Finance – Page 155
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News
Deltic lfls up 3.85%
The Deltic Group has reported that its like-for-like sales have increased 3.85% so far in its current financial year
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NewsDeltic retains interest in Revolution merger
The Deltic Group has said it is evaluating a possible cash offer for the entire issued and to be issued share capital of Revolution
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Whole Foods shareholders back Amazon takeover
Shareholders of Whole Foods have voted in favour of the upscale grocer’s acquisition by Amazone for £10.7bn.
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NewsStonegate and Revolution reach agreement on £101.5m deal
The boards of Stonegate and Revolution have announced that they have reached agreement on the terms of the recommended cash offer by the former for the latter
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Barburrito primed for more growth
Barburrito ”well-placed” to weather cost pressures with a stable estate and positive trading figures.
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BGF invests in Bob & Berts coffee chain
Bob & Berts is set for further expansion after securing a £2m investment from the Business Growth Fund (BGF)
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NewsYO! lfls up 6.5%
YO! Sushi has reported consistent like-for-like sales growth of more than 6.5% since the end of its financial year.
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Shake Shack UK revenue tops £10m
The parent company of Shake Shack UK saw its revenue top £10.7m in the year to 31 December 2016
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Analysts corner: Rollo on pub and restaurant spend
Leading analyst Jamie Rollo, of Morgan Stanley, has said all the metrics point to a continued demand from consumers to spend in pubs and restaurants. However, he insists question marks remain over how long this will be sustainable.
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NewsPunch deal to complete this month
The Competition and Markets Authority has accepted the latest undertakings from Heineken, paving the way clear for its acquisition of 1,900 Punch pubs.
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NewsAprirose secured £22m facility for M&B deal
Aprirose, the real estate investment company, secured a £22m facility from Metro Bank to facilitate its acquisition of 73 Mitchells & Butlers pubs last month.
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NewsAnalysts corner: Parson on Deltic/Stonegate/Revolution
Leading analysts Nigel Parson, at Canaccord, has described Deltic’s proposal to merge with Revolution Bars Group as offering “greater but more uncertain upside for Revolution shareholders” compared to the £100m cash offer from Stonegate.
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OpinionMarks’ theory on Revolution
Deltic Group chief executive Peter Marks talks to MCA about the group’s proposal to merge with Revolution Bars Group to create a 125-strong “powerhouse” late-night operator.
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NewsWasabi FY lfls up 8.1%
Sushi and bento chain Wasabi grew like-for-like sales 8.1% in 2016, with turnover growing 21.5% to £98.1m.
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NewsNewRiver announces £430m refinancing
NewRiver, the UK REIT which owns 350 pubs, has announced it has successfully arranged £430m of new unsecured debt facilities.
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News
Analysts’ corner: Jack on Domino’s
Leading analyst Douglas Jack, of Peel Hunt, has upgraded his 2018E and 2019E forecasts for Domino’s by £2m to reflect this morning’s announcement that it has entered into a partnership with its largest franchisee in London.
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NewsAnalyst corner: French on GK/TRG moves and Domino’s
Leading analyst Simon French at Cenkos comments on this morning’s people moves at Greene King and TRG
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NewsBrewDog closes US crowdfund after raising $7m
BrewDog has ended its year-long US crowdfunding push, having raised $7m of its target $50m.
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News
Payne acquires Chicago Rib Shack
Roger Payne, the entrepreneur behind the Camden Dining Group, is the new owner of the Chicago Rib Shack business
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MAD secures funding for further growth
Mark Andrew Developments is eyeing further expansion after securing a multi-million pound funding deal with Allied Irish Bank