Finance – Page 302
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AB InBev completes £13.1bn Grupo Modelo deal
AB InBev has bought the remaining 50% of Grupo Modelo, the Mexican brewer of Corona lager, that it did not own for $20.1bn (£13.1bn).
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All Star Leisure 'eyes IPO'
All Star Leisure Group, operator of the All Star Lanes bowling brand, is planning to launch an initial public offering, The Telegraph reports
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Lending falls under Government-backed scheme
The amount of money leant to businesses under the Government-backed loans scheme fell by £300m in Q1 2013, new figures show.
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French identifies key risks to sector
Leading analyst Simon French has identified seven key areas of risk for the industry, and provides and overview of the main sector firms
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Hook Norton signs Australian distribution deal
Hook Norton, the Oxfordshire brewer and pub operator, has signed a distribution agreement with Australia’s largest liquor retailer Woolworths Limited
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Calco and Cal Management package marketed
A 78-strong package of pubs from the former Calco and Cal Management estates has been placed on the market, M&C Report has learnt.
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Westmorland secures £20m funding deal
Westmorland has agreed a £20m funding deal from the Co-operative Bank for its M5 project in Gloucester
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Pasty Presto secures funding package
Pasty Presto has secured a funding package to expand its chain of Cornish pasty shops
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Innventure on track for £1m FY EBITDA
Innventure expects EBITDA to be in excess of £1m in its current financial year
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Strong interest in Fat Cat sites
Strong interest has been shown in the package of six Fat Cat Café Bars placed on the market last month.
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Turtle Bay secures expansion funds
Turtle Bay, the Caribbean restaurant concept has secured funding, which will allow it to open 10 new restaurants.
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NewsJack upgrades M&B
Leading sector analyst Douglas Jack has upgraded his recommendation for Mitchells & Butlers to Add from Buy following a recent rise in its share price, despite an increase in its pension deficit.
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Quilvest not in Byron running
Up to five private equity firms are believed to have got through to the next round of bidding for Byron.
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L&G raises £67m leisure fund
Legal and General Property has raised £67m of capital for its latest leisure fund.
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Shaftesbury and Great Portland report rising demand
Two of the biggest property owners in London’s West End have reported rising demand for their properties.
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M&B lfls up 0.3%, identifies five market spaces
M&B has reported a 0.3% rise in like-for-like sales for the 28 weeks to 13 April and set out what it described as its ‘five-star’ approach to the market.
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FY lfls up 3.3% at Booker
Booker, the food and drink wholesaler, has reported a 3.3% rise in like-for-like sales in the year to 29 March, with non-tobacco sales up 4.5% on a like-for-like basis. Overall group revenue increased by 3.5% to £4.bn, while profit before tax climbed 13% to £101.4m. It said that sales to ...
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NewsSt Austell FY turnover tops £100m
St Austell Brewery, the Cornish brewer and pub operator, saw turnover exceed £100m for the first time in its history in 2012.
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Young's PBT up 13.1% in "exceptional" year
Young’s has reported a 13.1% rise in adjusted pre-tax profit to £28.9m in the year to 1 April 2013 in what it called an “exceptional” year.
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NewsMiller Brands grows revenue ahead of volume
Miller Brands increased its full-year revenues ahead of volumes that grew 4% in the 12 months to 31 March, managing director Gary Haigh has told M&C Report.