UK brands invited to enter inaugural Global Restaurant Leadership Distinction Awards: UK restaurant brands are being invited to enter the Global Restaurant Leadership Distinction Awards, which are being debuted this year by Technomic. The … view

Jamie Rollo – divergence of price-to-earnings ratio multiples between managed pub operators now at widest level for more than five years: Morgan Stanley analyst Jamie Rollo has said the divergence of price-to-earnings ratio multiples be … view

Be At One eyes £60m sale: Cocktail bar brand Be At One is eyeing a sale of the company. The owners, who are backed by private equity firm Piper, have been talking to bankers about a sale of the company, which is valued between £50m and … view

The Restaurant Group – reinvigorating Frankie & Benny’s, learning from its mistakes, strategic review update: Following today’s (Friday, 26 August) first-half results, The Restaurant Group chairman Debbie Hewitt outlines the compan … view

Soho Coffee acquires Tesco’s Euphorium Bakery stores: Artisan fresh food and coffee brand Soho Coffee Co has acquired Euphorium Bakery’s five high street stores from Tesco, while Samworth Brothers, a long-term supplier partner of the … view

Authors: Glynn Davis, Paul Chase, and Chris Edger and Tony Hughesview

The Restaurant Group reports like-for-likes down 3.9%, 33 underperforming sites identified for closure or sale: The Restaurant Group has reported sales up 3.4% to £358.7m (2015: £346.9m), with like-for-like sales down 3.9% in the 27 wee … view

Wadworth trials new retail franchise agreement: Brewer and retailer Wadworth is piloting a new retail franchise agreement. The company is trialling the scheme at the refurbished The Black Horse in the village of Sowton, near Exeter. Wadwo … view

Fulham Shore to open three Franco Manca restaurants and one The Real Greek site in London by end of year: Fulham Shore, led by David Page, will open three Franco Manca pizza restaurants and one The Real Greek site in London by the end of … view

YO! Sushi reports sales and Ebitda increase, chief executive believes brand can grow to 150-plus sites, two new US restaurants to open: YO! Sushi has reported sales grew 10.5% to £83.7m in the year to 30 November 2015 while Ebitda increa … view

Greene King Tracker – spending on eating and drinking out among households with children sees massive rise in July: Spending on eating and drinking out among households with children underwent a massive rise during July, according to th … view

London-based pop-up Californian-inspired restaurant and wine bar concept launches £350,000 crowdfunding campaign for permanent site, aims for five more venues by 2021: London-based pop-up Californian-inspired restaurant and wine bar conc … view

‘Staycation’ boom following Brexit expected to be worth extra £1.4bn: The boom in “staycations” following Brexit is expected to be worth an extra £1.4bn to the UK economy, new figures have revealed. While the surge in UK holiday … view

Frank Bandura to step down as Carluccio’s chief financial officer: Frank Bandura is to step down as chief financial officer at Carluccio’s on Monday, 5 September after 17 years with the company. Bandura guided the business from incept … view

Overall like-for-likes up 0.3% on July 2015, London outperforms rest of Britain: Britain’s managed pub and restaurant groups saw collective like-for-like sales grow 0.3% in July against the same month last year – the first indication … view

Restaurant magazine publisher William Reed reports turnover and Ebitda growth: Restaurant magazine and MCA publisher William Reed has reported turnover and profit growth for the year to 31 March 2016. Underlying turnover was up 4% to £46 … view

Pret A Manger US sales go through £100m mark, losses narrow: Pret A Manger sales in the US, where it has 65 sites and first opened 15 years ago, rose by 30.8% to £115,288,000 in the year ended 31 December 2015 – sales were £88,145,00 … view

Vapiano UK reports Ebitda up: Vapiano UK has reported Ebitda in the UK rose to £1,126,451 in the year to 31 December 2015 (2014: £699,644). Turnover rose to £11,418,638 from £9,160,629 the year before. The company made an operating lo … view

