Finance – Page 110
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NewsChilango boosts throughput by 22.5% with kiosk tech
Burrito brand Chilango has boosted its throughput by up to 22.5% during busy periods after installing self-ordering kiosks, CEO Eric Partaker has revealed.
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NewsThe Alchemist invests in workforce
The Alchemist has grown turnover by 17.3% to £41m in the year to March 2019, from £34.4m in 2018.
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NewsConcerns raised over PizzaExpress debt
The cost of insuring PizzaExpress’ debt against default has risen to its highest level due to concerns over its borrowing, the Financial Times has reported.
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NewsDiageo acquires majority stake in Seedlip
The increasing popularity of non-alcoholic cocktails has prompted Diageo to acquire a significant majority shareholding in Seedlip.
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NewsWrapchic bought out of administration
Indian-Mexican fusion burrito brand Wraphic has been bought out of administration after being impacted by “issues with franchisees”.
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OpinionAnalysts’ corner: Mitchells & Butlers
A material re-rating should lie ahead if the business continues to executive its operational improvement and de-leveraging plans, believe analysts at Berenberg.
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OpinionAnalysts’ corner: Berenberg on Fuller’s
Leading analysts at Berenberg reflect on Fuller’s prospects as it enters a “transformational” year following the sale of its brewing business to Asahi.
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NewsKFC sales up 19% for the year-to-date
Sales at KFC in the UK were up 17% in Q2 2019 and 19% for the year-to-date (YTD), according to the latest results announcement from parent company Yum! Brands.
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NewsGreggs hails vegan sausage roll for ‘exceptional’ H1 trading
Greggs has delivered an “exceptional trading performance” in the first half of 2019, off the back of the popularity of its vegan sausage roll, and building on a successful end to 2018.
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NewsSalad sales on the rise at McDonald’s
McDonald’s UK has seen sales of its side and main salads increase by 55% year-on-year as consumers go for healthier fast food options.
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NewsSodexo: No impact on partnership after Taylor St Baristas calls in administrators
Speciality coffee group Taylor St Baristas has appointed administrators, days after selling its café estate to Black Sheep, and abandoning a crowdfunding campaign.
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OpinionAnalysts corner: Marston’s
Following Marston’s trading update for the 42 weeks to 20 July 2019, leading analysts from JP Morgan, Peel Hunt, Liberum and Goodbody share their reactions to the figures, which have been described as “slightly disappointing” in Q3.
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News
NewRiver’s pub portfolio continues to deliver robust cash returns
NewRiver has said its pub portfolio has continued to deliver high occupancy and robust cash returns, in the first quarter of 2019.
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NewsSales up 4% at Diageo UK with gin continuing to boost profits
Net sales were up 5.8% at Diageo, to £12.9bn during the full year to 30 June 2019, with organic growth partially offset by acquisitions and disposals.
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NewsRevenue up 7% at Fuller’s as it enters “transformational” year
Fuller’s achieved a 7% uplift in revenue, to £43.1m for the full year to 30 March 2019, boosted by a strong performance within its Managed Pubs and Hotels arm.
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Analysis & InsightIs Starbucks’ stardust losing its sparkle?
Three years ago, Starbucks proudly reported trading results for a “momentous year” in which it made its first profits after 17 years of operating in the UK. Profits after tax for the year ending September 2015 came in at £25.8m after a loss of £9.8m the previous year.
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NewsTaylor St Baristas pulls crowdfunding campaign
Taylor St Baristas pulled its crowdfunding campaign after taking the view that it “wasn’t the right investment vehicle for us at this time”, CEO Nick Tolley has told MCA.
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NewsMarston’s defers £70m new-build programme
Marston’s is deferring a £70m new-build programme, and reallocating £20-30 million of funds into the pub company’s organic capital plans.
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NewsProud restructures cabaret businesses
Nightclub entrepreneur Alex Proud has liquidated several of his cabaret club businesses as part of what he told MCA was a “simple restructure”.
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NewsFever-Tree revenue up 13% as trend for long mixed drinks gains momentum
Fever-Tree achieved a 13% increase in revenue in the six months to 30 June 2019, to £117.7m.