Finance – Page 270
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NewsMarston's Destination and Premium festive lfls grow 3.3%
Marston’s, the brewer and pub operator, saw like-for-like sales grow 3.3% over the key festive period (three weeks to 3 January) in its Destination and Premium division
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NewsSABMiller UK volumes grow 9%
SABMiller has reported a 9% rise in UK volumes in the three months to 31 December, led by Peroni Nastro Azzurro, as a result of “increased distribution and an improved rate of sale”.
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NewsFestive lfls up 7.4% at Las Iguanas
Las Iguanas said it experienced a third successive “bumper Christmas” with like-for-like sales up 7.4% across the festive season, taking three-year growth to over 25%
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D&D reports highest ever Christmas revenues
D&D London, the international restaurant group formerly known as Conran Restaurants, said that like-for-like revenues across its London-based restaurants climbed 5% over the festive season compared with the year before
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AB InBev agrees £3.5bn Oriental Brewery acquisition
AB InBev has agreed to buy South Korean brewer Oriental Brewery for $5.8bn (£3.5bn)
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Amber festive lfls grow 6%; eyes century of pubs
Amber Taverns, the fast growing operator of community wet-led pubs, saw like-for-like sales grow 6% over the 12-day festive period and said it planned to reach 100 sites by the end of 2014
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December lfls up 1.8% at Chameleon
Chameleon Bar & Dining, the Yorkshire and Lancashire-based multiple operator, has reported a positive end to 2013 with like-for-like sales up by 1.8% in December
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Analysis & InsightVenturing forward
If I had to put forward one man who could dominate the UK’s eating and drinking-out scene over the coming 12 months, I would be hard pressed to look past Tim Bacon, the chief executive of Living Ventures
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NewsFY lfls up 4.3% at SSP
SSP, the travel concessions operator, has reported like-for-like sales growth of 4.3% for the year to 30 September 2013 driven by strong performances in Asia Pacific, Eastern Europe, the Middle East and Scandinavia
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NewsEssenden bowls a strike for M&C20
The M&C20 Leisure Index tracked the general equities market this week, as both grew by a little over 1.2% to 1,249 and 1, 064 points respectively
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NewsBatram: Don’t expect M&B lfls to be far from flat
A leading analyst has said that in terms of like-for-like expectations at the 17 weeks stage for Mitchells & Butlers (M&B), he doesn’t expect the figure to be far from flat.
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NewsAnalyst corner
Ahead of the Q1 IMS from Enterprise Inns, Jamie Rollo at Morgan Stanley says he doesn’t expect a final decision on a statutory code for tenanted pub companies until after the next election
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Kornicis festive lfls rise 5.5%
Kornicis, the London-based bar and restaurant group, has reported a 5.5% rise in like-for-like sales in its City and Canary Wharf heartland in the five weeks leading up to the New Year
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Eclectic: overall sales in line with expectations
Newly-listed bar company Eclectic Bar Group has updated on trading for the six month period ended December 2013 saying that ”overall sales for the period are in line with the Board’s expectations”.
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NewsBrewDog grows bar lfls 17%; reveals openings programme
BrewDog, the Scottish brewer and pub operator, grew like-for-like sales 17% at its established bars last year, co-founder James Watt has told M&C Report as he revealed the company’s openings programme for the first half of 2014
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Ribble Valley December lfls grow 15.5%
Ribble Valley Inns, the four-strong food-led pub business owned by the Northcote Group, saw like-for-like sales grow 15.5% during December and said it has further acquisitions in the pipeline.
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NewsFrench: Eclectic presents a unique investment opportunity
Leading analyst Simon French has said that the recently listed Eclectic Bar Group represents a unique investment opportunity, stating that the 20-strong business could eventually triple in size and initiated coverage with a Buy recommendation and 210p Target Price.
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NewsJohnson acquires stake in stockbroker
Serial sector investor Luke Johnson has invested c.£1.4m in buying a 9.75% stake in the small stockbroker Arden Partners, raising speculation that he would look at listing some of the companies he has backed
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C&C Group reports tough cider market
Drinks company C&C Group has reported that trading for its UK cider business remains “challenging”, with volumes down 13.5% in the nine months to November 2013
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Euro Garages to expand estate
Petrol forecourt operator Euro Garages has announced a deal to buy 48 Esso petrol station sites in the Midlands and East Angla as it boosts its geographical coverage