Finance – Page 141
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Analyst corner: Rollo on Greene King
Morgan Stanley leisure analyst Jamie Rollo has said he believes Greene King’s like-for-like sales underperformance will start to narrow in FY19.
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NewsJDW H1 lfls up 6.1%
JD Wetherspoon has reported a 6.1% rise in like-for-like sales for the 26 weeks to 28 January.
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Rossopomodoro group aquired by OpCapita
Sebeto Group Spa, the Italian operator of the Rossopomodoro pizza chain, has been acquired by OpCapita for an undisclosed sum. OpCapita, a European private equity group specialising in the retail, consumer and leisure industries, and which recently backed the Football Pools, sees “significant potential” to improve and grow the Rossopomodoro ...
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Analysts Corner: Goodbody on JD Wetherspoon
Leading analyst Brian Devitt, at Goodbody, looks ahead to JD Wetherspoon’s H1 results for 2018 later this week.
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Analysts corner: Peel Hunt on Domino's
Analysts at Peel Hunt have summarised some key points from Domino’s analyst presentation following its preliminary results.
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Gousto secures £28.5m in new funding
Gousto, the UK meal-kit delivery operator, has secured £28.5m in new funding, bringing the total raised by the company to £56.5m.
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NewsWasabi secures £30m bank funding; appoints FD
Wasabi, the sushi and bento chain, has secured a £30m revolving credit facility from HSBC to fund further growth and has appointed a new finance director.
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C&C sees Magners return to volume growth
C&C Group has reported a return to volume growth for Magners in the 12 months to 28 February.
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Tasty axes openings plan for 2018
Tasty, the Wildwood and Dim T brands, has said it does not intend to open any new restaurants in 2018 as it focuses on restructuring its existing portfolio.
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NewsPotential bidders circle Azzurri
The Azzurri Group, the Bridgepoint-backed operator of ASK and Zizzi, has received approaches from a number of private equity firms.
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Tossed to create 'superstar of the sector'
Tossed finance director Neil Sebba has told MCA he hopes the acquisition of the Vital Ingredient estate will create a “superstar of the sector”.
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NewsAnalysts Corner: Domino’s Pizza
Following Domino’s Pizza full-year results yesterday, a leading analyst at Hargreaves Lansdown gives his take of the company’s performance.
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NewsMcCue: Expect positive lfls in second half
The Restaurant Group chief executive Andy McCue has predicted that the company will see a retutn to positive like-for-like sales growth in the second half of this year.
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Domino’s lfl up 4.8% in 2017
Domino’s Pizza Group has reported life for like sales growth of 4.8%, for the 52 weeks to 24 December 2017.
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Investors eye Zuma group
Three large global investors are close to buying a minority stake in a group of high-end restaurants which includes Zuma, Roka, Tom’s Kitchen, Coya, and Nusr-Et Steakhouse, the FT reports.
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NewsTossed acquires Vital Ingredient
Tossed, the healthy eating group, has acquired Vital Ingredient for an undisclosed sum.
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Access Group acquires Procure Wizard
Software provider the Access Group has acquired online procurement specialist, Procure Wizard, for an undisclosed sum.
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NewsTRG pre-tax profits fell 26.4% in 2017
The Restaurant Group saw adjusted pre-tax profits fall 26.4% to £56.7m over what it described as a “transitional” year in 2017
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Freshcut Foods in MBO
Freshcut Foods, the Nottingham-based supplier, has been acquired in a deal backed by investment firm Perwyn.
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Google sells Zagat guide to The Infatuation
Google has sold restaurant review guide Zagat to The Infatuation website.