Finance – Page 176
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NewsBarnfather: TRG investors will need more reassurance
Leading analyst Anna Barnfather at Panmure Gordon has said that investors in The Restaurant Group (TRG) will require further reassurance before the group’s stock can re-rate
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Pronto to shut down
Pronto, a London-founded healthy food delivery startup, is shutting down after running out of funds to sustain itself
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Adjusted H1 EBITDA up 91% at Everyman
Everyman Group, the growing cinema chain, has reported a 91% increase in adjusted EBITDA for the six months to the end of June 2016
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Prezzo FY revenue up 13%
Prezzo, the TPG Capital-backed restaurant chain, has reported revenue for the year to 3 January up 13% to £213.8m.
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Caledonia completes Liberation acquisition
Caledonia Investments has completed its £118m acquisition Channel Islands-based brewer and pub operator, the Liberation Group.
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Kings Park takes stake in 7Bone Burger Co
Kings Park Capital, the private equity backer of Abokado and Fuel Juice Bars, is to back the expansion of 7Bone Burger Co
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Adjusted H1 EBITDA up 9.2% at Comptoir
Comptoir Group, the operators of Comptoir Libanais, has reported a 9.2% rise in adjusted EBITDA to £1m for the six months to 30 June
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Analyst corner: Brumby on over-expansion & fabricated demand
With The Restaurant Group and Ed’s Easy Diner having said that they are to dispose of units, leading analyst Mark Brumby at Langton Capital says the pair are unlikely to be the last operators to trim their estates
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Paul UK lfls up 3.5%
Paul UK, the French bakery and café brand, has seen like-for-like sales increase 3.5% in the year to date
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Tabun Kitchen eyes nine sites in next three years
Tabun Kitchen, which aims to be the first casual Palestinian chain, is seeking £200,000 investment to kickstart a growth plan of opening nine new outlets over the next three years.
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NewsWagamama Q1 lfls up 9.8%
Wagamama has reported a 9.8% increase in like-for-like sales in the first quarter of its current financial year
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Applegreen signs deals with global health chain
Increased food sales helped Applegreen to grow profit in the first half of the year, as it opened its first site in partnership with Freshii
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C2 sees FY sales rise 5%
C2 Investment Ltd, owners of Lancaster Brewery and a number of venues across Lancashire and Cumbria, saw sales increase 5% to £5.75m in the year ending January 2016.
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NewsFrench: Marston’s has potential to unlock further value
Initiating coverage of Marston’s, leading sector analyst Simon French at Cenkos says that the pub operator and brewer offers the fastest earnings growth and the highest dividend yield in the pub and restaurant sector
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Ex-All Star Lanes CFO launches £600k crowdfund for café concept
Fledgling café concept, Temptations, which was co-founded by former All Star Lanes chief financial officer Graham Harris, has launched a £600,000 crowdfunding campaign to fund a planned growth of 11 sites over the next four years.
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NewsSABMiller to split shareholder vote on AB InBev deal
The UK High Court has backed a proposal to exclude SABMiller’s two largest shareholders from a vote on the proposed £79bn by AB InBev.
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Gail’s parent company reports 41.5% rise in FY revenue
Bread Holdings saw revenue increase by 41.5% to £63.8m in the year to 29 February 2016, driven by growth in both its retail and wholesale businesses
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French: McCue appointment has reduced pressure on TRG board
Analyst Simon French at Cenkos has said he expects TRG to confirm the disposal of up to 40 sites and the removal of up to £5m head office costs
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Burton Bridge Brewery up for sale
Burton Bridge Brewery has been put up for sale after the founders decided to retire.
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NewsFY EBITDA up 57% at Pizza Hut Restaurants
Pizza Hut Restaurants, the Rutland Partners-backed group, has reported a 57% increase in EBITDA to £24.7m for the year to the end of November 2015