Finance – Page 267
-
NewsZoopla founder acquires Harry Morgan brand
Alex Chesterman, the founder of Zoopla and investor in businesses such as Ceviche and Bounce, has acquired the Harry Morgan brand from the First Restaurant Group (FRG)
-
News
Nordic Bakery eyes 10 sites
Nordic Bakery is seeking funding and looking for sites as part of a plan to grow to 10 Scandinavian-style cafes in central London within the next three years, M&C Report has learnt
-
News
Artisan Burger Co makes more equity available
Artisan Burger Company, the fledgling gourmet burger operator, has increased the equity stake that it’s selling to investors under its fundraising bid via the crowdfunding website Crowdcube
-
News
Downing Pub EIS raises almost £12m
The pub-focused Enterprise Investment Scheme (EIS) fund from Downing LLP has raised almost £12m of its £15m target to date, and has so far invested in 10 pubs across three different companies, M&C Report has learnt
-
News
Compass: Starting to see signs of stabilisation
Compass has said that whilst economic conditions in Europe continue to be difficult and overall organic revenue in its first quarter remained negative across the region, it is starting to see some signs of stabilisation
-
News
London’s top 10 investment hotspots for 2014
As London’s house prices continue to increase, a report by CBRE identifies those investment hotspots which offer the most potential for growth over the next few years
-
NewsAngelBerry raises £150k for expansion
AngelBerry, the Bristol-based frozen yoghurt operator, has reached its £150,000 fundraising target for an ”aggressive” expansion drive over the next three years that would see it grow from six to c100 outlets globally
-
NewsInventive completes refinancing, eyes acquisitions
Inventive Leisure, the Revolution bar operator, says it now plans to return to the acquisition trail after successfully refinancing its bank facilities
-
NewsYum! UK system sales growth accelerates
Yum! Brands, the owner of the KFC, Pizza Hut and Taco Bell fast-food chains, saw system sales growth in the UK accelerate to 3% in Q4 2013, leaving growth of 1% in the year to 28 December
-
News
Mezze closes in on funding deal
West Country restaurant chain Mezze is closing in on a fundraising deal that will allow it to grow from six to up to 16 units over the next three years, with a projected turnover of more than £13m
-
News
Restructuring activity set to decrease in 2014
Three quarters (76%) of banking institutions, asset-based lenders and alternative lenders expect to see no change (24%) or a fall (52%) in levels of restructuring activity this year, according to research from Deloitte
-
NewsIntertain signs Jongleurs deal
Comedy club brand Jongleurs is to return to the operator of the Walkabout bar brand for the first time in over four years
-
NewsNWTC secures new funding for expansion
The New World Trading Company (NWTC), the Living Ventures and Hill Capital backed business, plans to accelerate its roll out plans and more than double its estate this year after securing a new bank facility of £2.2m from Lloyds Banking Group
-
News
Chapman Group PBT falls on higher admin costs
Chapman Group, the West Sussex-based pub, restaurant and hotel operator, saw pre-tax profits more than halve in the year to 31 March 2013 after administrative costs grew by 10.6% to £5.3m
-
NewsMid-cap firms drive M&C20 outperformance
The M&C20 outperformed the FTSE all-share index this week by one of the biggest margins since M&C Report began monitoring the share prices last May, with ‘mid-cap’ companies driving the growth
-
NewsCerberus acquires further Punch portfolio
Cerberus Capital Management, the US private equity owner of Admiral Taverns, has acquired a further 32 pubs let to Punch Taverns from Nick Leslau’s Prestbury Holdings, in a deal valued at c£30m
-
News
Upham sets fundraising timetable
Hampshire-based Upham Pub Company hopes to complete its latest £15m fundraising drive in July, company co-founder David Butcher has told M&C Report
-
NewsTGI’s pays record premium for Liverpool site
The undisclosed seven-figure premium paid by TGI Friday’s for the Pesto site in Liverpool One is believed to be the highest paid in the North West of England and possibly for any restaurant unit outside London.
-
NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to Enterprise Inns’ interim management statement on 6 February, saying he expects to see no change to consensus forecasts
-
NewsBianco43 agrees hotel group tie-in
Bianco43, the Italian restaurant group, has reached an agreement that could see its restaurants open in sites operated by American boutique hotel group Club Quarters in London, and potentially the US, co-owner Massimo Parodi has told M&C Report