Finance – Page 119
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News
Analysts Corner: Peel Hunt on Domino’s
Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on the outlook for Domino’s Pizza, stressing that the current share price underestimates the long-term expansion potential, and over-estimates the short-term downside risk from fewer store openings.
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NewsAnalysts corner: JP Morgan on Fuller’s
JP Morgan analysts have given their views on the learnings from Fuller’s sale of its beer company to Asahi, including a read-across from the Fuller’s deal to a scenario where Marston’s or Greene King might consider selling their brewing assets.
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News
Sushi Gourmet acquired by Permira
Hana Group, the Sushi Gourmet operator, has been acquired by global private equity firm Permira for an undisclosed sum.
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NewsComptoir Group trading in line with ‘market expectation’
Comptoir Group has said its trading for the 52 weeks to 31 December 2018 was line with market expectation, with a strong finish to the second half of the year.
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NewsMcDonald’s UK has no plans to slow down investment
Paul Pomroy, CEO of McDonald’s UK and Ireland has said the business has “no intention of slowing down”, and will continue to invest in customer experience and its people.
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News
Diageo UK sales up 14% in H1
Diageo has reported net sales up 14% in the UK for the six months to 31 December.
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NewsPiano Works Group reports record festive sales
The Piano Works Group, operator of late night live music venues in Farringdon and the West End has said it experienced its best ever Christmas, with sales of £1.6m for the five weeks to 23 December.
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NewsKettlebell Kitchen entities to be liquidated
Kettlebell Kitchen, the fitness food concept, is poised to go into liquidation, with the closure of at least two sites in Manchester.
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NewsAnalysts corner: Berenberg on Fuller’s
Following the news last week that Fuller’s is to sell the entirety of its beer business to Asahi in a £250m deal, analysts at Berenberg have compiled their thoughts on the ‘surprise’ announcement, and suggest the sale will give them significant firepower for acquisitions.
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NewsDomino’s Q4 lfls up 4.5% in UK
Domino’s has reported like-for-like sales in the UK up 4.5% in its fourth quarter.
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NewsBill’s reports festive lfls up 8.1%
Bill’s has reported like-for-like sales growth of 8.1% over the Christmas period.
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NewsHickory’s FY revenue up 28%
Hickory’s Smokehouse, has recorded revenue up 28% to £21.4m in the year to 30 April 2018.
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NewsMike Ashley linked with bid for Patisserie Valerie
Sports Direct tycoon Mike Ashley has been linked with a move for Patisserie Valerie with David Scott also rumoured to be back in the frame to bid for a portion of the estate.
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NewsStonegate launches £150m bond
Stonegate has launched a £150m bond issue to repay borrowings to fund its recent acquisitions.
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NewsTortilla FY lfls up 6%
Tortilla, the Quilvest-backed fast-casual concept, saw like-for-like sales grow 6% in 2018.
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NewsPWC report lifts lid on Pat Val collapse
A report by PWC into the suspected fraud at the heart of the collapse of Patisserie Holdings has allegedly uncovered forged company minutes used to take out overdrafts of almost £10m and fictitious invoices for shop refurbishments.
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NewsUrban Pubs & Bars sees profit almost double
Urban Pubs & Bars almost doubled its profit after tax for the full year to 29 April, from £524,036 in 2017, to £983,222 (+88%).
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Analysis & InsightGoing out spend up 11%-points in Q4 2018
Net spending on leisure was up 4 percentage points (pp) year-on-year for the final quarter of 2018, according to the latest Deloitte Consumer Tracker.
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Opinion
The disruptive lender
OakNorth, lender to Inception, Brasserie Bar Co and Leon, on why it is backing the hospitality sector.
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NewsAG Barr FY revenues up 5%
AG Barr has announced revenues of c£277m for the full year ending 26 January 2019, up c.5% on the prior year.