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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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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Aug- 2018 -13 AugustBusiness
Hospitality consumer spending increases 2.5% in July
Consumer spending in the hospitality sector increased by 2.5% in July, according to Visas’ UK Consumer Spending Index. The group said the warmer weather supported solid increases in spend across food and drink and hotels, restaurants and bars categories. However, overall household spending dropped 0.9% in July due to “disappointing…
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Jul- 2018 -24 JulyApps & Technology
Deliveroo hits back at Frank Field report
Deliveroo has issued to a statement to Catering Today hitting back at MP Frank Field following his report into the working conditions of the company’s riders. The door-to-door app said that it welcomes Field’s comments regarding the benefits of ‘gig-economy’ work, but says his report makes “a number of claims…
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Jun- 2018 -14 JuneBeverages
Majestic Wine sees profit and sales increase
Wine retailer and supplier Majestic Wine has reported an increase in profits and sales for the 52 weeks ended 2 April 2018. The group reported that its sales were up by 2.3% for the year. It said this increase was driven by 11.3% underlying sales growth in its online wine…
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