Finance – Page 54
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NewsThwaites records positive performance
The tenanted pub company returned to profit in the year to 31 March 2022 and has emerged from the pandemic in a “strong financial position”, chairman Richard Bailey said.
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NewsWhitbread on its way to post-pandemic recovery
The Premier Inn operator announced a strong bounce back in food and beverage sales, alongside rising occupancy levels
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NewsRevolution confident of beating market expectations
Revolution Bars Group has said that following strong trading over the Jubilee Bank Holiday its board is confident of delivering adjusted EBITDA of +£10m
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NewsPeckwater Brands raises £15m
The virtual restaurant brand operator received backing from Stonegate, SoftBank, Fuel Ventures, Pembroke VCT
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InterviewsFuller’s: ‘London is getting back to its vibrant best’
CEO Simon Emeny talks to MCA about the improving trajectory of pubs in the capital – and how the company’s new branding strategy is targeting a younger customer base
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NewsFuller’s starts new financial year ‘on a high’
Reporting a return to profit growth in 2022, CEO Simon Emeny said the pub company was looking to the future with “confidence and excitement”
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NewsCGA acquired by NielsenIQ
The acquisition builds on NielsenIQ’s 2009 investment in CGA and aims to deliver “the most innovative and granular” alcoholic beverage measurement and insights solution
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NewsCity Pub Group sees ‘strong sales momentum’
Like-for-like sales have continued to strengthen faster than predicted, with May 2022 5% ahead of May 2019
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NewsFresho raises £8m in Series A funding
The platform provides solutions for chefs to choose exact quantities for their needs in an online shopping experience specifically tailored to the B2B food industry
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NewsFulham Shore reports strong trading at new sites
The Franco Manca and The Real Greek operator has introduced menu inflation and negotiated rent reviews to mitigate industry-wide cost pressures, along with 10 new restaurant openings in the financial year
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NewsLiberation Group achieves £9.5m profits
The pub company and brewer generated almost the same level of EBITDA as the financial period before the pandemic and invested £9.6m in capital expenditure
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NewsFuller’s refinances debt facilities
The £200m refinancing, which matures in 2026/27, was described as a sigificant improvement to the cost of the previous debt faclilities
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NewsBrewDog bars see revenue up 31% in 2021
The Scottish brewer and bar operator said it has been achieving “record sales” in its bars so far this year, with 30 new venues due to open in 2022
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NewsComptoir Group is back in profit
Chief executive Chaker Hanna said the business had emerged from the difficulties of the last couple of years in a better position than pre-pandemic, and had the confidence and ability to expand
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NewsFood delivery group’s late arrival at profitability concerns analysts
Deliveroo’s stock market slide continued after JP Morgan issued a bearish broker note, reports The Times
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NewsJust Eat Takeaway to wipe £5bn off Grubhub valuation
Takeaway giant struggles to sell US arm as markets collapse, reports The Sunday Times
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NewsWingstop secures multi-million pound debt facility
Lemon Pepper Holdings, the master franchisee of Wingstop UK, has secured the facility from Barclays to help faciliate the continued roll out of the brand
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NewsHostmore reports decline in like-for-like revenue
The Fridays and 63rd+1st operator announced three new sites and a range of measures to mitigate the impact of falling consumer confidence
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NewsFoodservice drives profits at EG Group
Gross profit within its Foodservice operations increased by 54% year-on-year, driven by the acquisitions of Leon and Cooplands last year and new openings
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NewsHollywood Bowl sees food revenue up 8.4%
The bowling operator reported a rise in food revenues due to a simplified menu and price reductions