All Weekend Press articles – Page 2
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Weekend Press
Weekend press round-up, 16-17 November
Company results and news R&D credits can be found on the menuA Michelin star-winning chef has successfully claimed R&D tax credits from HM Revenue & Customs in an unusual move for a restaurant.Sat Bains, the celebrity chef who runs an eponymous restaurant in Nottingham, secured the tax relief because the ...
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Weekend Press
Weekend press round-up, 26-27 October
Company results and news£1bn sale on menu at Pizza ExpressThe owner of the restaurant empire behind Pizza Express is finalising plans for a £1bn sale or float.The private equity backer of Gondola Holdings, which also owns the Zizzi and Ask restaurant chains, are expected to appoint an investment bank in ...
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Weekend Press
Weekend press round-up, 19-20 October
Pubs Pubs call for time over debt One of Britain’s biggest pub operators is planning a new deal with its lenders to ease the burden of its £700m debt pile. Spirit, which owns 1,200 pubs, including the Chef & Brewer chain, is due to start repaying its borrowings next year. ...
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Weekend Press
Weekend press round-up, 12-13 October
Weekend press round-up, 12-13 OctoberSector growthRestaurant, café and bar groups among top mid-market private firms Pret A Manger, Nando’s Caffe Nero and Novus Leisure have been listed among the top 250 mid-market private companies in an index published in the Sunday Times.They are included in the Top Track 250 league ...
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Weekend Press
Weekend press round-up, 5-6 October
Company results and news Gondola places large order for PizzaExpress in ChinaThe company that owns PizzaExpress is in talks with potential partners in Beijing as it seeks to step up the pace of its international expansion.Gondola Group, which is controlled by Cinven, the private equity firm, has 11 PizzaExpress outlets ...
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Weekend Press
Weekend press round-up, 21-22 September
RestaurantsItsu plans expansion and possible stake saleThe founder of itsu has drawn up ambitious plans to expand the Asia-inspired healthy food chain outside London and could sell a minority stake in the business to fund its growth.Julian Metcalfe, who founded Pret A Manger as well as itsu, is to open ...
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Weekend Press
Weekend press round-up, 31 August-1 September
RestaurantsCote tempts new suitorRichard Caring is edging closer to a deal to sell his Cote brasserie chain for about £100m. CBPE, the private equity firm that was once part of Close Brothers investment bank, is in talks to buy the 45-strong chain.It has leapfrogged Bridgepoint, a rival firm best known ...
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Weekend Press
Bank Holiday weekend press round-up, 24-26 August
RestaurantsFood police lose fight to outlaw rare beefburgersBeefburgers cooked rare can remain on restaurant menus after a judge rejected claims by food watchdogs that they are a health risk. A wine bar and restaurant chain had been told to stop serving the burgers unless they took certain safety precautions. The ...
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Weekend Press
Weekend press round-up, 17-18 August
Pubs Irish Nationwide took €130m hit on loan deal with UK pubs chainIrish Natiowide Building Society (INBS) took a gigantic hit of €130m on a single client by agreeing to a bizarre loan restructuring for one of its biggest clients in the summer of 2007 as the society was gearing ...
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Weekend Press
Weekend press round-up, 10-11 August
Weekend Press 10-11 August Companies and markets The sun shines on pubs and Spirit rises The belated arrival of summer has offered some salvation to Britain’s beleaguered brewing and pub industry. The shares have now thrown off the shackles and, along with the rest of the stock market, are enjoying ...
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Weekend Press
Weekend press round-up, 27-28 July
Weekend press round-up, 27-28 JulyPubs and barsM&B has found its balance againIt is now almost two years since billionaire Joe Lewis moored his mega-yacht by Tower Bridge and declared he’d like to swallow pub company Mitchells & Butlers in its entirety. Lewis owned 25%, so this was serious. The proposed ...
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Weekend Press
Weekend press round-up, 20-21 July
Companies and marketsMake mine a Marston’s This week four of the nation’s biggest pub owners will reveal their financial results, writes Danny Fortson in his Inside the City column. They include Mitchells & Butlers, the company behind the All Bar One chain, and JD Wetherspoon. In theory, all should have ...
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Weekend Press
Weekend press round-up, 13-14 July
Restaurants Where does all the cash come from? “It’s been horrendous, but we’re a different company now,” says Stuart Gillies, who runs Ramsay’s restaurant firm. He does the numbers, while Ramsay does the nosh. “Everything we do is new.” They are moving home. “This office costs £500,000 a year,” says ...
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Weekend Press
Weekend press roundup, 6-7 July
RestaurantsGregg Wallace thinks he has the recipe for successMasterchef presenter Gregg Wallace has put new funds into his South-West London restaurant, Wallace & Co, in order to boost its performance.The investment is part of an improvement plan put in place by Wallace, who earlier this year bought out the restaurant’s ...
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Weekend Press
Weekend press round-up, 29-30 June
Restaurants Burger battle heats up as Five Guys and Shake Shack arrive in UK A tweeted picture of George Osborne tucking into a takeaway from the upmarket chain Byron late at night while completing details of the spending review may have prompted ridicule this week, but the chancellor was bang ...
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Weekend Press
Weekend press round-up, 22-23 June
Food-on-the-go Pret A Manger seeks £375m debt refinancing Pret A Manger is seeking to raise a new £375m loan to refinance existing debt and pay a dividend to private equity owner Bridgepoint. The London-based firm has mandated HSBC, Rabobank, ING Bank, RBS, Bank of Ireland, BNP Paribas and Societe Generale ...
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Weekend Press
Weekend press round-up 15-16 June
Financial results and company news Drinks wizard Walsh to chair caterer Compass Paul Walsh, the mastermind behind the success of Diageo, the drinks giant, is to become chairman of Compass as the extraordinary reshuffle of the FTSE 100’s leadership gathers pace. Walsh, 58, has been lined up to succeed Sir ...
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Weekend Press
Weekend press roundup, 8-9 June
Roadside servicesBetting tycoon takes punt on giving lorry drivers a break from open roadThe man who built Betfred from a single bookies in Salford to a nationwide chain is taking a gamble on motorway services and plans to open truck stops nationwide over the next five years.Only a couple of ...
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Weekend Press
Weekend press round-up, 1-2 June
Weekend Press 1-2 JuneFinancial results and company news Pub reform newswill cut tax revenuesPub companies will convert to tax-efficient trusts if Government reforms go ahead, in a move that will deprive the Treasury of tens of millions of pounds in revenue.Enterprise Inns, Britain’s biggest pub company, is planning to become ...
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Weekend Press
Weekend press round-up, 25-27 May
Please see below our roundup of this weekend’s newspapers: Pubs Britain’s pubs face lost decade The pub industry faces a lost decade with sales unlikely to hit 2007 levels for at least another five years despite the government’s efforts to reduce the cost of beer in the latest budget. Tightened ...