Finance – Page 268
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NewsChipotle to maintain growth rate; FY revenue up 17.7%
Chipotle Mexican Grill says it plans to maintain its rate of expansion in 2014 as it reports a 17.7% rise in revenue to $3.2bn (£1.9bn) in 2013, aided by an improved performance in Q4
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NewsCollyer: M&B requires 'Herculean effort'
Leading analyst Geof Collyer has said that Mitchells & Butlers (M&B) will need a much stronger performance in H2 if it’s to recover its position, and a “Herculean effort” is still required to turn around the bottom quartile of the estate
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NewsFuller's: Christmas, Brewer Street, investments, analysts
Friday 20 December was the busiest trading day ever for Fuller’s, with sales up 15% year-on-year on so-called ‘mad Friday’, chief executive Simon Emeny has told M&C Report
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NewsDiageo GB returns to growth
Diageo Great Britain returned to growth in the six months to 31 December, reporting a net sales increase of 1%, with volume and value share growth for Guinness, Pimm’s net sales nearly trebling and “signs of improved momentum” for Smirnoff
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News
Spaghetti House reports improved performance
Spaghetti House, the London-based, family-owned chain, has said that it has seen a further improvement in performance in the year to date and that its 12-strong estate was currently trading “very well”
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NewsDiageo Western Europe decline slows
Diageo has reported a slowing of net sales decline in Western Europe in the six months to 31 December, which it said helped to absorb some of the challenges in emerging markets
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News
Jack holds forecast for Fuller's
Leading analyst Douglas Jack has reiterated his Add recommendation for Fuller’s following its trading update this morning that saw like-for-likes in its managed arm grow 7.2% in the 10 weeks to 25 January
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News
Fuller's managed lfls grow 7.2%
Fuller’s, the London-based brewer and pub operator, has reported a 7.2% rise in like-for-like sales in its managed division in the 10 weeks to 25 January and said the good results has caused it to bring forward additional projects this financial year
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NewsLfls up 2% at M&B
Mitchells & Butlers (M&B) has reported a 2% rise in like-for-like sales in the 17 weeks to 25 January, helped by a 2.6% rise in sales across the three-week festive period to 4 January and milder weather compared to last year
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News
Arc Inspirations eyes funding options; names first FD
Arc Inspirations, the 10-strong Yorkshire bar operator, is seeking private equity investment as it announces the appointment of its first finance director, managing director Martin Wolstencroft has told M&C Report
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NewsJack moves ETI from Add to Hold
Analyst also says the Government should avoid implementing a mandatory free-of-tie option with an open market rent review as part of the statutory code
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NewsBritvic Q1 GB revenues grow 1.5%
Britvic saw revenues in its British business grow by 1.5% in the 12 weeks to 22 December, with decline in volumes mitigated by improvement in the average realised price (ARP) of 3%
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News
Better burger firm launches fundraising bid
Perthshire-based Artisan Burger Company, which is seeking £240,000 via Crowdcube, plans to open four restaurants within a two year period and also expand via franchise
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NewsWhitbread extends bank facilities
Whitbread, the leisure group, has extended its existing £650m syndicated bank facility, extending its maturity by two years to 4 November 2018 and introducing an option to extend it by a further two years beyond that date
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NewsPizzaExpress strengthens management team
PizzaExpress has strengthened its management team with the appointments of former Whitbread finance director Andy Pellington as its new chief financial officer, and Charlotte Maxwell, formerly of Talk Talk, as its new commercial director
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NewsDomino’s managing evolution to mature business
A leading analyst has said that Domino’s is a company managing the evolution from fast growth to established mature business
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News
Diageo acquires super-premium tequila Peligroso
Diageo, the drinks giant, has added the super-premium tequila brand Peligroso to its portfolio for an undisclosed sum
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Analysis & Insight
F&B deal volumes rose in Q4
Deal volumes in the food and beverage sector rose slightly in Q4 2013 compared to Q3 2013 as the number of private equity backed deals increased by 60% in the same period
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NewsTragus to undergo debt restructure
Tragus, the Café Rouge, Bella Italia and Strada operator, is understood to be preparing to undergo a debt-for-equity swap under a proposed restructuring of its estimated £240m debt, according to The Times
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NewsCerberus acquires £170m Spirit portfolio
Cerberus Capital Management, the US private equity owner of Admiral Taverns, has completed the acquisition of a 102-strong portfolio of pubs from Nick Leslau’s Prestbury Holdings, in a deal valued at £170m