Finance – Page 116
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News
Solo Coffee secures £200k investment
Solo Coffee, a cold brew start-up, has secured £200,000 in investment for an 18% stake in the business.
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Compassco secures £1.1m HSBC support to expand
Compassco, a McDonald’s franchise business in Hertfordshire, has opened a fourth site after a £1.1m funding package from HSBC.
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Morso launches crowdfund
Morso, the St John’s Wood pasta and grappa bar, has launched a £250,000 Crowdcube campaign to fund two new sites.
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NewsJust Eat acquires software service Practi in multi-million pound deal
Just Eat has acquired Practi – a software service that restaurants with tablet-based point of sale (PoS) and management systems – for an initial £6.7m.
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NewsPod sees ‘dramatic turnaround in performance’ in 2018
Pod Food has said it saw a “dramatic turnaround in performance” last year, as forecast in last year’s accounts, with EBITDA levels improving by £1.2m, to reach a positive £0.4m figure for the year to 3 January 2019.
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OpinionAnalysts corner: Peel Hunt on the modern leisure generation
Douglas Jack and Ivor Jones take a deeper look at the leisure industry, the consumer trends making waves and the external influences fuelling upward cost pressures, and theorise about what we might see in the future.
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News
Whitbread to cut head office
Whitbread is expected to cut more than 100 head-office jobs as a result of its sale of Costa Coffee to the Coca-Cola Company for £3.9 billion – though none of the executive committee is thought to be affected.
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NewsTasty aims for £3.25m raise through firm placing
Tasty, the Wildwood operator, has announced a conditional firm placing and open offer to raise up to £3.25m in funding, in order to pay down debt and for use as general working capital.
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Hollywood Bowl HY lfls up 4.4%
Hollywood Bowl has announced revenue growth of 5.3% and like-for-like revenue growth of 4.4%.for the six months ended 31 March 2019.
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News
Goodlife Projects liquidated
Goodlife Projects, the brand, marketing and consultancy business which launched Rum Kitchen, Passo and Foley’s, has gone into liquidation, MCA has learnt.
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NewsSimmons achieves 8% rise in lfls
Lonsdale Capital-backed bar group Simmons has achieved a like-for-like sales (lfls) increase of 8% for the full year to 31 March 2019, MCA has learnt.
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NewsComptoir adopts cautious approach to expansion
Comptoir Group is to adopt a cautious approach to expansion, as it reveals results for 2018.
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NewsWarrens Bakery profits hit by hot weather and higher costs
Warrens Bakery has seen EBITDA fall to minus levels in the full year to 30 June 2018, following the impact last summer’s hot weather coupled with increasing costs.
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OpinionAnalysts corner: Domino’s
Domino’s alleged disputes with its franchisees have been making headlines of late, with chief executive David Wild even accused of misleading the City. Analyst at Berenberg give their views on how the situation may play out for them in terms of future performance.
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News‘The pack is running faster’
As City Pub Group unveils its trial of paying weekly bonuses to all staff, James Wallin talks to joint managing directors Rupert Clark and Alex Derrick about adapting the approach to pay and incentives for a new generation of workers.
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NewsCDG lfls up 2.6% YTD
Casual Dining Group (CDG) has reported like-for-like sale (lfls) up 2.6% in the year to date, with a 4.2% rise in the 13 weeks since the New Year.
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NewsBrewDog launches new £50m crowdfund
BrewDog has launched another of its Equity for Punks crowdfunding campaigns – with a £7m target and a stretch goal of £50m.
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OpinionAnalysts corner: The Restaurant Group
Berenberg shares its views on how The Restaurant Group is faring at the beginning of what is an important year for the business.
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News
Impossible Foods seeks fresh investment
Impossible Foods, the US imitation meat company, is looking to raise fresh funding to increase its production capacity, after striking a distribution deal with fast-food chain Burger King.
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News
Deliverect secures £2.3m to expand in the UK
Deliverect, a Dutch start-up that simplifies the online delivery process for restaurants, has received €3m (£2.3m) in funding from Newion Investments and Smartfin to expand in the UK.