Latest / Hospitality News Briefing
Monday 26 October: Punch Pubs returns to profit as annual earnings climb to £106.4m
Punch Pubs reports a return to profit with EBITDA passing £100m, while TGI Fridays eyes a UK restart and operators warn of a 'make or break' Budget.
Correction: the Tossed story in this episode said Tossed had 12% like-for-like growth against a falling healthy food-to-go market, and these notes said its sales hit £7m. Those figures belonged to Yolk, not Tossed. Tossed's actual news, from Restaurant Online, is a new store format at its London Wall site and its first airport restaurant, opening at Gatwick North this autumn. The episode also said the ten-year gilt yield dropped to about 5%…
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