Finance – Page 271
-
News
Kite Brewery secures Molson Coors deal
The award-winning Kite Brewery has secured a distribution agreement with Molson Coors for its Cwrw Gorslas and Welsh Pale Ale throughout South and West Wales
-
Analysis & Insight
Festive lfls rise 3.3% for sector
Like-for-like sales across 27 leading pub, restaurant and bar groups increased 3.3% over the festive season, with drink-led pubs in London the best performers at +6.5%, new figures show
-
News
Minister: Don't 'belittle' Responsibility Deal
However, Earl Howe said the Government would look at requests to introduce a sugar reduction pledge as part of the series of voluntary agreements with businesses on public health
-
NewsWagamama FY lfls grow 3.4%
Wagamama, the Duke Street Capital-backed noodle chain, has told M&C Report that like-for-like sales grew 3.4% in the year to 28 April 2013 and emphasised that there’s “considerable potential” for continued expansion
-
News
Lfls up 8.4% at Essenden
Essenden has reported an 8.4% increase in sales for the 15 weeks to 12 January 2014, with trading over the six week Christmas and New Year period up by 8.5%
-
NewsJack: Marston’s to have made good progress
A leading analyst has said that although Marston’s faces the hardest comps and has limited exposure to London, he expects the company to have made good progress over Christmas
-
NewsJack raises JDW TP
Leading analyst Doug Jack has raised his Target Price for JD Wetherspoon, “reflecting stronger medium-term growth prospects”, ahead of its H1 results next Wednesday
-
News
'Poor' on-trade hits Hop Back
Hop Back Brewery, the Wiltshire brewer, has cited poor national on-trade sales as the main reason for falling into the red in the year to 30 September 2013
-
NewsM&G eyes more sector investments
M&G Investments, the investment fund that recently leant money to Hall & Woodhouse and Caffe Nero, expects to make more investments in the leisure and hospitality sector through its new fund, M&C Report has learnt.
-
NewsJack raises Spirit TP
Leading analyst Douglas Jack has increased his Target Price for Spirit Pub Company from 100p to 110p after this morning’s Q1 interim management statement
-
NewsSpirit Q1 Managed lfls grow 4.3%; Leased returns to growth
Spirit Pub Company has reported a 4.3% rise in like-for-like net sales in its Managed arm in the 20 weeks to 4 January - including growth of 7% over Christmas - while its Leased estate returned to like-for-like net income growth
-
NewsAnalysts upbeat on Greene King
Leading analysts have given a positive response to Greene King’s Q3 trading update yesterday, in which it reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year
-
News
Jim Beam producer sold for $16bn
Beam Inc, the producer of the Jim Beam drinks brand, is to be bought by Japanese drinks manufacturer Suntory for c$16bn (£9.7bn)
-
NewsGreene King managed lfls rise 6.3% over festive fortnight
Greene King, the brewer and pub operator, has reported a 5% rise in like-for-like sales at its managed sites in the past six weeks, with managed like-for-likes up 6.3% in the two weeks over Christmas and the New Year, including sales on Christmas Day up 12%
-
News
Everards eyes six acquisitions in 2014
Everards managing director Stephen Gould has told M&C Report he hopes to add around six sites this year, as the company reports a 1.7% rise in profit before tax and exceptionals to £1.6m in the year to 30 September
-
News
Peach eyes acquisitions as festive lfls grow 7.1%
Peach, the Oxfordshire-based multiple pub operator, says it’s looking to secure one or two more new sites this year as it reports a 7.1% rise in like-for-like sales in December
-
NewsHall & Woodhouse secures £20m loan
Hall & Woodhouse, the Dorset-based brewer and pub operator, has secured a £20m, three year loan from M&G Investments to help it acquire and and invest in new pubs
-
NewsSugar campaigner: Responsibility Deal is 'crazy'
The chairman of the new campaign group that aims to reduce sugar in foods has told M&C Report he favours a voluntary approach, but if that doesn’t work “we’ll have to legislate” or push for a “sugar tax”
-
News
Analyst corner
Simon French at Panmure Gordon looks ahead to next week’s trading updates from Greene King and Spirit Pub Company
-
NewsRollo: M&B expected to report c1% lfl growth
A leading analyst has said that he expects Mitchells & Butlers (M&B) to only report c.1% like-for-like sales growth despite what should be a strong festive season when it updates the market at the end of this month