RedCat considers exit of more than a fifth of its estate RedCat, the investment vehicle founded and chaired by Rooney Anand, is reportedly mulling an exit of some of its 114-strong estate. As part of a strategic review, RedCat Leased Pubs is to be placed into administration. Read more.

Liberation Group reports strong start to the spring season The brewer and retailer has reported record-breaking sales figures for the Mother's Day weekend, when it served 8% more customers than in 2023. Food sales were up 29%. Read more.

Papa John’s to cut store estate in UK The takeaway pizza group has announced plans to shut 43 of its underperforming UK stores. The strategic closures will free up money for investment and improving profitability at its remaining UK sites. Read more.

Flutter Entertainment to move its listing to the US The owner of Paddy Power and Betfair has announced that it is formally moving its primary listing to the US at the end of May. Flutter has said that the New York Stock Exchange is “the optimal location for Flutter’s primary listing of its shares”. Read more.

Merlin Entertainments hails record revenue The attractions group, which owns LEGOLAND among other brands, has reported sales of £2.1bn for the year ending 31 December 2023, up 8% year-on-year. Merlin has also announced plans to introduce dynamic pricing at its top-20 global attractions. Read more.

Revolution Bars Group exploring all options The owner of the Revolution, Revolución de Cuba and Peach Pubs brands has announced that it is mulling different possibilities for the future of its business, including restructuring and a possible sale of parts or all of the group. Read more.