Finance – Page 150
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NewsBakkavor scraps IPO
Bakkavor, the food service company and owner of PizzaStorm, has announced it will no longer proceed with its planned stock market flotation.
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News
Payne buys Blacks in Soho
Roger Payne, the entrepreneur behind the Camden Dining Group and recently acquired Chicago Rib Shack, has bought Blacks private members club in Soho.
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NewsIntu sees 2% rise in footfall in H2
Shopping centre landlord Intu has said football showed “encouraging strength” in the second half of the year to date, between 1 July and 2 November.
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NewsLoungers grows lfls 7.4%
Loungers, the Nick Collins-led, Lion Capital-backed group, saw like-for-like sales in the 24 weeks to 8 October grow 7.4%.
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News
Wok & Go launches crowdfunding campaign
PFC Group, the Wok & Go operator, has launched a crowdfunding campaign in order to open a flagship store in London
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News
Caledonia Investments sells Sloane Club for c£81m
Caledonia Investments has sold The Sloane Club in London for c£81m to Sloane Investments
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NewsRosa’s lfls up 9% in H1; eyes evolved regional model
Like-for-like sales at Rosa’s, the Thai cafe concept, are up c9% for the first half of the current financial year.
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NewsHousehold finances fall for fifth month in a row
Household finances declined for the fifth month in a row in August – for the first time in the eight years the measure has been tracked by YouGov.
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NewsBud Light drives AB InBev UK sales in Q3
AB InBev has reported top-line growth and strong momentum in its UK business for the third quarter.
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NewsC&C sees beer volumes fall in UK on-trade
Magners producer C&C Group has reported flat volumes in the UK for the six months to 31 August.
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OpinionAnalysts corner: Survival of the fittest
Leading analyst Douglas Jack, at Peel Hunt, says the story of investing in the leisure sector is “survival of the fittest”.
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News
Costa lfls up 0.1% in Q2
Like-for-like sales at Costa’s UK equity stores grew 0.6% in the six months to 31 August, slowing to 0.1% in the second quarter.
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News
City Pub Co acquired Parsons Green pub for £7.75m
City Pub Company acquired the Aragon House pub in Parsons Green for £7.75m
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News
Domino’s German JV to acquire Hallo Pizza for €32m
Domino’s German joint venture is to acquire 170-strong chain Hallo Pizza for €32m.
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News
BrewDog crowdfund may herald ‘sea change’ for sector
Crowdfunding experts have suggested that BrewDog’s £50m Equity for Punks campaign may represent a “sea change” in its use as a mainstream funding option.
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NewsBrewDog launches new £50m crowdfund
BrewDog has launched a fifth round of its Equity for Punks crowdfunding campaigns – with an aim of raising up to £50m.
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NewsRising food prices push up inflation to five-year high
Rising food prices were one of the main contributors to the Consumer Price Index (CPI) rate of inflation reaching a five year high of 3% in September 2017.
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NewsRevolution shareholders reject Stonegate bid
Revolution Bars Group shareholders have voted against Stonegate’s £101.5m bid for the company.
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NewsRevolution shareholders deal blow to Stonegate
Stonegate Pub Company’s proposed £101.5m acquisition of Revolution Bars Group, has been placed in doubt after just 54.72% of proxy votes from the latter’s shareholder were cast in favour of the deal.
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Opinion
Timing at the bar
It’s a buyer’s market out there at the moment, or so we are told, so why is one of the sector’s most influential and successful investors currently looking to sale his stake not one, but two, of his investments?