Finance – Page 56
-
NewsStar Pubs to invest £42m in pub upgrades
The Heineken-owned pub company is to update more than a quarter of its estate in 2022, with 660 pubs to benefit from its annual capex investment programme
-
NewsRising costs trigger record number of profit warnings
Hospitality is among the sectors to have suffered the biggest setbacks
-
NewsLeonardo DiCaprio becomes investor in Neat Burger
The Hollywood actor joins the vegan burger chain, backed by Formula 1 champion Lewis Hamilton as an investor and ambassador, as it launches a $30m Series B fundraise
-
NewsUK driving McDonald’s international growth
McDonald’s president and CEO Chris Kempczinski said the chain’s strong first quarter performance was underpinned by global comparable sales, up nearly 12%
-
NewsNightcap continues growth trajectory
The Adventure Bar Group and Barrio operator reported strong trading in the third quarter of its 2022 financial year, alongside the signing of four new leases
-
NewsF&B sales at Whitbread ‘slow to recover’
The Beefeater and Brewers Fayre operator hopes the rollout of new menus and targeted marketing initiatives will drive an improvement in sales
-
NewsEaster sales slowdown for Pret
Sales in Pret’s West End sites were down 12% to 86% of pre-pandemic levels in the week to 21 April, with airport sales hit by fight cancellations, according to Bloomberg’s latest Pret Index
-
NewsCity Pub targeting 65-70 pubs by end of 2023
Reporting its full year results for 2021, the group said its balance sheet was stronger than it had ever been and that it was well placed to take advantage of opportunities in the property market
-
NewsAdventure Bar Group hits targets ‘well ahead of time’
The strong performance means owner Nightcap will issue an additional 7.1m in earn out shares to the founding management team of the business
-
NewsLoungers delivers records sales
The 164-strong cafe-bar operator continues to “significantly outperform” the market, with like-for-like sales up 17.7% in the 40 weeks to 20 February
-
NewsCosta recovery boosts Coca-Cola
Net revenue within the group’s global ventures division, which includes Costa, rose by 28% to $729m
-
NewsCat Rock urges votes against Just Eat board
Alex Captain, founder and managing partner at the activist investor, said JET shareholders had been “punished” by a -75% stock price decline in less than two years
-
NewsBurger King UK sees lfls up 46%
The fast food chain said strong sales and profit had been driven by continued restaurant expansion and franchise acquisitions, alongside the digital transformation of the business, with a further 200 restaurant openings targeted by 2026
-
NewsTRG’s CEO Andy Hornby’s £1m gravy train
Hornby has been blasted for taking a bonus after the owner of Wagamama and Frankie & Benny received £43m in furlough cash, This Is Money reports
-
NewsJust Eat maintains strong order levels
Just Eat UK & Ireland achieved order numbers of 67.6m in Q1 2022, compared to 67.3m in Q1 2021, with GTV up 7% over the period
-
NewsCamerons welcomes return to profit
The North East brewer and pub operator achieved a profit after tax of £0.4m in the eight months to 2 January 2022, following a loss of £7.4m the previous financial year
-
NewsHall & Woodhouse returns to profit
The independent family brewer and pub operator said that the last financial year had been challenging, but the crisis had given rise to opportunities for acquisition
-
NewsD&D London to undergo auction
The sales process, which is being led by Interpath Advistory, could value the restaurant and bar group at £100m, Sky News reports
-
NewsDeliveroo shares fall just short of new low
Shares in the delivery business fell 1.1% yesterday, to close at 108¼p, less than a third of the 390p at which they were listed last March, despite growth in GTV and order volumes in Q1
-
NewsSwingers forecasts £22m UK revenue this year
The business will launch its second venue in Washington DC in February 2023, as part of plans to open three locations next year as it looks to expand in the UK and US