Finance – Page 184
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Porky’s to treble in size in three years
Porky’s, the Memphis barbecue concept, is aiming to treble its estate in the next three years as it launches a crowdfunding campaign valuing the business at £8m.
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Faucet Inn sees FY rise in sales and profits
Faucet Inn saw pre-tax profits more than double in the year to 25 July 2015, with turnover rising from £9m to £10.3m.
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Martin makes Vote Leave donation
Tim Martin, founder and chairman of JD Wetherspoon, has donated £200,000 to the campaign for the UK to leave the EU
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Krispy Kreme to be taken private
Krispy Kreme is to be taken private by JAB Holdings, which is controlled by Germany’s Reimann family, in a deal valued at $1.35bn
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Altium merges with GCA Savvian Corporation
Altium has announced it has entered into a definitive merger agreement with GCA Savvian Corporation, a global investment bank
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NewsGreggs lfls up 3.7%
Greggs has reported like-for-like sales at its company-managed stores up 3.7% for the first 18 weeks of the year.
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FY lfls up 6.3% at PAUL UK
PAUL UK, the French bakery and café brand, saw group turnover climb 17% to £28.7m in the year ended 31 December 2015
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NewsAnalysts corner: Brumby on JDW vs TRG
Mark Brumby, of Langton Capital, compares the fortunes of JD Wetherspoon and The Restaurant Group over a ten-year period and declares “I think we have a winner”.
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Curzon enters JV with Avignon Capital
Avignon Capital has announced it has entered into a joint venture with Curzon Cinemas to fund the next stage of the upmarket chain’s expansion in the UK
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NewsThai Leisure Group to consider options
The Thai Leisure Group (TLG), operator of the Chaophraya and Thaikhun brands, is believed to be gearing up to consider its options
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FY turnover up 15% at 3Sixty
3Sixty Restaurants saw turnover for the year to the end of March 2016 climb 15% to £17.4m, as its looks to further expand into the pub sector
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AB InBev UK growth driven by Stella and Corona
AB InBev has reported Q1 growth in “the low single digits” for its UK market.
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Q3 lfls up 3.8% at JDW
JD Wetherspoon has this morning reported that like-for-like sales increased by 3.8% in the 13 weeks to 24 April 2016
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NewsWhitbread enters food to go sector with Pure acquisition
Whitbread has made a move into the UK’s food-to-go sector with the acquisition of a 49% stake in London based company, Healthy Retail Ltd, trading as ‘Pure’, for £6.8m
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Just Eat UK sales up 40%
Online ordering platform Just Eat has said UK orders are up 40% year-on-year, as it reported total like-for-like sales for the three months to 31 March up 41%.
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Analysts corner: Brumby on TRG
Mark Brumby, of Langton Capital , gives a rundown of the analysts call for the Restaurant Group, this morning, calling it “as bad a conference call as we have heard in many, many years”
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AB InBev submits further asset commitments toward SABMiller deal
AB InBev has submitted an updated package of commitments to the EC to address potential regulatory considerations over its acquisition of SABMiller
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Adnams: Underlying trends remain good
Suffolk brewer and pub operator Adnams has this morning reported that underlying trends across its business remain good
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French: Inevitable that PE will seek to consolidate existing TRG operations
Leading analyst Simon French at Cenkos has said he thinks it is now inevitable that private equity will seek to consolidate The Restaurant Group’s existing operations