Finance – Page 118
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NewsGBK returns to lfl growth
GBK saw like-for-like sales rally in the 16 weeks to 24 February, with a rise of 4%.
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NewsUsher hits Kala crowdfund target in first night
Gary Usher has hit his Kickstarter target of £100,000 towards the opening of Kala in Manchester.
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Analysis & InsightFostering the next generation of female entrepreneurs
Holly Addison, head of hospitality and consumer digital at executive recruitment firm Odgers Berndtson, takes a closer look at the reasons behind the gender imbalance when it comes to female-founder businesses gaining financial backing and suggests great role models are key to any change.
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OpinionAnalysts corner: Just Eat
Just Eat may have reported a sales uplift of 44% in its full year results for 2018 yesterday, but for Hargreaves Lansdown the business is ‘delivering uncertainty’, with shares dipping 3% in early trading on the back of the trading update.
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NewsHumble Grape exceeds crowdfund target
Humble Grape has passed its £400,000 crowdfunding target within 24 hours of launching publically.
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News
Mangobean acquired by Rosebirch
Mangobean, the coffee shop franchise, has been acquired by retail fit-out specialist Rosebirch, MCA has learnt.
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NewsShepherd Neame managed lfls up 3.7%
Shepherd Neame has reported like-for-like sales (lfls) up 3.7% in its managed estate for the 35 weeks to 2 March.
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News
Brasserie Blanc growth to be focused on hotels only
Brasserie Bar Co is to focus the growth of its Brasserie Blanc restaurant business on hotel locations only, MCA has learnt.
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NewsHumble Grape lines up fifth site; kicks off Seedrs fundraise
Humble Grape has lined up a fifth site in Canary Wharf, MCA understands.
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NewsJapan Centre backed by Hanshin Shuhan Inc
Japan Centre Group, the operator of Shoryu Raman and Ichiba food hall, has announced a strategic partnership with Hanshin Shuhan Inc. taking a 49.5% equity participation its shares.
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NewsGrind to return to Crowdcube
Grind is to launch a new crowdfunding campaign on Crowdcube next week as it unveils a raft of new openings.
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News
Morso confirms £250k crowdfund
Morso, the pasta and grappa restaurant bar concept, has confirmed the launch of a £250,000 equity fundraising campaign on Crowdcube, as flagged up by MCA in November 2018.
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NewsPapa John’s reports fourth quarter revenue decline for UK
Papa John’s International has reported a revenue decrease of approximately $700,000 (£528,000) for the UK for the fourth quarter of 2018, in its latest trading update.
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NewsBrains sees lfls pick up as investment drive begins
Alistair Darby, the chief executive of SA Brain, has told MCA that there is huge scope to drive like-for-like sales within the existing pub estate before the company returns to the acquisition trail.
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NewsAnalysts corner: HSBC on pubs
Analysts at HSBC have assessed the likely impact of radical changes to lease accounting, which came into force at the start of the year, on the pub sector. They say the introduction of IFRS may lead to reappraisals of valuation multiples and could increase concerns about debt levels.
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NewsAnalysts corner: Peel Hunt on TRG
Peel Hunt analysts Douglas Jack and Ivor Jones reflect on Andy McCue’s decision to step down from The Restaurant Group, and what it means for the company. They warn that “although restaurant supply has finally started to fall, declining in-store demand and rising costs point to years of correction”.
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News
Intu says consumers increasingly want more experiential day out
Intu Properties has said that as the proportion of consumer spend on leisure increases, they want shopping centres to offer a more experiential day out, be it cafes, restaurants or activities like mini-golf.
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Analysts corner: Hargreaves Lansdown on Greggs
In its trading update yesterday Greggs upgraded its profit expectation for the current financial year, due to ‘an exceptionally strong start to the year’, with shares rising 8% in early morning trading. Laith Khalaf, senior analyst at Hargreaves Lansdown discusses the part played by its vegan sausage roll launch.
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Opinion
Navigating the debt landscape
With the well-publicised issues facing the UK’s hospitality sector, many would believe that lenders are steering clear. However, despite clear caution, debt options remain available to the right businesses, write Jacco Brouwer and Thomas Paterson of AlixPartners
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NewsPeach calls off sales process
Peach Pubs has called off its sales process after two prospective deals fell through at the 11th hour, MCA understands.