Finance – Page 52
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NewsStonegate managed lfls up 2.3%
The group recorded total revenue for 28 weeks to 10 April 2022 of £827m, compared to £128m the prior year, with sales recovering well since reopening last year
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NewsOakman hires advisers to explore refinancing
The group is understood to have hired Forster Chase to explore refinancing options, as it looks to refurbish a number of new acquisitions
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NewsMitchells & Butlers’ sales driven by food
The pub business saw a decline in like-for-like drink sales since 2019, partially offset by a rise in food sales
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NewsFulham Shore comes out strong post-pandemic
The Franco Manca and Real Greek operator reported a 20.6% increase in turnover compared to pre-pandemic, with a pipeline of over 120 restaurants
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NewsFuller’s reports recovery in capital
In a statement preceding its AGM today, the pub operator reported continued recovery in central London venues and an overall like-for-like sales increase of 3% compared to 2019
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NewsJoseph Holt reports slow recovery
The independent pub and brewery operator reported sales are recovering since the pandemic but have yet to catch up to 2019 levels
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NewsDeliveroo feels impact of consumer cost pressures
The delivery company has updated its guidance, and downgraded its forecasts for full-year gross transaction value growth
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NewsTortilla like-for-like sales up 19%
Group revenue increased by 60%, to £26.9m, in the half year to 3 July 2022, compared to 2019 – a 55% increase excluding the impact of its acquisition of Chilango in May this year
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NewsEx-McDonald’s boss makes clean start
Steve Easterbrook is said to have backed Clean Kitchen Club, which has drawn up plans to open dozens of outlets in several cities, The Times has reported.
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NewsFever-Tree boss bolsters shares
Tim Warrillow, the chief executive of Fever-Tree, has spent more than £1 million on shares after a stinging profit warning, The Sunday Times has reported
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NewsStarbucks explores sale of UK division
Coffee giant seeks potential buyers as challenges mount, The Sunday Times has reported
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NewsSSP buoyed by travel sector recovery
The food and beverage concessions operator reported steady recovery, with revenue running at 87% of 2019 levels overall and UK revenue at 82%
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NewsWetherspoon: ‘recovery more laborious than anticipated’
Despite an improvement in sales since the last quarter, the company announced it is yet to return to pre-pandemic trading levels
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NewsLoungers reports record full year sales
The group achieved revenues of £237m for the 52 weeks to 17 April 2022 and has increased its openings target from 25 to 30 sites per year
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NewsTurtle Bay reports record sales
The Piper-backed Caribbean restaurant group reported sales of £85.4m for the year ended 27 March 2022, with trading in the first 13 weeks of the year still strong.
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NewsGDK owner plots New York IPO
Glasgow-based Hero Brands, which owns German, Doner Kebab, Island Poké and Choppaluna, plans to open 223 sites by the end of this year, bringing its total to 400
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NewsTRG acquires Barburrito for £7m
The Restaurant Group sees potential to double the Mexican fast-casual brand’s 16-strong estate in the next four years, particularly in the South of England
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NewsHostmore lfls in line with expectations
In an update on trading for the 26 weeks ended 3 July 2022, the group, which operates Fridays and 63rd+1st said guidance for the full year remained unchanged
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NewsOakman considering selling minority stake to private equity
Executive chairman Peter Borg-Neal told MCA’s Pub Conference with the current economic uncertainty in the world, operators needed to be “well capitalised or sell their business”
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NewsAbsurd Bird enters administration
Five physical restaurants have closed, but the brand will still be available for delivery at its virtual restaurants