Page 13 - Dining Group News Today

FTSE 100 closes a shade lower as US GDP figures send ripples On Wall Street, benchmarks were mixed, with the Dow Jones losing around 15 points but the broader based S&P 500 adding nearly a point FTSE 100 closes down by a whisker US markets  mixed 5.05pm: FTSE finishes in red FTSE 100 index closed a tad lower on Thursday as first quarter GDP figures from across the pond sent negative ripples through markets. The UKs top share index finished down around two points, or 0.03%, at 6,961. On Wall St...

Tullow Oil in demand after refinancing plans A look at the major movers on the London market on Thursday oil Tullow Oil PLC (LON:TLW) is one of the days risers after it unveiled a refinancing. The exploration and production group has begun an offer of $1.8bn worth of senior secured notes due in 2026 and received commitments for a $500mln revolving credit facility and a $100mln letter of credit facility. The proceeds with be used to push out the timeframe for its debt obligations, in...

(Getty Images) The City Pub Group has increased its stake in two hospitality chains in a vote of confidence in London’s pub sector. It has bought a 49 per cent stake in Barts Pub, the owner of Ladbroke Grove’s Kensington Park Hotel, for £750,000, and will operate the pub under a management contract. (Getty Images) City Pub Group expands portfolio in vote of confidence in London’s hospitality sector The City Pub Group will also have the option to buy the property’s freehold for £5.5m u...

Why these big-name high street stores have NOT reopened this week THE coronavirus pandemic has had a devastating effect across huge areas of the UK economy, but few areas felt as hard an impact as the retail and hospitality sectors. Restaurants, pubs, bar, cafes and leisure venues were forced to shut their doors in March when the virus first struck the UK. Venues started to reopen their doors to customers again in July but were then hamstrung by local restrictions, a 10pm curfew, new serv...

Pubs, cafés and restaurants closed for good in Derby and Derbyshire There are some big names here Pitcher and Piano in Friar Gate, Derby, has closed down (Image: Derby Telegraph) Never miss another Derbyshire story by signing up to our free email updatesInvalid EmailSomething went wrong, please try again later. Subscribe When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or ser...

Yakumi Innovative Dining Group (Katana, Sushi Roku) is launching its first fast-casual sushi restaurant, Yakumi. Opening for takeout and delivery on March 11 and for patio dining on March 12, Yakumi will serve limited, customizable boxes that mix and match nigiri and rolls, plus à la carte salads, rolls, and nigiri with toppings such as truffled soy sauce with sesame seeds. Beer, wine and sake will also be available. 3919 W. Riverside Drive, Burbank, (818) 962-3403, yakumi.com A third Win~Dow ...

Here are the major chains that have made hospitality redundancies during the pandemic so far  Carluccio’s Carluccio’s cut jobs early on in the first wave of the pandemic The Italian restaurant group was one of the first well-known high street chains to enter administration during the pandemic. In May, it was bought out of administration by the owner of Giraffe and Ed’s Easy Diner, resulting in the loss of more than 1,000 jobs In total 40 Carluccio’s restaurants across the UK were set ...

This latest pub property news round-up includes more information on BrewDog’s expansion plans and a market update from leisure property specialist Fleurets. Work underway at new 42 BrewDog sites Unveiling an artist’s impression of a new site in Atlanta on Twitter, BrewDog co-founder James Watt revealed that the independent Scottish brewer and bar operator currently has 42 sites in its expansion pipeline. “Others include Belfast, London, Paris, Vegas, Bath, Exe...

New World Trading Company (NWTC) former chief executive Chris Hill is set to become CEO at Rooney Anand’s new venture RedCat Pub Company. The Morning Advertiser​’s sister title MCA ​reported RedCat has also appointed Sharon Badelek as chief financial officer, who was previously of Inspired Villages Group and Novus Leisure. M7 Real Estate executive chairman Richard Croft as well as former Lord Mayor of London and PwC adviser Sir Charles Bowman have also joine...

Fourpure completes £2.5m expansion Bermondsey-based Fourpure Brewing Co – part of the Lion Little World Beverages quartet of craft beer brands – has concluded its £2.5m expansion at its London home with new kegging and canning lines. Steve Morris, head of operations at Fourpure, said: “We’ve always had a state-of-the-art canning line but previously it was a little like a racehorse on a grey hound track, this latest suite of updates makes us Ascot-ready.  “The new, completely bespok...