Finance – Page 211
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NewsAnalyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects Q3 LfL sales growth of 1.5-2.5% from JD Wetherspoon
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NewsM&C20 dips following stellar week
In what was a relatively quiet week for listed leisure companies, the M&C20 underperformed the market, falling 1.5%, while the All-Share Index was up 0.5% as the wider market rose on oil price moves and geopolitics
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NewsEAT reports 4.5% LFLS following 2014 loss of £26.3m
EAT, the Lycium Capital-backed group, has reported improvement in its sales and performance after its losses doubled to £26.3m for the 12 months to 26 June 2014, up from £12.3m year on year
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NewsFrench: Not possible to justify Domino’s share rating
Leading analyst Simon French has issued a ‘Sell’ note on Domino’s shares and said it was “not possible to justify the group’s current valuation”
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NewsEconomic recovery not hitting pubs
With the UK’s economy enjoying consecutive growth and spending rises in the restaurant and hotel sectors coupled with an increase in disposable household income, leading analyst Jamie Rollo at Morgan Stanley muses why pubs have not felt the benefit of this improved climate.
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Jack: Expand and prosper
Douglas Jack, of Numis, has named Mitchells & Butlers, Marston’s, Domino’s, Punch Taverns and The Restaurant Group as his top picks for the leisure sector in the rest of the 2015 financial year.
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Collyer: ETI will emerge stronger from Pubs Code
Geof Collyer, of Deutsche Bank, has predicted Enterprise Inns will emerge from the aftermath of the Pubs Code as a “much more vigorous property manager” with more control over its business and achieving a greater proportion of income from fixed rent.
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NewsWrap It Up! confirms Adobo deal; achieves funding target
Wrap it Up! has confirmed it has acquired the three-strong Mexican burrito chain Adobo for an undisclosed cash sum
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NewsWrap it Up! acquires Adobo
Wrap it Up! has further strengthened its London estate with the acquisition of the three-strong Mexican burrito chain Abodo
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NewsAnalyst corner: Rollo on Whitbread
Leading analyst Jamie Rollo at Morgan Stanley says he expects Whitbread to report strong FY results as it raised PBT guidance to the top end of consensus
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WSH secures new UBS deal
Westbury Street Holdings has signed a new five-year deal UBS to provide food and front of house services across its London estate
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NewsBouyant performance across leisure sector
The M&C20 marginally underperformed the All-Share this week rising 3.0% (to 1,378 points) versus the All-Share’s 3.2% rise (to 1,107 points). The wider market saw a strong performance in oil and mining stocks as the All Share ended the week above 7,000 points once again
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NewsByron breaks £50m turnover mark
Byron saw full year turnover in the 12 months to 29 June 2014 break through the £50m mark, rising to £55.2m
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NewsPrezzo package sold for £10m
OLIM Property Limited has acquired eight restaurants in a sale and leaseback transaction with Prezzo for a price in excess of £10m
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Crowdcube says £24m invested in Q1
A total of £24m was invested through crowdfunding site Crowdcube in the first three months of 2015.
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Camden Town reduces valuation after securing investment
Camden Town Brewery has reduced its valuation on Crowdcube by £25m after securing investment from a “small group of investors”.
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NewsFY sales at LV nudge £80m
Living Ventures Group, the Tim Bacon-led restaurant and bar operator, saw sales increase 24% to c£80m in its most recent financial year
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NewsLeon hails momentous year
Leon has reported a 23% rise in like-for-like sales for the 12 months to 28 December 2014, a year it described as “momentous
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NewsFY lfls up 10% at Be At One
Be At One is set to establish a national presence over the next 12 months, after seeing like-for-like sales increase 10% in the year to 29 March 2015
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NewsOperators on Q1 trading
Operators including Azzurri Group, Bill’s, Cote, New World Trading Company, Pho and Leon give their views on how trading has gone over the first three months of the year