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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Jun- 2022 -15 JuneBusiness
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 pay increases and the labour supply remaining “tight” across the hospitality sector. The Premier Inn operator will also bring forward its investment in refurbishments and maintenance projects, as well as…
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14 JuneBusiness
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 the financial year to date, ahead of the group’s 2 July 2022 year end, currently standing at £10m. This follows “positive” trading over the Jubilee Bank Holiday, and the business…
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May- 2022 -10 MayTrade Associations
UKH welcomes Gov ban on exclusivity clauses for lowest paid
UKHospitality has welcomed the news announced by the business minister Paul Scully that the Government is to widen its ban on exclusivity clauses to include those earning less than £123 a week. The proposals will widen the ban on exclusivity clauses, which restrict staff from working for multiple employers, to…
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Feb- 2022 -21 FebruaryFood and Drink
Star to double its managed operator pubs in Scotland
Star Pubs and Bars has announced it is to double the size of its Scottish managed operator Just Add Talent (JAT) estate. The company currently has six JAT pubs in Scotland. Subject to recruiting new operators, it will create a further seven managed operator pubs during 2022. JAT is aimed…
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Jan- 2022 -24 JanuaryBusiness
Profit warnings from travel & leisure companies fall to 7-year low
Profit warnings issued by FTSE travel and leisure companies fell to their lowest level in seven years in 2021 despite the sector experiencing another challenging year, according to EY-Parthenon’s latest Profit Warnings report. In total, it said the FTSE travel and leisure sector, which also includes restaurants and bars, issued…
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Nov- 2021 -11 NovemberRestaurants
Young’s reports strong H1 as revenues surge
Pub group Young’s has reported its total revenue for the 26 week period ending on 27 September was £149.6m, up 183.9%, with adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of £42.7m. The group said it benefited from an increased demand following the re-opening and its major capex programme…
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Sep- 2021 -17 SeptemberRestaurants
Electra confirms plans to demerge Fridays
Electra Private Equity has confirmed plans to demerge its Fridays and 63rd+1st brands under a new parent company, Hostmore. The firm had previously announced plans to demerge the brands earlier this year. It is planned for the shares in Hostmore to be admitted to the main market of The London…
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Aug- 2021 -17 AugustBusiness
Unemployment falls to 4.7% as job vacancies hit record high
UK unemployment fell to 4.7% for the quarter to 30 June 2021, a drop of 0.2% when compared to the previous three month period. According to the ONS, this was coupled by a 0.3% rise in the UK employment rate to 75.1% in the same period, closing the gap with…
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Feb- 2021 -11 FebruaryPubs and Bars
Platinum abandons Marston’s takeover
Platinum Equity, a US-based private equity firm, has confirmed that it will no longer move forward with a proposed takeover of Marston’s, after the pub group “unanimously rejected” its proposal earlier this month. Last month, Marston’s confirmed that Platinum put forward an unsolicited, non-binding proposal of a possible cash bid…
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2 FebruaryBreweries and Distilleries
Marston’s ‘unanimously rejects’ Platinum takeover bid
Marston’s, the brewery, pub, and hotel operator, has rejected a takeover bid submitted by Platinum Equity, a US-based private equity investment firm. The proposal, which represented 105 pence per Marston’s share, was “unanimously rejected” on the grounds that it “very significantly undervalues” the brand. A regulatory statement from the firm…
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