Finance – Page 139
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NewsBird to seek finance for reorganised pub group
Andy Bird, the London pub operator, is looking to bring his pubs under a new holding company, The London Public House Group, which will enable him to seek development finance for expansion ahead of exit in four or five years, MCA has learnt.
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Chapel Down FY sales up 15%
Chapel Down saw sales rise 15% to £11.8m in the year to 31 December, with beer and cider sales growing 7% t0 £3.7m.
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NewsYO! acquires leading sushi brand Taiko
YO! Sushi has further underlined its plan to create a global multi-format and multi-brand sushi business, with the acquisition of Taiko Foods
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NewsPizza Hut Restaurants closing in on management buyout
Pizza Hut Restaurants, the 260-strong business led by Jens Hofma, is set to confirm over the next few days that it has completed a management buyout.
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Yumpingo secures £750k in new funding round
Yumpingo, the food intelligence platform, has secured £750,000 in a new round of investment, taking its total amount raised to £1.3m.
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NewsDeltic Group secures new £20m debt package
Deltic Group has secured a new £20m debt facility with HSBC.
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Analysts corner: Goodbody on Whitbread
Goodbody analyst, Gavin Kelleher, has given his view on Whitbread ahead of its preliminary results next week, saying while he retains a cautious outlook on the company, the renewed speculation that a spin-off of Costa is likely is a support to valuation.
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Intu sees footfall increase 1.5%
Intu, the shopping centre landlord, has reported a 1.5% rise in footfall across its estate since 1 January.
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NewsAnalysts corner: Greene King
Analysts at Hargreaves Lansdown have given their view on the trading update from Greene King yesterday, saying the group’s track record deserves recognition and that brand consolidation offers cause for optimism, However, they warn the company faces undeniable headwinds.
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NewsAnalysts Corner: JP Morgan and Goodbody on Greene King
Leading analysts Alexander Mees from JP Morgan and Brian Devitt from Goodbody, gave their views on Greene King’s trading update for the 49 weeks to 8 April
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easyCoffee seeks £3m capital
EasyCoffee, the value coffee shop group which is part of the easyGroup, is now looking to complete second-stage capital raising of up to £3m to funds its growth in the coffee shop and vending sectors.
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NewsAnalysts Corner: Berenberg on City Pub Group
Leading analysts at Berenberg shared their thoughts on City Pub Group’s final results for the 53 weeks ended 31 December 2017 this morning
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City Pub Group lfls up 3.8%; EBITDA UP 51%
City Pub Group has announced like-for-like (lfl) sales growth of 3.8%, as revenue jumped up 35% to £37.4 million for the 53 weeks ended 31 December 2017.
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NewsGreene King managed lfls down 1.8%
Greene King has this morning reported a 1.8% decline in like-for-like sales across its managed pubs division
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NewsAnalysts Corner: Devitt on Greene King
In advance of Greene King’s trading statement tomorrow (12 April), covering the 49 weeks to 8 April 2018, Brian Devitt, gaming and leisure analyst at Goodbody, predicts ‘another difficult trading statement’ reflecting the poor weather seen earlier this year.
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BrewDog confirms Hawkes investment, eyes IPO in 2020
BrewDog has confirmed its investment in Hawkes, the Bermondsey-based craft cider producer and tap room, as flagged up by MCA on Friday.
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NewsZuma backer sells $200 stake
Dogus Restaurant Entertainment & Management (D.ream), the Turkish hospitality business which backs Zuma, Roka, Tom’s Kitchen and Coya, has sold a $200m stake to London’s Metric Capital and Singapore’s Temasek.
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ResDiary software sold to AccorHotels
Global investment bank GCA Altium has advised ResDiary, a provider of online restaurant reservation software, on its sale to French-listed global hospitality group AccorHotels.
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NewsAll Stars Lanes considers its options
All Star Lanes, the boutique bowling concept led by Christian Rose, has appointed advisors as it assesses options
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OakNorth could back Inception for next 10 years
OakNorth director of debt finance Deepesh Thakrar has told MCA he believes the bank will provide a revolving facility to the Inception Group for as long as 10 years, after backing the rollout of the next three Mr Fogg’s sites.