Earnings
Our Earnings coverage delivers detailed reporting on the financial results of key players in the UK foodservice and hospitality sector, including restaurant groups, pub chains, catering firms, and supplier brands. We analyse revenue performance, profit trends, cost pressures, and investor outlooks, helping operators benchmark against industry peers and assess commercial resilience, market dynamics, and growth opportunities across the trade.
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Aug- 2019 -1 AugustAnalysis
Who now thinks Byron was worth £100m?
There was a time when Byron was all the rage. Perhaps the earliest successful British recreation of the exploding American ‘posh burger’ trend, it struck a chord with affluent London millennials and quickly became a posterchild for high-growth restaurant businesses in the fast-casual segment. Founded by Tom Byng in 2007…
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Jul- 2019 -29 JulyRestaurants
Byron’s earnings down to £500,000
Restaurant chain Byron Burgers has reported a sharp decline in adjusted earnings for the year ending 24 June 2018. Adjusted EBITDA fell to £500,000, compared with £4.7m for the same period last in 2017. Results were impacted by company voluntary arrangements (CVA) which were agreed in January 2018, allowing the…
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Mar- 2019 -12 MarchAwards & Events
Ei Group achieve Investors in People Gold Award
Pub operator, Ei Group, has achieved the Investors in People Gold Award, which is given to organisations who “demonstrate excellence in developing and supporting their employees”. Following a re-assessment process, the pub group now joins a small list of accredited organisations across the UK that have achieved the gold standard.…
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Jan- 2019 -11 JanuaryBusiness
Pub operator Ei Group to sell 370 properties for £348m
Ei Group, the largest owner and operator of pubs in the UK, has announced it has agreed to sell 370 properties to Tavern Propco for the cash consideration of £348m. The group closed 2018 with 412 properties and the disposal of the sites will be comprised of public houses and…
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Dec- 2018 -13 DecemberBusiness
Franco Manca owner’s profit boost cues hunt for new restaurants
Italian restaurant chain, Franco Manca has announced it is to increase its expansion plans after its owner, Fulham Shore posted a 35% pre-tax profit rise for the six months up to 23 September 2018. Franco Manca also experienced a 20% increase in year-on-year revenue up to £33m, whilst earnings before…
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Nov- 2018 -28 NovemberBusiness
The Restaurant Group acquisition of Wagamama to go ahead
The Restaurant Group’s (TRG) acquisition of Wagamama is to go ahead despite 40% of shareholders voting against the deal. Shares in the group sank by 13% on Wednesday, with big name shareholders concerned about price and debt levels for the group. Debbie Hewitt, chairwoman of TRG, said she was pleased…
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Oct- 2018 -30 OctoberBusiness
The Restaurant Group buys Wagamama
Frankie and Benny’s owner The Restaurant Group (TRG) has announced it has conditionally agreed to purchase Mabel Topco, operating as Wagamama for a cash payment of £357m. TRG said its offer valued Wagamama at £559m and it would convert some of its existing sites into Wagamama restaurants. It plans to…
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26 OctoberBeverages
C&C Group settles Matthew Clark and Bibendum £160m debt
C&C Group, the drinks company which bought Matthew Clark and Bibendum out of administration, has paid off £160m of the drinks distributor’s debt. C&C Group acquired the company in April after its former parent company Conviviality issued a profit warning following the discovery of a £30m unpaid tax bill. In…
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4 OctoberApps & Technology
Workers from McDonald’s, Wetherspoons, UberEats, TGI Fridays and Deliveroo hold demonstration
Workers from McDonald’s, Wetherspoons, UberEats, TGI Fridays and Deliveroo are holding a demonstration in Leicester Square from 11am, with some workers on strike. GMB Union regional officer, Steve Garelick, said: “The continued attacks made on workers from rate reduction without consultation to gratuities being hived off show that there is…
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Sep- 2018 -21 SeptemberApps & Technology
UberEats eyeing up Deliveroo purchase
American food delivery and ride share company Uber is reportedly looking at purchasing UK-based delivery firm Deliveroo. Deliveroo was recently valued at just over £2bn and according to a Bloomberg report, sources close to the companies say the deal could be worth “several billion dollars”. The interest comes as Uber…
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