Finance – Page 205
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News
Criterion placed in administration
Neo-Byzantine restaurant Criterion in London’s Piccadilly has entered the administration process
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Jack: New ETI strategy should have substantial long-term impact
Douglas Jack at Numis has said that Enterprise’s new strategy should have a substantial long-term impact on its earnings composition
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FY turnover up at Bitters ‘n' Twisted
Bitters ‘n’ Twisted Venues has reported a 10.7% increase in turnover to £5.7m across its six venues for the year ending 31 August 2014
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NewsQ3 lfl sales up 9.9% at Wagamama
Wagamama, the Duke Street Capital-backed chain, saw Q3 like-for-like sales across its 112-strong UK estate increase 9.9%
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NewsPatisserie Holdings directors sell c£15m-worth of shares
Directors in Patisserie Holdings have raised c£15m combined after yesterday selling 4.8 million shares in the company
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Hospitality earnings rise
Earnings in the hospitality sector have risen by 3.9% between February and April, outperforming much of the rest of the employment section
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NewsInnis & Gunn extends mini-bond after raising £2.5m
Scottish craft brewer Innis & Gunn has extended its min-bond by an extra month after raising £2.5m of its £3m target.
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New backer sought for Kornicis
The backer of Kornicis Group has appointed advisers to seek a new investor for the Jamies Wine Bar operator
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NewsFrench: GK retains the ambition to make further acquisitions
Leading analyst Simon French believes that Greene King retains the ambition to make further acquisitions
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Notes lowers crowdfunding valuation
Notes, which last month launched a fundraising drive on Crowdcube, has lowered its valuation by £1.5m
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NewsFrench: Frankie & Benny’s could lose volume
Leading analyst Simon French has said that he remains positive on TRG given good visibility on its rollout
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Jack: TRG expansion rate could reach 60+ new sites pa
Leading analyst Douglas Jack at Numis has said TRG’s self-financed expansion rate could reach 60+ new sites per annum in four to five years
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NewsGaucho set to assess options
Gaucho is believed to have appointed advisers to assess its options, which could lead to a sale of the business
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Analysis & InsightGrexit fears continue to cast shadow over M&C20 performance
The FTSE All-Share was unchanged this week, with the M&C20 finishing 0.2% lower, as investors’ fears regarding Greece undid a strong performance in the market mid-week,
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French: Increased competition to impact Domino’s
The UK home delivery market is becoming increasingly crowded which is likely to make it more difficult for Domino’s Pizza
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NewsAnalyst corner: French on M&B
Leading analyst Simon French believes that M&B is positioned to regain market leadership over the medium-term
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French: Expect strong growth for three years
Leading analyst Simon French, of Cenkos, has predicted pub and restaurant groups will see up to three years of above average earnings growth driven by like-for-like sales rising above inflation, new site openings, a benign cost environment and selective M&A.
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City Pantry raises £300k for growth
Online catering platform City Pantry has announced that it has raised £300,000 in a seed fund round led by TrueStart.
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‘Pub for tea’ concept launches crowdfunding drive
A concept backed by the co-founder of Franco Manca to create a chain of “pubs for tea” has launched a Crowdcube fundraising drive.
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NewsSchultz: Starbucks did the right thing on tax
Howard Schultz has said that people “shouldn’t believe everything you read in a newspaper” over the tax scandal that hit Starbucks