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Restaurant sector dealing with £3b in debt, research shows

04 December 2023 by

The debt burden of the UK’s top 30 restaurant groups, including Loungers and Gordon Ramsay Restaurants, has exceeded £3b for the first time, according to a national accountancy group.

News

Whitbread reports ‘impressive’ H1 for Premier Inn

18 October 2023 by

Premier Inn has revealed it has plans to grow its pipeline to 125,000 rooms across the UK and Ireland after an “impressive first-half performance”.

D&D London set for 'imminent' £60m sale to new investors News

D&D London set for 'imminent' £60m sale to new investors

16 October 2023 by
Wimpy owner issues profit warning News

Wimpy owner issues profit warning

10 October 2023 by
Wetherspoons returns to profit as like-for-like sales increase by 13% News

Wetherspoons returns to profit as like-for-like sales increase by 13%

06 October 2023 by
Charlie McVeigh: Trend for experiential venues may not be as 'durable' as expected News

Charlie McVeigh: Trend for experiential venues may not be as 'durable' as expected

28 September 2023 by

Brighton Pier Group reports ‘lower than expected’ sales News

Brighton Pier Group reports ‘lower than expected’ sales

25 September 2023 by

Brighton Pier Group has announced a decline in total revenues due to “ongoing inflationary pressures” in[...]

Comptoir Group reports decline in profit amid 'challenge trading environment' News

Comptoir Group reports decline in profit amid 'challenge trading environment'

22 September 2023 by

Comptoir Group has reported that its profits have taken a hit from the macroeconomic pressures facing[...]

Viewpoint: What’s whetting investors’ appetites? In-Depth

Viewpoint: What’s whetting investors’ appetites?

24 August 2023 by

Tough times haven’t put all investors off businesses in the hospitality sector. Claire Madden explains what[...]

Compass Group reports strong third quarter News

Compass Group reports strong third quarter

25 July 2023 by

Compass Group has reported a strong third quarter with worldwide organic revenue growth of 15%.

News

Brighton Pier Group lowers outlook after tough second quarter

Brighton Pier Group has lowered its annual outlook after a tough second quarter, which saw sales lag 2022. "

25 July 2023 by
Travelodge reports ‘record’ results for 2022 and an ‘encouraging’ start to 2023 News

Travelodge reports ‘record’ results for 2022 and an ‘encouraging’ start to 2023

15 May 2023
by

Budget hotel chain Travelodge has reported record financial results for 2022 and an “encouraging” start to 2023.

Wake-up call: It’s time to face up to Covid debt repayment Business

Wake-up call: It’s time to face up to Covid debt repayment

27 April 2023
by

Companies are repaying thousands of pounds a month, but there are avenues to smooth the path to being debt-free, says Dominic Dumville

Premier Inn owner reports revenues 27% ahead of pre-pandemic News

Premier Inn owner reports revenues 27% ahead of pre-pandemic

25 April 2023 by

Premier Inn owner Whitbread has reported statutory revenue of £2.6b in its latest financial results, 27%[...]

Sales up for managed pubs, bars and restaurants but costs bite News

Sales up for managed pubs, bars and restaurants but costs bite

24 April 2023 by

Like-for-like sales at Britain’s leading managed restaurant, pub and bar groups in March were 1.4% ahead[...]

Hospitality sees fourth successive month of year-on-year growth Business

Hospitality sees fourth successive month of year-on-year growth

22 February 2023 by

Britain’s leading managed pub, bar and restaurant groups achieved like-for-like sales growth of 10.9% in January[...]

Marston’s like-for-like sales up 3% in last 10 weeks News

Marston’s like-for-like sales up 3% in last 10 weeks

11 October 2022 by

Marston’s has said that like-for-like sales were up 3% over the 10 weeks from 24 July[...]

News

HospoDemo to stage third government protest

HospoDemo is to return to Westminster next month to stage a third protest following Friday’s mini budget, which notably left out business rates and VAT."

29 September 2022 by
Chancellor announces raft of tax cuts designed to stimulate growth News

Chancellor announces raft of tax cuts designed to stimulate growth

23 September 2022
by

Chancellor Kwasi Kwarteng has announced cuts to corporation tax, alcohol duty and income tax as part of a raft of measures intended to stimulate economic growth.

PPHE reports revenue recovered to 39.5% of 2019 levels last year News

PPHE reports revenue recovered to 39.5% of 2019 levels last year

01 March 2022
by

For the 2021 financial year, PPHE Hotel Group has reported total revenue increased by 38.9% to £141.4m, representing a recovery to 39.5% of 2019 levels.

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