All Finance articles – Page 24
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NewsListed groups make heavy losses amid coronavirus bloodbath
Listed restaurant and pub suffered a day of carnage today as the coronavirus outbreak took its toll on operators’ share prices.
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NewsJDW more affected by weather than health scare
J D Wetherspoon has reported like for like sales up by 3.2% in the six weeks to 8 March 2020, saying it had been more adversely affected by poor weather than by the coronavirus health scare.
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NewsIntu warns of potential collapse as it reports £2bn loss
Intu Properties, the group behind nine of the UK’s top 20 shopping centres including the Trafford Centre in Manchester and Lakeside in Essex, has suggested it could collapse unless it raises extra funds.
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NewsIntu footfall flat as it explores further disposals
Intu has reported footfall was flat in its UK shopping centres in 2019, outperforming the wider retail market where footfall was down 2.5%.
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NewsOakman closes in on refinancing and investment target
Oakman Inns has secured close to £2m in new investment, while extending almost £8m of bonds which matured in December 2019.
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NewsRevolution claws its way back into growth
Negative like for like sales might not seem like an ideal trading position for the eponymous brand of Revolution Bar Group.
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NewsJKS counts cost of Gymkhana fire damage as it reopens
JKS Restaurants lost £1.52m in estimated damage and £2.43 in lost income as a result of the fire at Gymkhana.
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NewsTossed operator improved EBITDA ahead of Vital re-brand
Tossed has revealed a substantial improvement in its adjusted EBITDA to £300k in its report for the year ended 28 March 2019 released today.
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NewsInnventure sales up 14.5%
Seven-strong gastropub operator Innventure has reported a year on year sales uplift of 14.5% for the year ended 29 June 2019.
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NewsThe Vurger Co secures £1.4m investment, new Brighton site
Vegan burger brand The Vurger Co is to open its first restaurant outside London after securing a £1.4m investment.
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NewsWagamama sale cost £55m in admin expenses
The sale process of Wagamama to The Restaurant Group cost £55.2m in exceptional administrative expenses, newly released accounts reveal.
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NewsJust Eat Takeaway.com listed on LSE
Shares in Just Eat Takeaway.com will commence trading on the London Stock Exchange under ‘JET’ at 9am CET today.
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Searcys festive sales up 2.5%
Restaurant operator and events caterer Searcys has reported festive sales up 2.5% year on year.
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NewsJust Eat to become second partner to McDonald’s
Just Eat has agreed to become a nationwide with McDonald’s in the UK and Ireland.
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NewsCMA to ‘unexpectedly’ probe Takeaway.com-Just Eat deal
The Takeaway.com takeover of Just Eat could be investigated by the Competition and Markets Authority (CMA), the group has said.
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NewsHandmade Burger Co in administration again with all 18 sites closed
Handmade Burger Co. has gone into administration for a second time, with all 18 restaurants closing.
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NewsPunch buys package of seven pubs from Heartstone Inns
Punch has completed the acquisition of seven pubs from Heartstone Inns.
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NewsHawthorn Leisure: ‘Plenty more opportunities in pub sector’
Hawthorn Leisure CEO Mark Davies has told MCA he believes there will be plenty more opportunities for acquisitions in the pub market following the bumper M&A year of 2019.
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NewsBoxpark grows profits by 22%
Boxpark has grown profits by 22% to £1.6m in the year to April 2019, MCA can reveal.
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Analysis & InsightJ.P. Morgan Cazenove on Marston’s and M&B
After strong outperformance in 2019, we are moving MARS and MAB to Neutral, from Overweight, as the current share prices have now “caught up” to reflect the fundamentals, in our estimation. MAB’s operational performance inflected during 2019, and MARS largely resolved fears around its leverage and dividend sustainability. In addition, ...