Finance – Page 269
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NewsM&C20 in reverse as ‘big boys’ falter
The M&C20 Index suffered a 2% reverse this week after strong recent gains with seven of the biggest eight companies’ shares in decline
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NewsMcDonald’s UK reports strong year of growth
McDonald’s UK has said that it delivered another strong year of growth in 2013, despite the economic environment remaining challenging, the horse meat scandal and Britain experiencing an uncharacteristically hot summer
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NewsQ1 sales up at Starbucks
Starbucks said it saw improvements across all its major markets in its first quarter, including the UK, where it said declining unemployment and the economic recovery had helped to drive growth
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McManus eyes expansion as earnings and lfls grow
McManus Pub Group, the 18-strong Northampton-based pub operator, is looking at several potential new acquisitions as it reports an improvement in earnings and like-for-like sales, M&C Report has learnt
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NewsCharles Wells grows PBT in 'year of steady progress'
Charles Wells has reported a year of “steady progress” as it grew pre-tax profits from £6.5m to £6.7m and reduced net debt by £18.8m to £44.7m, due to the sale of its distribution depo and its Kestrel Super Strength brand, M&C Report has learnt
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Priestley joins Electra Partners
Bill Priestley, the former managing director of LGV Capital, backer of Amber Taverns, Liberation Group and Novus Leisure, is to join investment firm Electra Partners as a partner
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FY PBT up at Barworks as it eyes further growth
Barworks saw pre-tax profit rise from £434.4k to £1.8m in the year to 30 June 2013, as it gears up to open its latest two sites in the capital
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FY PBT up at The Diner operator
The Good Life Group has reported a rise in full-year pre-tax profit from £459.9k to £711.3k, and said it was actively exploring “sources of long-term finance” to accelerate its expansion plans.
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News'Rising tide' lifts pub companies
A leading analyst has said there’s been a “rising tide” in the pub sector, helped by good trading over summer and Christmas and an “improving consumer outlook” that “fuels optimism in the licensed trade”. -
NewsJack: M&B trading to have picked up
A leading analyst has said that he expects LFL trading to have picked up over the last two months at Mitchells & Butlers (M&B), due to an improved sector backdrop, investment, IT roll out and efforts to improve service standards
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Collyer cuts JDW profits and earnings forecast
Leading analyst Geof Collyer has downgraded his profit and earnings expectations for JD Wetherspoon following its Q2 update yesterday, which he described as “the usual curate’s egg”, with improving like-for-likes but warnings of lower margins
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NewsJack: Fuller's has upgrade potential
Leading analyst Douglas Jack has reiterated his Add forecast for Fuller’s ahead of its Q3 interim management statement on Thursday, saying that it has “further upgrade risk”.
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AG Barr forecasts strong Q4
AG Barr, the soft drinks company, says it expects total revenue in Q4 to be c5.5% ahead of the previous year
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NewsBath Ales signs Russia export deal
Bath Ales, the brewer and pub operator, has signed a deal to export its beers to Russia
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NewsSSP hires Lazard for IPO launch
SSP, the travel concessions operator, has reportedly hired investment firm Lazard to advise on its market debut
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Jack raises JDW lfl prediction, cuts PBT estimate
Leading analyst Douglas Jack has increased his like-for-like sales growth prediction for JD Wetherspoon but cut his 2014 pre-tax profit forecast after the managed operator said it expects operating margin for the half year to have fallen from 8.3% to 8.1%L
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Cadwalader eyes growth after new finance package
Cadwalader Ice Cream, the Welsh ice cream parlour-meets-cafe operator, has announced plans to open four new cafes during 2014 and upgrade existing sites after securing a £750,000 finance package from HSBC
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NewsJDW Q2 lfls rise 6.7%
JD Wetherspoon has reported a 6.7% rise in like-for-like sales in the 12 weeks to 19 January although it expects pre-exceptional operating margin for H1 to be slightly lower than in the same period last year
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NewsFrench reiterates Hold for Marston's
Leading analyst Simon French has reiterated his Hold recommendation and 150p Target Price for Marston’s after a “slightly better than expected” trading update
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French: TRG still a Buy after Page steps down
Leading analyst Simon French says Andrew Page’s decision to step down as chief executive of The Restaurant Group does not alter the investment case in the company