Pizza Hut slumps

Pizza Hut’s UK business plunged to a £7m loss last year in the latest blow for the restaurant industry.

The pizza chain, which opened its doors in the UK in 1973, tumbled to a massive loss in the year to December 3 compared to a £5.6m profit a year earlier.

Sales also dropped 3.3pc to £225m as the company blamed less family friendly film offerings at cinemas close to its restaurants.

Pizza Hut said it has also been hit by competition in the restaurant sector as more delivery options – such as Just Eat and Deliveroo – and fast- food outlets become available.