Wetherspoon has launched a new poster campaign in 880 Wetherspoon pubs across England, Scotland, Wales and Northern Ireland today calling on the Prime Minister to get rid of tariffs post-Brexit. The poster is headlined 'What don't you like about free trade, Mrs May?' and states that free trade means getting rid of tariffs. Wetherspoon founder and chairman Tim Martin said: … [Read more...]
D&D Financial Results 2018
D&D London announced today its financial results for the year ended 31 March 2018 and a trading update for 2018 to date. Highlights were as follows: 2017/18 Turnover +6% to £132.2m. (2017 £125.0m) EBITDA¹ -11% to £11.6m. (2017 £13.1m) Like for like sales +1% New restaurant launches of Issho and East 59th in Leeds (July 2017), Fiume at Battersea Power … [Read more...]
Jinli Chinatown and modern shanghai add some spice to Chinatown London
Shaftesbury has today announced the first two restaurants to sign as part of Central Cross, a 48,000 sq ft mixed-use development at the eastern gateway to Chinatown London. Award-winning Sichuanese restaurant, JinLi, and casual noodle and dumpling concept, Modern Shanghai, will open new restaurants at the scheme this winter. JinLi, which won ‘Best in England’ at the Golden … [Read more...]
Brexit, rising costs and competition issues – vs – premiumisation and healthier eating growth
Rising costs, intense competition and Brexit are creating significant challenges for operators in the out-of-home eating and drinking sector—but consumer trends including premiumisation and healthier eating and drinking offer opportunities for growth. Those are among the key findings of the fourth edition of Future Shock, the exclusive series of market reports produced in … [Read more...]
September delivers a late summer bonus for pub trade
Sunny weather in September again proved good news for Britain’s managed pubs, with collective like-for-like sales up 1.9% on the same month last year, according to latest figures from the Coffer Peach Business Tracker. But restaurant chains had another tough month. Overall, the managed pub and restaurant sector saw a 1.1% uplift in like-for-like trading last month, but that … [Read more...]