All Finance articles – Page 68
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NewsFlat Q2 sales for McDonald’s
McDonald’s reported relatively flat like-for like sales both in the UK and internationally with just 1% growth for the second quarter up to June 30, 2014
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'Active dining' concept Aveqia launches fundraising bid
Aveqia, the concept from Michelin Star chef David Berggren that involves groups of customers preparing and eating a meal for themselves, has launched a fundraising bid on Crowdcube to raise £300,000 by selling 10% of the business in order to expand
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NewsSSP joins M&C20 in a week of modest recovery
The M&C20 Leisure Index staged something of a recovery following last week’s recent dramatic fall as it finished up six points at 1,160
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Analyst corner: Jamie Rollo on Enterprise Inns
Jamie Rollo of Morgan Stanley looks ahead to Enterprise Inns’ Q3 interim management statement on 7 August, saying he expects like for like net income to be up 1.5%, boosted by the Easter shift, the World Cup and good weather
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BGF in talks with Chaophraya
The Business Growth Fund (BGF) is in talks to invest in Chaophraya, the Thai restaurant group
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Crowdcube receives £3.8m investment
Balderton Capital, one of Europe’s largest venture investors, has invested £3.8m in crowdfunding platform Crowdcube, which is used by a number of operators in the eating and drinking out sector to raise money for expansion
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NewsEx-Land Securities exec sets up leisure property fund
Ashley Blake, who previously ran Land Securities’ £4bn retail and leisure portfolio, has created a leisure sector-focused property investment company that’s looking to raise c£200m to buy freeholds and long leaseholds let to leisure operators, M&C Report has learnt
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NewsM&C20 hits seven-month low
The M&C20 Leisure Index has reached its lowest point since December with values sliding 3.5% to 1,154
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NewsHolts names new chair as PBT falls
Joseph Holt, the Manchester-based brewer and pub operator, saw its pre-tax profit fall to £2.8m from £3.5m in the year to 31 December 2013 and announced that chairman David Tully is to step down
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NewsSSP valued at almost £1bn
An offer price of 210p has been set for SSP’s IPO, which values the company at c£997m
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Booker lfls up 3.8% for Q1
Booker Group, the food wholesaler, reported like-for-like sales growth of 3.8% for the 12 weeks to 20 June 2014 and said it is “on course” to meet full-year expectations
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Rileys shareholders consider options for group
Shareholders of Rileys, the operator of 60 sports bars across the country, have appointed advisors to oversee options for the group, Sky News reports
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Santander commits £100m to Scottish leisure sector
Santander has committed another £70m to the Scottish hotel and leisure sectors for 2014 after already lending £30m since the beginning of the year
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NewsRoberts to head Kent brewery; raises £600k for expansion
Old Dairy Brewery, the Kent brewer founded in 2010, has raised £600,000 for expansion and announced the appointment of former Fuller’s Beer Company managing director John Roberts to lead a strengthened board as it enters a new phase, M&C Report has learnt
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NewsMarston's agrees £28m newbuild funding deal
Marston’s, the brewer and pub operator, has agreed a £28m forward-funding deal with Standard Life to as part of its newbuild pub expansion programme
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NewsM&C20 sees consecutive gains in leisure sector
The M&C20 Leisure Share Index continued to climb this week as it finished up 13 points to 1,196 with very few losses across the 22 listed companies
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NewsOliver invests in Hackney pub venture
Jamie Oliver has invested in the new east London pub venture being launched by Fifteen head chef Jon Rotheram, and Michelin-starred chef Tom Harris
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Nichols to pay £8m in damages
Nichols, the Vimto producer, has received a high court ruling which will require it to pay c£8m of damages to a former bottling partner in Pakistan
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NewsJack: 'TRG set for two blockbuster years'
Leading analyst Douglas Jack has issued a Buy recommendation for The Restaurant Group (RTN) and expects the company will be one of the main beneficiaries in the sector from the improving economy
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NewsChilango breaks through funding target
Chilango, the Mexican restaurant group, has broken through its target of raising £1m from the mini-bond it launched on 9 June through CrowdCube