All articles by Georgi Gyton – Page 65
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News
TRG likely to drop out of FTSE 250
The Restaurant Group is still struggling to regain its pre-pandemic form, according to analyst Hargreaves Lansdown
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News
Nando’s see losses more than double
Nando’s has reported a 39% drop in sales due to trading restrictions with pre-tax losses more than doubling to £240m and trading still mixed.
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News
Wendy’s to accelerate UK expansion
The fast-food chain has increased its target openings in the UK to 50 in 2022 - up from the 10 originally proposed.
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News
M&B returns to profit
Mitchells & Butlers has seen a return to profit and cash generation following the lifting of restrictions in July, despite a like-for-like sales decline of 9.6% in the full year to 25 September 2021.
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News
New head of people at Brewhouse
Brewhouse & Kitchen has appointed Jody Bennett as its new head of people and learning. She joins from Liberation Group.
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News
Cost and supply warnings for wines and spirits
Consumers will have enough to drink for Christmas, but “that’s pretty much where the good news ends”, according to Prestige Purchasing chairman David Read
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News
Government outlines proposed changes to Pubs Code
The British Beer & Pub Association has welcomed the amendments – particularly the decision to streamline the Market Rent Only process.
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News
Scotland decides against expanding Covid passport scheme
First Minister Nicola Sturgeon said the current certification requirements for nightclubs would not be extended to other hospitality venues
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News
Heineken to roll out 0.0 draught
Heineken is to roll out its alcohol-free beer 0.0 on draught in pubs next year, as the uptake of low and no drinks gains traction.
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Analysis & Insight
Clear strategy expected from new Marston’s CEO
Marston’s full year results should address three core elements in order to improve shareholder value, believes analyst Peel Hunt.
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Analysis & Insight
Brandwatch: Frankie & Benny’s
The story of Italian American restaurant brand has gone through quite a few twists and turns in recent years, but owner The Restaurant Group has been working to pull it firmly into the 21st century.
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Interviews
San Carlo rues missed opportunities
Following the launch of Isola near Bond Street, MD Marcello Distefano tells MCA San Carlo has turned down good opportunities over fears of over-stretching staff
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News
Former GBK HR director joins Caprice
Steve Gill has been appointed interim HR director at the Richard Caring-backed restaurant group
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Interviews
Fuller’s: ‘We are ready to grow the business again’
Fuller’s return to profitability sees it ready to grow again with a new site in the City of London lined up for early 2022 and several more in negotiations, CEO Simon Emeny has told MCA.
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News
Fuller’s: ‘We are rebuilding well’
Fuller’s reports a strong set of financials for the first half of FY22, with a return to profit and the resumption of its dividend.
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News
In pictures: Pret’s new US brand identity
Pret A Manger has revealed a new US brand identity which can be seen in the redesign its shop on 29th Street and 7th Avenue in New York City.
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News
Revolution's new brands are 'definitely scalable’
Revolution believes its two new concepts have legs to grow as the bar group hits “the sweet spot” in terms of its offering, CEO Rob Pitcher told MCA.
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News
Uptick in companies paying ‘real’ living wage
More than half of the companies in the FTSE 100 have now committed to pay the rate – which has just increased to £11.05 per hour in London and £9.90 in the rest of the UK.
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News
Advisors appointed for Burger King UK float
Burger King UK’s backer Bridgepoint has appointed Bank of America and Investec to advise on the floatation of the fast-food giant, during the first half of 2022
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Analysis & Insight
Rents and vacancy rates continue to fall in key London locations
The decline in central London prime zone A rents has seen a further fall, down 17.4% year-on-year, according to Savills.