All articles by Georgi Gyton – Page 69
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NewsLuminar founder makes late-night return
Stephen Thomas, founder of Britain’s largest nightclub group Luminar, is making his return to the late-night sector with a new bar and nightclub business.
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Analysis & InsightWhy the PM’s ‘high skill, high wage’ plan fails to deliver
While developing homegrown talent should be encouraged, wages are just one factor in solving the labour shortage
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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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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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NewsFounder of Grubhub steps down from Just Eat
Matt Maloney joined Just Eat’s management board following its completion of the acquisition of Grubhub in June, and steps down to pursue other opportunities.
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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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Analysis & InsightThe future of breakfast on the go
With the number of workers returning to offices unlikely to return to pre-pandemic levels we explore what impact this will have on the food to go breakfast market as well as the opportunities it could create
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NewsHarts Group plans three-in-one opening
Harts Group is to open new Barrafina, Parrillan and Bar Daskal venues at Borough Yards early next year.
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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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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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NewsPM to reveal National Living Wage increase
Prime Minister Boris Johnson is expected to reveal a significant rise in the minimum wage within weeks, with an uplift in the pay of the lowest earners to about £9.42 an hour.
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NewsWales to introduce compulsory Covid passes for nightclubs
The Welsh parliament has voted in favour of introducing mandatory vaccination passports – by 28 votes to 27 – for entry to nightclubs.
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NewsGreggs: ‘Our multichannel approach is opening up greater site opportunities’
The development of Greggs into a truly multichannel brand is resulting in far greater site opportunities to aid its new target of opening around 150 net new shops a year from 2022.
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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.
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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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NewsCalls for permanently lower VAT rate
A collection of hospitality and tourism trade associations have come together to call on the government to implement a permanently lower rate of VAT in order to help sustain the recovery of the sectors.
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NewsOle & Steen: ‘We have taken the concept and rationalised it’
The requirement for larger sites has been replaced by a preference for smaller formats as the market shifts and eat-in sales decline, according to Lee Nixon, managing director, Ole & Steen.
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NewsGovernment’s Hospitality Council seeks to boost sector’s resilience
Nando’s, Greene King and The Restaurant Group are among operators joining a newly launched Hospitality Council, created by the Department for Business, Energy and Industrial Strategy.
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NewsSSP sees improvement in revenues in Q4
SSP Group expects to achieve revenues of around 47% of 2019 levels in the fourth quarter, ending 30 September 2021, as passenger numbers continue to rise.