Finance – Page 64
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NewsOakman to launch public share offering
The Oakman Group is to launch its first FCA regulated fund raise with its first full public share offering to open on Friday 17 December.
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NewsOakman achieves +16% rise in like-for-likes
Chief executive Dermot King said he did not expect Oakman to be negatively impacted by the recently introduced Plan B restrictions and has forecast year-end sales in excess of £64m.
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NewsKFC saw small decline in like-for-like sales last year
The fast food chain’s like-for-like sales in the UK declined by 1.6% for the full year to 27 December 2020 on the back of strong trading in the second quarter.
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NewsSSP reports revenue decline of +40%
The group said trading levels had improved over the summer and autumn, with revenue averaging 66% of 2019 levels in the first nine weeks of the new financial year.
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NewsHostmore to increase rate of expansion
In its first update since listing on the London Stock Exchange, the operator of Fridays and 63rd+1st said it had lined up five further sites across the two brands, as EBITDA exceeds 2019 levels.
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Analysis & InsightFuller’s has good opportunity for M&A
Fuller Smith & Turner could dispose of its tenanted inns division and use the funds to acquire City Pub Group, a note from Panmure Gordon has suggested
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NewsFulham Shore achieves profit of £2.4m
The Franco Manca and Real Greek operator currently has 21 sites in legals, with chairman David Page saying the business was performing ahead of expectations
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NewsPho business proves ‘resilient’
The Vietnamese-inspired concept said the success of its off-site dining channels allowed it to emerge from lockdowns in a strong financial position
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NewsShu sells Deliveroo shares to foot tax bill
Deliveroo’s co-founder and chief executive Will Shu has sold £47m of shares in the delivery company in order to meet his tax liabilities.
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NewsFlight Club: ‘We have bounced back very strongly’
Flight Club Darts has seen “a significant and sustained” increase in trading since 19 July and has a strong pipeline of sites for 2022.
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NewsSticks’n’Sushi revenues hit a record £57m
UK sales at the Danish chain surpassed those of its home market for the first time in 2020/21
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NewsEG Group delivers uplift in foodservice profit
The Issa brothers-led business, which acquired Leon in April this year, said that its foodservice operations showed “significant strength”, with gross profit up 36% on a like-for-like basis
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NewsLoungers sees lfls up +23% since May reopening
Revenue has almost doubled in the 24 weeks to 3 October 2021, to £102.4m, compared to 2020 figures, with Loungers continuing to outperform the market.
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NewsPunch explores £1bn sale
Fortress Investment Group, the US-based investor owned by SoftBank, is reported to be in talks to buy Punch Pubs & Co
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NewsGail’s sees turnover drop, but expansion continues
Gail’s saw turnover decline from £61m in 2020 to £57m for the 52 weeks to 28 February 2021, despite opening five new retail bakeries over the course of the year.
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NewsArc Inspirations sees sales up +40%
Bar group Arc Inspirations has achieved a total sales increase of 42% since restrictions were lifted on 19 July, compared to the same period in 2019.
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NewsShake Shack UK operator posts loss of £7.5m
The accounts for 2020 also reveal that Diverse Dining was acquired by a company owned by Middle East-based franchise group Alshaya at the end of 2020
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NewsTRG likely to drop out of FTSE 250
The Restaurant Group is still struggling to regain its pre-pandemic form, according to analyst Hargreaves Lansdown
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NewsNando’s see losses more than double
Nando’s has reported a 39% drop in sales due to trading restrictions with pre-tax losses more than doubling to £240m and trading still mixed.
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NewsM&B returns to profit
Mitchells & Butlers has seen a return to profit and cash generation following the lifting of restrictions in July, despite a like-for-like sales decline of 9.6% in the full year to 25 September 2021.