All Finance articles – Page 18
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NewsThai Leisure Group enters second CVA in a year
Thai Leisure Group’s CVA (company voluntary arrangement) was approved last night, securing 90% support from creditors.
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NewsVarious Eateries to enter AIM with market cap of £65m
Various Eateries, the Hugh Osmond-backed operator of the Coppa Club, has confirmed its proposed admission to trading on AIM, with a share placing to raise around £25m.
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NewsNew business loans to support firms through second wave
Chancellor Rishi Sunak is to extend the Treasury’s programme of business support loans as ministers look to support the economy through an anticipated winter of new restrictions.
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NewsMod Pizza enters insolvency proceedings
Mod Pizza, the Sir Charles Dunstone-backed concept, is believed to have entered insolvency proceedings.
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NewsTim Martin calls for tax equality between pubs and supermarkets
Wetherspoon is to cut the price of all food and drink on Thursday 24 September as it hosts a ‘Tax Equality Day.’
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NewsUnpaid rent bills to total £4.6bn this year
Commercial property landlords could be left with unpaid rent bills of £4.6bn this year, according to the British Property Federation.
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NewsLoungers emerges from crisis as a ‘better business’
Loungers has reported a “significant market out-performance” since reopening, with net like for like sales growth of +29.9% from 4 July to 13 September 2020.
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NewsBrighton Pier Group bars makes staff lay-offs
The bars division of Brighton Pier Group has had to make staff lay-offs due to the continued uncertainty over the reopening of the late-night sector and the end of the furlough scheme.
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NewsMPs call for targeted furlough extension
Chancellor Rishi Sunak has been urged by a cross-party group of MPs to consider a targeted extension of the furlough scheme or risk “mass long-term unemployment”.
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Analysis & InsightEpiris pays £18m for Casual Dining Group
Casual Dining Group left estimated debts of £125m to secured creditors, with a likely level of return of £13m.
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NewsBrewdog posts losses £8.1m due to pandemic
Brewdog made a net loss of £8,151,071 in the six months to 30 June 2020 as a result of the coronavirus pandemic.
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NewsTossed sites acquired out of administration by MD
Salad bar brand Tossed has been acquired out of administration by its former managing and commercial directors Neil Sebba and Angelina Harrisson.
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NewsPizza Express CVA approved
Pizza Express has announced its proposed company voluntary arrangement (CVA) has been approved by creditors, with 73 sites set to close.
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NewsTossed creditors include £9.3m Jersey investor
Zest Food, the operator of Tossed and Vital Ingredient, has left liabilities of £9.3m to its investor after going into administration, a progress report shows.
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NewsB&K to raise £2.5m via rights issue
Brewhouse & Kitchen anticipates trade will recover to pre-pandemic levels within one year.
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NewsMore than one in four Scottish hospitality businesses at risk of collapse
More than one in four tourism and hospitality businesses in Scotland could still be at risk of collapse in the fallout of the coronavirus crisis, according to a new report by the University of Edinburgh Business School and credit risk assessment company Wiserfunding.
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NewsPage’s Putney Beach investment fund wound up
David Page’s secondary investment vehicle Putney Beach has been wound up.
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NewsLaine reports losses of £8.4m
Laine Pub Company has reported a loss after tax of £7.4m for the 50 weeks to 18 August 2019.
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NewsCreams sales up 35% yoy in August
Creams Café has reported year-on-year August sales were up 35% during the Eat Out to Help scheme.
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NewsGordon Ramsay: Trade ahead of forecasts
Gordon Ramsay Restaurants has reported trading since reopening is ahead of forecasts, though difficult to project how the trends will develop.