Finance – Page 296
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News
JDW performed 'better than expected'
Analysts have given a positive response to JD Wetherspoon’s results yesterday, describing them as better than expected
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NewsSheps: K&N deal, reorganisation, redundancy threat
Shepherd Neame has announced a reorganisation of its board as it reached a 10-year logistics agreement with Kuehne + Nagel, in a move that will see the departure of production and distribution director Tom Falcon and is likely to result in a “limited number” of redundancies as 57 employees enter consultation
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Marston's Destination & Premium LFLs up 6%
Marston’s has reported “strong” trading performance in its most recent trading period, with like-for-like sales in its Destination and Premium pubs up 6% in the 10 weeks to 20 July
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Fuller's sales driven up by food and accommodation
Fuller, Smith & Turner has reported strong Q1 trading “aided by the recent spell of glorious weather”
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Improved weather aids AG Barr sales growth
AG Barr, the maker of Irn-Bru, has reported that it continued to grow “well ahead of the market” in the six-month period to date
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Britvic grows sales thanks to a focus on value
Britvic has reported Q3 sales growth of 4.4% in the UK thanks to a focus on value over volume
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Banana Tree secures expansion fund
Banana Tree, the pan-Oriental restaurant operator, plans to open a further five to six sites over the next two years after securing a new £2m bank facility
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NewsJack: Improving outlook at Enterprise
A leading analyst has said that he expects Q3 LFL net income at Enterprise Inns to be down around 1%, reflecting self-help initiatives and improving LFL weather
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Shaftesbury reports continued strong demand
Shaftesbury has reported continued strong demand and good progress on lettings which have resulted in in high occupancy and further rental growth across its Londion estate
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Diageo to secure Chinese drinks producer
Diageo has received approval to acquire the remaining 47% stake in Sichuan Chengdu Shuijingfang Group that it does not already own in a deal worth c£233m
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JDW expects better FY than anticipated; LFLs up 3.5%
Company expects to achieve a slightly better outcome for its current financial year than previously anticipated, as it reports a 3.5% rise in like-for-like sales and an increase in operating margins
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Peach PBT falls in 'difficult' year
Peach Pub Company, the multiple pub operator, saw pre-tax profits fall 39.7% to £375,128 in what it called a “difficult” trading period in the year to 30 December 2012
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Subway signs Sodexo franchise deal
Subway has sign a franchise deal with Sodexo, which will see the contract caterer further introduce the high street sandwich chain brand to its retail offer
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Jack: Germany to hold back Domino's
Leading sector analyst Douglas Jack has forecast flat pre-tax profit for Domino’s Pizza in H1, with the performance held back by the business in Germany
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McDonald's UK openings on-track; 'solid' Q2
McDonald’s is on-track to open 14 new restaurants in the UK this year, as it reports a “solid” performance in Q2
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NewsStonegate in talks to acquire Living Room
Stonegate Pub Company, the managed operator backed by TDR Capital, is understood to be in exclusive talks to acquire the 14-strong Living Room chain, which is valued at around £10m, M&C Report understands.
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Collyer: Margin stability key for JDW
Demonstrating that it can stabilise margins will be key for JD Wetherspoon, according to leading sector analyst Geof Collyer
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Collyer raises Spirit TP
Leading sector analyst Geof Collyer has raised his Target Price for Spirit Pub Company following the pub company’s site visit for analysts of its London estate last week
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French: Weather more unhelpful to JDW
A leading analyst has said he expects a robust update from JD Wetherspoon (JDW) with c4% LFL sales growth in Q4 reflecting tougher comps
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French: Fuller’s managed lfls to have accelerated
A leading analyst has said that he expects Fuller’s LFL sales growth in managed pubs to have accelerated from 7% to c10%