Profit

UK’s top 100 restaurant groups see profits increase twelvefold

07-Aug-2023 By James McAllister

The UK’s top restaurant businesses have recorded a twelvefold increase in their profits, new research by UHY Hacker Young shows.

Percentage of UK restaurant companies making a profit doubles

17-Jul-2023 By Restaurant

The percentage of UK’s top 100 restaurant companies that are now making a profit has doubled in the past year, according to new figures.

Shepherd Neame returns to profit

28-Sep-2022 By Shwetali Sapte

Shepherd Neame has announced a return to profit and significant revenue growth in its results for the 52 weeks ending 25 June 2022.

Challenging, yet profitable year for Crieff Hydro hotel company

28-Nov-2016 By Emma Eversham

The boss of Scottish hotel company Crieff Hydro has reported a profitable year for the business despite challenging trading conditions and a large investment in its properties.

Hospitality profits up despite staff shortage concerns

28-Aug-2015 By Sophie Witts

Hospitality businesses reported healthy profit growth for the three months to August and remain positive about the future despite concerns over staff shortages.

Double-digit profit growth for regional hotels

24-Oct-2014 By Melodie Michel

Hotels in the provinces and Scotland outperformed London’s profit growth in September, according to HotStats’ latest report.

North West hotels enjoy profitable July

28-Aug-2014 By Carina Perkins

London hotel profits dropped for the third consecutive month in July while profitability in the provinces soared, according to the latest data from HotStats.

The Zetter Group to share profits with staff

28-Jul-2014 By Melodie Michel

The Zetter Group has announced a profit sharing scheme for staff – believed to be the first of its kind in the UK hospitality sector.

Ready for takeoff: Heathrow hotels see profits soar in April

27-May-2014 By Carina Perkins

Hotels at London’s Heathrow airport saw trade and profitability soar in April, according to the latest report from HotStats.

TRG targets 43 new restaurants in 2014 as profits rise

26-Feb-2014 By Luke Nicholls

The Restaurant Group (TRG), owner of the Frankie & Benny’s, Chiquito, Garfunkel’s and Coast to Coast restaurant brands, plans to open 36-43 new sites this year after delivering ‘another strong performance’ across its estate in 2013.

Accor reports 'solid' financial performance in 2013

20-Feb-2014 By Carina Perkins

Global hotel group Accor saw profits continue to nudge upwards last year on the back of market improvements and an aggressive cost saving strategy.

Marston’s offloads £90m portfolio as full-year profits grow

28-Nov-2013 By Luke Nicholls

Marston’s has sold more than 200 of its sites for £90m as the brewer and pub operator looks to cut the cost of servicing its £1bn debt and improve the quality of its estate.

‘Year of progress’ for JD Wetherspoon as pre-tax profits hit record levels

13-Sep-2013 By Luke Nicholls

National pub operator JD Wetherspoon has reported a record year of sales and profits, with like-for-likes rising by 5.8 per cent and pre-tax profits up 6.3 per cent to £76.9m.

Young's announces 13.1% rise in profits, reveals new logo

23-May-2013 By Peter Ruddick

Young's has revealed a new logo and corporate identity and declared that the last year was an 'exceptional' one for the pub operator after it recorded a 13.1 per cent rise in pre-tax profits.

Richoux Group plans two new openings as restaurant disposals deliver profits

31-Aug-2012 By Peter Ruddick

Richoux Group, which operates the Richoux, Dean's Diner, Villagio and Zippers brands, has revealed it is targeting two new restaurant openings after a round of disposals helped deliver an operating profit for the company in the first half of the...

Cote tops UK profit growth list

27-Apr-2012 By Luke Nicholls

French bistro chain Cote has been revealed as the company with the fastest-growing profits within the UK's restaurant, pub and quick service market.

Prezzo profits up, 20 sites planned for 2012

04-Apr-2012 By Luke Nicholls

Italian restaurant chain Prezzo has unveiled plans to open 20 sites in 2012 after reporting a 14 per cent increase in pre-tax profit last year.

The Restaurant Group shows resilience as turnover rises

10-Jan-2012 By Luke Nicholls

The Restaurant Group, which has the likes of Frankie & Benny’s, Chiquito and Garfunkel’s within its 390-strong portfolio, has reported a rise in turnover and sales over the past 12 months in spite of some of the most challenging trading conditions...

June provincial hotel profitability might not last, warns TRI

29-Jul-2011 By Lorraine Heller

June was the 19th profitable month in a row for hoteliers in London, while it was the first profitable month since January for provincial hotels, according to the latest HotStats report from TRI Hospitality.

Richoux to focus on Zippers and Dean’s Diner expansion

21-Apr-2011 By Lorraine Heller

Restaurant operator Richoux Group has said its start-up Zippers and Dean’s Diner brands have been earmarked for their growth potential, but it will be taking a “measured” approach to their development while it asses their suitability for a wider roll-out.