Finance – Page 156
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NewsChicago Rib Shack placed into administration
Chicago Rib Shack, the Christian Arden-led restaurant concept, was placed into administration last month
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NewsStreetDots secures further funding
StreetDots has secured a further £500k in funding as it looks to expand its network from 50 to 200 in the next twelve months
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NewsKFC and Pizza Hut report UK sales growth
KFC and Pizza Hut both saw sales growth in the UK for the second quarter to 30 June.
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NewsMolson Coors Europe volumes up 11.5%
Molson Coors has reported brand volume up 11.5% in Europe for the second quarter to 30 June.
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NewsTossed grows FY turnover 14.2%
Tossed, the healthy food-to-go operator, saw turnover grow 14.2% to just over £10m in the year to 31 March 2017.
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News
Applegreen acquires seven UK sites for £21m
Applegreen, the Ireland-based forecourt operator, has acquired a package of seven sites from the Carsley Group for £21m.
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News
Analysts corner: Jack on GK
Leading analyst Douglas Jack, of Peel Hunt, explains why he believes investors are taking an unnecessarily downbeat of Greene King’s shares.
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News
Lfls up 7.6% at Loungers
Loungers has reported a 7.6% increase in like-for-like sales for the 14 weeks to 30 July
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News
Government urged to ditch ‘outdated’ RPI measure
The ALMR has called on the Government to bring forward the use of CPI as the principal measure of inflation to 2020.
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NewsGreggs H1 lfls up 3.4%
Greggs has reported like-for-like sales in its company-managed stores up 3.4% for the 26 weeks to 1 July.
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OpinionIn the mixer
When Revolution Bar Group’s shares plummeted nearly 40% back in May it felt very much like a case of when, rather than if, Stonegate Pub Company would make its move for the Mark McQuater-led bar chain. With that steep decline in share price in mind, Stonegate’s 200p a share offer looks likely to lead to a positive outcome for all involved
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NewsStonegate makes £100m bid to acquire Revolution Bars
Revolution Bars Group has confirmed it has received a conditional proposal from Stonegate to acquire the company , which values it at c£100m.
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News
Heineken H1 beer volumes up 2.6%
Heineken has reported consolidated beer volume up 2.6% for the first half of 2017 with growth in all regions.
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News
Jack: Demand is shifting away from in-restaurant dining
Leading analyst Douglas Jack at Peel Hunt has said that demand and supply growth within the full-service restaurant market is moving into negative territory
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Analysis & Insight
Consumer confidence lowest since Brexit vote
Worries about the economic outlook and a squeeze on household budgets has dented consumer confidence
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NewsM&B year-to-date lfls up 2%
Mitchells & Butlers saw like-for-like sales grow 2.6% in the 10 weeks to 22 July.
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NewsEuro Garages invested £16m on Little Chef deal
Euro Garages spent c£16m acquiring the Little Chef business from the Kout Food Group earlier this year
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NewsDiageo grows FY sales 3% in the UK
Diageo saw net sales in the UK grow 3% in the year to 30 June.
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News
Intu lfls rental income down 1.5% in H1
Shopping centre landlord Intu has reported like-for-like rental income in the six months to 30 June down 1.5% but insisted it remains confident of a turnaround in H2.
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NewsJust Eat orders up 24% in H1
Just Eat has reported revenues up 44% to £246.6m and underlying EBITDA up 38% to £73.6m, in its interim results for the six months ended 30 June 2017.