Category : Search result: restaurant profits


Hollywood's Akasha Restaurant Closes Amid LA Exodus

Another prestigious Los Angeles eatery succumbs to the city's escalating challenges as acclaimed Akasha restaurant shuts down, joining the growing list of businesses fleeing Hollywood's urban decline.

Jamie Oliver pays £2.5m to himself as profits slump

Celebrity chef Jamie Oliver and his wife Jools paid themselves £2.5 million despite their restaurant group seeing pre-tax profits fall by 75%. The financial revelations come as the hospitality sector faces ongoing challenges.

Thames Water creditors agree £1.6bn rescue deal

Thames Water's creditors have agreed to a crucial £1.6bn financial restructuring plan as Britain's largest water company battles to avoid collapse, while Tesco reports strong profits and markets react to economic uncertainty.

British Gas owner profits triple to £3.3bn

Centrica, parent company of British Gas, announces record profits while millions struggle with soaring energy bills, sparking political controversy and calls for windfall taxes.

Michelle Mone's Secret £29m PPE Profit Revealed

Explosive documents reveal Baroness Michelle Mone and her children secretly profited £29m from PPE Medro, the company she lobbied government to award massive pandemic contracts.

Restaurant rage over screaming child sparks viral debate

A heated restaurant confrontation between diners and parents of a crying child in Georgia has ignited social media debate about public behaviour and parenting responsibilities. The viral video reveals growing tensions over dining etiquette.

Olive Garden Portion Sizes Shrink as Prices Rise

British diners are noticing significant changes at Olive Garden restaurants, with many reporting smaller portion sizes while menu prices continue to climb. Discover what's really happening with your favourite unlimited soup, salad, and breadsticks.

Dyson profits plummet 50% in challenging year

British tech giant Dyson faces a challenging year with profits nearly halving to £447m, as founder Sir James Dyson warns of 'difficult global conditions' impacting the premium appliance market.

Kingfisher profits slump as UK DIY boom fades

Owner Kingfisher reports a sharp 22.5% drop in half-year profits as post-pandemic demand for home improvement shrinks, with sales falling across its B&Q and Screwfix chains.

Myer Profits Plummet 35% in Challenging Retail Climate

Australian department store giant Myer reports a dramatic 35% fall in full-year net profit, citing intense competition and cost-of-living pressures. The retailer's outlook remains cautious amidst challenging market conditions.

Enchanted Forest Dining Experience Forced to Close

A magical outdoor dining experience in California, featured on The Food Network, has been abruptly shut down by local authorities due to permit violations, leaving ticket-holders disappointed.

NYC's Carbone restaurant opens first UK site in London

The iconic New York Italian restaurant Carbone, famed for its celebrity clientele and retro glamour, is opening its first UK outpost in London's exclusive Mayfair. Discover the menu, the vibe, and the story behind the hype.

Celebrity Hotspot Reopens After Horror Soho Crash

The Ivy Soho Brasserie, a favourite among celebrities, has reopened its doors just weeks after a terrifying vehicle crash injured a TV star and damaged the iconic facade. Get the full story on the reopening and the shocking incident.

Tom Parker Bowles' Michelin-Star Restaurant Disaster

Food critic Tom Parker Bowles delivers a scathing verdict on a Michelin-starred Italian restaurant, exposing a disastrous meal of bland pasta, disappointing desserts, and shocking service that shattered his trust.

UK's Best Restaurant Meals Under £10 Revealed

Discover the top UK restaurant chains serving incredible meals for less than a tenner. From Toby Carvery to Wetherspoon, find out where to eat well without breaking the bank.

Texas BBQ Restaurant in London Closes After 18 Months

Authentic Texas BBQ restaurant in London's Fitzrovia closes permanently after struggling with post-pandemic challenges, rising costs, and changing consumer habits. The closure highlights the ongoing crisis in the UK hospitality sector.

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