a 9.6% increase in like-for-like (lfl) sales in the first 14 weeks of the financial year, versus 2021 figures, with lfl growth of 0.4% on 2019 levels.
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NewsKFC UK sales continue to decline
Yum! Brands has reported its third quarter results, with KFC system sales in the UK falling by 7% in Q3 and by 3% in the year to date
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NewsCooks Coffee Company completes dual stock exchange listing
The NZQ-listed company, operating the Esquires and Triple Two Coffee brands, is on track to open 18 sites this financial year
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NewsNotes Coffee acquired by WSH Group
The 11-strong coffee roastery and wine bar concept will continue to operate as “an autonomous business”, WHS Group said, with plans for “ambitious future growth”.
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NewsFulham Shore reports revenues up 35% on pre-pandemic levels
The Franco Manca and The Real Greek operator reported H1 revenues up 35% on 2019 and announced its expansion into retail
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NewsThai Leisure looking to the future ‘with confidence’
The group exited its CVA in June 2022 – three months earlier than anticipated and has seen strong trading in the current financial year.
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Analysis & InsightTaxes must rise to plug £40bn black hole in budget
There’s limited scope for further spending cuts so the PM and chancellor must surely look to higher taxation to repair damage done by the mini-budget, the Observer reports
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NewsMcDonald’s UK customers still attracted by its value
Despite the impact of high inflation and energy prices, consumers are still returning to the fast-food chain for “the value we offer”, president and CEO Chris Kempczinski has said.