All Finance articles – Page 29
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NewsMcMullen wet sales lfls up 4.6%
McMullen, the brewer and pub operator, has reported managed house like-for-like sales growth of 2.8% - driven by like-for-like wet sales growth of 4.6% - for the full year ending 29 September 2018.
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NewsOrée raises £425k for London rollout
Orée, the London-based premium bakery, has raised £425,000 through Angel Investment Network (AIN), to open two more shops, with an overall target of 12 in London.
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NewsPeach Pubs markets freeholds after failed sales process
Peach Pubs is selling four freehold investments, which it will lease back, to allow the company to be debt-free, invest in its estate, and take on new pubs.
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NewsWhitbread F&B lfls down 2.1%
Whitbread has reported a decline in food & beverage like for like sales growth of 2.1%, in Q1 FY2020.
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NewsTaylor St Baristas to sell shops
Taylor St Baristas has agreed to the sale of its eight existing coffee shops as it continues its transition from retailer to “full stack coffee business”, MCA understands.
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NewsPuttshack completes £27m equity raise
Puttshack, the tech-enabled mini-golf concept from Adam Breeden, has completed a £27m equity raise with lead investor Promethean, to execute its UK and US expansion plan.
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NewsCauseway Capital: Pat Val ‘back on track’
Patisserie Valerie owner Causeway Capital has revealed further details of the turnaround plan for the chain, which includes a major rationalisation of its menus and product offering.
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Network Rail reports 4.4% rise in station sales
Network Rail has reported a 4.4% rise in retail sales in the 2018 financial year across 18 stations.
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BigDish raises £2.1m
BigDish, the yield management platform for restaurants, has raised £2.1m through an institutional investor.
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NewsLoungers lfls up 6.9%
Loungers has announced a trading update, with like for like sales growth of 6.9% for the year ending 21 April 2019.
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NewsBiff's appoints Allen as it invests in product range
Biff’s Kitchen, the vegan fast food operator, has secured six-figure investment to expand its foodservice and retail business, as first flagged up by MCA last month.
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NewsSt Austell reports on 'challenging' 2018
St Austell has reported turnover up 6.1% to £179m (from £169m), in the year ending December 2018.
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NewsGordon Ramsay Restaurants returns to profit
Gordon Ramsay’s restaurant group has posted a pre-tax profit of £0.5m for the year to August 2018, according to The Guardian.
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Wagestream raises £40m
Wagestream, which provides flexible payroll solutions for Roadchef, Stonegate and Wagamama, has raised $51m (£40.1m) in series A funding.
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Laura's London launches Seedrs campaign to fund café roll out
Premium cake and catering studio Laura’s London has launched a crowdfunding campaign on Seedrs, to help kick-start a roll-out of cafes.
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Impossible Foods raises further $300m
Impossible Foods, which makes a meat-free plant-based burger, has raised a further $300m in the latest round of funding ahead of a possible initial public offering.
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NewsBurning Night to face legal action over 'breach of duty'
Former directors of Burning Night Group, the Bierkeller operator which collapsed into administration last year, could be persued with legal action over misfeasance/breach of duty, MCA understands.
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NewsTasty raises £3.25m through share placing
Tasty, the operator of Wildwood restaurants, has raised £3.25m through a new share placing after all resolutions were passed by shareholders at its General Meeting yesterday.
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Analysis & InsightAppealing to the masses
Over the past few years, as traditional lenders have become more cautious, crowdfunding has become an increasingly attractive option for operators looking to finance growth. While recent months have seen some high-profile crowdfunding successes, there have also been some dramatic failures. Helen Gilbert and Georgi Gyton spoke to experts from AlixPartners, The Crowdfunding Centre and ECF Solutions to get their views on crowdfunding’s impact on the sector.