Finance – Page 214
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News
Minimum wage to increase by 3% to £6.70
The national minimum wage will increase by 20p an hour to £6.70 from October, the Government has announced.
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BB’s Coffee & Muffins sold in £7.1m deal
Telecoms billionaire Denis O’Brien has sold the c50-strong BB’s Coffee & Muffins chain to a group of investors led by Brentwood Investments
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NewsPrezzo plans sale & leaseback
Prezzo, the TPG Capital-owned restaurant group, is set bring a package of freehold sites on to the market as part of sale and leaseback proces
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MAMA considers options
MAMA & Company, the music venue and bar operator, is considering its options after receiving two unsolicited bids for the business
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NewsM&C20 storming ahead of All Share index
The M&C20 outperformed a falling market this week, losing 1.4% versus the All-Share which was down 2.4%. Since the M&C20’s inception in May 2013 the index has outperformed the wider market by around 30%
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NewsDealer corner: Sturdy on JDW
On the back of this morning’s half-year update from JDW, Lewis Sturdy, dealer at London Capital Group, said that “price wars mean margin injuries”
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NewsJDW H1 lfls up 4.5%
JD Wetherspoon has reported like-for-like sale growth of 4.5% for the 26 weeks to 25 January.
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NewsEssenden FY lfls up 6.6%
Essenden, the tenpin bowling operator, has reported 6% increase in like-for-like sales for the 52 week period ending 28 December 2014
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NewsShake Shack Q4 sales up 7.2%
Shake Shack saw same store sales increase 7.2% in the final quarter of 2014, with total revenue climbing 51.5% to $34.8m
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Krispy Kreme franchise sales grow 9% in Q4
Doughnut retailer Krispy Kreme has reported an increase in international franchise sales of 9% to $128m for its fourth quarter ending 1 February.
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Cap on card charges could lead to £500m saving
New payments legislation announced by the EU this week, will cut credit and debit card charges for operators, resulting in a boom for the sector
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NewsCineworld retail revenue up 2.2% for 2014
Cineworld has reported food and drink revenues up 2.2% to £89.3m for the year to 1 January, on a 52 week vs 52 week basis.
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News
Eagle Eye looks to raise £4m
Eagle Eye, the digital loyalty company for the retail and hospitality sectors, is raising £4m through a share placing
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NewsJack: Watering down the MRO option
Leading analyst Douglas Jack, of Numis, has said the impact of the market rent only option being included in the pubs code appears to be declining.
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News
Sales of pubs let to Stonegate top the £100m mark
The combined sale of a number of pub packages let to Stonegate Pub Company has topped the £100m
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NewsJDW confirms it bid for Sports Bar & Grill but denies valuations
JD Wetherspoon has confirmed its recent interest in Sports Bar & Grill, but denied the reported valuation and suggestions that it dropped its bid by £4m one day ahead of completion
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NewsH1 EBITDA up 15.8% at PizzaExpress
PizzaExpress has reported a 15.8% increase in EBITDA to £55m for the 28 weeks ended 11 January 2015, with turnover up 9.4% to £231m
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News
Camden Town Brewery breaks through crowdfunding target
Camden Town Brewery has broken through its crowdfunding target of £1.5m with 31 days of its funding round still to go.
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Signature Brew passes crowdfunding target
Signature Brew, the London-based music-themed brewery, has passed its crowdfunding target as it looks to raise funds to expand its brewing capacity
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NewsAnalyst corner: Rollo on Stonegate
Leading analyst Jamie Rollo at Morgan Stanley reports on a roundtable meeting with Stonegate Pub Company