Finance – Page 256
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News
Johnson runs rule over InnBrighton
Luke Johnson, the serial sector investor, is believed to be running the rule over InnBrighton, the Brighton-based multiple pub operator
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News
Cirrus raises £15m expansion fund
Cirrus Inns, the investment vehicle launched to back a premium estate of freehold pubs with rooms, has raised a further £15m toward its continued expansion
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NewsBatram: focuses on JDW and TRG
A leading analyst says he expects another strong top line performance from JD Wetherspoon when it updates the market next week
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NewsAnalyst corner
Sahill Shan at N1 Singer reports on Greene King’s analyst briefing from earlier this week and how it has evolved into a multi-faceted restaurant/casual dining company
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Analysis & Insight
Early funds catch concepts’ eyes
Nick Crosbie, corporate partner in international law firm Olswang LLP’s leisure group, looks at a few of the common funding models for the more early-stage concepts seeking investments
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NewsM&C20 lags behind market on anniversary
It’s a full year since we launched M&C20 and the portfolio of leisure sector shares is worth nearly 26% more than in May 2013, against a 6% rise across the general stockmarket
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NewsBenito’s Hat secures new CEO and funding
Benito’s Hat has appointed a Richard Baker, formerly of The Restaurant Group as its new chief executive and plans to further strengthen its estate this year following an additional investment of £1.3m
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News
Moto reports losses after servicing parent company debt
Motorway services company Moto Hospitality has reported a 1.1% fall in turnover to £840.03m the full year 2013, caused by a fall in fuel sales
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News
Jack: GK disposal “dilutive, but strategically right”
A leading analyst has described Greene King’s sale of 275 non-core tenanted and leased pubs to Hawthorn Leisure for £75.6m as “dilutive, but strategically right”
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NewsCinven places £1bn price tag on PizzaExpress
Cinven, the private equity backer of Gondola, has appointed separate advisers to oversee the £1bn sales of PizzaExpress, and sister brands Ask Italian and Zizzi, according to The Times.
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News
Ideal eyes expansion of pub and café estate
Ideal Collection, the independently owned south coast based operator of pubs and cafes, is looking to acquire another pub site this year and grow its Boat House Café concept
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NewsGreene King sells 275-strong portfolio to new venture
Hawthorn Leisure, a new pub company established to acquire, invest in and support pubs across the UK, has exchanged contracts for the acquisition of a portfolio of 275 tenanted and leased public houses from Greene King, for £75.6m.
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NewsGreggs lfls up 3.7%
Greggs, the high street bakery chain led by Roger Whiteside, has reported a 3.7% rise in like for like sales for the 17 weeks to 26 April following a “weak” performance in 2013
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NewsGreene King managed LFLs up 4.8%
Greene King has this morning announced that like-for-like sales across its managed estate were up 4.8% over the last 16 weeks and that it had recorded its 22nd consecutive quarter of like-for-like sales growth
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NewsWhitbread: food quality, promos, revamps, analysts
M&C Report takes a closer look at the full-year results to 27 February for Whitbread, reports from a presentation to analysts and speaks to finance director Nicholas Cadbury
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NewsWhitbread FY lfls up 4.2%
Whitbread has reported a 4.2% rise in like-for-like sales in the year to 27 February, with growth accelerating in the second half
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News
Jack: Sales momentum to continue at JDW
A leading analyst has said that next Wednesday’s Q3 IMS from JD Wetherspoon should be good with like-for-like sales momentum continuing for the group
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News
Brewhouse & Kitchen extends funding call
Brewhouse & Kitchen, the Enterprise Investment Scheme (EIS) venture led by ex-Convivial Pubs chief executive Kris Gumbrell, has extended its latest fundraising call to 16 May
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Analysis & InsightInside track: Trading concerns
Leading analyst Geof Collyer of Deutsche Bank lays out his concerns regarding the current trading environment, and focuses on confusion of offering – is it a pub or a restaurant; site availability, site saturation and rent inflation; and couponing and the online threat
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NewsBaskin-Robbins signs new Cineworld deal; eyes expansion
Baskin-Robbins hopes to secure a further 80 high street locations across the country over the next five years, M&C Report has learnt, as the ice cream shop operator announces an extension to its deal to operate at Cineworld cinemas