Finance – Page 265
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NewsF&B outperforms retail at Network Rail stations
Like-for-like sales at pubs and bars at the stations grew 13.9%, with growth of 14.1% in dining outlets
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NewsLa Tasca reports strong January
La Tasca, the Simon Wilkinson-led chain, has reported a strong January trading performance, with sales up 14% versus a 2.4% increase in 2013, helped by a “cracking” New Year
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NewsBill's FY EBITDA more than doubles
Bill’s Restaurants saw EBITDA (pre-opening costs) grow 125.5% to £3.7m in the year to 28 July 2013 on the back of like-for-like sales growth of 9.2% and new openings, which helped lift turnover by 175.6% to £27.6m
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NewsFulham Shore raises £660,500 in share placing
Fulham Shore, the restaurant venture from ex-Clapham House Group chairman David Page, has raised £660,500 in a further share placing as it looks to make further acquisitions and investments
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OpinionWho will float next?
With numerous high profile flotations on the agenda, Sam Fuller, head of UK consumer at international investment bank Altium, discusses the leisure sector’s IPO prospects
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NewsPatisserie Valerie eyes £150m IPO
Patisserie Valerie, the Risk Capital Partners-backed group, is drawing up plans for a float that could value the chain at more than £150m, according to the Sunday Times
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NewsM&C20 underperforms All Share Index
The M&C20 underperformed the FTSE All Share Index this week, despite share price growth for seven of the top 10 sector firms. Overall growth was 1.6%, against +2.5% for the All Share
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Analysis & Insight
Hospitality jobs increased in Q3 2013
The number of jobs in the hospitality industry increased in the third quarter of 2013, data published by the Office for National Statistics shows
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News
New EIS group targets drink-led London pubs
A new Enterprise Investment Scheme-backed group called Marylebone Leisure, which includes Prezzo chief executive Jonathan Kaye as an investor and non-executive director, has been launched with the intention of acquiring and operating a series of “drink-led pubs and bars” in London
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News
Fyne Ales announces £2m investment
Fyne Ales, the Scottish craft brewer based in Argyllshire, has announced a £2m investment at its site to double turnover by 2015
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NewsM&B's Birmingham HQ sold for £51m
The site of Mitchells & Butlers’ (M&B) Birmingham headquarters has been sold for £51m to LaSalle Investment Management
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NewsLe Pain FY PBT grows 37%
Le Pain Quotidien, the all-day bakery and cafe concept, grew pre-tax profits by 37.2% to £802,887 in 2013, on turnover up 4% to £30.8m, as its estate grew from 22 to 24 stores
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News
Trust Inns agrees new £130m debt facility
Trust Inns, the tenanted pub operator led by Lynne D’Arcy, which has over 480 sites, has secured a new £130m debt facility
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NewsJack: Domino's FY earnings can grow c20%
Domino’s Pizza is capable of generating c20% earnings growth in 2014 despite the prospect of slightly slower UK expansion and a downside forecast in Germany, according to leading analyst Douglas Jack
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NewsCarlsberg UK 'slightly down' in 2013
Carlsberg says the UK market was “marginally down” in 2013, although it continued to strengthen its market share in the on-trade, as it predicted a slight decline in beer markets across Western Europe in 2014
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NewsGreggs FY to be 'broadly positive'
Efforts by Greggs to improve its retail systems and processes are “firmly in train”, according to a note from N+1 Singer that predicts a “broadly positive tenor” to its final results on 26 February
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News
Coca Cola Company FY volumes rise, net revenues dip
The Coca Cola Company has reported a 2% growth in volumes in 2013, with growth slipping to 1% in Q4, although full-year net revenues fell 2%
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NewsPrezzo signs exclusive ice cream deal
Prezzo, the Jonathan Kaye-led group, has signed an exclusive deal with London gelateria Gelupo to serve its award-winning Italian ice cream
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NewsDeals 'on the table' for Churchill's overseas expansion
Deals are “on the table” to export Churchill’s, the fish & chip brand from the UK’s largest fish & chip shop operator Fish ‘n’ Chick’n, to China, Nigeria, Russia, the Middle East and India, managing director James Lipscombe has told M&C Report
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NewsJack: Solid update expected from TRG
A leading analyst has said that The Restaurant Group, which will report its final results on 26 February, should be capable of maintaining double-digit earnings growth in 2014E