Finance – Page 266
-
NewsBrasserie Bar Co secures £13.5m of new funding
Brasserie Bar Co, the owner of the Brasserie Blanc chain and White Brasserie Company, has secured £13.5m of new funding to support the expansion of the group by at least 20 new sites over the next three years
-
NewsAnalyst corner
Leading analyst Mark Brumby at Langton Capital looks at the decision by Punch Taverns to postpone the vote on its restructuring proposals
-
NewsBatram: TRG a well-oiled machine
A leading analyst has said that there will be no slowing down from The Restaurant Group (TRG) when it delivers its full year update on 26 February, with the company expected to report another impressive performance
-
NewsBatram: Domino’s model remains robust
A leading analyst has said that although he believes there are several challenges in Domino Pizza’s UK business, ultimatelyits model remains robust and highly cash-generative
-
News
FY profit up 8% at Heavitree
Heavitree, the Devon-based tenanted pub operator, has reported a small decline in turnover for the year to 31 October 2013, due to a loss in rental income from two houses that were closed and then sold during the year
-
News
Mayfair Capital secures F&B investment
Mayfair Capital Investment Management has acquired £12m of assets for its Property Income Trust for Charities fund, including three F&B units at the Greenwich Peninsula
-
NewsM&C20 underperforms against FTSE
The M&C20 Index climbed 0.9% this week, driven by growth from one of its smaller companies but underperformed the FTSE All Share Index, which was up by 1.5%, for the second week in a row
-
NewsBK reports 1.7% rise in Q4 sales
Burger King, the fast-food chain, has reported a 1.7% rise in quarterly global sales with very strong results in Asia
-
News
PizzaLuxe eyes next stage of growth
PizzaLuxe is to embark on its first round of external fundraising as it looks to double its estate over the next 18 months
-
News
Molson Coors reports improved UK performance
Improved performance in the UK, Romania, Hungary and the Czech Republic helped Molson Coors grow volumes in Europe by 1.5% in 2013
-
News
Pernod Ricard H1 Europe sales grow 4%
Strong growth in Europe for Pernod Ricard helped mitigate the impact of sharply falling sales in China in the first half of its financial year, as overall performance for the wine and spirits business improved in Q2
-
NewsJohnson to act as adviser to new funding platform
Sector investor and chairman of Risk Capital Partners Luke Johnson is to act as “special adviser” to a new crowd-funding initiative being launched by Sir Richard Branson’s entrepreneur’s network
-
Analysis & Insight
Sector lfls grow 7.2% in January
Like-for-like sales across 27 leading pub, restaurant and bar groups grew 7.2% in January, as the trade benefited from favourable comparatives against the snow-hit first month of 2013
-
NewsPembroke takes stake in Chilango
Pembroke, the venture capital trust, whose investors include Sir Charles Dunstone, the Carphone Warehouse founder, and the Next chief Lord Wolfson, has taken a stake in Chilango
-
NewsHeineken UK FY beer volumes dip
Heineken saw UK beer volumes decline by a “low-single digit” figure in 2013, with the market “impacted by a fragile economic environment”
-
News
French reiterates Sell for Cineworld
Leading analyst Simon French has reiterated his Sell recommendation for Cineworld’s and increased his Target Price from 260p to 295p
-
NewsM&C20 delivers flat performance
The M&C20 Index was flat this week, as growth for the two biggest companies was mitigated by share price dips for seven of the top 10 firms. The Index underperformed the FTSE All Share Index, which was up by 0.8%
-
News
La Sala fundraising reaches £3.2m
James Horler, current interim chief executive of Red Hot World Buffet, has already raised £3.2m towards the launch and roll out in the UK of La Sala, the famous Spanish restaurant
-
NewsLoungers FY sales to top £33m
Sales at Loungers, the Piper-backed cafe bar operator, for the year to the end of April are projected to be in excess of £33m, over 50% up on the previous 12 months, M&C Report has learnt
-
NewsLondon and south drive Enterprise growth
Enterprise Inns’ like-for-like net income growth was significantly higher in London than elsewhere in Q1 2014, with a flat performance in the Midlands despite growth of 1% overall