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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Mar- 2020 -24 MarchCoronavirus
Coronavirus Job Retention Scheme – Advice for Employers
Key points include: – Furloughed workers should not undertake any work for the company, including answering calls or emails – JRS should not interrupt an employees’ continuity of service – Annual leave will continue to accrue – Grants should be structured so no PAYE tax or national insurance contributions are due…
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19 MarchPubs and Bars
Young’s suspends rent for tenants
Pub operator Young’s has announced a new set of measures to support its team across London and the south east. In its latest announcement, the group confirmed it would provide a three-month property rent holiday for all of its tenants, starting this week. The group also said it was doing…
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Feb- 2020 -19 FebruaryBusiness Bites
Inflation jumps, physical money nearing the end, immigration to prioritise skills, £150m film studio to launch
Inflation has reached its highest rate in six months, at 1.8%, after the price of fuel and energy rose over the course of the last year. The consumer prices index (CPI) which measures the rate by monitoring the price of consumer goods, was expected to come in at 1.6%, so…
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10 FebruaryBusiness Bites
Ocado ditches Waitrose; Bill gates orders £500m beast-yacht; Boris to lower immigration wage threshold
A busy start to the week in the business pages. As the coronavirus story unfolds I am reluctant to spend every day providing updates on it, but it is worth noting quickly that there is likely to be some worldwide economic turbulence due to the latest developments. A slew of…
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Jan- 2020 -24 JanuaryBreweries and Distilleries
Marston’s delivers ‘credible’ trading performance
Marston’s has announced overall like-for-like sales increased by 1% in the 16-week period ended 18 January. Trading over the Christmas fortnight was “strong”, with a like-for-like sales growth of 4.5%. The brewer said this period compensated for more “subdued” trading in the first three weeks of December, when poor weather…
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13 JanuaryPubs and Bars
City Pub Group warns on profits as ‘one-off factors’ hit earnings
The City Pub Group has warned that its earnings will come in slightly below expectations after a series of “one-off factors” dented its profitability. The owner and operator of 47 premium pubs across Southern England and Wales, revealed that for the 52-week period ending 29 December 2019 turnover was up…
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Dec- 2019 -9 DecemberRestaurants
Pho owners consider sale ahead of expansion plans
The private equity owners of vietnamese restaurant chain Pho are reportedly mulling over a potential sale of the business. According to the Sunday Telegraph, Gresham House, which acquired the chain from Livingbridge in 2018, is considering offloading the business before it embarks on a plan to increase its store state.…
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Nov- 2019 -20 NovemberTrade Associations
UKHospitality launches new manifesto supporting UK’s hospitality sector
UKHospitality has published its new manifesto which outlines its desires of change from the incoming Government and the new Parliament in support of the UK’s hospitality sector. The document, Menu for Change, outlines “opportunities” for the incoming Government to support, and work collaboratively with, a sector that employs 3.2 million…
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19 NovemberPubs and Bars
Ei Group earnings slip following large-scale property disposal
Pub company, Ei Group, saw earnings slide by £11m to £276m for the financial year ended 30 September 2019, largely affected by the disposal of 354 commercial property assets. The group’s total portfolio now amounts to 125 properties, compared with 412 last year, but it added that average net income…
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Aug- 2019 -28 AugustRestaurants
Pizza Express group earnings down by 7.7% in H1
Pizza Express saw its group earnings drop by 7.7% for H1, in spite of a small rise in sales for the 26 weeks up to 30 June. Group EBITDA for H1 was down 7.7% to £32.4m, with total sales up 2.6% and like-for-like sales up 0.2%. The group cited “industry-wide…
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