Finance – Page 261
-
NewsCH&Co acquires remains 50% stake in Apostrophe
Caterer CH&Co has acquired the remaining 50% stake in Apostrophe, the London-based patisserie café concept led by Amir Chen, for an undisclosed sum
-
NewsTasty reports rise in FY PBT
Tasty has reported a 12% rise in pre-tax profits from £1.55m to £1.74m for year to 29 December 2013, with revenue up 20% to £23.2m
-
NewsNovus parent reports improving picture after lfl decline
The parent company of Novus Leisure, the London-based premium bar and restaurant group, has reported a 3.1% fall in like-for-like sales at uninvested sites in the 48 weeks since its incorporation (to 30 June 2013), but with an improving picture since the period end
-
NewsM&C20 returns to growth
Normal service resumed for the M&C20 this week, as it returned to growth (+1.5%) and outperformance of the FTSE All-Share Index (+0.6%) after last week’s decline of 0.7%
-
NewsPrezzo rollout 'could be accelerated'
Leading analyst Nicholas Batram has suggested that the rollout of Prezzo could be accelerated and he predicted a positive set of results from the Jonathan Kaye-led group when it reports its full-year results on 9 April
-
NewsAnalyst corner
Nicholas Batram at Peel Hunt looks ahead to the Q1 interim management statement from Domino’s Pizza on Wednesday 2 April. He issued a Hold recommendation but said its shares are “moving closer to buying territory”
-
NewsRevolution operator grows H1 EBITDA 41%
New Inventive Bar Company, the Revolution bar operator formerly known as Inventive Leisure, saw EBITDA grow 41% to £6.7m in the six months to 31 December 2013
-
NewsCarroll lined up to operate GK package
May Capital has lined up Gerry Carroll, former managing director at Enterprise Inns and Little Chef, to manage the c300-strong tenanted pub package it is currently in advanced talks to acquire from Greene King
-
News
French 'strongly reiterates' Buy for Eclectic
Leading analyst Simon French has “strongly reiterated” his Buy recommendation for Eclectic Bar Group, which he said announced a “solid set of maiden results” since it debuted on AIM last year
-
NewsJack: Expect Domino’s Q1 performance to be strong
A leading analyst has said that he expects next Wednesday’s Q1 IMS from Domino’s Pizza Group to be strong and while like-for-like sales will have slowed from 14.6%, they will still remain impressive
-
NewsCapital should be flowing into food-led pubs
Capital should be flowing into food-led pubs and the segment should be expanding more rapidly than restaurants, reflecting overwhelming trends in consumer demand, according to a leading analyst
-
News
Allsop raises c£78m from commercial auction
Allsop raised £77.9m at its second commercial auction of the year this week, which included a number of pub and freehold restaurant investments, with an average success rate of 82%
-
Analysis & InsightPE-backed management deals
Following the early success of concepts such as PizzaExpress, Wagamama and Café Rouge, private equity is becoming increasingly involved in the world of restaurant operators. David Roberts, the head of the leisure team at leading law firm Olswang LLP, looks at the types of incentivised deal being offered to management teams to push concepts forward
-
NewsBurns upgrades Young's to Buy
Leading analyst Karl Burns has upgraded Young’s from Hold to Buy, citing the recent decent trading and an “encouraging” outlook for 2015, and saying the stock no longer trades at a significant premium to its peers
-
NewsBurns raises Fuller's TP
Leading analyst Karl Burns has increased his Target Price for Fuller’s ahead of its year-end this month
-
News
Just Eat to be valued at over £1bn
Just Eat, the online takeaway food service, is expected to be valued at more than £1bn today as it unveils the price of its Initial Public Offering (IPO).
-
NewsEclectic EBITDA grows 13%; acquires food-led bar brand
Eclectic, the bar group led by Reuben Harley, has reported a 13% rise in pre-adjusted EBITDA to £1.7m in the six months to December 2013, and also announced the acquisition the Lowlander Bar and Brasserie in London’s Covent Garden, together with the Lowlander brand, which it hopes to rollout nationally
-
NewsFY PBT up at Adnams
Adnams, the Suffolk-based brewer, pub operator and distiller, has reported a rise in pre-tax profit from £3.2m to £4.1m for the year to the end of 2013, while turnover increased 6.3% to £60.5m.
-
NewsInvestec initiates TRG coverage with at a Buy
James Hollins, leading analyst at Investec, has initiated his coverage of The Restaurant Group (TRG) at a Buy with a 755p target price
-
NewsBank funding underpins Comptoir expansion
Levant Restaurants Group has expanded into Kent and Surrey with Comptoir Libanais, its Lebanese fast-casual concept, thanks to a £1.6m loan from NatWest