Finance – Page 280
-
News
GBK swings into profit
Gourmet Burger Kitchen (GBK) reported a pre-tax profit of £160k for the year to 24 February 2013, against a £685k loss the previous 12 months and said that this positive momentum had continued into its current financial year
-
NewsHarry Ramsden's signs Welcome Break deal
A new partnership to open branches of Harry Ramsden’s, the iconic fish & chip shop chain, on Welcome Break services has been confirmed, with Sheffield and Oxford the first locations
-
NewsEd’s agrees new £4.5m banking facility
Ed’s Easy Diner has secured its first ever extended bank funding in the form of a £4.5m facility with RBS, which will aid its continued rollout across the UK
-
NewsEnterprise FY lfl net income 'to fall c3%'
Leading analyst Douglas Jack has predicts that Enterprise Inns will report a c3% fall in like-for-like net income at its full-year results on Tuesday, and predicted its shares are “likely to have a flat year” in 2014 if like-for-like net income growth does not occur
-
News
Jack predicts Fuller's H1 PBT of £18m
Leading analyst Douglas Jack has forecast that Fuller’s will report a pre-tax profit of £18m in H1, up from £17.1m in the first half of 2012
-
News
Autogrill reports stable trading
Autogrill Group has reported a 2% decline in revenues to €2.94bn for the first nine months of 2013, down by 2% on the previous year
-
News
Kings Park: sector offers many investment opportunities
A partner at Kings Park Capital (KPC), the leisure sector investment fund, has told M&C Report that there’s “lot of different opportunities” for investments in the industry at present, following its £10m acquisition of a majority stake in coaching inn operator Inn Collection
-
News
Kings Park takes £10m stake in Inn Collection
Kings Park Capital, the leisure sector investment fund, has acquired a majority stake in Inn Collection for £10m and says it plans to add more sites to the northern England-based pubs-with-rooms operator
-
News
Adobo set for growth
Adobo, the fledging Mexican concept led by Mark Walker and Craig Fraser, is to go on the expansion trail after securing new investment, M&C Report understands
-
News
Vapiano UK GM wins global company award
Vapiano, the Italian fresh casual dining concept, has named one of its UK managers as its “Vapianisti of the Year” ahead of 5,000 other members of staff worldwide
-
News
Virgin Wines team completes £15.9m MBO
A £15.9m management buyout of wine retailer Virgin Wines has been completed with finance from Mobeus Equity Partners and Connection Capital
-
NewsMcDonald’s sales up 0.5% in October
McDonald’s has reported that comparable sales increased 0.5% in October, helped by a 0.8% rise in Europe, including a positive performance in the UK
-
NewsEAT set for next stage growth
EAT, the Lyceum Capital-backed chain, is set to embark on its next stage of development after it is believed to have agreed a new bank facility that has freed up a further £10m-£15m of funds
-
News
C&R expects positive results in 2014
Capital & Regional (C&R) said this morning that improved sentiment and asset management initiatives will deliver positive results for its shopping centres in 2014
-
NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks at the upcoming full-year results from Mitchells & Butlers (M&B) (26 November) and says he expects solid current trading, following a disappointing Q4
-
NewsWetherspoons and Spirit lead the leisure charge
The leisure sector strongly outperformed the wider equities market by three percentage points this week as the M&C20 Index rose 2.2% to 1,175
-
News
Wrapchic set to sign Compass deal
Wrapchic, the Birmingham-based Indian burrito concept, is set to sign an agreement with Compass that could eventually see it introduced into up to 200 sites across the UK, M&C Report understands
-
NewsJack upgrades TRG to Hold
A leading analyst has upgraded his recommendation of The Restaurant Group (TRG) from Reduce to Hold, saying that although he remained concerned about restaurant supply growth, the error in his negative recommendation was partly in expectation that the company’s competitors would be quicker to move into leisure parks
-
NewsBrewDog to accelerate bar openings
BrewDog, the Scottish brewer and pub operator, plans to accelerate its bar openings programme after announcing plans to extend its latest fund-raising drive, and is targeting five openings in 2014, co-founder James Watt has told M&C Report.
-
News
Everyman Cinema raises £8.1m on AIM debut
Everyman Cinema, the London-based cinema chain whose shareholders include Ask founders Adam and Sam Kaye, raised £8.1m when it floated on the Alternative Investment Market (AIM) yesterday