Finance – Page 172
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Cairn Group acquires £75m hotel package
North East hotel and bar operator Cairn Group has acquired five former Hotel Collection properties for £75m
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Land Sec: We anticipate a weakening of net effective rental values
Land Securities has said that occupational demand for London space has dropped below the 10-year average whilst supply increased
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Private equity circles Rhubarb
A number of private equity groups have shown an interest in acquiring a stake in Rhubarb
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H1 revenues up at Center Parcs
Half-year revenue and profit climbed at holiday park operator Center Parcs
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Shake Shack Q3 sales up 2.9%
Shake Shack has reported that its same-Shack sales were 2.9% for the third quarter of 2016
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Carlsberg reports decline in Q3 revenue
Carlsberg has reported a 4% decrease in its net revenue to DKK17.53bn (£2.07bn) for the third quarter of the year
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Giraffe paid £8.75m for Ed’s Easy Diner
Giraffe acquired Ed’s Easy Diner, which at one point was valued at c£90m, for just £8.75m
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CPL acquires stake in UK Legion Marketing
CPL Training Group has entered into an agreement to acquire a 50% joint-venture share in UK Legion Marketing
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Tasty raises £9m to fund further Wildwood expansion
Tasty, the Wildwood operator backed by the Kaye family, has raised £9m via a new share placing to fund the further expansion
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Monty’s Deli crowdfunds for permanent site
Monty’s Deli, the south London Jewish deli market stall, has launched a £50,000 Kickstarter fundraising campaign to open its first restaurant, having already reached £30,000 in three weeks.
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Analyst corner: Brumby on JDW
Following its trading update yesterday, leading analyst Mark Brumby at Langton Capital reports on the subsequent JD Wetherspoon conference call
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Innis & Gunn raises £960k in 48 hours
Innis & Gunn has attracted 95% of its £1m crowdfunding target within 48 hours of launching.
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US investment vehicle acquires Chapman Group
Dominion Hospitality has acquired the Chapman Group, which owns and manages 28 hotels and pubs in the south of England
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Burger King seeks investment for UK arm
Burger King’s parent company has approached private equity firms about a deal to invest in its UK operations
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Total Q3 orders up 34% at Just Eat
Just Eat has said that total orders in its third quarter were 33.3 million, showing growth of 34% year-on-year on both a reported and like-for-like basis
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NewsWasabi secures new bank funding
Wasabi, the sushi and bento chain, has secured a new £25m bank loan from HSBC to help it open 20 new sites
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Analysts corner: Brumby on Punch
Jack Brumby, of Langton Capital, gives his view on why the market has consistently mispriced Punch. He explains that the UK’s second biggest pub operator has made great strides operationally, strategically and financially, which have yet to be fully recognised.
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AB InBev reports strong Q3 for UK
AB InBev has reported that in its third quarter UK volumes were up in single digits, driven by strong performances by Budweiser and Corona.
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NewsWBB to raise £4m to expand pub estate
West Berkshire Brewery is planning a £4.2m fundraise with the principal aim of expanding its fledgling Renegade Pub Company, MCA has learnt.
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C&C: “Variability in consumer demand” in H1
The chief executive of C&C Group has said the group saw “some variability in consumer demand” during the six months to 31 August.