Finance – Page 210
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News
Jack issues Buy for RBG
Leading analyst Douglas Jack at Numis says he expects Revolution Bar Group (RBG) to add five sites each year from 2017 to bring reach 140 venues in 16 years with an initial weighting towards Revolución de Cuba
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News
Downing to raise £20m for Pub Fund
Downing is seeking to attract new operating partners as it looks to raise between £20m and £40m through EIS.
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NewsWhitbread FY lfls up 6.5%; Harrison to step down as CEO
Whitbread has announced a 6.5% rise in full year like-for-like sales and announced it has commenced a succession process with current chief executive Andrew Harrison set to retire by the end of its next financial year
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NewsPunch shares up in flat market
The M&C20 slightly outperformed the market this week, rising 0.6% vs the All-Share’s 0.1% rise. The wider market was held back by financial stocks and a sharp downward move by the food retailers following Tesco’s numbers on Wednesday
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NewsRollo: Expect 25% EBIT hike for SSP
SSP is expected to report H1 EBIT up 25%, according to leading analyst Jamie Rollo, of Morgan Stanley. He said that when SSP reveals its results on 21 May it will show strong margin growth offsetting fairly weak organic sales. He said this, plus the recent flurry of contract wins, should continue to support the shares, despite their relatively high valuation.
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News
Analyst corner: Rollo on M&B
Leading analyst Jamie Rollo at Morgan Stanley says he expects like-for-like sales growth at Mitchells & Butlers (M&B) to have slowed to 1% when it reports its H1 results in 21 May. He warned that M&B will need to deliver a much stronger performance in the next six months to meet full-year targets.
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News
Staycations to inject £56bn into UK economy
Brits choosing to holiday at home are expected to spend more than £56bn in the UK this summer including an average per person of £250 on eating and drinking out
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Analysis & Insight
New wave of M&A expected as deal appetite hits five-year high
The mergers and acquisitions (M&A) market is primed for further growth as a striking 56% of global companies intend to acquire in the next 12 months
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NewsMcDonald’s global lfls fall again
McDonald’s has reported global like-for-like sales down 2.3% in the quarter ending 31 March.
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News
Heineken reports weaker volumes in UK for Q1
Heineken has said the UK saw weaker volumes in the first quarter of 2015 because of “challenging market conditions”.
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NewsAnalysts: Punch in positive territory
Analysts have given their response to Punch taverns H1 numbers this morning.
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News
Camden Town Brewery fundraising closes at £2.7m
Camden Town Brewery has closed its fundraising round on Crowdcude after raising £2.7m from 2,320 investors
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News
Vianet:H2 trading has been satisfactory
Vianet Group has said that trading for the second half of the year has been satisfactory as anticipated
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NewsChipotle breaks $1bn sales barrier for single quarter
Sales at Chipotle broke the $1bn barrier for the first time in a single quarter in the three months to the end of March
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NewsPunch core estate lfls up 0.5% in H1
Punch Taverns has reported a 0.5% rise in like-for-like income in its core estate for the 28 weeks to 7 March 2015 and EBITDA down from £108m for the period last year to £105m this year.
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News
Fulham Shore board agree Franco Manca deal
The board of Fulham Shore has agreed the acquisition of the Franco Manca pizza chain for c£27.5m.
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News
TOBC lfls up 6%, new concept finalised
The Original Bowling Company, the Electra Partners backed firm, is to open the first new site featuring its full revised format, chief executive Steve Burns has told M&C Report.
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NewsPret lfls up 9.7% for FY14
Pret A Manger has reported a 9.7% rise in like-for-like sales in the 52 weeks to 1 January.
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NewsRiver Cottage & Chilango serve up interest payments
The first interest payments have been served up to investors who bought one of the world’s first crowdfunded mini bonds last year
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News
Flavourly closes oversubscribed funding campaign
Flavourly has closed its campaign on Crowdcube having raised £515,000 through the crowdfunding platform