Finance – Page 237
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NewsEllis raises Whitbread TP
Leading analyst Wyn Ellis has increased his Target Price for Whitbread from £43 to £45 after its “very strong” trading update
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Chapel Down raises 83% of fundraising target
Chapel Down Group, the Kent-based winemaker and brewer chaired by former Scottish & Newcastle chief executive John Dunsmore, has raised 83% of the money that it’s looking to via the Seedrs crowdfunding platform after launching the bid on Monday
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NewsGreene King Retail lfls rise 0.4%
Greene King, the brewer and pub operator, has reported a 0.4% rise in like-for-like sales in its managed Retail arm in the 18 weeks to 7 September, with “tough comparatives” from last year’s “excellent” summer, “compounded by a disappointing World Cup”
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NewsWhitbread Q2 lfls grow 6.8%
Whitbread has maintained its like-for-like sales growth in its most recent trading period, with growth of 6.8% in the 11 weeks to 14 August, and said it “remains on track for another good year”
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NewsOriginal Bowling Co has 'healthy pipeline' of new sites
The Original Bowling Company (TOBC), the UK’s largest ten-pin bowling operator recently acquired by private equity group Electra Partners, has a “healthy pipeline” of new locations and expects to add around five sites over the next four years, chief executive Steve Burns has told M&C Report
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William Grant acquires Drambuie brand
William Grant & Sons has added the Drambuie brand to its portfolio after buying the company from the MacKinnon family
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NewsElectra Partners agrees £91m Original Bowling Co acquisition
Private equity group Electra Partners has reached an agreement to buy The Original Bowling Company (TOBC), the UK’s largest ten-pin bowling operator that owns the Hollywood Bowl brand, in a deal valued at £91m
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Chapel Down announces fundraising drive
Chapel Down Group, the Kent-based winemaker and brewer chaired by former Scottish & Newcastle chief executive John Dunsmore, has announced plans to raise at least £1m via the Seedrs crowdfunding platform to expand its operations
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NewsGov’t holds talks on future of Responsibility Deal
The Government has held talks with leading food industry representatives in a bid to revive the Responsibility Deal
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NewsNetwork Rail reports strong growth for food operators
Like-for-like sales at ‘specialist’ food retailers Wasabi, Nampo, Mi Casa and Patisserie Valerie at stations operated by Network Rail increased by 18% in the three months to 30 June
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NewsLeisure Index continues to climb
The M&C20 showed modest gains this week, finishing up some 16 points at 1,219, outperforming the wider market, which finished up six points at 1,065
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Batram: JDW feels margin pressure
A leading analyst has said JD Wetherspoon has failed to rebuild its margin in the second half of the year and looks unlikely to change
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NewsMcDonald’s UK FY turnover hits £1.5bn
McDonald’s Restaurants Limited, the UK arm of the fast food giant, saw turnover for 2013 grow 13.7% to reach £1.5bn in 2013, as pre-tax profits rose 21.1% to £244.9m
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NewsMiller Brands maintains strong performance
Miller Brands UK, the supplier of premium beer brands Peroni and Pilsner Urquell, has continued its strong performance in its current financial year after reporting growth in the year to 31 March, managing director Gary Haigh has told M&C Report
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NewsAnalyst corner: M&B
Jamie Rollo at Morgan Stanley looks ahead at the upcoming update from Mitchells & Butlers (M&B) and says he expects a solid Q4
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NewsGlendola: FY PBT falls 11.2%
Glendola Leisure, the London-based bar and restaurant group, has seen its profit fall to £2.2m from £2.5m the previous year in what it called “a reasonably successful period in challenging economic circumstances”
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Collyer: Spirit is moving up the pecking order
Leading analyst Geof Collyer has upgraded his earnings per share (EPS) forecast for Spirit Pub Company, saying the group is “moving higher up the pecking order” following its above-expectations trading update, although some concerns remain
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Trust Inns FY PBT grows 32.8%
Trust Inns, the tenanted pub operator led by Lynne D’Arcy, saw pre-tax profits grow 32.8% to £3m in the year to 31 March
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NewsMiller Brands FY PBT grows 20.9%
Miller Brands UK, the supplier of premium beer brands Peroni and Pilsner Urquell, saw pre-tax profits grow 20.9% to £23.8m in the year to 31 March on turnover up 3% to £247.5m
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NewsTasty reports 23.6% rise in H1 PBT
Tasty, the operator of the Wildwood and Dim T brands, saw pre-tax profit increase 23.6% to £973,000 in the 26 weeks to 29 June