Finance – Page 127
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NewsKerbEdge to cease trading after winding up order
KerbEdge, the North East-based burger restaurant concept, has been ordered to wind up by High Court, MCA has learnt.
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NewsFood sales drive growth at Debenhams; plans for pop-ups
Debenhams has “held share, and driven” c10% sales growth in food, for the 52 weeks to 1 September 2018, with both owned and concessioned formats performing well.
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NewsAB InBev reported revenues up 4.5% in Q3
AB InBev has reported 4.5% revenue growth in Q3 2018, with sales up 4.6% over the first nine months of the 2018/19 year.
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NewsC&C revenues up 186% after Matthew Clark/Bibendum acquisition
C&G Group has reported total sales of €838.7m, and adjusted EBITDA of €66.2m, in six months to 31 August 2018.
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NewsPatisserie Holdings: winding up petition against Stonebeach dropped
Patisserie Holdings has announced that the winding up petition against Stonebeach Limited, its principal trading subsidiary, was dismissed by the High Court of Justice, Business and Property Courts on 23 October 2018.
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NewsManjit's Kitchen secures £40k in Kickstarter campaign
Manjit’s Kitchen, the Leeds based Indian street food concept, will open its first bricks and mortar site after securing £40,000 funding on Kickstarter.
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NewsLivelyhood reports profits up 30%
Livelyhood, the five-strong London pub group, has announced total turnover of £5.9m for the full year ending 31 July 2018 – up 29% on the previous year.
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NewsMcDonald’s expands McDelivery to almost 700 restaurants
McDonald’s has extended its McDelivery service to nearly 700 restaurants – up from around 450 this summer – through its partnership with UberEats.
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NewsEagle Eye achieves 33% FY revenue increase
Eagle Eye Solutions Group reported total revenue of £14.8m for the year ended 30 June 2018, up 33% on the previous year (£11.1m).
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Johnson under pressure to launch independent investigation
Luke Johnson is under pressure to give up control of an internal investigation into a £40m hole in Patisserie Valerie’s accounts over concerns that the review is not sufficiently independent.
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NewsRedcomb sees 11% increase in FY turnover
Redcomb Pubs Limited has reported an 11% increase in turnover for the year to 30 June 2018, from £15.2m to £16.8m.
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NewsProtein Haus bought out of administration
Protein Haus, the healthy eating grab and go concept, has gone into administration and been sold in a pre-pack.
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NewsIntu bidders up offer
Shopping centre landlord, Intu, has updated on discussions concerning a posible takeover bid from a consortium led by its largest shareholder, John Whittaker.
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NewsAnalysts corner: Goodbody on Whitbread
Goodbody analysts have set out their view on the prospects for Whitbread, post the divestment of Costa, suggesting that it opens the door for value creation.
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Patisserie Holdings: The current state of play
Mark Brumby, of Langton Capital, gives his view on a dramatic week at Patisserie Holdings and the questions yet to be answered.
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NewsSourced Market launches £750,000 Crowdcube campaign
Sourced Market, the hybrid London-based concept, has raised 85% of its £750,000 Crowdcube campaign within the first 24 hours.
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D&D lfls up 4% YTD
D&D London has seen like-for-like sales rise 4% in the year to date, with the current financial year “a different story” for the business.
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NewsPatisserie Holdings raises £15.7m through Placing
Patisserie Holdings has raised £15.7m through a share placing and secured a further £10m loan from chairman Luke Johnson.
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NewsPatisserie Holdings FD arrested
PwC is believed to be working with Patisserie Holdings ahead of a possible administration, which could come as early as today.
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Analysts corner: JP Morgan on Marston’s
Leading analyst Alexander Mees, from JP Morgan, says there is every reason to expect a ‘normal’ year in FY19, with the recovery in Destination & Premium and a flatter performance by Taverns.