Finance – Page 234
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OpinionTalent spotting
Over the next 18 months the industry is set to experience a sustained level of M&A activity, including a number of big ticket deals, but it is mining for “investment gold” at the other end of the business lifecycle that is increasingly moving to the top of the agenda for sector investors in the rush for the next big thing
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News
Compass expects FY growth of 4%
Compass Group, the global contract caterer, said that it anticipates full-year organic revenue growth of 4%
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News
Here For You Hospitality pubs had a 'poor year'
Here For You Hospitality, the parent of Yard Glass Pub Company that also operates hotels and fitness clubs, saw pre-tax profits rise from £456,851 to £613,855 in 2013 although its pubs had a “poor year”
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News
Rick Stein's restaurant business posts sharp rise in profits
The restaurant and dining business of high-profile chef Rick Stein has reported a sharp rise in profits for 2013 as margins improved and wage costs fell, while profits are ahead of budget by £60,000 for the first 21 weeks of 2014
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NewsOsmond completes £37m Strada acquisition
Tragus is to embark on its next stage of growth after completing the £37m sale of Strada to Hugh Osmond’s Sun Capital Partners vehicle
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NewsSpirit storms ahead of M&C20
This week has been one of the most interesting weeks for a while on the M&C20 index which fell 1.9% to 1,203 points, outperforming the All Share Index which fell 3.4% to 1,030 points
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News
Aparthotels enters administration
Blue Rainbow Aparthotels, part of the Blue Rainbow Hospitality Group that operates Tea 42, has entered administration
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NewsAnalyst corner: Rollo on Spirit/Greene King
Jamie Rollo at Morgan Stanley looks at Greene King’s offer for Spirit, and says that integration could drive material synergies of around £50m
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News
H1 EBITDA down at Richoux
Richoux, the operator of the eponymous brand and Dean’s Diner concept, has report a 2.7% decline in adjusted EBITDA to £780k for the 28 weeks to 13 July, describing its half-year figures as “disappointing”
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News
New Bowland Brewery owners form sister pub company
The new owners of Lancashire-based Bowland Brewery have formed an offshoot pub company, M&C Report has learnt
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News
French: M&B update 'disappointing'
Leading analyst Simon French believes the market will view Mitchells & Butlers’ (M&B) latest trading update as “disappointing”renchL:
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NewsM&B lfls rise 0.1% amid 'difficult' August
Mitchells & Butlers (M&B), the managed operator, has reported a 0.1% rise in like-for-like sales in the nine weeks to 20 September following “difficult” trading conditions in the pub sector in August
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NewsShepherd Neame reports record FY EBITDA
Shepherd Neame, the Kent-based brewer and pub operator, has reported a 8.9% rise in like-for-like sales across its managed pubs and hotels division
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News
French: Spirit now in play
Leading analyst Simon French at Cenkos Leisure says he expects all the other major managed pub companies will be running the numbers on Spirit
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NewsAdmiral launches bespoke beer deal for licensees
Admiral Taverns, the tenanted pub operator, has announced a tie-in with Marston’s to provide all its licensees with a cask beer unique to their pub
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Jack: Expect a strong Q3 from Domino’s
Leading analyst Douglas Jack said that he expects UK LFL sales at Domino’s Pizza Group to have remained double-digit positive
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News
Re-branding driven 10% lfls at EAT
EAT, the Lyceum Capital-backed group, has seen like-for-like sales grow by 10% since it began rebranding its stores and is preparing to return to restart growing its estate from January 2015
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News
FY revenues up 160% at Eagle Eye
Eagle Eye has reported a 160% increase in group revenue to £1.8m (2013: £0.7m) for the year to 30 June 2014
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OpinionDeal of the decade?
What lies behind Greene King’s approach for Spirit Pub Company, what complications does it bring and what does it tell us about the current state of the pub market? John Harrington speaks to the experts
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News
BCI shareholders approve on-line trading move
Shareholders of British Country Inns (BCI) have voted in favour of proposals to place the shares on the on-line trading platform Asset Match