Finance – Page 284
-
NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to Spirit Pub Company’s full-year results on Tuesday 22 October, forecasting 1% like-for-like sales growth in the managed estate and 0.5% like-for-like net income growth in its leased pubs
-
NewsM&C20 'posts' and increase in Royal Mail bonanza week
The M&C20 index enjoyed a bounce this week after four consecutive weeks of decline, rising 2.9% to end on 1,152
-
News
French: Costa reaching saturation in UK
A leading analyst has said that he believes Costa is approaching saturation in the UK whilst the international business is being deprived of the investment needed to capitalise on the growth opportunity
-
News
Britvic reports strong Q4
Britvic reported this morning that its full-year profit will come in slightly ahead of its earlier expectations as it reported strong trading for the fourth quarter
-
NewsGondola delivers strong performance
M&C Report takes a closer look at the full-year update from Gondola Group, the operator of PizzaExpress, Zizzi, ASK and Byron, including its capital structure, international expansion plans, the repositioning of Zizzi, a new FD for ASK, a breakout year for Byron and its feeling that there are early signs of recovery in the broader economy
-
NewsSABMiller UK H1 volumes grow 5%
SABMiller, the global brewer, saw volumes in its UK subsidiary Miller Brands grow 5% in the six months to 30 September, led by its Peroni Nastro Azzurro brand
-
News
Growing confidence represents investment opportunities
A leading analyst has said that growing consumer confidence and an improving sector profile is presenting investment opportunities and names The Restaurant Group aned Greene King as his two conviction plays on relative outperformance versus the rest of the sector
-
News
Booker H1 lfls rise 2.3%
Booker Group has reported a 2.3% rise in like-for-like sales in the 24 weeks to 13 September, with non-tobacco like-for-likes up 5%, on sales up 16.5% to £2.2bn
-
NewsDiageo Q1 sales dip in Western Europe
Diageo has reported a 1.1% decline in net sales in Western Europe the three months to 30 September and said it expects a low single digit net sales decline in the region for the full year
-
News
Sales growth slows in September
Britain’s pub and restaurant groups saw sales growth slow in September after a summer of solid trading, with like-for-like sales up just 0.4% compared to the same month last year, according to the latest figures from the Coffer Peach Business Tracker
-
Analysis & Insight
Eye on IPOs
With all the publicity and conjecture associated with the Royal Mail’s IPO, David Roberts, corporate lawyer and head of Olswang’s leisure practice, considers whether the F&B sector will catch the IPO bug.
-
News
Everyman Media Group 'to bid for Picturehouse sites'
Everyman Media Group, the cinema operator, is expected to bid for the Picturehouse cinemas that Cineworld is being forced to sell, according to The Times
-
News
Coca-Cola Company Q3 volumes grow 2%
The Coca-Cola Company, the global soft drinks firm, has reported a 2% rise in global volumes in Q3, with international volumes up 3% in both the quarter and the year to date
-
News
F&B firms looking to up investment
Driven by rising optimism globally many UK food and beverage companies are looking to increase investment across areas such as facilities, equipment,IT and product development over the next 12 months, according to a new report from advisory firm Grant Thornton
-
NewsNatwest and RBS to add £150m to Leisure Fund
NatWest and RBS have added a further £150m to their dedicated Leisure Fund aimed at small and medium-sized businesses after receiving “incredible” demand from across the industry
-
NewsJack: Spirit is undervalued
Leading sector analyst Douglas Jack has said the time is right to buy shares in Spirit Pub Company, which he says are “undervalued”
-
News
Glendola plans cocktail and craft concept
Glendola, the bar and restaurant group, is to open a new cocktail and craft beer concept at its latest venue in the City as it looks to be more innovative over the coming year, M&C Report has learnt
-
News
Finance provider sees more enquiries from sector
Boost Capital, the business finance provider, says it has seen a “dramatic rise” in enquiries for bar and restaurant operators in particular as it reports that one third of all demand from small and medium enterprises has come from the hospitality sector
-
NewsLa Tasca reports “massive turnaround”
La Tasca has reported a 68.9% increase in like-for-like EBITDA for the seven months to the end of September and said it had seen a “massive turnaround in performance” since its underwent a Company Voluntary Agreement (CVA) last year
-
News
Glendola PBT grows 30%
Glendola Leisure, the London-based bar and restaurant group, has reported a 30.1% rise in pre-tax profits to £2.5m in the year to 30 March on turnover almost static at £28.5m