Finance – Page 192
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News
The Cotswolds Distillery eyes IPO
The Cotswolds Distillery is closing in on its target of raising £500.5k through a crowdfunding push on Crowdbnk as it targets an eventual public listing
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Buenos Aires chain acquired in management buy-in
Buenos Aires Restaurants Holdings Ltd, a new company set up by Gareth Lloyd-Jones and Steven Hill, has acquired the six-strong Buenos Aires steakhouse chain
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NewsNando’s could double in size in the UK
Nando’s, the Capricorn Ventures-backed group, believes it can eventually double its current c350-strong estate in the UK
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Ed’s Easy Diner FY turnover up 39.3%
Ed’s Easy Diner has reported that turnover for the year to the end of September climbed 39.3% to £36.5m
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Enterprise scraps plans to amend bond terms
Enterprise Inns has scrapped plans to amend the terms on a number of bonds.
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Batram: Domino’s brand recognition growing in Poland
Leading analyst Nick Batram, of Peel Hunt, has said Domino’s brand recognition is growing faster than expected in Poland.
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Vianet grows H1 sales 7.7%, sells fuel solutions arm
Beerflow monitoring specialist Vianet has sold its fuel solutions business for £3.5m and said it will focus solely on its fuel and vending businesses.
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Analyst corner: Collyer on Marston’s
Leading analyst Geof Collyer at Deutsche Bank has said that following last week’s full-year update from Marston’s, he expects a relatively modest impact from the National Living Wage
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Chilango sets out growth plans
Chilango plans to use its new investment to kick start its strategy to open 50 sites across 20 UK cities by 2021
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AG Barr sees 3.9% rise in revenue
Soft drinks group AG Barr has announced a 3.9% rise in total revenue for the 18 weeks to 28 November compared to the same period last year.
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NewsChilango closes crowdfunding at £3.4m
Chilango has closed its latest crowdfunding round at £3.4m, with its largest investment of £400k coming in a day before the fund raising ended
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OpinionFunding growth
Santander’s Andrew Tully reflects on his experiences working with casual dining restaurant chains before, during and after the recession – how and why some strategies worked – and looks at financing options
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NewsFY pre-tax losses widen at Giraffe
Giraffe saw pre-tax losses for the year to 1 March 2015 widen from £147.1k to £4.06m, while turnover increased from £44.5m to £55m
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NewsAB InBev confirms plans to sell Grolsch, Peroni and Meantime
AB InBev has confirmed it intends to explore the sale of a number of SABMiller’s premium brands, including Peroni, Grolsch and Meantime.
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NewsCMA approves bowling merger
The Competitions and Markets Authority has approved the Original Bowling Company’s acquisition of Bowlplex.
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NewsLondon Union raises £2.5m toward expansion
London Union, parent company of Street Feast, has announced it has raised £2.5m on crowdfunding platform Seedrs
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NewsLiberation Group to review its options
Liberation Group has appointed advisors to review its options, which could lead to a sale of the business
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NewsFY pre-tax profit nears £5m at Turtle Bay
Turtle Bay, the Piper-backed Caribbean chain, saw FY pre-tax profit increase by 131% to £4.5m and turnover climb from £9.9m to £26m
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NewsPrivate investors take majority stake in Cubitt House
A group of private investors has taken a majority stake in Cubitt House, the four-strong, London-based gastropub operator, in a deal which is believed to value the business at c£25m to £27m
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Analysis & InsightAzzurri hails transformational year
The Azzurri Group, operator of ASK, Zizzi and Coco di Mama, has hailed 2015 as a transformational 12 months for the group, after reporting a 16.5% increase in EBITDA to £31.8m for the year to 28 June