Finance – Page 225
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News
FY lfls up 3.3% at SSP
SSP, the global travel concessions operator, has reported a 3.3% rise in like-for-like sales for the year to 30 September 2014
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News
Hotel du Vin & Malmaison being prepared for sale
KSL Partners, the US private equity owner of Hotel du Vin and Malmaison, is preparing to put the business up for sale two years after its former parent collapsed into administration
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News
Tiger Bills secures Australasia deal
Tiger Bills, the Lifestyle Hospitality Group Thai-grill restaurant, has signed a franchise agreement for Australia and New Zealand that will see eight restaurants opening in the next five years across the region
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News
Collyer: Expect “muted” Marston’s results
Leading analyst Geof Collyer has predicted “muted” full year results from Marston’s tomorrow and issued a hold recommendation.
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News
FY revenue up 4.1% at Compass
Compass, the global contract caterer, has this morning reported organic revenue growth of 4.1% to £17.1bn for the year ended 30 September 2014
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Analysis & Insight
One in four plans to spend less on eating and drinking out this Christmas
One in four people intend to spend less on eating and drinking out this Christmas, according to a new poll.
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NewsFY EBITDA UP 27.2% at Patisserie Valerie owner
Patisserie Holdings, the AIM-list operator of the Patisserie Valerie chain, has this morning reported a 27.2% increase in adjusted EBITDA to£15.3m for 12 months ended 30 September 2014, which it described as a “pivotal year” for the business
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NewsCity Pub Co team to launch new £100m fund
The team behind Capital Pub Company and City Pub Company is launching a new EIS fund, The City Pub EIS Fund, with the aim of investing £100m over the next three years in managed pubs
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News
Blackstone rejects £2bn Center Parcs takeover bid
Blackstone, the owner of Center Parcs has rebuffed a £2bn takeover bid for the leisure resort operator, according to Sky News
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News
Collyer: Pubcos can benefit from end of beer tie
Geof Collyer of Deutsche Bank has predicted Enterprise Inns converting a third of its estate into a Real Estate Investment Trust (REIT) would add an extra 50p to its share price alone.
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NewsEclectic slashes growth plans after poor Q2
Eclectic, the listed bar group, is cutting its growth aspirations for the current year after a “difficult” second quarter.
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NewsM&B FY lfls up 0.6%
Mitchells & Butlers (M&B) has this morning reported a 0.6% increase in like-for-like sales for the 52 weeks to 27 September 2014, while total revenue climbed 4% to £1.97bn
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NewsFY EBITDA up 3.8% at Admiral
Admiral Taverns, the tenanted pub operator, has reported a 3.8% increase in underlying EBITDA to £21.5m for the year to 31 May 2014
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NewsStonegate portfolio sold for £23.5m
A portfolio of 17 freehold pubs let to Stonegate Pub Company has been sold by PFA Acquisitions to real estate investment company Aprirose for £23.5m
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NewsCozy Pubs eyes further growth
Cozy Pubs is looking to add further sites to its four-strong estate, after reporting a 4% rise in like-for-like sales to the half year
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News
Imbiba seeks EIS investment in London events business
Imbiba is seeking management buy-in EIS investments for “a successful events and catering business with an estate of 14 unique and high quality event venues
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NewsPub code vote impacts M&C20
The M&C20 significantly underperformed this week as a result of the House of Commons vote which may signal the end of the beer tie
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NewsAnalyst corner: Rollo on M&B
Leading analyst Jamie Rollo at Morgan Stanley asks why haven’t Mitchells & Butler’s (M&B)like-for-like sales been improving with its customer feedback?
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News
Analyst corner: Brumby on Punch Taverns part two
Mark Brumby at Langton Capital gives a further take on what Punch could do next, suggesting it could swap chunks of its estate at book value with regional operators for shares
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News
Heartstone confirms double deal
Heartstone Inns has taken its estate to 11 sites, with the confirmation it has acquired two further sites