Business

According to research by accountancy group UHY Hacker Young, 15 of the top 20 UK restaurant companies do not have enough cash to cover their debts falling due in the next year. An analysis of the short term liabilities and assets of the UK’s top 20 restaurant companies reveals that,…

The UK’s top 100 restaurants made an £82m loss in the last year, down from a pre-tax profit of £102m 12 months ago, research by accounting firm UHY Hacker has found. Furthermore, pre-tax profits at the UK’s top 100 restaurant groups have fallen from £345m since the first quarter of…

Carluccio’s has accelerated its £10m Fresca revitalisation programme with the announcement that the group plans to refresh at least five more sites over the coming months. Following the Fresca pilot at Richmond earlier this year, Carluccio’s at Heathrow Terminal 5 and at Bluewater shopping centre are set to undergo a…

Crussh Fit Food and Juice Bars launches a range of retail products, including vegan and protein-based lines, into 61 Sainsbury’s convenience stores across London, following a successful trial in 10 Sainsbury’s stores since July 2018. Entering stores on 13 May, the roll-out was part of the healthy food and juice…

The hot Easter weekend delivered different outcomes for Britain’s managed pub and restaurant groups, latest figures from the Coffer Peach Business Tracker show. While pub sales surged, restaurants took a hit during the month of April. Pub and bar chains reported collective like-for-like sales up 5.3% for the four-day break…

Virtual restaurant business, Ghost Kitchen, has acquired investment from angel capitalist group Jenson Funding Partners SEIS. The business will create and operate delivery-only food brands, all run of out of singular kitchen locations located in areas that have the highest density in food delivery. A tech-enabled food and brand company,…

Consumer spending grew by 2.5% year-on-year in April, as milder temperatures encouraged Brits to go out and spend, despite ongoing struggles in the retail sector. According to data from Barclaycard, spending in pubs and restaurants reached double-digit growth of 13.1% and 10% respectively – as Brits made the most of…

New research has revealed that an estimated 17 million people in Britain have stolen tableware – glasses, cups, napkins, cutlery, condiments – in their homes. Catering equipment supplier Nisbets uncovered the results following a survey in which 1,000 respondents were asked about their attitudes towards stealing such items from bars…

London councils including Camden, Westminster and Islington are set to ban ice cream vans from operating on roads within the boroughs in order to cut down on air pollution. Most ice cream vans run on diesel fuel, releasing high levels of black carbon, a substance which scientists claim can stunt…

Hospitality group, Whitbread has announced a 40% drop in profit in its first set of full-year results following the sale of Costa Coffee to Coca-Cola. Whitbread blamed Brexit uncertainty and weak UK hotel demand at its Premier Inns brand for the slow growth figures. Without the effects of the Costa…