Finance – Page 193
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News
Analyst corner: Collyer on M&B
Leading analyst Geof Collyer at Deutsche Bank believes that the Mitchells & Butlers (M&B) supertanker has finally turned the corner but estimates that progress to full steam ahead is 18-24 months away
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Analysis & Insight
Sector snapshot: Turning investors’ heads
The proliferation of the eating-out sector is attracting increased interest from investors, but gaining their attention and cash requires more than just a great idea, four leading investors have revealed
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NewsSSP FY lfls up 3.7%
Travel food concession operator SSP has reported like for like sales up 3.7% for the 12 months to 30 September driven by growth in air passenger travel and retailing initiatives
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News
Deliveroo raises $100m to expand beyond Europe
Deliveroo has raised a further $100m (£66m) from a group of venture capital funds to fuel its international expansion
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News
Lifestyle Hospitality launches £500k crowdfund
Lifestyle Hospitality Group has launched a crowdfunding push to raise £500,000 for the expansion of its better burger brand, Burgerfest.
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News
French: Acquisitions to feature on M&B’s agenda
Leading analyst Simon French has said that given the impressive progress made with the integration of Orchid, acquisitions will feature on M&B’s agenda
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NewsBatram: PV update should make pleasant reading
Leading analyst Nick Batram at Peel Hunt has said that the second full-year update as a listed company from Patisserie Holdings should make for “pleasant reading”
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Analysis & InsightAnalyst corner: Rollo on alcohol consumption
Research from Morgan Stanley shows that the trend in declining UK alcohol consumption has recently slowed and suggest that wet-led pubs now appear to be outperforming food-led pubs
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Analysis & InsightFollowing the crowd
Crowdcube founder Luke Lang shares his tips on what makes a pitch stand out and give his insight into who and what drives the funding process. At the sames time, the founders of Chilango, Sourced Market and Square Pie share their crowdfunding experiences
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NewsNetwork Rail Q3 retail sales up 4.47%
New retail sales results from Network Rail’s managed stations revealed that 63.2 million people – almost equivalent to the entire UK population – visited a station retailer between July and September
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NewsGBK denies sale process speculation
GBK, the Capricorn Ventures-backed chain, has denied speculation that it is at an early stage of reviewing its options regarding its future ownership
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News
Urban Outfitters acquires pizza chain
Urban Outfitters has become the latest retailer to enter the eating-out sector after acquiring the Vetri Family restaurants group
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News
Rollo: Key questions for ETI management
Leading analyst Jamie Rollo, of Morgan Stanley, has posed some key questions for the management of Enterprise Inns, which yesterday gave an update on the overhaul of its business.
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News
NewRiver: H1 most active period yet
NewRiver Retail, which owns 360 pubs across the UK, has said the six months ended 30 September was one of its most active periods since its inception.
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News
BGF seeking balanced portfolio
The Business Growth Fund (BGF) has not ruled out making further investments in the UK’s hospitality sector
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News
Risk takes stake in Small Batch Coffee Co
Risk Capital Partners, Luke Johnson’s private equity vehicle, has acquired a majority stake in the Small Batch Coffee Company
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NewsD&D gears up for IPO
LDC, the private equity group which bought a controlling stake in D&D Restaurants in 2013 for c£50m, is this week kicking off a roadshow to sound out investor appetite for a public listing
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NewsBGF takes stake in Giggling Squid; Kossoff to chair
Giggling Squid is set to accelerate its expansion plans after confirming that the Business Growth Fund has taken a significant minority stake in the business
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News
Press secures growth fund
Press has received private equity funding to open further sites in London and to ramp up the retail side of its business
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News
Conviviality buys Peppermint events company
Conviviality, the Bargain Booze operator, has agreed heads of terms to acquire the majority stake in bars and events company Peppermint