Finance – Page 255
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News
Downing set for further £20m fundraising
Downing LLP has closed its latest round of fundraising with a total of £18.6m raised and is set to launch a new fund soon which will target raising a further £20m
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NewsM&C20 slips on mixed share-price performance
The M&C20 Index of leisure sector shares slipped by seven points or 0.5% this week, underperforming the general stock market – which was flat
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News
UK helps drive McDonald’s growth in April
A positive performance in the UK helped to drive global comparables sales at McDonald’s up 1.2% in April, offsetting flat sales in the US
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NewsJack: Strong trading continues at TRG
A leading analyst expects next Thursday’s Q1 IMS from The Restaurant Group to show “strong trading” with rising like-for-like sales experienced at the start of the year likely to be maintained
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Starbucks drives spend-per-head at Cineworld
Cineworld yesterday reported an 8.6% increase in box office revenues, while admissions rose by 6.8% in the 18 weeks to 1 May
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Intu reports improving environment
Shopping centre owner Intu has welcomed the improving retail environment in the UK, reporting a rise in consumer confidence leading to an increase in footfall.
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NewsBII plans major changes
The British Institute of Innkeeping (BII) has revealed plans for major changes in 2014 including a brand relaunch, new benefits to members and a new constitution giving a “leaner and more responsive decision-making process”
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News
Tourism spend grows 12.7% in UK
Visitor spending in 2013 rose 12.7% across England, Wales, and Scotland with visitors injecting £21bn into the UK economy
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NewsBrains FY EBITDA flat in 'difficult' year
SA Brain, the Cardiff-based brewer, pub and coffee shop operator, has reported flat EBITDA of £11.8m in the year to 30 September 2013 and said it expects trading to remain “difficult” in 2014
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NewsAB InBev Q1 UK volumes grow 0.6%
AB InBev, the global brewer, has reported a 0.6% rise in UK volumes in the first quarter of 2014
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NewsCollyer reiterates Hold for JDW
Leading analyst Geof Collyer has reiterated his Hold recommendation for JD Wetherspoon following its Q3 results, despite sales being slightly ahead for the managed operator
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NewsCarlsberg Q1 UK beer volumes dip
Carlsberg has predicted that Western European beer markets will “decline slightly” in 2014 as it reports a decline in beer volumes in the UK in the first quarter of this year
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News
Seattle’s Best Coffee signs three-way UK coffee deal
Seattle’s Best Coffee, part of Starbucks Coffee company, has signed a trial deal with KFC, Asda and Kiddicare as part of a plan to sell its coffee through 100 nationwide partner cafes in the UK by the end of the year
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NewsSubway secures further petrol station deal
Subway, the global sandwich chain, has signed a further deal, which will see it increase its roadside presence in the UK.
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News
Jack: Marston’s repositioning to lead to growth
A leading analyst has said that he believes Marston’s repositioning (selling wet-led pubs, recycling capital into food-led new builds and converting the Taverns estate to franchise) should lead to double-digit earnings growth in 2015E and 2016E
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NewsJDW expects “reasonable outcome” for the year
JD Wetherspoon saw like-for-like sales increase by 6.2%, and total sales rise by 10.9% for the 13 weeks to 27 April 2014
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NewsYO! FY EBITDA up 15%, confirms Hall as CEO
YO! Sushi, the Quilvest-backed group, has confirmed that chief operating officer Vanessa Hall has succeeded Robin Rowland as chief executive, with Rowland, who has led the company for 14 years, becoming executive chairman
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News
Jack: Enterprise fighting hard to stand still
A leading analyst has said that Enterprise Inns is fighting hard to stand still, facing ongoing declines in wet-led pub volumes and an uncertain regulatory backdrop
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NewsJust Eat: current trading in line with expectations
Just Eat, the on-line takeaway platform, has said that its trading is slightly ahead of management expectations in part as a result of the unusually wet winter weather in the UK and Northern Europe
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Analysis & InsightGoldilocks and the three narratives
Understanding the multi-speed and locally polarised UK recovery will be key for operators over the next 18 months, as it brings challenges to expansion plans, pricing and promotions, and national marketing and communications campaigns argues Trajectory Partnership’s Paul Flatters