Finance – Page 47
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NewsWimpy UK achieves 14% sales uplift
While sales rose during the six months to 31 August 2022, the Famous Brands owned business said the cost of living crisis had “eroded consumer confidence” in the UK.
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NewsWhitbread announces profits beyond pre-pandemic levels
The Premier Inn operator has reported a rise in profits in the first half of the 2023 financial year, with revenue up by 25% on H1 FY2020
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NewsVarious Eateries reports sales ahead of market expectations
The Coppa Club and Tavolino operator has reported sales at £40m for the year ending 2 October, along with plans to further grow its estate
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NewsDeliveroo growth continues to slow amid headwinds
Growth in gross transaction value in the UK & Ireland outperformed international growth in Q3 2022, but declined quarter-on-quarter
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NewsBoston Tea Party reports loss in 2021
The 25-strong cafe operator reported a drop in sales in the year to October 2021, but stated it is well placed to navigate headwinds in the current financial year
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NewsAnglian Country Inns reports lfl revenue up on 2019
The pub and inn operator reported a 20% rise in like-for-like (lfl) revenue on 2019, with revenue of £14.3m for the 52 weeks ending 3 April
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NewsCaffè Nero reports strong Q1 sales
Sales in the four months to the end September 2022 were at 107% of pre-pandemic levels, with the coffee chain planning for seven new UK openings in Q2
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NewsRevolution Bars Group is back in the black
The group turned around a £26.3m loss in 2021 to report a profit before tax of £2.1m in the 52 weeks to 2 July 2022, but recent sales have been hit by falling consumer confidence
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NewsJust Eat Takeaway reports return to profit
The delivery company has announced profitability earlier than expected, with positive adjusted EBITDA in its trading update for Q3 2022
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NewsLoungers delivers 17% growth in like-for-likes
The all-day operator continued to significantly outperform the market against the backdrop of macroeconomic challenges, which it said was testament to the relevance and resilience of its brands.
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NewsNew World puts smaller sites on the market
The Botanist operator said by March 2023, its estate will have grown by one-third since the start of the pandemic, as it reported revenues of £59.9m in 2022 - up 16% on 2019
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NewsWolseley Hospitality Group reports strong trading in 2021
Despite Covid-related closures, the group reported strong sales in the year to December 2021 and plans to open two restaurants next year
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NewsPuttshack raises $150m in growth capital
Led by BlackRock and Promethean Investments, the investment round will support the mini-golf concept’s rollout in the United States
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NewsMarston’s 2022 sales hit by Omicron
The pub company saw an improvement in the last 10 weeks of the financial year, with like-for-like sales 3% up on 2019
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NewsScoffs continues trading momentum
The Costa Coffee franchise saw turnover grow 50% in 2021 to £35.8m, as it targets 20 new openings a year
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NewsGreene King acquires Hickory’s
The pub company plans to leverage its scale and accelerate the national roll out of the smokehouse restaurant brand with “significant growth” over time
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NewsItsu achieves restaurant EBITDA increase of +160%
The Asian food brand said it expected shop sales in H2 2022 to match 2019 sales on a like-for-like basis, which it described as “a significant achievement”
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NewsCooks Coffee announces £1.5m capital raise
The Esquires and Triple Two Coffee franchise operator has announced a planned £1.5m fund raising in conjunction with its proposed admission on the Aquis Stock Exchange
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NewsTim Martin: ‘Momentous challenge’ to lure customers back to pubs
The Wetherspoon chairman described a “painstakingly slow” recovery after lockdown, as the pub company posted a loss of £30.4m
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NewsPizzaExpress builds new pipeline of UK sites
The restaurant group significantly reduced its losses to £48.9m in the year to 2 January 2022, with its UK & Ireland business contributing EBITDA of £80.7m