Earnings

Tortilla Group revenues rise 20% in FY22

Tortilla Mexican Grill, one of the most successful fast-casual Mexican restaurant groups in the UK, has reported a revenue increase…

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Deliveroo posts £300m loss despite revenues of £1.9bn

Food delivery business Deliveroo reported a loss for the year of almost £300m, according to its results for the FY22…

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Average hospitality wages rise 53% in 10 years

The average wage for someone working in hospitality has risen 53% over the last 10 years, the biggest rise of…

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Fuller’s issues profit warning as rail strikes wipe £4m from sales

Fuller’s has warned its full-year earnings may be lower than expected after its profitability was dented by rail strikes in…

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Comptoir H1 profits surge 150% to £11.5m

Comptoir Group, the owner and/or operator of Lebanese and Eastern Mediterranean restaurants, has announced its profits surged 150% to £11.5m…

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Inflation hits new 40-year high at 10.1%

Inflation has once again broken records with a new 40-year high recorded last month, as the Consumer Price Index (CPI)…

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91 M&A deals delivered in hospitality sector in last year

Some 91 merger and acquisition deals were delivered during the year up to June 30 2022 in the hospitality sector,…

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West End landlords Shaftesbury and Capco agree £5bn merger

Capital and Counties Properties PLC (Capco) and Shaftesbury have announced they have reached an agreement for an all-share merger, valuing…

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Whitbread beats expectations but warns of ‘tight’ labour market

Whitbread has revealed that it expects to increase its total costs by £20m – £30m in FY23 due to targeted…

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Revolution Bars earnings to surpass £10m

Revolution Bars Group plc has reported confidence in delivering adjusted EBITDA after rental charges “slightly ahead” of market expectations for…

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