Why Greggs is beating Pret in the battle of the lunch break May 30, 2024 While Pret has failed to commit to any real market position, Greggs is reaping the rewards of building an irreverent and loyal fanbase, says Dougie Hastings There’s an old saying in London – you’re never more than 6ft from a rat and 50m from a Pret a Manger. But the popular high street sandwich chain [...]
Blackstone: Investment manager enters £850m race for Village Hotels May 29, 2024 Private investment giant Blackstone has reportedly entered the £850m auction to buy mid-market hotel chain Village Hotels.
‘Customers can’t afford to pay’: Fears for London’s hospitality scene mount before general election May 25, 2024 Fears for London’s hospitality scene are mounting among restaurant and pub owners, as many reveal they are still trading below pre-pandemic levels due to red hot supply costs and pressures on consumer spending.
Happy birthday to the Elizabeth line May 24, 2024 The economic value the Elizabeth Line has brought to London cannot be underestimated, but we can’t stop there. Two years on, it’s time to think about how we can build on its success, says Tristram Gethin Today the Elizabeth line celebrates its second anniversary. Speak to Londoners about the impact it’s had, and you’ll be [...]
Could the Bank of England still cut rates in June after poor inflation figures? May 22, 2024 Although Rishi Sunak jumped on the airwaves to proclaim inflation was "back to normal", markets seemed less convinced.
Mitchells & Butlers: Shares rise at All Bar One owner as profit hits £164m May 22, 2024 Mitchells & Butlers said half-year profit soared as cost inflation eased, despite an "unavoidable" decline in pubs and restaurants over the last year.
Losses mount for Lebanese restaurant group Comptoir May 21, 2024 The group behind Lebanese restaurants Comptoir Libanais and Yalla Yalla has reported losses of £1.6m, following what bosses describe as a year of “erratic” footfall and soaring costs.
Why Upper Crust owner SSP is banking on hungry Euro 2024 football fans May 21, 2024 Upper Crust owner SSP Group has reinstated its dividend after it netted £1.5bn in half-year revenue ahead of a busy summer season of sporting events.
Yours for just £60m: New flats with private sauna and views of Hyde Park hit the market May 20, 2024 A £500m apartment development which offers views of London's Hyde Park and Kensington Palace Gardens has released the final phase of luxury apartments available for purchase.
Losses widen at Café Rouge, Bella Italia and Frankie and Benny’s owner The Big Table May 20, 2024 Losses widened at The Big Table, the owner of Café Rouge, Bella Italia and Frankie & Benny's, despite its turnover rising.