Finance – Page 51
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NewsD&D revenues yet to return to pre-Covid levels
The restaurant group said revenues in the UK were at 91% of pre-Covid levels but that the business was well placed to “significantly scale up” in the UK and overseas
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NewsJust Eat reports 7% growth in revenue
The delivery service announced enhanced profitability and revenue growth in H1 2022, despite a post-pandemic decline in gross transaction value
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NewsRed Oak secures £110m debt facility
The facility refinances Red Oak’s existing debt and provides fresh capital to drive future growth plans
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NewsHarts Group reports “satisfactory” year
The London-based restaurant group has reported profit before tax of £331k for the year to 31 July 2021, on the back of a losses in 2020.
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NewsVAT and inflation drag on Domino’s
Underlying profit before tax was £50.9m during the first half, down £9.9m, with the full impact of cost inflation not expected to be seen until the second half
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NewsRevolution Bars Group ‘in great shape’
The business reported full year like-for-like sales growth of 1.3% across its 56 English bars, in line with expectations
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NewsThe Vurger Co secures high profile investor
The vegan burger restaurant operator has secured investment from ForGood – a consultancy launched by AS Roma centre-back Chris Smalling.
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NewsGreggs to open 150 stores in 2022
Despite strong sales growth, the bakery’s profits for the half year were flat, due to the re-introduction of business rates, increase in VAT and higher levels of cost inflation
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NewsHub Box reduced losses in 2021
The South West-based burger chain said company EBITDA of £1.5m represented its “best ever financial year” and is exploring different funding streams for future growth
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NewsShepherd Neame acquires three Essex pubs
Bellhouse in Leigh-on-Sea, The Exchange in Southend-on-Sea and The Hamlet Court in Westcliff-on-Sea were part of the East Anglia Pub Company portfolio
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News‘Strong’ start for new Chipotle UK restaurants
The Mexican fast-casual chain has opened five sites in the UK in the last 18 months, including Watford, Clapham, Canary Wharf and Chiswick
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NewsDiageo sales driven by premiumisation trends
The beverage producer reported strong sales and profit growth in its preliminary results, driven by premium brands and spirit sales
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NewsState of Play secures $10m investment from Red Engine
As part of the deal, Steve Moore, co-founder and CEO of Red Engine, will join the board at State of Play, as it looks to push forward its expansion in the US and UK
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InterviewsTriSpan: ‘Thunderbird is in a good place’
Robin Rowland admits it was “a steep learning curve” with the fried chicken brand, but a wider rollout is not far off, he tells MCA
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NewsMarston’s lfl sales down 2% on 2019
In its third quarter update, the pub operator reported growing drink sales but weakening food sales in the last four weeks to 23 July, due to the recent heatwave.
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NewsVAT hike hits McDonald’s UK sales
Despite the return of the 20% VAT rate, the fast food giant “continued to build QSR market share” in the UK, Kevin Ozam, CFO, McDonald’s Corporation said following its Q2 results update
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NewsRobinsons returns to profit
The Stockport-based brewer and pub operator experienced strong sales last year, recording a profit before tax of £15.4m, and said it continues to be acquisitive
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Analysis & InsightEBITDA margins increase for operators
Average margins across bars and restaurant have increased to 15% over the past 12 months, according to a new report by Shaw & Co
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NewsBrighton Pier Group sales exceed £40m
The group’s bar division reported like-for-like sales growth of 21% compared to 2019
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InterviewsRobin Rowland: ‘Pho deal was fantastic for both sides’
TriSpan’s Robin Rowland and Pho MD Patrick Marrinan spoke to MCA about their Investor of the Year win, why the magic of the brand lies in the founders, and its development journey since the deal