Finance – Page 196
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News
Rollo: Blurring format boundaries an opportunity and threat
Leading analyst Jamie Rollo at Morgan Stanley has said that the blurring of the boundaries between formats is an opportunity as well as a threat for Greene King
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NewsGreene King to reduce number of brands
Leading analyst Jamie Rollo at Morgan Stanley believes that Greene King’s main thrust for achieving revenue synergies on the back of its acquisition of Spirit will come from simplification and improvement of its brands
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News
Pernod Ricard reports sales up 3% in Q1
Pernod Ricard has reported organic sales growth of 3% for the first quarter to €2.2bn.
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News
Ells: Chipotle London Wall is breaking records
Steve Ells, chairman of Chipotle, has revealed that the group’s latest site in the UK, at London Wall, has been breaking peak hour throughput records
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NewsDabbous raises expansion fund
Ollie Dabbous has secured over £3m of funding as he looks to open further sites in London
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News
TDR backs EuroGarages in £1.3bn deal
EuroGarages has secured the backing of investment firm TDR Capital in a deal which values the business at £1.3bn
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NewsCosta H1 lfls up 4.4%
Costa Coffee grew like-for-like sales in the UK by 4.4% in the six months to 27 August
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Analysis & InsightThe ingredients for success
What is the secret of a successful restaurant roll-out? Private equity firm Bowmark Capital recently achieved nearly four times cost with its sale of Las Iguanas. Bowmark partner Ron Pearson explains the background to the deal and looks at what made that investment so lucrative
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News
Small turnover rise at Wellington
Free-of-tie pub operator Wellington Pub Company has reported a slight rise in turnover and small dip in pre-tax profits.
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NewsLe Bistrot Pierre reviews its options
Le Bistrot Pierre has appointed advisors to review its options, which could result in the sale of a significant stake in the business that is valued at between £20m-£25m
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News
Booker non-tobacco lfls up 0.6% in H1
Wholesaler Booker Group has reported like-for-like non-tobacco sales up 0.6% for the 24 weeks to 11 September.
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NewsUK Q3 lfls up 14.9% at Domino’s
Domino’s Pizza has reported a 14.9% rise in third quarter like-for-like sales, with system sales up 20.7% to £200m.
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News
USS acquires Moto
Universities Superannuation Scheme Ltd (USS) has announced it has reached two separate agreements to acquire 100% interest in the Moto Group, the largest motorway service station operator in the UK, for an undisclosed sum. The UK’s largest pension fund has entered into a definitive agreement to acquire 82.5% interest in ...
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News
AMT returns to profit
AMT, the travel hub coffee concession stand, has returned to profit despite reporting a fall in turnover for the 12 months to 28 December 2014
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News
Red Mist lfls up 16.5%
Red Mist Leisure, the Surrey-based managed pub operator, has reported like-for-like sales up 16.5% for the year to 31 May and is eyeing further expansion
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NewsSquare Pie closes fundraising at £681k
Square Pie, the pie & mash restaurant operator, has completed its fundraising round after raising £681,500 through online crowdfunding platform Crowdcube
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NewsSABMiller board accepts AB InBev takeover bid
The board of SABMiller has provisionally accepted a £67bn takeover bid by AB InBev.
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News
Barnfather: Pressure building on Whitbread
Leading analyst Anna Barnfather, of Panmure Gordon, has said that Whitbread’s growth story is shifting further towards capex-heavy room expansion, increasing the capital intensity of its business model, raising debt levels and lowering returns.
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Analysis & Insight
World Cup boosts consumer spending
Consumer spending growth regained some of the ground it lost over the summer in September, growing 3.7% year-on-year, helped by the start of the Rugby World Cup.
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Analysis & Insight
Household spending slows in September
Visa’s consumer spending index – which looks at total spending, not just that on credit cards – showed spending post a lift of 1.8% in September compared with the same month last year.