Finance – Page 275
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News
BBPA returns to pre-tax profit
The British Beer & Pub Association returned to pre-tax profit in the year to 30 September, a period described by chief executive Brigid Simmonds as “very successful” for the trade body
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News
Imbiba looks to raise £6m
Imbiba Partnership is looking to raise £6m from its latest round of fundraising as it looks to add further sites to its Darwin & Wallace (D&W) and Camm & Hooper (C&H) vehicles
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Analysis & Insight
Operators report 1.7% lfls growth in November
Like-for-like sales among 27 leading pub and restaurant groups increased 1.7% in November compared to the same month last year, with managed pub operators the main drivers of growth, new figures show
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NewsEnterprise shares 'at tipping point'
Enterprise Inns is likely to return to absolute EBITDA growth in 2015 and its shares have now reached a “tipping point”, according to leading analyst Geof Collyer
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NewsJack: Domino’s in flux
A leading analyst says that ahead of Domino’s full-year trading update, which is due 8 January, much depends on a replacement being found for chief executive Lance Batchelor and how that influences strategy
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NewsLa Tasca secures new funding
La Tasca is understood to have completed a restructure that will see its existing backers invest additional funds to aid further investment in its current c50-strong estate and back an accelerated acquisition programme
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OpinionThe positive pull of leisure
Despite the backdrop of economic doom and gloom the leisure property market is bucking the trend and providing canny investors with impressive returns, argues Mark Sheehan, managing director of Coffer Corporate Leisure
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News
Thorley Taverns returns to profit; sites on market
Thorley Taverns, the Kent-based pub, restaurant and hotel group, returned to profitability in the year to 30 June and revealed that a number of its “less successful” sites are on the market
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News
Ministry of Sound club revenues grow 5%
Ministry of Sound, the music business that runs the eponymous nightclub in London’s Elephant and Castle, saw revenue in its club division grow again in the year to 31 December 2012
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News
Rollo: Expects slowdown at JDW
A leading analyst has said that expects JDW to report a slight slowdown in LfL sales from 3.7% in Q1 to 2% in Q2 and aslight contraction in the operating margin in F14
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News
AB InBev invests in Bar Pass
AB InBev has made an investment in start-up firm Bar Pass, which will see the company’s technology rolled out across the country nest year.
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NewsRollo: Solid Q1 expected from Spirit
A leading analyst has said he expects solid Q1 Managed LfLs from Spirit Pub Company given it reported a 4% increase for the first eight weeks and Christmas sits midweek
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News
FY PBT up at Zerodegrees
Zerodegrees, the microbrewery, pub and restaurant operator, has reported an increase in full-year pre-tax profit despite a slight decline in turnover
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NewsAnalyst corner
A trio of leading analysts - Jamie Rollo at Morgan Stanley, Wyn Ellis at Numis and Karl Burns at Panmure Gordon - take a closer look at the Costa investor day
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News
Osmond vehicle acquires Berkshire venture
SCP Hotels Limited, which is led by former Pizza Express and Punch Taverns entrepreneur Hugh Osmond, has acquired the Great House Hotel and Restaurant in Sonning-on-Thames, Berkshire, for c£5m
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News
Captive Media secures funding for UK rollout
Captive Media, the company behind the first interactive washroom media system for on-trade venues, has appointed three new industry figures to its Board of Advisors and secured £300k in new funding to boost the company’s presence across the UK.
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Analysis & Insight
WRBM acquires Allegra’s Foodservice portfolio
M&C Report’s owner William Reed Business Media (WRBM) has acquired the Allegra Foodservice business - formerly a division of Allegra Strategies
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News
F&B drives Network Rail growth
Retail sales at Britain’s biggest and busiest railway stations continue to significantly outperform the high street, aided by an increase in sales across food retailers, pubs and bars, latest figures from Network Rail show
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Analysis & Insight
Further squeeze on household spending
Household spending on alcohol and tobacco declined from £13.60 a week in 2010 to £12.60 in 2012, while spend on restaurants and hotels fell from £42.30 to £40.50
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News
McMullen’s secures Old Bank of England site
Hertfordshire brewer and operator McMullen’s has secured the freehold of the building occupied by the Old Bank of England Pub in London’s Fleet Street for a sum believed to be in excess of £8m