Finance – Page 115
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OpinionAnalysts corner: When will the wheels fall off the Waga?
Peel Hunt analyst Douglas Jack gives his view on the prospects for The Restaurant Group, which is due to report on Q1 trading next week. He says that while Wagamama’s like-for-like sales are likely to flatter for a while yet, the cost of labour inflation and broadly flat lfls in the rest of the company leaves the brand with little room to slow. He also asks whether it is time for companies like TRG to break out their in-store and delivery revenues and lfl sales.
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NewsJDW Q3 lfls up 7.6%
JD Wetherspoon has announced like-for-like sales (lfls) in the 13 weeks to 28 April rose 7.6%.
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NewsDomino’s UK lfls up 3.1% in Q1
Domino’s has reported like-for-like sales up 3.1% in the UK in its first quarter, to 31 March.
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NewsAB InBev sees continued momentum in low-alcohol
AB InBev has said it is seeing no-alcohol and low-alcohol beer growing at nearly twice the rate of higher-strength beer in the UK.
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NewsGBK FY operating loss up to £4.6m
GBK parent company, Famous Brands, has confirmed that the group will record an operating loss of £4.6m for the year to 28 February.
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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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NewsIntu UK footfall dips slightly
Intu has reported footfall in its UK centres down 0.2% for the first four months of the year.
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OpinionAnalysts corner: TRG
Analysts at Shore Capital and Goodbody give their views on the appointment of Andy Hornby as the new chief executive of The Restaurant Group.
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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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NewsMCA’s publisher William Reed acquires stake in CGA
MCA’s publisher William Reed has acquired a stake in insight business CGA, joining The Nielsen Company as minority investors.
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NewsAnalysts corner: Greene King
Following Greene King’s full year results announcement yesterday, analysts from Hargreaves Lansdown and Goodbody give their reactions on the numbers.
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NewsVeggie Wraps and Big Macs with Bacon boost McDonald’s sales
Menu innovations have helped to drive growth for McDonald’s UK and Ireland in Q1 of 2019.
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NewsPizzaExpress underlying lfls flat in 2018
PizzaExpress has reported flat like-for-like sales in 2018, with group turnover up 1.6% to £543m.
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Equistone invests in CH&Co
Former Gaucho owner Equistone has invested in contract caterer, CH&Co, acquiring the stake previously held by MML Capital Partners.
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NewsOakman Inns completes acquisition of seven-strong pub freehold package
Oakman Inns has acquired a seven-strong package of its own managed pubs’ freeholds, with combined EBITDA of £2.8m, from funds managed by Downing LLP.
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NewsWhitbread sees dip in lfl accommodation and f&b sales
Whitbread has reported like-for-like (lfl) food & beverage sales down 2% in its full financial year.
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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.
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NewsJust Eat UK orders up 7.4% in Q1
Just Eat has reported UK orders up 7.4% in the first three months of 2019 – to 31.9 million.
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Black Sheep Coffee lfls up 22.6% in 2019
Black Sheep Coffee, the 23-strong speciality coffee shop operator, has reported like for like sales growth across the estate of 22.6% in 2019, MCA can reveal.
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NewsLoungers raises £83m through IPO
Loungers, the 146-strong café-bar group, has announced it has raised £83.3m through its IPO with admission to AIM on 29 April.