Finance – Page 67
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NewsRates review delay ‘a disheartening prospect’
Kate Nicholls, CEO, UKHospitality said she hoped the expected delay was an indication the Chancellor recognised the extent of the changes needed to overhaul the current business rates system.
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NewsPret to expand into Canada with new partnership
A&W will bring Pret food and coffee to customers in its restaurants in Canada during an initial two-year trial phase.
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NewsChancellor in row over Treasury’s failure to cut business rates in Budget
Rishi Sunak is at the centre of a Cabinet row over the Treasury’s failure to cut business rates, despite an explicit Conservative manifesto pledge to do so.
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NewsSupper secures £2.4m from Growthdeck
The high-end restaurant delivery platform operates a fleet of custom-made, stabilised vehicles and employs its drivers directly
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NewsJust Eat says UK losses have ‘clearly peaked’
UK MD Andrew Kenny said investments in areas like marketing and pricing had inevitably hit profitability but it was confident EBITDA was on an upward trajectory.
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NewsCovid recovery loan scheme to be extended
A six-month extension of Government’s recovery loan scheme is expected to be announced in next week’s Budget.
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NewsRed Oak secures growth capital
Red Oak Taverns has secured a £15m acquisition facility with OakNorth Bank, which will fund the pub operator’s acquisition of nine pubs from Hall & Woodhouse earlier this year
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NewsOakman sales up 36% versus 2019
The group has just opened its 36th site, The Rose Inn in Wokingham, following a £2.1m restoration and redesign project, with another 11 sites due to open before the end of 2023.
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NewsDeliveroo continues to see strong growth in GTVs
Founder and CEO Will Shu said the business had continued to make good progress executing against its strategy, resulting in a strong performance in Q3.
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NewsGiggling Squid still considering IPO
Giggling Squid is to look at its options with regards to a potential flotation early next year, co-founder and chief executive Andy Laurillard has told MCA.
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NewsProperty market is ‘once in a lifetime opportunity’ for Tortilla
Torilla CEO Richard Morris has told investors the fast-casual brand’s pipeline is as “strong as it’s ever been”, as it capitalises on property costs which are 20%-30% down.
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NewsGerry Ford: Caffe Nero on 'road to recovery'
Caffè Nero said sales have reached 87% of 2019 levels, and expected to reach sales levels of 90% in November.
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NewsD&D revenue hit as staff shortages suppress capacity
A lack of staff has meant the restaurant group has had to reduce covers, with the situation likely to worsen as Christmas approaches.
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NewsUK companies cool on IPO plans as investor jitters grow
Steak chain Hawksmoor postpones listings, while PureGym reconsiders its flotation
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NewsNeat Burger raises money from SoftBank’s Misra at $70m valuation
Tech executive leads fundraising round for Lewis Hamilton-backed vegan restaurant chain
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NewsRaymond Blanc’s restaurant group set for £50m takeout
The restaurant chain founded by celebrity chef Raymond Blanc is poised to change hands in a deal that will allow it to expand its pubs business, the Sunday Times reports.
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NewsLoungers achieves 'significant outperformance of market'
Loungers has seen like-for-like sales up 27% since reopening its restaurants on 17 May, compared with the same 20-week period in 2019.
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NewsFridays’ parent company Hostmore to list in November
Hostmore reiterates its intention to demerge from Electra Private Equity and begin trading as an independent listed company
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Analysis & InsightIncreasing labour costs leave TRG ‘highly exposed’
The Restaurant Group’s (TRG) high labour cost to sales ratio, and lack of energy cost hedging, has contributed to analyst Peel Hunt cutting its target price by 30p per share.
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NewsDomino’s recruits 8,000 more staff as it delivers 'strong quarter'
The Q3 trading update reports underlying like-for-like sales growing by 6.4%.