KFC and Pizza Hut help serve up huge profit for owner August 12, 2025 Huge dividends from KFC and Pizza Hut helped their owner Yum! Brands more than triple its profit last year, it has been revealed. The group’s European division has posted a pre-tax profit of $1.2bn (£892.7m) for 2024, up significantly from the $317.1m (£235.8m) it posted for 2023. The firm, Yum! Restaurant Holdings, is a holding [...]
Deliveroo: Earnings shoot up ahead of Doordash acquisition August 7, 2025 Deliveroo has announced a boost to its earnings driven by a ‘more resilient than expected’ consumer, although profit has taken a hit ahead of its acquisition by American delivery giant Doordash. Revenue rose nine per cent in the six months ended June 30, with orders up eight per cent, Deliveroo told markets this morning. Order [...]
Dishoom served huge valuation after founders sell stake August 4, 2025 Dishoom has been valued in the region of £300m after striking an investment deal with a firm backed by LVMH. The restaurant chain has agreed a deal for an undisclosed sum with US-based L Catterton in a move which will see founders Shamil Thakrar and Kavi Thakrar dilute their stakes. Both co-founders are expected to [...]
McDonald’s sheds 2,000 UK jobs as profit almost doubles August 4, 2025 Profit at the UK arm of McDonald’s almost doubled in 2024 as it shed more than 2,000 jobs, it has been revealed. The US fast food giant has posted a pre-tax profit of £120m for its latest financial year, up from the £66.3m it reported in 2023. That figure though was down from the £170.8m [...]
Inside The National Gallery’s intriguing new restaurant with food inspired by Caravaggio July 31, 2025 With multiple London restaurants opening every week, it’s a food writer’s dream when one comes along and offers something different. Locatelli, the new opening within The National Gallery on Trafalgar Square, did just that when an invite popped into my inbox. The menu, says the press release, is “reflective of the restaurant’s surroundings.” Interesting! I [...]
Best pizza in London 2025: Top 9 pizzerias to try and new openings this summer July 29, 2025 The stakes are higher than ever, with so many new openings this summer. If you’re keen on the classic Italian dish, here are the 9 places to get the best pizza in London “No one orders a burger when they go through a break up”: the words of Pizza Pilgrims founders Thom and James Elliot [...]
Gusto: Restaurants to close and almost 200 jobs lost as rescue agreed July 29, 2025 Almost 200 jobs have been lost at Italian restaurant chain Gusto after a deal to buy it out of administration was agreed. Cherry Equity Partners is to acquire the majority of Gusto in a move which will lead to around 190 redundancies and the closure of six restaurants. The deal, which is being undertaken through [...]
Wasabi: Sushi restaurant chain sheds jobs as profit slashed July 28, 2025 Profit at popular London sushi restaurant chain Wasabi has been slashed as it shed more than 100 jobs during its latest financial year, it has been revealed. The business has reported a pre-tax profit of £2.2m for 2024, according to new accounts filed with Companies House. The latest total comes after Wasabi posted a pre-tax [...]
Inside new Tom Kerridge London pub headed by former Hand & Flowers chef July 16, 2025 Let’s face it, west London needs another gastro pub as much as Shoreditch needs more hipster coffee shops. If we’re not careful there will be nothing left to do in Chelsea that isn’t ranking fancy scotch eggs and sausage rolls. I suppose the one man who may justifiably nudge in on West’s posho pub territory [...]
The Ivy: Jobs continue to be cut as Richard Caring nears £1bn sale June 26, 2025 Jobs have continued to be lost at the group behind restaurant chain The Ivy as billionaire owner Richard Caring edges closer to a £1bn sale. Troia (UK) Restaurants cut more than 100 roles during its latest financial year as its pre-tax profit also declined despite a rise in revenue, new accounts filed with Companies House [...]