Finance – Page 209
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NewsJDW Q3 lfls up 1.7%
JD Wetherspoon has reported like-for-like sales up 1.7% for the 13 weeks to 26 April and 3.6% for the year to date.
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Analysis & InsightWe want to be together
After a relatively slow start to the year, momentum behind M&A in the sector is starting to pick up, with the sales processes of La Tasca and Las Iguanas moving up a gear. Consolidation of the market place is high on the agenda
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News
Jack: Expect strong underlying trade for Marston’s H1
Leading analyst Douglas Jack, of Numis, has said he expects Marston’s to report strong underlying trade when it presents its H1 results next week.
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NewsTotal orders up 51% in Q1 at Just Eat
Just Eat has reported a 51% increase in total orders for the three months to 31 March 2015
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NewsGreene King FY lfls up 0.4%
Greene King has reported like-for-like sales up 0.4% for the 51 weeks to 26 April in its Retail division but said it had seen record Valentine’s Day sales of £4m and a 2.4% like-for-like increase over Easter.
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NewsEd’s FY EBITDA at £5.9m
Ed’s Easy Diner has reported diner EBITDA of £5.9m in the year to 30 September 2014, up from £2m the previous year
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News
Rollo: Expect flat H1 lfls at ETI
Leading analyst Jamie Rollo at Morgan Stanley says he expects Enterprise Inns to report flat H1 LfLs and EBITDA of £144m (-2%)
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NewsAnalyst corner: Collyer on Marston’s
Leading analyst Geof Collyer at Deutsche Bank forecasts that Marston’s will report strong sales growth across its Retail estate when it gives its H1 update
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NewsRollo: M&B needs a strong H2
Leading analyst Jamie Rollo at Morgan Stanley argues that M&B needs a much stronger H2 performance to meet full-year expectations
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NewsGeopolitical fears unsettle M&C20
The M&C20 was down 1.6% this week, while the All-Share index was 1.9% lower in a week where stocks were driven down largely by geopolitical worries
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NewsBrumby: It might be a “sticky update” for GK
Leading analyst Mark Brumby has said that it looks like it might be a “slightly sticky update” for Greene King next week
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NewsCollyer: Expecting muted Q3 lfl performance from JDW
Leading analyst Geof Collyer at Deutsche Bank said he is expecting a muted Q3’15E lfl performance from JD Wetherspoon due to tougher comps
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NewsCollyer: Acquisition to drive total sales growth at M&B
Leading analyst Geof Collyer at Deutsche Bank said he expects estate growth from acquisition to drive total sales growth at M&B
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Opinion
Exploit the value in property
It is easy for operators to fear the costs associated with property but, as Mark Sheehan of Coffer Corporate Leisure understands, there is money to be made and saved by knowing the market
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News
Nichols acquires stake in Noisy Drinks Co
Vimto owner Nichols has acquired a 49% equity stake in the £6.6m-valued The Noisy Drinks Co
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NewsJack: Expect JDW margins to keep falling
Leading analyst Doug Jack at Numis expects LFL sales at JDW to have slowed from H1’s level of 4.6%, to c.2% in Q3, with margins continuing to fall
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News
Bidvest acquires Channel Islands-based Cimandis business
Bidvest Foodservice International has announced the acquisition of Cimandis, which expands its operations in Jersey, Guernsey and Alderney
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NewsGreggs lfl up 5.9%, completes capital structure review
Greggs has this morning reported a 5.9% increase in like-for-like sales in the 16 weeks to 25 April
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NewsSpirit H1 managed lfls up 1.5%
Spirit Pub Company has reported a 1.5% increase in like-for-like sales across its managed division, with net sales up 4.5% and EBITDA up by 6% to £59.8m
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News
Analysts on Whitbread update and search for new CEO
Leading analyst Simon French at Cenkos has said that the departure of Andrew Harrison as chief executive of Whitbread probably delays any decision on the demerger of Costa