News-In-Brief

Today’s news in brief – 12/05/25

Punch Pubs has seen its revenues rise by 1.9% to £168.3m in Q2 ended 23 February. The group attributed its growth to inflationary price increases and trade enhancing capex investment in its estate, as well as maturing profits from pubs converted from L&T to MP. Meanwhile, the group has optimised…

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Today’s news in brief – 09/05/25

Tasty has narrowed its operating loss from £2.6m to £1.6m in the year to December 2024, while its post-IFRS 16 operating profit rose by 33% to £0.4m. It comes as the owner and operator of dim t and Wildwood restaurants closed 16 sites through the restructuring plan it initiated in…

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Today’s news in brief – 08/05/25

JD Wetherspoon has seen its like-for-like sales rise by 5.6% in Q1, with year-to-date like-for-like sales rising by 5.1%. Total sales only increased by 5% in the quarter, which is slightly less than like-for-like sales as the group opened two pubs and sold seven in the year-to-date. The pub operator…

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Today’s news in brief – 07/05/25

Various Eateries has seen its sales rise by 8.8% in H1 ended 30 March, driven primarily by the contribution of new site openings. While like-for-like sales for the period were flat year-on-year, this was attributed to the impact of Easter falling later in the year and after the period ended.…

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Today’s news in brief – 02/05/25

McDonald’s has seen its international sales dip 1% in Q1, with US sales falling by 3.6% over the period. That is the steepest decline in like-for-like sales in the US since the three months to the end of June 2020 during the pandemic, when sales fell by 8.7% in the…

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Today’s news in brief – 01/05/25

Prezzo has been renamed to Prezzo Italian as part of a refreshed brand identity, as it aims to revitalise its store estate ahead of the chain’s 25-year anniversary. The rebrand involved a new logo and “extensive” refurbishment programme across its portfolio, starting with its Kensington restaurant in London. Prezzo Italian…

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Today’s news in brief – 30/04/25

Starbucks has seen its consolidated net revenues rise by 2% to $8.8bn (£6.5bn) in Q2, despite global comparable store sales declining 1% due to a 2% fall in transactions. In North America, comparable store sales saw a 1% fall that was driven by a 4% decline in transactions, though this…

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Today’s news in brief – 29/04/25

The Ivy Collection has seen its turnover rise by 3.5% to £314.7m in the year to December 2023 despite having not opened any new venues during the period. The Richard Caring-backed group also saw its profits before tax jump by 30% to £37.7m during the period, with its adjusted EBITDA…

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Today’s news in brief – 28/04/25

Hospitality insolvencies were down 11% to 3,402 in the 12 months to February 2025, according to data from the Office for National Statistics. Insolvencies in the sector fell 20% to 271 in February 2025, compared with the same month last year (339). However, they remain historically higher than pre-pandemic levels.…

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Today’s news in brief – 25/04/25

Domino’s has seen its total group-wide sales rise by 2.1% in Q1, having seen the positive trends present in the second half of 2024 continue into the new year. Like-for-like sales – excluding splits – saw an incremental rise of 0.5%, while total orders were also up 0.5% compared with…

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