All Finance articles – Page 69
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NewsM&C20 begins recovery from slump
The M&C20 Leisure Index recouped some of the losses it suffered last week as it finished up five points to 1,183, while the All Share Index fell 11 points to 1,048, once again widening the gap between the indices largely thanks to gains made by Greene King and Mitchells & Butlers
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Heartstone raises further equity
Heartstone Inns, the Enterprise Investment Scheme (EIS)-backed freehold pub operator, has raised a further £1m of equity as it looks to further add to its nine-strong estate
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NewsCalculus confirms Chop’d investment
Private equity fund manager Calculus Capital has confirmed it has invested £2m in Chop’d, the London-based salad bar chain
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Deliveroo raises £2.75m to expand business
Deliveroo, the London-based food delivery platform, has raised £2.75m of new funding to further strengthen its logistics technologies and delivery platform
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Gastropub group launches Crowdcude fundraising bid
A new gastropub group is looking to raise £150,000 for expansion by selling a 7.5% stake in their business on the crowdfunding website Crowdcude
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River Cottage Canteen raises £1m in under 36 hours
River Cottage Canteen, the restaurant and deli concept led by high profile chef Hugh Fearnley-Whittingstall, has reached its £1m fundraising target via the crowd-funding website Crowdcube in under 36 hours
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Analysis & InsightLeisure spending for May at 10-month low
Household leisure spending was down 11% in May compared with April reaching the lowest spend on eating and drinking out since January, according to the Greene King Leisure Spend Tracker
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NewsHansen: pub sector enters 'active M&A period'
The pub sector is entering an “active period of M&A activity”, according to Peter Hansen, founder of Sapient Corporate Finance
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Imbiba completes latest round of fundraising
Imbiba has completed its latest round of fundraising, raising £6m to invest across its two concepts Darwin & Wallace and Camm & Hooper.
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PBR creditors likely to lose more than £7m
Four sites formerly operated by PBR Leisure, which was placed in administration last November, have been sold for a total of £4.2m, although creditors of the company are likely to lose more than £7m from PBR’s collapse
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NewsM&C20 hits six-month low
The M&C20 Leisure Index fell to its lowest point since December this week, sliding 35 points to 1,178 – just 118 points ahead of the All Share Index, which was down 7 points at 1,059
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NewsEd’s appoints advisor as it looks at financing options
Ed’s Easy Diner has appointed corporate advisory firm McQueen to advise it on its financing options as it gears up for the next stage of its development
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NewsSSP confirms IPO move
SSP, the travel concessions operator, has confirmed reports that it plans to proceed with an initial public offering and float on the London Stock Exchange, raising primary proceeds of c£500m through the offer of new shares
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River Cottage launches fundraising
River Cottage Canteen has issuing a £1m mini-bond through crowd-funding website Crowdcube as it looks to expand to large footfall sites in prime locations
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NewsM&C20 slides amid interest rate fears
There was a downturn across the M&C20 this week with more than half the companies in the leisure index slipping a few points, possibly in reaction to Mark Carney’s announcement that household interest rates could rise sooner than markets were anticipating
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Analyst corner
Leading analyst Jamie Rollo of Morgan Stanley Leisure has said Wetherspoon needs to hit 5.4% like-for-like sales growth in its fourth quarter to be in line with the full year estimate set by the analyst firm
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NewsChilango’s Burrito Bond attracts key industry players
Chilango, the Mexican fast-food concept, has already raised more than £207,000 of its £1m fundraising target after the first day its mini bond, or Burrito Bond, has been available on CrowdCube
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Equity investors focus on out of town restaurant sites
Equity investors in the leisure sector are increasingly interested in restaurants outside of London away from the high street for investment opportunities
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Analysis & InsightStatutory code has little impact on M&C20
The Government’s statutory code announcement this week had little impact on the M&C20 index as the leisure sector edged up 3 points to 1,231
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NewsBarber raises £5m for Hush and Cabana
Jamie Barber, the restaurateur behind the Cabana and Hush Brasserie brands, has raised £5m of new equity to fund the expansion of both brands