Business

Everards has reported an operating loss of £3.4m for the financial year ending September 2021, along with a £1.3m loss for the year ending September 2020. The company said that trading restrictions for nine months of the year is the reason behind the loss, which was reportedly driven by a…

Greggs has announced its sales for the 52 weeks ending 1 January 2022 (FY21) increased by 51% to £1.23bn from £811m in 2020, and representing a two-year increase of 5.3% compared with the same period in 2019.  In the fourth quarter of 2021, Gregg’s two-year like-for-like sales in its company-managed…

Global food service provider Aramark has announced that Patricia E. Lopez and Ken M. Keverian have been nominated for election to the company’s board of directors at its annual meeting of shareholders to be held on February 1, 2022. The company has offices in London, Leeds, Belfast and Aberdeen, employing…

Aramark has announced the acquisition of the independent foodservice company, Wilson Vale in the UK. The company said Wilson Vale joins the Aramark UK business, part of Aramark Northern Europe operations, as a “key driver” of high-quality growth and service delivery for small, premium business and industry clients and Independent…

Gregg’s has taken the lead as the “dominating brand” in the food to go sector (FTG) with a 10.7% share of occasions, according to the Lumina Intelligence UK Food To Go Market Report 2021.  The report reveals Greggs has overtaken McDonald’s with a 1.3% increase in share of occasions in…

​​Domino’s Pizza Group plc has announced that it has reached a resolution with its franchisees after the board reportedly recognised that Domino’s “lagged” in recent years compared to its businesses around the world. The resolution is set to tackle this issue and to accelerate both near-term and long-term growth. The…

The new ‘Plan B’ restrictions imposed by the government are likely to hit consumer spending over the festive period and “pile additional operational pressures on businesses”, according to the latest Business Confidence Survey from CGA and Fourth. Prior to the government’s Plan B announcement, some two in three (66%) hospitality…

Red Oak Taverns has announced it has completed an acquisition of eight free of tie pubs in Bristol from Euphorium Pubs Limited for an undisclosed sum.  This marks the group’s fifth portfolio acquisition this year, with the independent pub operator growing its estate to 208 pubs operating on a range…

SSP Group, a global operator of food and beverage outlets, has announced its revenue fell by 41.8% from £1.43bn in 2020 to £834.2m in the year ending 30 September 2021, and by 70.1% compared to 2019 levels. The group’s operating loss was £309.2m in FY21, including credit for non-underlying net…

Data from Barclaycard has revealed that takeaways and fast food surged by 63.2% in November as darker and colder evenings have drawn in. Barclaycard said this trend is likely to continue as more than one in five Brits are reportedly planning to spend more on takeaways to “enjoy nights in…