All Finance articles – Page 74
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OpinionTo invest or not to invest...
Private equity has provided the finance for most growth concepts on the UK’s pubs and restaurants scene. So what makes a great private-equity investment? Electra Partners’ Bill Priestley gives his view
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News
Essenden reveals debt for equity swap details
Essenden, the Nick Basing-led operator of the Tenpin bowling brand, has issued details of its plan to undertake a debt for equity swap to prepare the business for acquisitions
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News
Liberis allocates £30m in lending for sector
Alternative finance provider Liberis, which is chaired by former Punch Taverns COO Adrian Fawcett, is allocating £30m of new lending for the hospitality sector
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Analysis & InsightSector lfls grew 4.6% in March
Like-for-like sales grew 4.6% in March across 27 leading pub and restaurant groups compared to the same period last year and ending a year of positive growth
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News
HSBC pledges £6bn for SMEs
HSBC has set up a £6bn lending fund for small and medium sized businesses in the UK in the form of 52 local funds as it predicts a turning point for British businesses in its latest market report titled Business of Growth
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News
SSP appoints former Punch CEO Dyson to board
SSP, the travel concessions operator, has named former Punch Taverns chief executive Ian Dyson and Denis Hennequin, former European president and chief executive at McDonald’s Corporation, among three appointments to its board as it reportedly prepares for flotation
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News
Late Easter flattens March retail figures
Retail figures for March are down 1.7% on a like-for-like basis compared to 2013, which has been attributed to Easter falling in April not March causing a distortion in the data especially for the food and home categories
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NewsM&C20 suffers record fall as leisure stocks slide
The M&C20 suffered the biggest fall of its 11 month history, as shares in leisure sector stocks plunged 3.6% this week
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News
Malik reveals target locations for Modern Asian Deli
Chef entrepreneur Angela Malik is targeting sites in central London and to the west and east of the capital for the third outlet under her Modern Asian Deli concept
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NewsJust Eat share price falls
Shares in Just Eat, the on-line takeaway platform, have fallen significantly since a spike on its first day of trading on the London Stock Exchange
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News
Barber to raise EIS fund for Hush expansion
Jamie Barber has launched a new round of fundraising through the Enterprise Investment Scheme (EIS) as he looks to grow his Hush brasserie concept
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NewsJust Eat shares grow 8.8% on first day of trading
Shares in Just Eat, the on-line takeaway platform, grew 8.8% to 283p on its first day of trading, leaving it with a market capitalisation of almost £1.6bn
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News
Downing eyes £100m fundraising
Downing LLP is aiming to raise another £100m this year to add to its existing £430m pub industry fund, M&C Report has learnt
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NewsJust Eat shares debut at 260p
Just Eat, the on-line takeaway platform, has announced that shares will trade at 260p each, the top end of the price range, as it makes its debut on the London Stock Exchange today
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News
Heineken plans £58m cider investment
Heineken is planning to invest £58m in its Bulmers cider operations in Hereford, in order to increase production capacity and to modernise facilities
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NewsWahaca receives funding extension
Wahaca, the Mexican street food restaurant concept led by Thomasina Miers and Mark Selby, has had its funds extended by RBS to finance the next phase of expansion
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NewsStonegate launches £380m bond offer
Stonegate Pub Company, the TDR-backed pub and bar operator, has announced plans to launch a £380m bond offer
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NewsM&C20 returns to growth
Normal service resumed for the M&C20 this week, as it returned to growth (+1.5%) and outperformance of the FTSE All-Share Index (+0.6%) after last week’s decline of 0.7%
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Analysis & InsightPE-backed management deals
Following the early success of concepts such as PizzaExpress, Wagamama and Café Rouge, private equity is becoming increasingly involved in the world of restaurant operators. David Roberts, the head of the leisure team at leading law firm Olswang LLP, looks at the types of incentivised deal being offered to management teams to push concepts forward
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News
Just Eat to be valued at over £1bn
Just Eat, the online takeaway food service, is expected to be valued at more than £1bn today as it unveils the price of its Initial Public Offering (IPO).