Finance – Page 291
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NewsHeineken UK: on-trade dip in 2012, fruit cider lift
Heineken UK says the poor summer weather and “challenging” consumer environment in 2012 led to a fall in consumption in the on-trade in the year
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NewsM&C20 outperforms market by 16%
A pound invested in the companies that comprise the M&C20 at the beginning of May would now be worth nearly £1.16, as the index ticked up a percentage point this week to reach its highest level - 1,159
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NewsUK weather hits Krispy Kreme Q2 comps
Krispy Kreme, the doughnut retailer, says the unseasonably warm weather in the UK in July and the timing of major holidays outside the US contributed to a lowering of comps in its international franchise arm in the three months to 4 August compared to the previous quarter
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Restaurant sales up 5% at Westfield
Westfield has reported a 4.5% increase in sales across its two London centres for the first six months of 2013, helped by a 5% rise in restaurant sales
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NewsTRG H1 lfls up 5%
The Restaurant Group (TRG) has reported a 5% increase in like-for-like sales for the 26 weeks to 30 June 2013, with EBITDA up by 12.6% to £46.9m (2012: £41.7m).
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NewsLosses widen at Paul UK
Paul UK has reported a widening of pre-tax losses for the year to 31 December 2012, after its trading patterns in London were impacted by last summer’s Olympics and Royal events
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NewsManagement initiatives to aid Spirit trading
A leading analyst is forecasting a pick-up in managed LFL sales in Q4 to c.4% for Spirit Pub Company, which he said will be due to a combination of more favourable weather and management initiatives
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Greene King results will be 'more than robust'
Leading sector analyst Geof Collyer expects Greene King to report “more than robust” results for its retail arm for the first quarter of its current financial year
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Pernod Ricard reports "quasi-stability" in UK
Pernod Ricard, the global wine and spirit producer, says there was “quasi-stability” in the UK in the year to 30 June despite a 3% fall in sales across Western Europe (excluding France)
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NewsFY EBITDA up at Hawksmoor
Hawksmoor, the operator of four high-end steak restaurants in London, in which Graphite Capital recently acquired a stake, saw turnover for the year to 31 December 2012 pass the £18m mark, up from £10.6m the previous year
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Greene King Q1 expected to be strong
A leading analyst has said that he expects trading at Greene King during its first quarter to be strong and ahead of it assumptions
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NewsRisk takes stake in RHWB
Risk Capital Partners, the Luke Johnson-led investment vehicle, has completed the acquisition of a majority stake in Red Hot World Buffet (RHWB), the seven-strong group, founded by Helen and Parmjit Dhaliwal
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NewsM&C20 bounces back against FTSE
The M&C20 Index bounced back to outperform the FTSE All Share this week as both lists experienced an increase after the previous week’s declines
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NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks ahead to the Q4 update from Mitchells & Butlers (M&B), which is due at the end of September
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FY PBT up at Here For You Hospitality
Here For You Hospitality, the Lancashire-based leisure group that operates the 11-strong Yard Glass Pub Company, has reported a rise in pre-tax profit for the year 31 December 2012
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Osmond eyes return to sector
Hugh Osmond, the high-profile sector investor who previously backed PizzaExpress and Punch Taverns, is reportedly eyeing a return to the leisure sector after resigning from the board of insurance company Phoenix
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French tips 'resilient' TRG
Leading sector analyst Simon French has reiterated his Buy recommendation and 560p Target Price for The Restaurant Group ahead of its H1 results, predicting “resilient” results despite the good weather
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NewsLa Tasca to embark on refurb programme
La Tasca, the Simon Wilkinson-led chain, is embarking on an “aggressive refurbishment programme” within its current estate
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Wolf Blass growth lifts Treasury Wine Estates
Treasury Wine Estates, the global winemaking and distribution business, has reported a 263% rise in EBITS to $16m in the Europe, Middle East and Asia region for its 2013 full-year
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Pasty Presto set for next stage of growth
Pasty Presto, the pasty chain, is set for its next stage of growth, despite reporting a loss in its last financial year