Deliveroo losses widen with warnings of future cost pressures March 17, 2022 Deliveroo has reported widening losses of £131m as the food delivery firm warned of the impact of hiked costs. The firm said its core adjusted loss had widened compared to a loss of £11m in 2020, citing increased marketing spend and investment into technology. However, revenue soared 57 per cent, with food delivery apps benefiting [...]
Pubs hope to sell 14 million pints as St Patrick Day celebrations return March 16, 2022 Pubs are anticipated to pull some 14 million pints tomorrow on the first St Patrick’s Day unmarred by Covid guidance in two years. The estimation comes from the British Beer and Pub Association (BBPA), who encouraged punters to support their local on Thursday. Venues lost out on an estimated £54m on St Patrick’s Day last [...]
Wagamama sales surge ahead of pre-Covid levels as the Restaurant Group ‘mindful’ of Ukraine inflationary impact March 16, 2022 Wagamama owner the Restaurant Group has reported sales surging ahead of pre-pandemic levels as the hospitality sector recovers from lockdowns. In full-year results, the operator said like-for-like sales at Wagamama, plus its pubs and leisure divisions, were well ahead of the 2019 comparable. Pub sales were up nine per cent while its leisure division saw [...]
Fridays owner Hostmore revenue soars in maiden results as CEO warns of ‘challenges raised by Ukraine crisis’ March 14, 2022 Fridays owner Hostmore has reported revenue standing at £159m as the hospitality operator strikes out on its own after a demerger. Hostmore made its debut on the London Stock Exchange last November after it was made a separate entity from Electra Private Equity. Now, in results for the 53 weeks ended 2 January 2022, the [...]
PM received £7,150 in gifts from Russian friend Lebedev as Mi6 raised security concerns March 13, 2022 Boris Johnson received £7,150 in gifts while he was London mayor from media mogul Lord Evgeny Lebedev at the same time Mi6 was raising security concerns about the Russian-British dual national, it has been revealed. Documents show Johnson received gifts like private jet flights to visit Lebedev’s Italian villa, chaffeur-driven cars and dinners in London [...]
Super League, Mbappe and at loggerheads over lunch: the feud between PSG and Real Madrid March 9, 2022 In the hours before Paris Saint-Germain beat Real Madrid in the Champions League last month, their respective presidents met for a traditional pre-match lunch that summed up the antipathy between the two clubs. Real Madrid president Florentino Perez arrived late to the Pavillon Ledoyen restaurant near the Champs Elysees. Nasser Al-Khelaifi, the Qatari president of [...]
McDonald’s and Unilever cut ties with Russia after boycott calls March 8, 2022 Fast food titan McDonald’s has announced the temporary closure of its Russian venues while Unilever also said it would suspend operations. The announcements come after social media users had called for boycotts of companies refusing to cut ties with the country in recent weeks. McDonald’s said it would be pausing operations in Russia amid the [...]
Wheat price rallies could hurt hospitality and cause food prices to spike warn industry leaders March 8, 2022 Hospitality and supermarkets could bear the brunt of rocketing record prices following Russia's invasion of Ukraine.
Uber ups profit guidance as ride-hailing and food delivery continues to boom March 7, 2022 Shares in Uber have climbed nearly four per cent in premarket trading this morning, with the tech giant raising its first-quarter profitability guidance thanks to a record number of cab journeys and booming food delivery orders. Uber said in a filing that it now expects adjusted earnings before interest, taxes, depreciation and amortisation of $130m (£98m) to [...]
Why your next ski break should be in Austria’s Ischgl & Kappl February 28, 2022 “Relax if you can” is Ischgl’s motto and for a high quality, luxury ski destination the place is hard to beat. Walking down Ischgl’s main drag opulence hits you like a diamond-encrusted knuckleduster. Four and five star hotels rule the strip. Our choice was Hotel Piz Buin – all the luxury I could wish for [...]