Finance – Page 295
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News
Diageo reports "resilient" GB FY; Guinness sales dip 3%
Diageo has reported “resilient” trading in Britain in the year to 30 June despite a 3% decline in Guinness sales and 9% fall in ready-to-drink
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AB InBev UK volumes fall 8.6%
AB InBev, the global brewer, says a cold spring was the main reason for an 8.6% fall in volumes (including cider) in the UK in Q2
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Polpo receives backing for next launch
Polpo Ltd has worked with NatWest to fund the opening of its next venture Ape & Bird in Shatfesbury Avenue
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Domino's: Germany, digital, new design, analysts
M&C Report takes a closer look at the H1 results for Domino’s Pizza Group and reports from a presentation for analysts featuring CEO Lance Batchelor and CFO Lee Ginsberg
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Collyer: JDW needs proof of stability
Leading sector analyst Geof Collyer says investors should demand more “proof of stability” in JDW, although he raised his Target Price after a “better than expected” Q4
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Square Pie eyes national expansion
Square Pie, the chain of gourmet pie shops, plans to operate 20 sites within the next four years after securing new funding
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Camden Town signs deal with Australian brewer
The north London brewer has entered an agreement with Stone & Wood Brewing Co to support and distribute each other’s beers in their respective markets
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Interest swaps appeal begins
A legal appeal by two businessmen against alleged mis-selling of controversial interest rate swaps, which could have ramifications across the leisure sector and in other industries, has begun
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NewsDomino's H1 hit by Germany; CFO Ginsberg steps down
Domino’s Pizza Group has reported a 10.3% rise in pre-tax profit excluding its Germany and Swiss operations to £25.7m in the 26 weeks to 30 June on sales up 13.8% to £326.5m
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Fuller’s secures Blackfriars site from Punch
Fuller’s has strengthened its London estate with the acquisition of the White Hart pub in Blackfriars from Punch Taverns in an off-market deal for in excess of £2.5m
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Rollo increases JDW target price
A leading analyst has raised his earnings forecast and increased his target price for JD Wetherspoon
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Analyst corner
Simon French of Panmure Gordon looks ahead to Domino’s Pizza’s H1 results on Tuesday (30 July), predicting profit growth in the UK but a widening of losses in Europe.
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NewsGraphite takes stake in Hawksmoor
Graphite Capital, the private equity backer of Rex Restaurants, has backed the management buy-out of Hawksmoor, in a deal which values the company at around £35m.
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NewsWetherspoons drags M&C20 Index higher
JD Wetherspoon was almost single-handedly responsible for dragging the M&C20 Leisure Index higher this week
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NewsStarbucks reports best ever Q3
Starbucks has reported its best third-quarter performance in its history with a 13% rise in net revenues to $3.7bn
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SABMiller Q1 UK volumes fall 8%
Brewer cites the impact of reduced discount levels on Miller Genuine Draft, while revenues and volumes across Europe are hit by poor weather and “weak consumer sentiment”
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Fuller's mends roofs while the sun shines
Fuller, Smith & Turner has caught up on the repairs programme and trading that was disrupted by last year’s summer rain
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M&B reports 1.6% rise in Q3 lfls
Mitchells & Butlers (M&B) has this morning reported a 1.6% increase in like-for-like sales in its third quarter, including a 2% rise in performance in the most recent nine weeks
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Catering income rises at Heathrow
Heathrow Airport’s catering income climbed by 5.6% to £19m in the first six months of 2013
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Best Placed to re-start private equity talks
The London-based operator hopes to re-start conversations with private equity in one month as it looks to rollout its new burger concept further, MD Ben Stackhouse tells M&C Report