Finance – Page 297
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News
M&B set for 'strong trading update'
Leading analyst Simon French has reiterated his Sell recommendation and 301p Target Price for Mitchells & Butlers, although he anticipated a “strong trading update”
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News
French: weather to lift Marston's
The recent good weather is likely to benefit Marston’s at its Q3 interim management statement on Thursday, according to leading sector analyst Simon French
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News
Investment fund secures Punch freeholds
A pair of Punch Taverns freehold pubs based in London’s Clerkenwell have been sold to a private investment fund in an off-market deal for £3.5m. The fund has secured the White Bear and the Smithfield Tavern, both in EC1, near London’s Smithfield meat market.AG&G’s James Grimes, who represented the buyers ...
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News
Ideal Collection plans significant growth
Ideal Collection is looking to triple the size of its five-strong estate over the next four years
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NewsLuminar returns to profit
The nightclub company reports pre-tax profit of £1.3m in its first full financial year, and revealed that it achieved returns on investment of more than 50%. Turnover stood at £89.9m.
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Opinion
Health bodies withdraw from Responsibility Deal
The future of the Alcohol Network of the Responsibility Deal is in jeopardy after a group of senior health bodies and professionals pulled out over the shelving of minimum pricing
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NewsLa Tasca closes in on new funding
A financial restructure of La Tasca is set to be announced in the coming weeks, which will enable the business to undergo a period of investment in the current estate and in acquisitions
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Opinion
Jack: Strong trading at Fuller’s should continue
A leading analyst has said that he expects trading at Fuller’s to have been strong when it gives its update next Thursday, particularly in managed pubs and hotels
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Opinion
Sector LFLs up 1.6% in June
Like-for-like sales across 27 leading brands grew 1.6% in June, although outside London like-for-likes were essentially flat and declined among wet-led pubs, new figures show
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News
Jack: Marston’s well placed to accelerate growth
A leading analyst has said that Marston’s is well placed to accelerate growth
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Opinion
Young’s signs BT Wi-Fi deal
Young’s has signed a deal with BT that will see Wi-Fi rolled out across its pub estate
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NewsFirst Restaurant Group in private equity talks
The First Restaurant Group is in talks with a couple of private equity groups regarding new investment to enable it to roll out its Harry Morgan concept to up to 30 sites over next five years
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News
Welcome Break deal leaves RBS out of pocket
The Royal Bank of Scotland has been left more than £80m out of pocket by Robert Tchenguiz’s ill-fated investment in a portfolio of Welcome Break sites
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News
Supermarket discounts hit St Peter's
St Peter’s Brewery saw a pre-tax profit turn into a pre-tax loss in the year to 28 February, with the firm saying supermarket special offers made it “extremely difficult” to maintain margins
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News
McMullen’s adds Punch freeholds
Hertfordshire brewer and operator McMullen’s has acquired three further pubs, including two central London-based freehold sites from Punch Taverns, for an undisclosed sum
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News
Jack: M&B is operationally geared into better trading
A leading analyst has said that he expects M&B’s like-for-like sales to have picked up, aided by favourable weather and easy comparatives
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News
Analyst corner
Jamie Rollo at Morgan Stanley looks ahead to next month’s trading update from Enterprise Inns
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News
Hop Stuff Brewery surpasses fundraising target
Hop Stuff Brewery has become the third brewer to raise funds on crowdfunding platform, Crowdcube, raising £58.3k, which is 117% of its original target
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NewsInventive invests £6.6m in evolved Revolution
Inventive Leisure, the Alchemy Partners-backed bar operator, is to spend £6.6m rolling out an evolved version of its Revolution brand
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NewsAG Barr and Britvic merger abandoned
The proposed merger between AG Barr and Britvic has collapsed, after the Irn Bru maker had a renewed offer to merge the two companies rejected