Finance – Page 294
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News
US firm acquires original UK Hooters
Chanticleer Holdings has announced it has entered an agreement to acquire the original Hooters site in the UK in Nottingham
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Arran Brewery eyes £4m share issue
The Scottish company plans to raise £4m via a public share sale beginning in October to raise £4m for expanding its pub and brewery business
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Brown: Many questions remain unanswered at Domino’s
A leading analyst has said that many questions remain unanswered at Domino’s following its half-year update last week
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Wray collects over £140m from Domino’s share sale
Property entrepreneur Nigel Wray has collected about £144m in total from selling shares in Domino’s Pizza Group
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Little Chef buyer 'working on another major deal'
Davis Coffer Lyons says it’s working with Kuwaiti-based Kout Food Group on another multi-site transaction after advising on its acquisition of Little Chef
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Greggs: Food-to-go focus, LFLs fall 2.9%
Greggs says it will place a new focus on food-to-go and pull back on expansion as it reports a 2.9% fall in like-for-like sales in the 26 weeks to 29 June
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Waitrose acquires The Good Food Guide
Waitrose has acquired The Good Food Guide and said it intends to continue to operate the 63-year-old publication as an independent guide to eating out in the UK
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Wray collects £28m from sale of Domino’s stake
Property entrepreneur Nigel Wray has sold his entire stake in Domino’s Pizza, collecting £28m in the process
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Little Chef to live on after c£15m deal
Little Chef, the iconic restaurant chain is to live on after the c80-strong business was acquired from RCapital by the Kuwaiti company Kout Food Group Restaurants UK Limited (KFGR-UK), in a deal, which valued the business at around £15m
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NewsEnterprise boost prevents M&C20 Index slide
The M&C20 Leisure Index (up 3 points to 1,159) underperformed the FTSE All Share Index (up 14 points to 1,032) for only the fourth time in the last quarter, despite the best efforts of Enterprise Inns, whose shares rose 14.3% over the past week. Without Enterprise’s contribution, the index would ...
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Analyst corner
Simon French of Panmure Gordon looks ahead to the Q3 update from Enterprise Inns which is due next Thursday (8 August), expects like-for-like net income to have improved but downgrades his long-standing Buy recommendation to Hold
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Analysis & InsightLfls up across pub market, but average running costs also climb
Like-for-like sales climbed 5.8% across the UK’s pub sector in the year to October 2012, with community locals and food led outlets outperforming the market. However, the report found that for first time in four years, the average cost of running the average pub has increased.
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French cuts EPS forecast for Marston's
Leading sector analyst Simon French has reduced his earnings per share forecast for Marston’s and said the market remains concerned that there’s little discernible uplift in profitability
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NewsFrench raises TP for JDW
Leading analyst Simon French has upgraded his earnings per share forecast and Target Price for JD Wetherspoon following last week’s “better than expected” trading update
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Birmingham Council withdraws from Responsibility Deal
Birmingham City Council is the latest body to withdraw from the Responsibility Deal over the decision to shelve plans to introduce minimum pricing of alcohol and plain packaging for cigarettes
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Saltaire Brewery secures grant
West Yorkshire brewer Saltaire has secured a £12,000 grant from a local business growth fund to expand its brewing operations
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Tasty extends bank facility
Tasty, the AIM-listed restaurant operator of the Dim T and Wildwood brands, has renewed and extended its existing debt facility by £1.5m as it looks to further expansion
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NewsCollyer raises Enterprise TP by 40%
Leading sector analyst Geof Collyer has raised his Target Price for Enterprise from 135p to 190p ahead of the next phase of “rehabilitation” for the company
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NewsQ2 lfls up at Burger King on overseas performance
Burger King, the global fast food chain, has reported a 0.6% rise in like-for-like sales for its second quarter
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US broker downgrades Marston’s
US broker Jefferies has downgraded Marston’s to ‘hold’ from ‘buy’ from on valuation grounds