Finance – Page 287
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NewsLe Bistrot Pierre secures expansion fund
Le Bistrot Pierre, the highly-rated French restaurant chain, has secured a new multi-million pound financing deal that will see the 10-strong group double the number of its outlets over the next four years
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GRS Pubs grows underlying profits 14%
GRS Pubs, the tenanted pub group formerly owned by London Town, saw underlying profits rise 14% to £448,000 in the year to 30 December as it continued to trim its estate
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NewsFY EBITDA climbs 11% at Pho
Pho, the the Isis Equity Partners-backed Vietnamese fast-casual concept, has reported an 11% increase in EBITDA for the year to the 24 February, as turnover climbed 26% to £8.2m
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FY EBITDA falls at Itsu
Itsu, the chain founded by Julian Metcalfe and led by Gerard Loughran, reported a drop in EBITDA for the year to 3 January 2013 to £3.26m, against £3.6m in 2011/2012, as turnover climbed 22% to £45.2m on the back of eight new site openings
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NewsWeak M&B performance impacts M&C20
The 1% decline in Q4 like-for-like sales reported by Mitchells & Butlers (M&B) this week impacted the M&C20 Index, which fell by 1.3% to 1,148.32, to marginally underperform the FTSE all share, which declined by 0.9% to 1,014.49
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French: Market likely to remain sceptical on Domino’s
A leading analyst has said that until there is greater certainty around its operation in Germany the market is likely to remain sceptical as to Domino Pizza Group’s long-term potentia
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Analyst corner
Jamie Rollo, analyst at Goldman Sachs, looks ahead to the upcoming Q4 update from Spirit Pub Company (22 October).
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French downgrades M&B EPS forecast
Leading analyst Simon French has downgraded his earnings-per-share forecast for Mitchells & Butlers (M&B) following a “disappointing” trading update
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Rollo predicts 10% EPS growth for Whitbread
Leading analyst Jamie Rollo predicts Whitbread will see its earnings per share grow 10% to 89.6p at its H1 results on 22 October, and says the shares need forecast upgrades
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Batram: Marston’s set for solid finish
A leading analyst has sauid that he expects Marston’s to report a solid finish to its financial year with good progress made on its disposal programme
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Richoux EBITDA grows 12%
Richoux, the AIM-listed restaurant operator, saw EBITDA grow from £660,000 to £740,000 in the 28 weeks to 14 July as it reiterated plans to secure new sites
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NewsJack upgrades Domino’s to Buy
A leading analyst has raised its recommendation for Domino’s Pizza to Buy following recent weakness, and said the group was in good shape with his only concern being a “slight slowdown in expansion”
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Rick Stein’s group reports FY sales decline
Seafood Restaurant Company, the business led by high-profile chef Rick Stein, reported a 4% decline in turnover to £14.6m in the year to 30 December 2012
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NatWest eyes extension to £150m leisure fund
NatWest would like to extend its £150m fund for small and medium leisure firms, around half of which has already been allocated 18 weeks after its launch
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NewsOrchid reports modest FY underlying growth
Orchid Pub Company has reported modest underlying growth across its c240-strong estate for the year to 31 December 2012, 12 months it decribed as “transformational”, whilst like-for-like sales are currently ahead by 3%
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Compass predicts 4% rise in FY revenues
Compass Group, the international caterer, says it expects to report a 4% rise in organic revenues in the year to 30 September after a “good performance” in Q4, despite a 3% fall in organic revenues in the Europe & Japan division
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NewsOrchid Carvery lfls grow
Orchid, the managed operator, is reporting a 5.8% rise in like-for-like sales across its 47-strong Great British Carvery sites
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Peel Hunt upgrades TRG
A leading analyst has upgraded his recommendation on The Restaurant Group’s shares to Buy on the back of increased visibility in the context of an expanding new site pipeline, combined with consistently high returns
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One in four Star pubs takes cut-price Sky deal
Almost one in four lessees of Star Pubs & Bars have signed up to the deal that offers 30% off Sky Ultimate if they stock specific Heineken products
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NewsM&B Q4 lfls down 1%
Mitchells & Butlers (M&B) has this morning announced a 1% decline in like-for-like sales for the nine weeks to 21 September, but said that it expected to deliver a full-year result in line with expectations