Today’s news in brief – 09/04/24

RedCat Pub Company’s net losses after tax have widened to £31m during the year ending 2 April 2023, up from £5.4m in the year before. This comes despite the pub group achieving a turnover of £120.5m, up from £62.8m in 2022, and gross profits of £89.2m, rising from £47.2m. Group directors have expressed satisfaction with the results, in the context of the challenging economic background.  

Red Engine has secured a new £60m facility from Santander, HSBC and Barclays. The company behind Flight Club Darts and Electric Shuffle plans to use this capital for a global expansion drive. Furthermore, its franchise partners opening pipeline for 2024 consists of Flight Club Philadelphia, Washington, Sydney and Melbourne.

Stonegate Group celebrates the graduation of nine managers from its pubs across the UK. The graduation ceremony, held at Stonegate’s Academy in Birmingham, celebrated six new regional managers, one area manager, one general manager and a pub support team manager.

SanHao will debut in London’s Chinatown on Gerrard Street. A restaurant focused on hand-pulled noodles and soups, it will be the latest addition to the area from the restaurateurs behind Hong Kong style café, The Eight, and Pan-Asian concept, YiQi. The restaurant’s interior has been inspired by the contemporary style of Jiangnan in Eastern China, a design palette of black, white, and grey.