Finance – Page 167
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Bill’s FY tops £110m
Bill’s saw turnover climb 20.5% to £110.5m in the year to the end of July 2016, with EBITDA increasing 8.9% to £13.5m
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Patron acquires 28% of Punch ahead of takeover vote
Patron Capital has acquired 28.5% of the ordinary shares in Punch ahead of this week’s vote on its joint bid with Heineken to acquire the pubco.
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Pacha set for expansion after securing new investment
Pacha Group, operator of the iconic eponymous Ibiza super club, is set for further expansion after securing new investment
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NewsKout confirms Little Chef sale to Euro Garages
Kout Food Group has confirmed the sale of its Little Chef portfolio to Euro Garages.
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O’Riordan joins Piper’s advisory panel
Jane O’Riordan, who is currently managing director of Yellowwoods Associates, has joined the advisory panel of Piper
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NewsThe DRG’s FY turnover up 12.4%
The DRG has unveiled plans for an £8m aparthotel in Glasgow city centre as it posted record annual results
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Charles Wells FY turnover up 2.5%
Charles Wells saw turnover rise 2.5% in the year to October 2016 to £193.7m.
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Britvic UK revenue up 2.2% in Q1
Britvic has reported a 2.2% increase in revenue in the first quarter to 25 December, citing growth in foodservice channels and particularly Subway as a key driver.
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Panmure – TRG: Kitchen-sinking or sinking kitchens?
Leading analyst Mark Irvine-Fortescue at Panmure Gordon has said additional pressure is being placed on the ‘transformation programme’ at TRG
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NewsWhitbread 'ready to pull lever' on price rises
Whitbread chief executive Alison Brittain has said the group is a in a position to “pull the lever” on price increases if necessary
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NewsTesco/Booker deal ‘good for eating out sector’
The Tesco/Booker merger could have positive long-term impacts on the eating and drinking out sector, a leading analyst has predicted.
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Hands to acquire McDonald’s Nordic operations
McDonald’s has announced it has agreed to sell its Nordic operation to Guy Hands
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Hickory’s FY turnover tops £14m
Hickory’s Smokehouse saw FY turnover climb from £12.8m to £14.4m
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Tesco and Booker agree merger
Tesco and Booker have announced they have agreed terms on a merger to create the “UK’s leading food business”.
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Restaurants help boost strong UK GDP for 2016
UK GDP increased by an estimated 0.6% in Q4 2016, driven by a strong performance in the service sector, with hotels and restaurants singled out for performing particularly well, according to the latest data released by the ONS.
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SSP reports “good start” to its financial year
SSP, the travel concessions operator, has reported that it enjoyed a ‘good start to the year’
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Panmure: Expect estate rationalisation at TRG to feature highly
Analyst Mark Irvine-Fortescue at Panmure expects estate rationalisation to feature highly for TRG over the coming year
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Whitbread Q3 lfls up 1.7%
Whitbread has reported a 1.7% increase in like-for-like sales across its entire estate for the 13 weeks to 1 December
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French: Remain confident TRG has skillset to take stabilise
Leading analyst Simon French at Cenkos remains confident that TRG has the skillset to make the necessary remedial action to stabilise profitability