Finance – Page 278
-
NewsFY PBT doubles at Nando’s Group
Nando’s Group, the operator of the eponymous peri peri chicken chain and Gourmet Burger Kitchen (GBK), saw pre-tax profit more than double in the year to 24 February 2013, up from £14.7m to £33.4m, while turnover increased from £419.6m to £485.2m
-
News
FY revenue up 4.4% at Britvic
Britvic grew its full year revenue by 4.4% to £1.32bn for the 52 weeks ended 29 September 2013 and saw pre-tax profit increase by 29.1% to £108.1m
-
NewsM&B FY lfls grow 0.4%
Mitchells & Butlers (M&B), the managed operator, has reported a 0.4% rise in like-for-like sales in the year to 28 September as pre-tax profit grew from £82m to £150m
-
NewsSearcys up for sale for £25m-£30m
Searcys, the upmarket bar and restaurant operator and caterer, has been put up for sale at a price of £25m to £30m, according to the Sunday Times
-
NewsCarlson considers sale of TGI Friday’s
Carlson, the US-based parent company of the TGI Friday’s casual-dining chain, has announced it is undertaking a corporate review of its strategic options, which could include a possible sale of the restaurant brand
-
News
Improved margins at M&B to cover-up weak sales growth
A leading analyst has said that improved margins at Mitchells & Butlers (M&B) should help cover-up for weak sales growth in FY’13
-
NewsClear winners and losers behind flatlining M&C20
It was an uninspiring week for the equities market, as both the leisure sector and wider share-prices indices ticked down a few points
-
NewsFrench: Marston’s strategy “relatively risky”
A leading analyst has said that he believes Marston’s strategy of accelerating disposals of bottom-end wet-led pubs whilst allocating more capital to new build food-focussed managed pubs remains relatively risky given the step up in industry supply
-
NewsFuller's: Developments, acquisitions, Brewer Street, Frontier
M&C Report takes a closer look at the H1 results for Fuller’s for the 26 weeks to 28 September and talks to Simon Emeny, who became chief executive on 1 July
-
News
Collyer: premium and destination key at Marston’s
A leading analyst has forecast that full-year group revenue at Marston’s will have increased 4.8% with the top end of its retail division being the major driving factor (+7.9%)
-
Analysis & InsightGolden rules for a smooth deal
Selling a business is a rewarding but complex undertaking involving many variables. There are, however, five key areas that present particular challenges and must be handled with care, says Paul Dolman, lead leisure partner at Travers Smith
-
NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to the full-year results for Mitchells & Butlers (M&B) next Tuesday (26 November) and says he expects “few surprises”
-
NewsFY lfls up 19% at Abokado
Abokado, the London-based chain of healthy food bars led by Mark Lilley, has reported a 19% rise in like-for-like sales for the year to 31 March 2013, during a period in which it opened four new sites
-
News
Jack upgrades PBT Fuller's estimates for 2015 and 2016
Leading analyst Douglas Jack has upgraded his pre-tax profit estimates for 2015 and 2016 for Fuller’s following the London-based brewer and pub operator’s H1 results this morning
-
NewsFuller's H1 EBITDA grows 4%
Fuller’s, the London-based brewer and pub operator, has reported a 4% rise in EBITDA to £28.1m in the six months to 28 September as like-for-likes in its managed estate grew 7.9%
-
News
Jack: Conditions right for sector expansion
Current conditions provide a “favourable backdrop” to expansion for a number of leading pub and restaurant groups, according to leading analyst Douglas Jack
-
News
Young's: Rooms, acquisitions, transfers, investments
M&C Report takes a closer look at the results for Young’s, the London-based pub operator, for the 26 weeks to 30 September and speaks to chief executive Stephen Goodyear and retail director Patrick Dardis
-
NewsYoung's H1 lfl revenue grows 5.6%
Young’s, the London-based pub operator, has reported a 5.6% rise in like-for-like revenue in the 26 weeks to 30 September against “strong comparatives” in the corresponding period last year
-
NewsH1 volume sales up 5% at Miller Brands UK
SABMiller has announced that its UK subsidiary, Miller Brands UK (MBUK), grew domestic lager volume sales by 5% in the six months to 30 September 2013
-
NewsEclectic raises £15m on proposed AIM admission
Eclectic, the Avanti Capital-backed bar and club operator led by Reuben Harley, has successfully raised £15m through its proposed admission to trading on AIM on 28 November