Buoyant mining stocks boost FTSE 100 November 19, 2021 A rally among mining stocks boosted London’s premier FTSE 100 index this morning. The capital’s premier index added 0.23 per cent to reach 7,272.35 points, while the mid-cap FTSE 250 index edged back 0.08 per cent to 23,556.93 points. A rally among mining stocks boosted London’s premier FTSE 100 index this morning. The capital’s premier [...]
FTSE 100 shrugs off real estate stocks boost November 18, 2021 London markets were a mixed bag during opening exchanges today despite a rally among real estate stocks providing bright spots on the FTSE 100. The capital’s premier index fell 0.19 per cent to 7,276.99 points, while the mid-cap FTSE 250 climbed 0.22 per cent to 23,487.07 per cent. A rally among real estate stocks was [...]
Wagamama owner hikes full-year estimates after sales surge November 16, 2021 Wagamama’s owner has upgraded its estimates for the financial year, forecasting adjusted EBITDA of up to £79m. In a trading update published on Tuesday morning, The Restaurant Group said its venues had traded well with like-for-like sales outperforming the market. There had been strong sales across the Wagamama brand, as well as its pubs and [...]
Former Cadbury chief to head Wagamama’s owner Restaurant Group October 27, 2021 Cadbury’s former chief financial officer Ken Hanna is reportedly set to become the next chairman of Restaurant Group, which owns several chains including Wagamama, Frankie & Benny’s and Chiquito. A stock market announcement is expected to be made on Thursday, Sky News reported, a day after hospitality companies learnt they will be given a 50 [...]
UK hospitality crisis: 75 per cent of pubs and restaurants are hiking pay to attract new staff October 4, 2021 As a worker shortage continues to hamper the sector’s recovery, three quarters of pub and restaurant bosses say they are increasing pay to attract staff. One in six jobs currently lies vacant, and 96 per cent of business leaders were seeing staffing shortages for some roles, according to a survey of 200 senior executives from [...]
Mexican food brand Tortilla announces AIM float intention September 24, 2021 Mexican fast food chain Tortilla has announced its intention to seek admission of its shares to trading on London’s AIM market. The restaurant brand Tortilla boasts 62 sites across the country including 50 venues operated by the group and two franchise sites in the UK. The group also operates 10 franchised sites in the Middle [...]
Wagamama owner The Restaurant Group reports mediocre interim results September 15, 2021 The Restaurant Group has reported lacklustre results for the first half of the year with a statutory loss before tax of £58.8m. Total sales stood at £216.8m, a 4.5 per cent drop compared to the same period in 2020. The company made a modest recovery when it came to EBITDA which jumped from a loss [...]
Pizza Express toasts ‘strong’ reopening as it seals £335m refinancing July 8, 2021 Pizza Express today hailed “strong” trading after reopening its restaurants following lockdown as it sealed a £335m refinancing deal. The pizza chain today confirmed it had concluded its long-term financing plan, consisting of five-year bonds, and was now a “fitter” company after emerging from Covid lockdowns. It comes after a challenging year for the restaurant [...]
Hospitality shares slip amid freedom day delay speculation June 11, 2021 A host of hospitality firms saw share prices slide on the markets today as speculation grew that the next stage of the UK’s roadmap out of lockdown could be delayed. A sharp increase in the number of Brits testing positive for Covid-19 has raised the possibility that Government may move the mooted June 21 unlocking [...]
City Moves: Who’s switching jobs in the Square Mile this week? June 9, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Chairman trades The Restaurant Group for the FA The Restaurant Group (TRG), which host brands like Wagamama and Frankie & Benny’s, has confirmed this week that its chairman will be stepping [...]