Finance – Page 166
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Humble Grape plans four sites a year
Humble Grape, the London-based wine merchant and bar/restaurant operator, has confirmed it will launch a £1m crowdfund, as revealed by MCA in January.
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Q4 like-for-like sales up 3.7% at Network Rail
Network Rail has a reported that like-for-like retail sales at its managed stations grew by 3.7% in Q4 2016
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FY lfls up 7.1% at Cirrus
Cirrus Inns, the 20-strong pub group, saw like-for-like sales increase 7.1% in the year to 30 June 2016
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NewsPiper set to take stake in Flat Iron
Piper is in exclusive talks to invest in Flat Iron, the ‘single-steak’ dining concept led by Charlie Carroll
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Imbiba: Temper performing ahead of expectations
The Imbiba Partnership has revealed double-digit growth figures for its established brands and has said Neil Rankin’s Temper is its first start-up to outperform early expectations.
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NewsFY lfls up 4.2% at Greggs
Greggs has said that its ‘Balanced Choice’ range of healthier options now accounts for over 10% of sales
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NewsImbiba to launch UK-wide £50m growth fund
Imbiba is to launch a c£50m growth fund, which will see it partner with fledgling operators across the UK, MCA has learnt.
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Intu 2016 footfall up 1.3%
Shopping centre landlord Intu has reported footfall up 1.3% in 2016 with estimated retailer sales in its centres up 0.2%.
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Hammerson sees shopping centre footfall drop 0.5%
Shopping centre landlord Hammerson has reported a 0.5% fall in footfall in 2016 with retailer sales down 1.1%.
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Aqua Restaurant Group seeks new investment
Aqua Restaurant Group may seek outside investment to back its expansion plans
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NewsForesight in talks to invest in Mowgli
Foresight Group, the private equity firm, is in exclusive talks to take a stake in Mowgli, the Liverpool-based Indian street food restaurant
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NewsHeineken reveals plans for Punch pubs
Heineken is to review “a number” of initiatives operating across the Punch estate – including its Falcon retail contract programme – as it seeks to “keep the best of both worlds in the newly expanded estate”, MCA has learnt.
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NewsAll Star Lanes undergoes refinancing
All Star Lanes has undergone a £3.5m refinancing, which will aid further expansion, with two new sites already lined up
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NewsToridoll acquires £7m stake in Shoryu Ramen
Toridoll Holdings Corporation has acquired a 40% stake in Shoryu Ramen for £7m
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Heineken to buy Brasil Kirin
Heineken has reached an agreement to buy Brasil Kirin Holdings from Asahi for £565m.
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Azzurri completes refinancing
Azzurri Group, the operator of ASK Italian and Zizzi, has completed a refinancing that has seen a “significant upsizing of its senior debt facilities”
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NewsPunch shareholders back Heineken/Patron bid
Punch shareholders have overwhelmingly backed the Patron/Heineken bid to acquire the company in a deal valuing the UK’s second biggest pub company at £1.8bn.
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Analyst corner: Irvine-Fortescue on Greene King
Mark Irvine-Fortescue, analyst at Panmure Gordon, looks at this morning’s Q3 trading update from Greene King
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Crowdcube investments up 20% since Brexit
Crowdcube has reported a 20% increase in investment since the Brexit vote.
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Upham secures new funding deal
Upham Group has secured a new £8.5m funding deal from HSBC to help with its continued expansion