Finance – Page 242
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NewsLfls up 3.3% at SSP
SSP, the recently listed travel concessions operator, has reported like-for-like sales growth of 3.3% for the three months to 30 June
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NewsJamie’s Italian FY turnover passes £100m
Turnover for Jamie’s Italian passed the £100m milestone in the year to 5 January, although EBITDA fell 9% to £11.9m as the management invested in infrastructure for International expansion, as well as the new Jamie’s Italian Trattoria brand and the rollout of its Gold Card
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NewsUK strength lifts Burger King
The strength of the UK market helped Burger King to report a 0.9% rise in comparable sales in the EMEA region for the second quarter of 2014
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NewsTenanted performance holds back Adnams
Adnams, the Suffolk brewer and pub operator, has reported a 29% rise in operating profit to £862,000 in the six months to 30 June, although results were held back by the “less good trading” within the tenanted pub estate
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Maclay eyes craft beer expansion; FY loss
Scottish pub and bar operator Maclay Group is looking to add a craft beer offer across its 26-strong estate, managing director Steve Mallon has told M&C Report as the company reports a pre-tax loss of £169,895 in the 16 months to 1 February 2014
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NewsMarket-wide losses hit M&C20
The M&C20 suffered a sharp fall this week as shares in the leisure sector slid by 22 points (1.9%) to 1,152 after a fortnight of growth
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Board game café launches Kickstarter campaign
Draughts, which will be the UK’s first board game café, has launched a Kickstarter campaign to raise £10,000 to kit out the café with board games before it opens in September
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NewsFY lfls up 9% at Be At One
Be At One, the Piper-backed cocktail bar chain, is confident that it can eventually grow its estate to up to 120 sites in the UK
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Analyst corner: Jamie Rollo at Morgan Stanley
Jamie Rollo at Morgan Stanley comments that tenanted pub operators are seeing their sales performance gap close with their managed counterparts
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NewsRollo: Trading across Spirit Leased to be solid
A leading analyst has said that expects Q4 trading at Spirit to have slowed across its managed pubs in-line with other operators
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NewsWestbury Street Holdings buys Searcys
Searcys, the upmarket restaurant and bar operator and caterer, has been sold to Westbury Street Holdings (WSH), the hospitality and catering company that owns Benugo, in its entirety for an undisclosed sum
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NewsItsu sees turnover reach £60m mark
Itsu, which will open its 50 small format store tomorrow in Richmond, has said it turned over £60m and made profits of £6m EBITA in the last year
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Arran Brewery plans new fundraising
Arran Brewery, the Scottish brewer and pub operator, expects to begin another round of fundraising towards the end of the year as it prepares to open a new restaurant and bistro
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Orderella reports fundraising progress
Orderella, the mobile ordering app, says it has raised more than 70% of its £1m second round fundraising target under the Enterprise Investment Scheme
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Intu sees property value uplift
Intu, the shopping centre operator, has reported a 7.6% uplift in the like-for-like value of its properties in the six months to June, with the group seeing profits and revenues grow
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Yummy FY lfls rise 36.6%
Yummy Pub Company, the multiple pub operator, has said it experienced a 36.6% rise in like-for-like sales in 2013/2015
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NewsDiageo GB FY net sales grow 2%
Baileys led the growth with sales up 8%, while Smirnoff saw net sales fall 3% despite growing its share of the vodka sector by volume
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NewsStar signs “groundbreaking” coffee deal
Star Pubs & Bars has signed a “groundbreaking” deal with coffee supplier Kimbo, which it says will finally allow pubs to “take on high street coffee chains”
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World Cup lifts ABInBev UK Q2 volumes
ABInBev, the Stella Artois and Budweiser brewer, saw UK sales of its drinks grow 13.5% in Q2 2014, due to ”strong World Cup volumes”
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Compass reports positive trends in Q3
Compass, the global catering company, says it saw the positive trends in Europe and Japan continue into the third quarter (to 30 June), with a slowing of organic revenue decline in the period