Finance – Page 219
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NewsGiggling Squid to begin new investment search
Giggling Squid is set to begin a beauty parade of advisors as it look to secure new investment to fund its next stage of growth with the sale of a minority stake
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NewsSports Bar & Grill sites achieve record sales
Bar Holdings Ltd, the owner of Sports Bar & Grill, has announced that all four of its restaurants with historical comparisons achieved record sales in 2014
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NewsUK positive amid poor McDonald's FY results
The UK bucked the global trend in McDonald’s FY results by delivering positive comparable sales and operating income results for Q4 2014
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NewsStrong trading across M&C20
The markets performed very strongly this week with the All-Share Index seeing a 4.9% gain to 1,065 points, outperforming what was a robust showing from the M&C20 which was up 3.3% to an all-time high of 1,301 points
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NewsUK leading the way for Starbucks in EMEA
Starbucks has announced that its business in EMEA delivered its most profitable quarter in the company’s history, with the UK outpacing the region overall
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NewsJoule’s to re-think Craft Beer Bars after mixed results
Steve Nuttall, managing director of Shropshire brewer and pub operator Joule’s has told M&C Report the company is re-evaluating its Craft Beer Bars concept after mixed results art two trial sites.
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NewsSpirit Leased to rollout turnover-based rent deal
Spirit Leased is to make its turnover-based rent deal the norm for new tenants and lessees as the company looks to move “from the Premier League to the Champions League”
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Brumby: JDW momentum has faltered
Leading analyst Mark Brumby at Langton Capital has said that JD Wetherspoon’s Q1 represented a strong performance in terms of sales
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Analysis & InsightFeeding a casual-dining demand
A year of rapid change in the casual-dining sector in 2014 is likely to be followed by even more activity in the year ahead, as group transactions continue unabated and consolidations fuel a pent-up demand. Cenkos Securities’ Simon French reports
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NewsJack: Prepare for chart break-out from Fuller’s
Leading analyst Douglas Jack at Numis has said that he expects Q3 like-for-like sales at Fuller’s to have remained strong
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NewsShake Shack to be valued at $568m
Shake Shack has said it expects its initial public offering to be priced at $14-$16 per share, valuing the company at up to $568m (£374.5m)
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Jack: Wetherspoon’s sales slowdown shows dangers of discounting
Douglas Jack, of Numis, has said the slowdown in Wetherspoon’s like-for-like sales increase in Q2, shows that the “downgrade momentum is with those trapped in discounting”.
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NewsJDW lfls up 2.8% in Q2
JD Wetherspoon saw like-for-like sales rise 2.8% for the 12 weeks to 18 January with the figure falling to to approximately 2% in December and slowing further in the last fortnight.
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NewsJack: M&B update to be “reasonably upbeat”
Leading analyst Douglas Jack at Numis says he expects Mitchells & Butlers’ AGM statement, which is due on 29 January, to be “reasonably upbeat”
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NewsJack: All Marston’s divisions to be positive
Leading analyst Douglas Jack at Numis has said that he expects trading at Marston’s to have remained positive across all its divisions
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Taylor St raises £1.8m
Taylor St Baristas, the coffee chain, has raised £1.86m through the UK’s first crowd-sourced “Coffee Bond”
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NewsGK managed lfls up 0.6%
Greene King has announced like-for-like sales up 0.6% in its managed pubs for the 36 weeks to 11 January, with sales up 2% for the festive period amid record breaking Christmas Day trading.
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Honest Burgers: Active has a long-term vision for the brand
Dorian Waite, co-founder of Honest Burgers, has told M&C Report that new backer Active Private Equity has a long-term vision for the brand, including targeting five to eight openings a year
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FY turnover up at Giggling Squid
Giggling Squid saw turnover for the year to 31 March 2014, climb to £4.5m, up from £2.7m in the previous 12 months, as it looks to step up its openings rate to seven or eight sites a year
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NewsWagamama turnover reaches £181m
Wagamama, the Duke Street Capital-backed noodle chain, saw turnover for the 12 months to November 2014 reach £181.1m, with unadjusted EBITDA of £26.3m