Finance – Page 279
-
News
Coffer: 2013 busiest for M&A in six years
Coffer Corporate Leisure, which provides M&A advice to the leisure sector, says this year has been its busiest period since 2007, having advised on over £200m of leisure investment transactions in 2013
-
News
Admiral EBITDA up 7.1%
Admiral Taverns has reported a 7.1% rise in underlying EBITDA to £10.4m in the 23 weeks since its c£200m acquisition by US private equity group Cerberus
-
News
Pizza concept raises £440k through Crowdcube
Pizza Rossa, a fledgling concept led by Corrado Accardi, has raised £440k raised from 122 investors through Crowdcube, topping its planned target figure of £280k
-
News
Collyer: End of an era, start of a new era
A leading analyst has said that the market should take the retirement of Enterprise Inns chief executive Ted Tuppen as a sign that the period of difficult trading over the past six years is coming to an end
-
News
FY net income down 2.9% at ETI
Enterprise Inns has this morning reported a 2.9% decline in like-for-like net income for the year to 30 September, but said that it had witness an improving trend in the final quarter of the year, with like-for-like net income growth of 0.6%
-
Opinion
Turning point for the sector
This year will come to be seen as a turning point in the market, argues Peter Hansen, founder of Sapient Corporate Finance
-
Opinion
JW Lees PBT grows 23.1%
JW Lees, the Manchester-based brewer and pub operator, saw pre-tax profits grow 23.1% to £5.9m in the year to 31 March and it reiterated plans to expand after securing a £10m facility from the Royal Bank of Scotland
-
News
Rollo expects solid Q3 from Whitbread
A leading analyst said he expects Whitbread to report solid like sales growth of 3%, in line with H1 when it updates the market on 10 December, but that growth across its restaurants will be flat due it being underrepresented in London
-
News
French: Good growth expected for Fuller’s in Q3
A leading analyst has said he expects Fuller’s to report a period of good progress with c7% growth in earnings to £18.3m PBT when it announces its H1 results for the 26 weeks to 28 September on 22 November
-
News
Openings to aid Young’s performance
A leading analyst has said that he expects a raft of new openings to have provided momentum to the performance of Young’s, which will release its H1 results for the six months ended 30 September on 21 November
-
News
M&C20 large caps have a bad week
The M&C20 Index suffered one of its biggest reverses this week to finish down 2.3% at 1,127, the leisure sector badly underperforming the market as the FTSE All-Share index advanced a point to 1,036
-
News
Analyst corner
Simon French at Panmure Gordon looks ahead to Enterprise Inns’ full-year results next Tuesday (19 November), saying that he believes it will have struggled to reach its Q4 like-for-like target for profitability
-
News
Stonegate acquires Bramwell portfolio
Stonegate Pub Company, the TDR Capital-backed group, has completed the acquisition of 78 sites from the administrators of Bramwell Pub Company, in a deal that is believed to be valued at around £35m, M&C Report understands
-
News
Hansen: 2013 a turning point for pub market
This year will prove to be a “turning point” in the pub market, Sapient Corporate Finance founder Peter Hansen has predicted. Speaking at M&C Report’s Pub Retail Summit, he predicted banks would start to “loosen up” - and clearing banks would begin “piling back into the market”.
-
News
JW Lees targets £100m turnover
JW Lees, the Manchester-based brewer and pub operator, has said that it is targeting sales of £100m within five years
-
News
Odeon cinema portfolio in £80m sale
LondonMetric Property has announced it has exchanged contracts to acquire a 10-strong portfolio of Odeon multiplex cinemas from Odeon Property Group for £80.6m
-
News
TRG lfls up 3.5%, in line with expectations
The Restaurant Group (TRG), the operator of Chiquito and Frankie & Benny’s, has said that its like-for-like sales were ahead 3.5% in the 45 weeks to 10 November and in line with its expectations
-
News
Orchid reports impressive ROI
One year on from the start of its company-wide £20m investment programme Orchid Group, in which private equity and trade buyers are showing an interest, has reported impressive returns across its estate
-
News
City Pub Co FY turnover to reach £7m; reveals acquisition targets
City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, expects turnover to reach £7m in 2013 and is targeting seven acquisitions under its forthcoming £10m fundraising drive, co-founder Clive Watson has told M&C Report
-
News
Good Q3 lifts Carlsberg in UK
Carlsberg has reported that the UK market fell c1% in the nine months top 30 September, although it was “positively impacted by favourable weather” in Q3