Finance – Page 130
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NewsTriBeCa saved from liquidation with £1m investment
TriBeCa, the Glasgow and Edinburgh based restaurant chain, has been saved from liquidation with a £1m investment from new owners.
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NewsStonegate lfls up 4.6%
Stonegate has reported like-for-like sales (lfls) for the 40 weeks to 1 July up 4.6%.
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NewsTRG in talks to acquire Peach Pub Company
The Restaurant Group (TRG) is in talks to acquire Peach Pub Company, the Midlands-based, multiple pub operator
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NewsAnalysts corner: JDW
Analysts have given their early reaction to JD Wetherspoon’s FY trading update this morning, including Peel Hunt and Langton Capital. The strong like-for-like sales rise has been welcomed but there are warnings that discounting elsewhere many impact performance going forward.
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NewsJDW FY lfls up 5%
JD Wetherspoon has reported like-for-like sales (lfls) up 5% in the year to 29 July, with total sales up 2% to £1.7bn.
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NewsFlight Club secures £15m of growth funding
Flight Club, the social darts concept, has secured £15m of new growth funding as it looks to further expand its core brand and launch a new concept called Electric Shuffle..
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Analysts corner: Brumby on delivery
Mark Brumby, of Langton Capital, presents a snapshot of the delivery market in the UK and asks whether the likes of Deliveroo and UberEats are friend or foe of the restaurant trade.
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NewsAnalysts corner: Berenberg on JDW
Berenberg analysts have issued a note ahead of JD Wetherspoon’s full year results announcement this week.
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NewsCoaching Inn Group secures £16.5m growth funding
Coaching Inn Group, the BGF-backed operator, has secured a new £16.5m debt facility to fund further growth.
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NewsAnalysts corner: Peel Hunt on Deltic/Revolution
Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, discuss the revelation by Revolution Bars Group that it is in preliminary discussions with former suitor, Deltic. They examine the attractions of the deal and main negotiation points.
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NewsRevolution board confirms new talks with Deltic
Revolution Bars Group has confirmed that it has re-entered talks with Deltic Group.
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NewsAnalysts corner: Greene King
We round-up the views of analysts at Hargreaves Lansdown, JP Morgan, Goodbody, and Citi – with more than one believing the company’s shares are undervalued.
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NewsThali Café acquired out of administration
Thali Café, the Bristol-based, Indian restaurant group, has been acquired out of administration by a new private company called Jugaard Ltd, MCA has learnt.
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NewsKames Capital acquires Home Counties investment portfolio
Kames Capital, the UK-based investment management business, has acquired a portfolio of eight prime public house, restaurant and retail investment properties, located in the Home Counties, for an undisclosed sum, MCA has learnt.
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NewsGK managed lfls up 2.8% in Q1
Greene King has reported like-for-like sales (lfls) in its managed Pub Company estate up 2.8% for the first 18 weeks of the year, to 2 September.
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NewsEiG grows tenanted & leased lfls 1.3% in year to date
Ei Group, the UK’s largest pub operator, has updated on trading in its year to date showing like-for-like net income in its tenanted and leased estate up 1.3% in the 47 weeks to 25 August.
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NewsAnalysts corner: Peel Hunt on TRG
Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, have given their views on the recent update from The Restaurant Group, saying the return to like-for-like sales (lfls) growth and the expansion of the pub estate are encouraging signs but that further downgrades are likely.
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NewsPret achieves 13.2% increase in revenue during 2017
Pret A Manger has achieved a 13.2% increase in revenue, to £878.5m, for the 52 weeks to 28 December 2017, with like-for-like sales up 3.2%.
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NewsCiti: Sector operators in a “precarious state”
Analysts at Citi have warned that many pub companies are in a “precarious state”, as they have too much leverage and little surplus cash flow as an increasingly indebted UK heads for a “potential disorderly Brexit”.
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NewsDoCaSA lines up seven more
The Department of Coffee and Social Affairs (DoCaSA), the speciality coffee shop group, has seven more stores under construction, which would take its UK estate to 26.