Finance – Page 70
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NewsDomino’s completes share buyback
Domino’s Pizza Group has completed its £45m share buyback programme announced on 9 March 2021.
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NewsLeon owner mulls sale
EG group, the petrol station and convenience-store chain which recently bought Leon, may put itself up for sale with a price tag of $15bn.
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NewsBoxpark secures investment from LDC
Boxpark is set to accelerate its expansion plans after securing new investment, the company has told MCA.
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NewsRestaurants face ‘more signs of stress’
Restaurant closures are on the rise and on course to peak next spring, with warnings that “more signs of stress” are starting to show in the hospitality sector as taxpayer support falls away.
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NewsUrban Pubs & Bars forms JV for ‘rapid growth’
Urban Pubs & Bars has entered into partnership with Davidson Kempner and Global Mutual to support and accelerate the growth of the company.
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NewsYoung’s appoints non-exec to board
Young’s has appointed Aisling Meany to its board as a non-executive director, with effect from 1 September 2021.
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NewsHeineken to invest £38m in Star Pubs estate
Heineken has announced it will be investing £38m in its Star Pubs & Bar estate in a new programme to benefit 700 venues in England and Wales by the end of this year.
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NewsRevenues more than double at Soho House owner
Soho House’s parent company, Membership Collective Group, has seen revenues more than double in the last quarter as it recovers from closure periods during the pandemic.
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NewsONS data points to a possible recovery plateau
Hospitality could be experiencing a slowing in the recovery of consumer activity, weekly data compiled by the ONS has suggested.
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NewsLeon achieves ‘pleasing performance’ in Q2
EG Group has said strong progress has been made on the integration of Leon into the group, with “a pleasing performance” seen in the second quarter of 2021.
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NewsShaftesbury sees strong recovery for hospitality outlets
Shaftesbury has said its hospitality and leisure occupiers have continued to enjoy a strong recovery in trading levels, as the West End makes a comeback.
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NewsBusaba expecting to be cash generative again this year
Busaba has said that it expects to return to being cash generative at an operational level this year following the easing of trading restrictions, despite challenges still remaining in the casual dining sector.
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NewsAdnams reports strong returning demand
Adnams has posted a loss of £3.1m for the six months to 30 June 2021, as it reports strong returning demand from customers in its East Anglia heartland. The brewery and pub operator reported a turnover of £20.5m, marginally less than the £20.6m it posted for the same period in ...
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NewsJust Eat rejects talk of merger
Just Eat Takeaway.com’s chief executive Jitse Groen has rejected calls for a merger but has admitted that the delivery business needs to do “quite a lot of work” on its communication with investors, it has been reported.
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NewsFulham Shore eyes 150 new sites
Fulham Shore has 12 sites in legal negotiations, with a further 150 locations identified as part of its medium term growth plans.
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NewsJust Eat grows orders by 76%
Just Eat processed 135m orders in the first six months of 2021, a growth rate of 76% compared with the same period last year.
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NewsInvestor interest stokes shares in delivery
Investor interest has been stoked in Just Eat Takeaway.com following the disclosure that a respected American hedge fund boss has acquired a $645m stake in the delivery company.
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NewsRedCat acquires Coaching Inn Group
RedCat Pub Company, the group led by former Greene King chief executive Rooney Anand, has acquired The Coaching Inn Group.
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NewsHospitality sector drives 40% of Q2 GDP growth
The reopening of indoor dining helped underpin UK GDP growth during Q2 2021. Analysis from UKHospitality shows the hospitality sector was responsible for 40% of total economic growth from Q1 to Q2 2021, with Kate Nicholls calling on the Government for business rate reform and a permanently lowered rate of VAT.
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NewsOutlook for Deliveroo dependent on post-pandemic demand
The pandemic has offered a structural growth opportunity for Deliveroo, but its longer-term outlook depends on how demand hold ups, and if the road to profitability becomes clearer, according to analyst Hargreaves Lansdown.