Finance – Page 194
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Cote backer acquires Italian restaurant group
BC Partners has acquired a majority stake in Italian casual dining group Cigierre, in a deal valued at €300m (£212m)
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Crowdfunder to raise £1m to expand
Crowdfunder, the fundraising platform for social enterprises, charities and businesses, has launched a £1m equity raise on Crowdcube to expand the business
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Miller Brands sees H1 NPR up 4.4%
Miller Brands, the UK and Ireland arm of SABMiller, has reported Net Producer Revenue up 4.4% for the six months to end of September.
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Thwaites reports “excellent” first half
Thwaites, the Lancashire-based pub operator, has reported an “excellent” first half to the year to the end of September
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NewsPunch unveils new operating formats
Punch Taverns has revealed details of its new operating models including a turnover based agreement, its first managed house and commercial free-of-tie arrangements as well as the potential to franchise out some of its concepts.
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NewsTRG lfls up 2%
The Restaurant Group (TRG) has this morning reported like-for-like sales ahead by 2% in the 45 weeks to 8 November
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NewsAB InBev and SABMiller seal deal
AB InBev has announced it has reached agreement with the board of SABMiller over its £68bn takeover.
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BrewDog launches Nordic crowdfund campaign
BrewDog has launched a crowdfunding campaign forSweden, Norway, Finland and Denmark for the continued expansion of BrewDog bars around the world
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Nuno Mendos to re-launch Viajante with crowdfunded campaign
Nuno Mendes, head chef at the Chiltern Firehouse, has launched a crowdfunding campaign on Seedrs to raise £1.75m to re-open his first Viajante restaurant in Wapping. Viajante is offering 33.3% equity for the investment for the business that is valued at £3.5m. Mendes has secured a new site in Wapping’s ...
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NewsMayfair agrees YO! deal; Hall to step down
Mayfair Equity Partners has confirmed it has acquired the controlling interest of YO! Sushi in a deal valuing the 91-strong business at £81m
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Downing invests c£4m in Upham
Upham Brewery has secured more than £4m in new funding from investment group Downing toward its continued growth
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Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley outlines key questions that he thinks investors could focus on in regards to JD Wetherspoon
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NewsRollo: GK facing possible dilution from pub sales
Leading analyst Jamie Rollo at Morgan Stanley has forecast that Greene King will report H1 revenues of £906m (+47%)
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Batram: Potential for momentum to increase at TRG
Leading analyst Nick Batram at Peel Hunt has said that the long-term dynamics of increased eating out should be positive for TRG
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Intu reports improving footfall
Intu, the shopping centre landlord, has reported that year-on-year footfall to date is marginally up in the UK. Announcing its trading update for the three months 6 November, the company said it was on target for a return to like-for-like net rental income growth for the year as a whole ...
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Q3 underlying net income down at MillerCoors
MillerCoors has reported lower third quarter underlying net income but higher net revenue per barrel. The company said that underlying net income declined 8.6% to $344.4m in the quarter versus the same period in the prior year, driven by lower volume and increased marketing investment, partially offset by lower cost ...
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Collyer: ETI entering brave new world
Leading analyst Geof Collyer at Deutsche Bank has said that Enterprise Inns is entering a brave new world where value should become clearer
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NewsBeany Green to open at Nova Victoria
Beany Green, the Australian-inspired restaurant and coffee shop, will open at the Nova development in Victoria as one of two sites for 2016 after hitting its funding target on Crowdcube in under 24 hours
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News Barnfather: JDW significantly exposed to labour inflation
Leading analyst Anna Barnfather at Panmure Gordon has said that JDW faces stiff competition from the surge in supply of casual dining chains
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AB InBev and SABMiller request further extension
The board of SABMiller has asked for a further extension to the deadline for talks over ABInBev’s proposed £68bn takeover of the brewer