Restaurant Group confirms Breithaupt departure, Andy McCue new chief executive: The Restaurant Group has confirmed that after 15 years with the company, and two years as chief executive, it has been agreed that Danny Breithaupt will step … view

Sky News reports The Restaurant Group to replace Danny Breithaupt: Sky News has reported that The Restaurant Group is to dispense with the services of its chief executive Danny Breithaupt after less than two years in charge. Sky sources c … view

Sky News reports The Restaurant Group to replace Danny Breithaupt: Sky News has reported that The Restaurant Group is to dispense with the services of its chief executive Danny Breithaupt after less than two years in charge. Sky sources c … view

Young’s makes changes to board of directors: London pub retailer Young’s has made change to its board of directors. Steve Robinson, currently head of finance within Young’s, will join the Board and succeed Peter Whitehead as finance … view

CGA Peach – maintaining quality and presentation of restaurant food being delivered is vital, opportunities to add drinks to offer: The importance of restaurants maintaining the quality and presentation of food being delivered has been … view

CGA Peach – maintaining quality and presentation of restaurant food being delivered is vital, opportunities to add drinks to offer: The importance of restaurants maintaining the quality and presentation of food being delivered has been … view

BII partners with Propel to launch industry-wide training awards: The British Institute of Innkeeping (BII) has partnered with Propel to launch the industry’s premier awards night for training achievement in the pub and restaurant secto … view

CAMRA calls for alcohol guidelines consultation as public disagrees with advice: More than half of respondents to a new study disagreed with official health guidelines on alcohol consumption, according to figures released by the Campaign … view

NPD – ten key insights on the changing UK foodservice market: Insights firm NPD Group has produced a list of ten key UK foodservice insights, reflecting the changing nature of the market. The list is:

Joule’s set for ‘brief hiatus’ in expansion for remainder of 2016, expects to start acquiring sites again next year: Shropshire brewer and retailer Joule’s, which is headed by Steve Nuttall, has said it expects a “brief hiatus� … view

BrewDog to invest $22.5m in opening US brewpubs if $50m raised: BrewDog will invest $22.5m in opening brewpubs in the US if its newly launched Equity for Punks US raises the full $50m targeted – $50m is the maximum BrewDog can raise und … view

Seedrs and Crowdcube both claim crowdfunding top spot: Seedrs and Crowdcube have both claimed top spot in the UK crowdfunding market. Crowdcube facilitated the most transactions but Seedrs completed more investments, when including the ex … view

Draft House to open first site outside London in Milton Keynes: Draft House, the craft beer concept led by Charlie McVeigh and backed by sector investor Luke Johnson, will open its tenth pub, and its first outside London, in Milton Keynes … view

Rupert Clevely – ‘I would not have returned had Enterprise Inns partnership not materialised’, sixth Hippo Inns site to open in September: Hippo Inns co-founder Rupert Clevely has told Propel he would not have returned to the pub in … view

Greggs reports like-for-likes up 3.8% in First Half: Bakery chain Greggs has reported total sales rose 6.0% to £422m in the 26 weeks ended 2 July. Company-managed shops saw like-for-like sales up 3.8%. Operating profit excluding property … view

HMRC wins tax case against Greene King: HM Revenue and Customs (HMRC) has won its case against Greene King over the use of a tax avoidance scheme. HMRC defeated the scheme in the Court of Appeal, earning back about £30m in tax from Green … view

Analyst – pubs and restaurants: beware the margin squeeze: Numis leisure analyst Tim Barratt has warned that pubs an restaurants face a margin squeeze. He stated: “Recent trends in the Peach Tracker suggest that even pre-referendum li … view

Story of the Day:

New SRA boss plans ‘more impact’ as he challenges UK hospitality industry to become best in the world: The new Sustainable Restaurant Association (SRA) chief executive said he was planning “more impact” as he … view

New SRA boss plans ‘more impact’ as he challenges UK hospitality industry to become best in the world: The new Sustainable Restaurant Association (SRA) chief executive said he was planning “more impact” as he challenged the UK hos … view