Finance – Page 260
-
News
Stock Spirit loses major backer
Private equity firm Oaktree Capital Management LP has sold its entire shareholding in distillery Stock Spirit Group causing shares to fall 30.5%
-
News
PRS income from pubs and clubs grows 2.1%
Revenue from pubs and clubs for PRS for Music, the music royalties collection agency, returned to growth in 2013, increasing 2.1% to £38.5m
-
NewsResponsibility Deal 'makes sound business sense'
Companies are starting to realise that being part of the Responsibility Deal “makes sound business sense”, a senior figure behind the initiative has claimed
-
NewsJack: Spirit H1 PBT to grow 9%
Leading analyst Douglas Jack has forecast that Spirit will report a 9% rise in pre-tax profits to £21.9m, driven by 4.8% like-for-like sales growth in managed pubs and a 2.6% increase in leased like-for-like net income, at its H1 results on 24 April
-
NewsThwaites opens third pub under microbrewer free-of-tie deal
Thwaites, the Lancashire brewer and pub operator, has opened its third partnership pub with a microbrewer, M&C Report has learnt
-
News
Barber to raise EIS fund for Hush expansion
Jamie Barber has launched a new round of fundraising through the Enterprise Investment Scheme (EIS) as he looks to grow his Hush brasserie concept
-
NewsLarge caps push M&C20 higher
There were increases for the M&C20 Leisure Index and the broader stock market this week – both up by just under 1%
-
NewsAnalyst corner
Simon French at Panmure Gordon moves his recommendation for Prezzo from Hold to Buy and raises his Target Price for the group from 112p to 197p ahead of its preliminary results next Wednesday
-
NewsMore margin recovery to come for Spirit
Leading analyst Nicholas Batram has issued a Buy recommendation for Spirit Pub Company ahead of its H1 results on 24 April, saying he believes there’s still some more margin recovery to come in the business
-
NewsJP Morgan takes positive view on UK pubs & restaurants
JPMorgan Cazenove has lifted its recommendation for Mitchells & Butlers (M&B) from ‘neutral’ to ‘overweight’, saying that it is taking a more positive view on the UK pubs and restaurants sector
-
News
Booker lfls rise 1.9%
Booker, the food and drink wholesaler, has reported a 1.9% rise in like-for-like sales (excluding the Makro business) in the 12 weeks to 28 March
-
NewsJust Eat shares grow 8.8% on first day of trading
Shares in Just Eat, the on-line takeaway platform, grew 8.8% to 283p on its first day of trading, leaving it with a market capitalisation of almost £1.6bn
-
News
Downing eyes £100m fundraising
Downing LLP is aiming to raise another £100m this year to add to its existing £430m pub industry fund, M&C Report has learnt
-
NewsJust Eat shares debut at 260p
Just Eat, the on-line takeaway platform, has announced that shares will trade at 260p each, the top end of the price range, as it makes its debut on the London Stock Exchange today
-
News
Heineken plans £58m cider investment
Heineken is planning to invest £58m in its Bulmers cider operations in Hereford, in order to increase production capacity and to modernise facilities
-
NewsWahaca receives funding extension
Wahaca, the Mexican street food restaurant concept led by Thomasina Miers and Mark Selby, has had its funds extended by RBS to finance the next phase of expansion
-
NewsDomino's UK lfls grow 10.8%
Domino’s Pizza Group has reported a 10.8% rise in like-for-like sales at its 725 mature UK stores in the 13 weeks to 30 March, with system sales rising by 14.8% to £188.5m, as it says the search for a new chief executive is “well advanced”.
-
News
TGI Friday’s sales flat in 2013
Carlson, the US-based parent company of TGI Friday’s, has reported that sales across the restaurant brand were flat in 2013 compared to the previous year.
-
News
Domino's upgrades 'increasingly likely'
Leading analyst Douglas Jack has held his forecast for Domino’s following its Q1 interim management statement this morning, but said upgrades are “becoming increasingly likely”
-
NewsStonegate launches £380m bond offer
Stonegate Pub Company, the TDR-backed pub and bar operator, has announced plans to launch a £380m bond offer