Finance – Page 68
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NewsJust Eat investments drive growth
Just Eat in the UK reached 200m orders in the first nine months of 2021, up 51% in the third quarter of 2021 compared with the same period last year.
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NewsMarston’s returns to growth
Sales were up 2% compared to 2019 across its managed and franchised pubs, in the period from 25 July to 2 October.
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NewsMission Mars reports strong recovery
Rudy’s Pizzeria has delivered revenue of £8.1m to date in 2021, with like-for-like sales growth of 39% against the same period in 2019.
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NewsTurtle Bay sees sales up more than 75% since May
The Piper-backed Caribbean restaurant chain has several new openings on the cards as it looks to grow its estate on the back of strong sales growth.
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NewsCaring group secures new banking facility
Richard Caring’s restaurant group Troia Limited has secured a new £168m revolving credit facility, covering Caprice Holdings, The Birley Group and Troia UK Restaurants
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NewsBurger King UK cooks up £600m float
The UK arm of the fast food giant is said to be close to appointing advisers ahead of plans to float on the London Stock Exchange.
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NewsETM suffers ‘unprecedented challenges’ pushing up losses
ETM Group has reported turnover of £6.8m for the full year to 28 February 2021, down from £31.6m in the previous financial year.
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NewsBrighton Pier Group settles £5m business interruption claim
Full year earnings at Brighton Pier Group are expected to be £2m higher than market expectations on the back of the settlement
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NewsTortilla begins trading on AIM
Tortilla’s admission to AIM this morning comes alongside the completion of a fundraising which has raised gross proceeds of £5m for the company and £23m for selling shareholders.
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NewsGreggs sees huge growth opportunity from delivery
Greggs estimates it could achieve an additional £170m from delivery, as it targets £2.4bn turnover in the next five years.
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NewsRevolution reports same site sales growth of 17%
The Q1 trading performance was “well ahead” of the expectations, with controlled costs resulting in “good profit generation” from these sales.
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NewsPapa John’s expects to exit pandemic ‘stronger’
Papa John’s (GB) Limited achieved a 29.7% increase in turnover to £94.9m for the year to 27 December, as the pandemic had “minimal impact” on its business.
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NewsGreggs: Trading ahead of expectations, plans to double revenue in five years
Greggs Q3 results benefited from staycations as it aims to double turnover by 2026 and target a network of 3,000 sites.
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NewsCaffe Nero hires advisers and seeks to refinance £150m debt
Caffe Nero’s Gerry Ford is reported to have engaged Lazard to look at funding options for £150m of debt.
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NewsBrewDog ‘optimistic for a better 2021’
The bars division of the craft beer company posted a pre-tax loss of £10.4m from turnover of £25.2m in 2020
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NewsFive Guys to press on with UK rollout
The European holding company reported a total comprehensive loss of £58.4m for 2020
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NewsSunak plots extension to Covid loans scheme
The Recovery Loan Scheme offers businesses an 80pc guarantee on debt of between £25,000 and £10m.
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NewsD&D London to change hands in £100m takeover
Famous London restaurants including Quaglino’s and Coq d’Argent are close to being acquired by Montecito Equity Partners, a London-based private equity firm.
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NewsJW Lees returns to profit after restrictions relaxed
The family brewer and pub operator posted a £4.8m loss for the year, but it has become profitable again since restrictions were eased in the spring
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NewsOakman: ‘VAT rise is a risk taken too soon’
Hitting hospitality operators with an increase in VAT when they are still in the recovery period is “a risk that has probably been taken too soon”, according to Dermot King, chief executive, Oakman Group.