Finance – Page 293
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Moorhouse's turnover rises 18%
Moorhouse’s, the Lancashire brewer and pub operator, saw sales continue to rise last year, with turnover up 18% to £4.5m in the 12 months to 30 September 2012
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French downgrades Whitbread
Analyst believes Costa and Premier Inn will reach saturation in the UK earlier than anticipated, while ROIC at Whitbread Hotel & Restaurants is static
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Jack: Cineworld to outperform market
A leading analyst has said that he expects the cinema market’s attendance to be flat, but that Cineworld should outperform
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NewsStonegate completes Living Room acquisition
Stonegate Pub Company has completed the acquisition of 13 Living Room sites from Premium Bars & Restaurants (PBR) in a deal thought to be valued at around £10m
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Living Ventures in Gusto funding talks
Living Ventures, the north west-based restaurant and bar group, is in talks to secure new funding to roll out Gusto, its high street Italian restaurant brand
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Pembroke backs La Bottega rollout
Pembroke, the venture capital trust, which was launched earlier this year, has backed the £5m management buyout of La Bottega, the London-based chain of upmarket Italian delicatessens
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Chameleon PBT falls 23.2%
The northern England-based pub operator saw full-year pre-tax profits fall 23.2% to £84,242 and revealed that wet income now accounts for less than half of its sales
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NewsCharterhouse EBITDA grows 50%
Pre-tax losses narrow for the Coal Grill and Bar operators as it confirmed plans to open five more sites over the next few years
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Analyst corner
Jamie Rollo at Morgan Stanley looks ahead to the Q4 trading update from Spirit, which is due on 5 September and says that he expects the group’s trading to have improved markedly in July and August but LfL sales to slow once capex levels normalise
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McDonald’s sales in Europe fall 1.9%
McDonald’s has reported a modest increase in total like-for-like sales in July, up 0.7%, despite a 1.9% decline in sales across Europe during the month
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NewsHolts PBT falls 3%
The brewer and pub operator has reported a 3% fall in pre-tax profit to £3.6m amid “tough trading conditions” in 2012, despite “significant efforts” to develop its business
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Batemans PBT and sales rise
Batemans, the Lincolnshire brewer and pub operator, saw pre-tax profits grow from £73,580 to £239,687 on turnover up 5.7% to £15.4m in the year to 31 January
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Analysts mixed on Enterprise
Geof Collyer said he expected to see earnings per share growth in 2014 for the first time since 2006, while Douglas Jack cut his full-year forecast by 4%
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NewsEnterprise reports improving trends
Enterprise Inns has reported like-for-like net income for the total estate down by 2.7% in the 18 weeks to 3 August 2013 against a decline of 4.2% in H1, and like-for-like net income growth in the first five weeks of its final quarter
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NewsCinven weighs up Gondola options
Cinven, the private equity group, has been reportedly weighing up a sale of Gondola Group, operator of the PizzaExpress, Zizzi, Ask Italian and Byron brands
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Cabana secures fourth site; new funding
Cabana has secured its fourth site in London at the Designer Outlet, Wembley, and raised £3.5m of new funding
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YO! Sushi extends Frobishers deal
YO! Sushi has extended its two-year contract with Frobishers, the premium juices brand, by another two years
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Molson Coors Q2 Europe volumes dip 2%
Molson Coors has reported a 2% decline in volumes across Europe in three months to 30 June, although net sales per hectolitre grew nearly 5%
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Adnams: performance, tenancies, beer volumes, hotels
Adnams has reported a “difficult” half-year, with operating profit for the six months at £668,000 against £857,000 in H1 2012
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Papa John's reports global sales lift
The US-based firm has reported a 7.5% rise in comparable sales outside North America in the six months to 30 June as it announced a quarterly dividend of $0.25 per share