Finance – Page 147
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Vianet reports H1 growth despite 550 pub closures
Vianet has said that pub closures lead to a reduction of c550 sites for its beer flow monitoring business in the six months to 30 September.
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SIBA acquires controlling stake in Flying Firkin
The Society of independent Brewers (SIBA) has acquired a majority shareholding in Flying Firkin Distribution Ltd (FFD).
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NewsAnalysts corner: Raiders of the lost car parks
Leading analyst Douglas Jack, of Peel Hunt, has said that Marston’s strength lies in the management knowing exactly where the company’s growth is coming from.
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Fever-Tree launches US arm
Fever-Tree, the mixers producer, has announced the establishment of a North American office and the appointment of Charles Gibb as the group’s North American chief executive.
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NewsBrighton Pier Group acquires mini-golf operator
Brighton Pier Group – the Luke Johnson-chaired owner of Eclectic Bars – has agreed to acquire Lethington Leisure Ltd – operator of six Paradise Island Adventure Golf sites, for £10.5m.
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NewsLaine acquires Distinct Group
Laine Pub Company, the Brighton and London based operator, has acquired the four-strong Distinct Group, taking to a 60-strong estate.
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Analysts’ corner: Mees on Marston’s
Alexander Mees, analyst at JPMorgan Cazenove, described yesterday’s full-year results from Marston’s as like a mild ale, with profits in line with expectations and no change to FY18/19 estimates.
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Aqua Restaurants Group appoints advisers
Aqua Restaurants Group has appointed advisers to help secure new investment as it seeks further international expansion
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Amber secures new backing and £100m growth fund
Amber Taverns, the c140-strong wet-led pub operator, has secured new investment from former Admiral Taverns’ backers, Ares Capital Management, MCA has learnt.
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Deltic acquires stake in Revolution
Deltic, the UK’s largest nightclub operator, has today acquired a small stake in Revolutions Bars Group
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Press London passes £1m crowdfund target
Press London, the cold pressed juice bar operator and wholesaler, has reached its £1m investment target on Crowdcube. The London based company, which has three retail stores in London, and a growing wholesale and online business, plans to let the fundraise un with 21 days to go. Press sells to ...
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Marston’s FY managed lfls up 0.9%
Marston’s has reported like-for-like sales in its managed division Destination & Premium, up 0.9% for the year to 30 September.
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NewsGK Pub Company lfls down 1.4% in H1
Greene King has reported on a challenging first half of the year in which like-for-like sales in its managed Pub Company division fell 1.4%.
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Low sugar products driving FY value growth for Britvic
Britvic has welcomed the return of value growth ahead of volume in the UK soft drinks market.
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Former Rift & Co team launch Moody Burgers crowdfund
Moody Burgers, the fledgling restaurant, bar and delivery concept founded by the team behind Rift & Co, will officially launch its Crowdcube campaign today, having already reached 47% from initial investors.
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Vital Ingredient reviews options
Vital Ingredient, the LDC-backed, healthy food-to-go concept, is reviewing its future funding options after receiving a number of approaches
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Patisserie Holdings waiting for group acquisition opportunities
Patisserie Holdings chairman Luke Johnson has told MCA that the c200-strong group is open to the possibility of a group acquisition, but is waiting for the right opportunity
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Shaftesbury: Demand for sites still outstripping supply
Landlord Shaftesbury has said that the West End still remains relatively unaffected by pressures on consumer confidence.
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Analyst corner: Jack on Revolution Bars Group
Leading sector analyst Douglas Jack at Peel Hunt has said that he expects Revolution Bars Group’s AGM to show c1% like-for-like sales growth
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NewsEiG completes £50m ‘Green Loan’ from Lloyds
Ei Group has become the first company outside the commercial real estate sector to complete a loan with Lloyds Bank’s Green Lending initiative, after securing a £50m facility.