Finance – Page 301
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News
TCG: sales per site up in two of three subsidiaries
TCG has reported an increase in full-year sales per site in two of its three subsidiaries, although overall sales fell
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Analysis & Insight
Sector LFLs up 1.2% in May
Like-for-like sales among 27 leading pub and restaurant operators grew 1.2% in May, with London trading ahead of the rest of the country
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News
Vianet 'would take legal action' on pubco plan
Executive chairman James Dickson says Vianet would have “no choice” but to take legal action if the current proposals go through, although he doubted that they would
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News
Vianet would challenge pubco code; FY leisure revenue falls
Vianet says it would challenge proposals for a statutory pubco code “as forcibly as necessary” and warned of the “detrimental” effect of the plan on its business
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News
UK lifts McDonald's
Positive trading in the UK helped McDonalds report a 2% rise in comparable sales across Europe in May
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News
Crowdcube used for brewery launch
A City banker and home-brew enthusiast is aiming to launch his own brewery backed by crowd-sourced funding
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News
VIDEO: Punch Taverns chairman Stephen Billingham outlines financial restructuring proposals
The group requires the support of stakeholders, but still hopes to implement refinancing by the end of June
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News
Loungers FY EBITDA grows 41%
Loungers has reported a 41% rise in EBITDA to £4.42m before central overheads in the year to 30 April as it opened nine sites in the period
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OpinionFuller's joins cider gold rush
With the London brewer entering the cider category with its acquisition of Cornish Orchards, John Harrington examines the opportunities that the sector holds
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News
Billingham: not much leeway on Punch restructure plan
Punch Taverns executive chairman Stephen Billingham also wanrs stakeholders that the consequences of not supporting the plan “are possibly quite severe”
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NewsPunch announces revised restructuring proposals
Punch Taverns hopes to complete restructure this month as it reports a 0.7% decline in net income in Q3
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News
Apostrophe grows underlying sales, losses widen
Apostrophe, the London-based patisserie café operator, saw underlying sales rise 5.2% in the year to 31 August although losses widened
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News
Grand Union reveals growth targets
London-based group eyes at least a 20-strong estate after Luke Johnson takes a 50% stake in the business
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NewsM&C20 share index launched to track sector performance
Today marks the launch of a new service from M&C Report to provide insight into the performance of the shares of publicly quoted companies in the sector
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News
Fuller's: cider, Heathrow, expansion, analysts
M&C Report takes a closer look at the full-year results for Fuller’s, the London-based brewer and pub operator, for the year to 30 March and talks to chairman Michael Turner
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News
Punch 'to announce changes to debt restructuring'
Punch Taverns is reportedly set to announce changes in its debt restructuring imminently
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News
Profits fall at Timothy Taylor
Turnover flat but increased administrative expenses including staff costs lead to a 30.2% decline in operating profit
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News
£250m fund unveiled for communities to buy pubs and other assets
Communities will be able to access grants and loans worth £250m over the next 10 years to buy pubs and other “community assets”
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News
PPL public performance income rises 18%
PPL saw its income from public performances licences at pubs, clubs and other venues rise again after a “significant increase” in licence holders
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News
Services sector grows
The UK services sector experienced its strongest growth since March 2012 in the past month, new figures show