Finance – Page 288
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NewsSheps: tenanted support, managed priorities, disposals, acquisitions
M&C Report takes a closer look at the full-year results for Shepherd Neame and talks to chief executive Jonathan Neame
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News
F&B lifts Network Rail retail lfls
Dining brands performed the strongest of all retail sectors at Network Rail-operated stations in the three months to the end of June, as Network Rail posted its best retail results for four years, aided by investments at key locations and favourable weather
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Collyer: Darby's M&B honeymoon 'over'
The market will be looking for concrete developments and targets from Mitchells & Butlers (M&B) to justify its rising share price, with the honeymoon period for chief executive Alistair Darby now over, leading analyst Geof Collyer has argued
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News
CCE FY turnover grows 1.7%
Coca Cola Enterprises (CCE), the UK arm of the soft drinks giant, has reported a 0.9% rise in pre-tax profits to £258.7m in the year to 31 December 2012 on turnover up 1.7% to £1.8bn
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NewsPunch FY in line; restructuring to start in final quarter
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with guidance, with like-for-like sales in its core estate up 0.4% in the fourth quarter and considers that a consensual restructuring of its business can be launched in the final three months of this year
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NewsShepherd Neame FY managed lfls grow 3.3%
Shepherd Neame, the Kent brewer and pub operator, has reported a 3.3% rise in like-for-like sales at its managed sites in the 52 weeks to 29 June and a “robust” performance of its tenanted estate, where like-for-like EBITDA fell 1%
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NewsTasty H1 PBT more than doubles
Tasty, the AIM-listed restaurant operator of the Dim T and Wildwood brands, saw pre-tax profits more than double from £360,000 to £787,000 in the six months to 30 June as it opened three more sites, taking its estate to 27 outlets
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NewsEncouraging lfl performance at DP Poland
DP Poland has reported an “encouraging” like-for-like sales performance for the 26 weeks to 30 June 2013, said that it had put its first sub-franchisee in place and developed a new store format to “deliver significant economies in both capital and operational expenditure”
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News
Essenden H1 lfls up 0.7%
Essenden, the ten pin bowling operator, which is currently considering acquisition opportunities across the restaurant and bar sectors, has reported a 0.7% increase in like-for-like sales for the 26 weeks to 30 June 2013
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NewsJack: M&B is 'one for 2014/2015'
Leading sector analyst Douglas Jack says he expects most of the upside for Mitchells & Butlers (M&B) to occur over the medium term
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News
AG Barr half-year volumes grow 4.2%
AG Barr, the soft drinks company, has reported a 12.3% rise in pre-tax profits to £16.6m in the six months to 28 July as it grew volumes sales by 4.2% over the period
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NewsM&C20 underperforms against FTSE
The M&C20 underperformed against the FTSE All Share this week despite a strong performance from Punch Taverns
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News
Analyst corner
Wayne Brown of Canaccord Genuity says his confidence in The Restaurant Group’s (TRG) outlook and market positioning has been “significantly enhanced” after a site visit to TRG’s Coast to Coast and Frankie & Benny restaurants in Brighton
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NewsFY EBITDA stable at Gaucho
Gaucho, the Argentinean steakhouse concept led by Zeev Godik, reported flat EBITDA growth in its last financial year, as interest payments and the closure of its Beirut site impacted turnover
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News
Land Sec raises stake in X-Leisure
Land Securities is to raise its stake in X-Leisure to 95%, after agreeing to purchase a further 35.6% interest in the UK’s largest leisure fund, for £104m
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News
Booker lfls accelerate in Q2
Booker Group has reported an acceleration of like-for-like sales in Q2, with the good weather lifting sales in its catering division and “solid progress” in Booker Direct, its delivered wholesale arm
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News
Doom Bar lifts Sharp's sales 30%
Increasing demand for Doom Bar helped Sharp’s, the Molson Coors-owned Cornish brewer, grow sales by 30% in the year to 29 December 2012 against the comparative 12-month period in 2011
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News
Luke Johnson makes Plymouth investment
Serial sector investor Luke Johnson is hoping to attract more businesses from the professional, financial or creative sectors to Plymouth after acquiring the Poseidon House office building in the city
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Analysis & Insight
Deals save consumers £170k on average
British consumers are saving up to £170,000 on eating out on an average weekday when using restaurant deals, according to new research daily deal aggregator Bownty.com
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News
SAB Miller outlines strategy
SAB Miller, the global brewer, will not change its strategy under new chief executive Alan Clark and has outlined three elements to his approach in a presentation to analysts