All articles by Georgi Gyton – Page 96
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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Analysis & InsightFrequency up across the board in eating out sector
Eating out frequency rose across all day parts in October 2019 compared to the same period last year, from 92.4% to 92.7%, according to MCA’s latest Consumer Dashboard.
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NewsRalph Findlay: ‘We are behind the market on food’
Marston’s is to adopt a “renewed focus” on the proposition in its food-led pubs after falling behind the market with its offer, chief executive Ralph Findlay told MCA.
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OpinionChestnut Group: Passion project
By tapping into the East Anglian opportunity, Chestnut Group founder Philip Turner has managed to double the size of his business in the past year. He talks to Georgi Gyton about his passion for the region and the next stage of Chestnut’s growth.
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NewsYoung adults lack trust in mobile payment apps
Less than a quarter of 18-24-year-olds use their smartphones to pay bills when eating out, with confidence and customisation issues flagged up as barrier to use, according to the latest GO Technology report from Zonal and CGA.
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Analysis & InsightSpend up at dinner despite visit challenge for pubs
Average spend at pubs during the dinner occasion has seen a strong increase, despite the challenge for operators to grow share of visits at this day-part, according to MCA’s latest Pub Brand Monitor.
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NewsWingstop secures Bluewater site; partners with XBox
Wingstop UK has secured its third UK site, and will open at Bluewater in Kent, in collaboration with Microsoft XBox, in early 2020.
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NewsShaftesbury F&B tenants reporting turnover growth, on average
Shaftesbury has said its food, beverage and retail tenants are, on average, reporting growth in turnover, however, in common with business generally, cost pressures and staff shortages continued to present operational challenges.
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NewsPapa John’s appoints business development director
Papa John’s has appointed Justin Gilbert as its new director of business development in the UK.
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NewsAnalysts’ verdict: JP Morgan and Goodbody on Wagamama
Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.
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NewsCorbin & King reports lfl growth of 2.5%
Corbin & King has reported a 2.5% increase in like-for-like sales for the period to 31 December 2018, with EBITDA up from £1.3m to £7.5m.
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OpinionAnalysts verdict: Berenberg on Domino’s
Despite improvement in its share price since its Q3 update last month, major challenges still remain for Domino’s Pizza, according to analysts Berenberg.
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NewsHickory’s prepared to ‘look outside the box’ in site search
Hickory’s Smokehouse is prepared to stretch its traditional site and location preferences in order to achieve the growth rate it is aiming for, managing director John Welsh has told MCA.
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OpinionJP Morgan, Goodbody and Morgan Stanley on Mitchells & Butlers
Leading analysts share their views on Mitchells & Butlers (M&B) full year financial results, and how they stack up against forecasts.
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NewsGlickman to step down as NED at Marston’s
Marston’s has announced that Catherine Glickman is to step down as a non-executive director.
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NewsPhil Urban: ‘Greene King deal vindication of why shareholders invested in us’
Mitchells & Butlers (M&B) will inevitably be touted as a potential target for M&A, but chief executive Phil Urban doesn’t see a takeover happening, he has told MCA.
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NewsRed Dog founder to expand Indian street food concept
Red Dog Saloon founder Tom Brooke is to open a second site under his modern Indian street food concept Burra Khana, in Liverpool, and also has plans to tweak the offer at Red Dog Soho, MCA can reveal.
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NewsWokit appoints liquidators
Healthy Asian fast food concept Wokit has appointed liquidators to the business, with resolutions passed for the winding up of the three-strong restaurant operator.
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NewsYori to expand with third London site
Korean barbecue restaurant Yori has secured a site in the capital for its third location.
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NewsDeliveroo adds event services to corporate arm
Deliveroo has extended its Deliveroo for Business (DFB) offering to include a new package of catering services.