Cineworld revenue skyrockets by $1bn as record-breaking blockbusters lure in viewers March 17, 2022 Cineworld revenue has skyrocketed by $1bn (£760m) in the past year, as record-breaking blockbuster releases such as Spider-Man: No Way Home lured in viewers. Revenue surged more than 111 per cent to $1.8bn (£1.3bn) in the year to 31 December, up from $852m, according to the theatre chain’s preliminary results this morning. Admissions rose over [...]
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 [...]
Pub operator Young’s announces new CEO as Patrick Dardis steps down after six years March 16, 2022 Pub chain Young’s has announced Patrick Dardis will step down as CEO this summer. Dardis will end his six-year stint leading the brewer and pub operator at the firm’s AGM on 5 July. He will be succeeded by chief operating officer, Simon Dodd, who previously served on the board of rival Fuller. Dardis will remain [...]
Parker Review: Almost all FTSE 100 boards now meet ambitious diversity target of at least one director from minority background March 16, 2022 Almost 90 per cent of Britain’s top companies have met ambitious goals to have more ethnically diverse boards. The secretary of state for business heralded “great strides” made in British firms, following a report by the Parker Review Committee, revealing 89 FTSE 100 firms are now more representative than five years ago. This comes after [...]
Zara owner Inditex warns of challenges ahead after shutting Russian shops March 16, 2022 Zara owner Inditex has reported sales surpassing pre-Covid levels but warned of looming challenges after severing ties with Russia. The world’s largest fashion retailer said Russia was a major market, after it shut its 503 shops and suspended online sales in the country amid its war in Ukraine. Russia and Ukraine accounted for five per [...]
The Gym Group revenue rockets a third as pandemic losses linger and shares fall March 16, 2022 The Gym Group’s revenue had rocketed a third in the past year, though it continues to swallow lingering pandemic-era losses. The low-cost gym chain enjoyed a revenue boost to £106m from £80.5m, after pandemic restrictions significantly dampened earnings. The company has since unveiled a plan to open 28 new gyms in 2022, with 20 leases [...]
Firm behind loyalty schemes for Pret A Manger, Asda and Pizza Express recovers from pandemic March 16, 2022 The marketing firm behind loyalty schemes for brands such as Asda, Pret A Manger and Pizza Express is back in the black after a small pandemic loss. Eagle Eye Solutions, which manages schemes for major chains through coupons,, subscriptions and gift services, announced its half-year figures up to January, with £600,000 in profit, after a [...]
Soft drink giant Fever Tree highlights short term cost ‘uncertainty’ amid war in Ukraine March 16, 2022 Beverage maker Fever Tree has said Russia’s invasion of Ukraine has caused “significant uncertainty” for short term costs. Tim Warrillow, co-founder and CEO of Fever-Tree, said the war in Ukraine had “resulted in significant uncertainty in relation to our input costs in the short term.” UK revenue leaped 15 per cent in full year results [...]
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 [...]
Camelot loses National Lottery licence after 28 years as Czech contender Allwyn gets the jackpot March 15, 2022 National Lottery operator Camelot is set to lose its licence to run the lottery after 28 years as the Gambling Commission names rival Allwyn Entertainment as its preferred applicant to take on the venture.