All Finance articles – Page 27
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OpinionAnalysts’ verdict: JD Wetherspoon
Analysts at JP Morgan Cazenove and Goodbody share their reactions to the latest trading update from JD Wetherspoon and how it’s impacted their forecasts.
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NewsTakeaway.com forced to clarify comments on Just Eat bid
Takeaway.com has been forced to clarify comments made by its chief executive Jitse Groen, in which he reportedly told a press conference in Barcelona that he had no plans to improve the offer for Just Eat.
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NewsChestnut to launch further fundraise; undergoing rebrand
Chestnut Group is about to launch another fundraise as it looks make acquisitions in the next six to 12 months that could boost its revenues by 35-40%, MCA can reveal.
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NewsPizza Express bondholders’ warning over brand’s future
Pizza Express bondholders have urged the restaurant chain’s senior management and Chinese owners to move quickly to restructure the group’s debt-laden balance sheet or risk its future, the Financial Times reports.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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NewsBababoom launches fundraise for 20-strong rollout plan
Kebab restaurant concept Bababoom is launching a fundraising drive to support its target of reaching 20 sites by 2024, MCA can reveal.
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NewsSoho House UK reveals £18m losses
Soho House UK, the Richard Caring-backed business, made a loss of £18.1m in 2018, new accounts show.
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NewsSacha Lord-backed bagel concept liquidated
Eat New York, the bagel shop concept backed by Manchester nighttime czar Sacha Lord, has been liquidated, MCA understands.
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NewsSouth American-inspired Tupi wound up
South American-inspired restaurant business Tupi has been liquidated, MCA understands.
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NewsBrewdog launches new bond
Brewdog has teamed up with Crowdcube again to launch a new Brewdog bond, which will launch later this month.
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NewsJohnson revives sale plan for Gail’s
Entrepreneur Luke Johnson is reviving plans for a sale of Gail’s Bakery, Sky News reports.
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NewsFazenda turnover up but profits down after two new openings
City District, the operator of premium Brazilian steakhouse Fazenda, has increased its turnover but narrowed profits after opened two new restaurants last year.
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NewsHedge funds circle Pizza Express
Hedge fund CarVal is one of a number of money managers that has bought into Pizza Express’s heavily discounted corporate bonds, The Daily Telegraph reports.
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NewsJust Eat reports 25% revenue growth in Q3
Just Eat has reported revenue growth up 25% to £247.5m in Q3 2019.
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NewsBills posts £9.1m loss for 2018; lfls boost following refurb programme
Bills Restaurants made a £9.11m loss last year – but has retuned to above market like-for-like sales growth across its estate following a major refurbishment programme, MCA can reveal.
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NewsLoungers lfls up 5.4%; four new openings in October
Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.
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NewsD&D reports improved autumn trading and regional strength
D&D London has reported like for like sales growth of 4%, as it commits to further projects in its home market, as well as growth in the US.
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NewsMarston’s wet-led pubs ‘lead the charge’
Wet-led pubs “led the charge” at Marston’s, with its Taverns business achieving like-for-like sales growth of 1.9% for the year ended 28 September 2019, including 5.4% in the last 10 weeks.
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OpinionAlixPartners: Cause for cautious optimism
The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith
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NewsBlack Sheep Coffee posts losses of £5.3m
Black Sheep coffee made losses of £5.3m in 2018, an increase from £2.8m in 2017, as the group invests in scaling up and adding new sites.