Finance – Page 221
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Analyst corner: Brumby on consumer spending
Leading analyst Mark Brumby at Langton Capital says that economic fundamentals strong, but spending not so much
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SSP lfls up 2.7% for Q1
SSP, the travel concessions operator, has announced like-for-like sales up 2.7% for the period 1 October to 31 December 2014.
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NewsTRG lfls up 2.8% for FY14
The Restaurant Group has reported a 2.8% increase in like-for-like sales for the year to 28 December with a 5% rise over the Christmas period.
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Tesco: Improved sales and new CEO for UK
Tesco has unveiled former Halfords boss Matt Davies as its new UK chief executive as it revealed improved trading figures for the end of 2014.
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Festive lfls up 15% at Liverpool One
Sales over the Christmas period were up 15% at Liverpool One, the northwest leisure and retail development, compared to the previous year with Boxing Day seeing lfls up 19% and catering sales up 8% year on year
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Lang predicts alternative funding boom in 2015
Luke Lang, co-founder of crowdfunding platform Crowdcube has warned that the UK risks a “lost generation” of young entrepreneurs who “are growing up thinking banks don’t lend”.
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Kornicis festive lfls rise 7%
Kornicis Group, the London-based bar and restaurant operator, has enjoyed record Christmas sales as it edges closer to new ownership, Nick Tamblyn CEO told M&C Report.
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Analyst corner: Brumby on pub & restaurant trading
Leading analyst Mark Brumby at Langton Capital takes a look at the performance of pub and restaurant groups over the festive season
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December lfls up 8% at LV
Living Ventures Group reported an 8% increase in like-for-like sales across its 38-strong estate in the five weeks to 4 January.
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Las Iguanas NYE lfls up 12.8%
Las Iguanas, the casual dining concept backed by Bowmark Capital, has reported New Year’s Eve like-for-like sales up 12.8% with a 7.8% hike over the Christmas fortnight.
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NewsUS hedge fund further strengthens Prezzo position
Aggressive US hedge fund Elliott International has further increased its stake in Prezzo, ahead of the vote this Friday on the restaurant chain’s proposed takeover
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NewsManaged operators embrace January sales
A number of managed pub companies are replicating high street shops by running January sales of their own
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NewsGrand Union lfls up 5.2%
Grand Union, the London-based bar group, saw like-for-like sales grow 5.2% in the eight months to November.
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NewsRollo: M&B a top pick for 2015, JDW a straggler
Leading analyst Jamie Rollo at Morgan Stanley has named Mitchells & Butlers (M&B) as one of his top share picks for 2015
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Jack: Tough winter for TRG but 2015 looks strong
Leading analyst Douglas Jack, of Numis, has maintained his Buy recommendation for The Restaurant Group despite predicting the company would report tough trading for November and December.
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NewsRollo downgrades ETI on back of MRO uncertainty
Leading analyst Jamie Rollo at Morgan Stanley has downgraded his Enterprise Inns rating from Overweight to Equal-weight
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NewsLiberation Group acquires Butcombe brewery
Liberation Group has secured a foothold on the mainland with the acquisition of Butcombe Brewery
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NewsFY sales up 5.5% at Gondola
Gondola Group has reported a 5.5% increase in sales across its restaurant estate in the year to 29 June 2014 to £579.3m
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Crowdcube hits £50m fundraising milestone
Crowdcube helped 100 businesses secure funding in 2014, nudging the total amount raised through the site since 2011 to £50m.
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Happy New Year for M&C20 Index
The M&C20 Leisure Index had a good Christmas and New Year, increasing in value by 2.7% to 1,255 over the festive period