Finance – Page 145
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News
Booker non-tobacco lfls up 6.2% in Q3
Booker Group, the food wholesaler, saw non-tobacco sales grow 5.9% - 6.2% on a like-for-like basis, in the 16 weeks to 29 December.
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December lfls up 4.8% at Loungers
Loungers recorded like-for-like sales up 4.8% for the four weeks to 31 December 2017
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Redcomb Pubs reports December LFLs up more than 12%
Redcomb Pubs has reported a like-for-like sales increase of 12.6% during December 2017, compared to the same period the previous year.
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NewsThe Alchemist secures £16m finance package
The Alchemist is set for further growth after securing an additional £16m finance package
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Zing Zing extends crowdfund campaign
Zing Zing, the Chinese delivery concept, has extended its crowdfunding campaign by at least two weeks to allow more investors to come on board.
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NewsTasty FD resigns; trading in line with expectations
Tasty expects a further deterioration in the trading environment in 2018
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NewsStonegate aiming for 150 late-night events this year
Stonegate’s late-night division is looking to ramp up its pop-up activity over the coming year, with a target of 150 events, head of marketing, Alan Armstrong, told MCA.
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NewsVital Ingredient acquired out of administration
The Vital Ingredient brand and majority of the Vital Ingredient business has been acquired out of administration via a pre-pack sale to FCFM
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NewsBe At One LFLs up 8.1% for the YTD
Be At One has announced an 8.1% increase in like-for-like (LFL) sales for the year to date (YTD), helped by strong sales over the Christmas period.
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Analysts corner: Wet-led venues continue to lead the pack
Leading analyst Douglas Jack, of Peel Hunt, gives his view on trading updates for January, and identifies Revolution Bars as his top pick, with or without a deal.
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Ahmed buys £1m freehold of tandoori
Tandoori restaurant operator Malik Ahmed has bought the freehold of his Cookham site following a £1,050,000 loan from HSBC.
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Hallsworth crowdfund falls flat
Kurobuta founder Scott Hallsworth has failed to reach his crowdfunding target to open a bricks and mortar site for Pan Asian restaurant and bar concept Freak Scene.
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Oakman YTD lfls up 6.6%
Oakman Inns saw like-for-like sales grow 5.9% in the four weeks to 31 December.
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Upham lfls up 6.5% in December
Upham Group, the brewer and pub operator, saw gross pub sales on a like-for-like basis grow 6.5% to £2.3m in the five trading weeks to 31st December 2017.
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Dirty Martini sees 10.8% lfls growth in December
CG Restaurants & Bars has reported that its core Dirty Martini brand generated a 10.8% uplift in like-for-like sales in December
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NewsBarworks reviews its options
Barworks, the London-based pub and bar group led by Marc Francis-Baum, is considering its funding options
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NewsAnalysts corner: You’ve got Gail
Leading analyst Douglas Jack, of Peel Hunt, has said the rumoured takeover of Gail’s Bakery by Patisserie Holdings would be materially accretive if it becomes a reality.
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NewsItsu FY lfls up 0.8%
Itsu saw revenues increase 17% to £95.9m in the year to 29 December 2016, underpinned by retail like-for-like store growth of 0.8%
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Analysts corner: Jack on TRG
Leading analyst Douglas Jack, of Peel Hunt, has said that potential bidders for The Restaurant Group are likely to keep their powder dry until the Spring.
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NewsGiggling Squid is on target with expansion plans
Giggling Squid co-founder Andy Laurillard has told MCA the group is on target to reach 50-70 sites over the next five to seven years.