Finance – Page 285
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NewsCaffe Nero FY lfls grow 2.8%
Caffe Nero, the Gerry Ford-led chain, has reported a 2.8% rise in like-for-like sales in the year to 31 May, as EBITDA increased by 10.8% to £34.9m, and said it planned to open 45 stores next year
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NewsM&C20 flat after mixed-bag leisure sector performance
It was a flat week for the M&C20, with 10 stocks up, 9 down and one unchanged - with the result that the index ticked down 0.2% to 1,119
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Market Town Taverns reports 'steady' trading
Market Town Taverns, the Yorkshire-based pub and bar operator, has said it had a “steady period of performance” in the 16 months to 2 February and stated that it planned to undertake some “sizeable investments” in existing sites this year
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NewsAnalyst corner
Leading analyst Jamie Rollo looks ahead to JD Wetherspoon’s Q1 interim management statement on 6 November, predicting a “solid” trading update “with few surprises”
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Red's secures expansion fund
Red’s True BBQ, the fledgling Leeds-based operator, has secured funding from the Royal Bank of Scotland to secure a further three sites, as it looks to grow to around 15 to 18 units over the next five years
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NewsTasty 'seeks new equity funding'
Tasty, the AIM-listed restaurant group, is rumoured to be asking shareholders about new equity funding as it looks to open 18 sites by the end of 2014, according to The Times
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PBT falls 5.1% for UK Hard Rock operator
Hard Rock Cafe UK, operator of the eponymous American restaurant brand in Britain, saw pre-tax profits fall 5.1% to £5m in the year to 31 December 2012
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Joule's completes £4m funding deal; names new chairman
Joules, the Shropshire brewer and pub operator, has completed a £4m funding deal with NatWest and has named Mark Heappey, formerly a partner at 3i, as its new chairman, M&C Report has learnt
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NewsGreggs sets capex target
Greggs is looking to have a capex spend of between £40m and £45m each year for the next few years across its c1,700-strong estate as it looks to restore like-for-like sales growth
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Caprice Holdings FY EBITDA static
Caprice Holdings, the restaurant group led by Richard Caring, has reported a static EBITDA of £8.6m in the year to 30 December 2012 although like-for-like sales fell 1.2%, with the company citing the “negative impact” of the Jubilee and Olympics on its West End and Mayfair sites
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NewsCollyer downgrades forecast for Marston's
Leading analyst Geof Collyer has downgraded his forecast for Marston’s after its update yesterday, saying the company has a “dull medium term outlook relative to most peers”
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NewsYum! Q3 UK sales rise 1%; cuts growth estimates
Yum! Brands has reported a 1% rise in UK system sales in the three months to 7 September, although “weak results” in Pizza Hut UK and across Japan were cited as the reason for a 1% decline in same-store sales in international developed markets
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NewsGreggs lfl decline narrows
Greggs, the bakery chain, has reported a narrowing of its like-for-like sales decline in the 13 weeks to 28 September and said the “re-shaping” of its estate is ahead of plan so it expects no increase in net shop numbers
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Vianet results suffer as pub industry waits for statutory code ruling
Uncertainty surrounding the Government’s proposed Statutory Code for pub companies is casting a shadow over beer flow monitoring firm Vianet, the company reported in a trading update today - warning that full-year profits will be down circa 10%
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Losses widen for Fire & Stone operator
CG Restaurants and Bars, operator of the Dirty Martini and Fire & Stone brands, saw losses widen from £396,000 in 2011 to £1.6m in 2012 despite seeing turnover grow 45% to £12.6m
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NewsMarston’s to accelerate new builds after strong second half results
Marston’s is accelerating its new-build programme after reporting an “encouraging” performance in the second half of its financial year, helped by good weather and strong sales in its Destination and Premium pubs
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NewsH&W PBT and sales grow in 'important' year
Hall & Woodhouse, the Dorset brewer and pub operator, says it has facilities of £60m in place for potential acquisition opportunities as it reports a rise in sales and profits in an “important” year
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Baa Bar FY lfls fall 7.8%
Baa Bar, the 11-strong Liverpool-based bar operator, has reported a 7.8% fall in like-for-like sales in the 12 months to 30 April
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G1 buys tenanted vehicle outright
The move is revealed in G1’s full year results that show full-year operating profit - including its tenanted subsidiary - grew 18.6% to £10.4m. Turnover increased 11.2% to £66m and EBITDA was £16.3m
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Wellington PBT falls 27.2%
Wellington Pub Company, the free-of-tie leased pub operator, has reported a 27.2% fall in pre-tax profits to £6.7m in the year to 31 March 2013