Finance – Page 77
-
NewsSessions secures new investment
Sessions Market has appointed Sourced Market founder Ben O’Brien as chief operations officer and secured a new round of investment from Perscitus.
-
NewsSoho House submits confidential filing for US IPO
Private members club group Soho House has submitted a confidential filing for an IPO in New York, which could see it valued at more than $3bn (£2.1bn), according to Sky News.
-
NewsLoungers agrees extension to £15m bank facility; updates on openings
Loungers has announced that its lending banks have approved a 12-month extension to the incremental £15m revolving credit facility (RCF) that was place in place in April 2020.
-
NewsLoungers set to ‘explode out of the blocks’, says analyst
Analyst Liberum has said it expects Loungers to “explode out of the blocks” once sites reopen, following the announcement by the operator this morning that it intends to resume its fast-pasted opening rate once restrictions are lifted.
-
NewsDeliveroo’s share bounce back despite strike action
Deliveroo’s share value bounced back four percent this morning after all of its issued shares were admitted for trading on the London Stock Exchange, despite planned strike action by riders today.
-
NewsChop’d invests in tech
High street salad chain Chop’d has invested £110k in digital developments ahead of the reopening of its sites next Monday (12 April).
-
NewsTasty banks on further landlord support as losses widen
Tasty is negotiating with landlords in a bid to avoid implemented a CVA or similar formal procedure, as the impact of lack of trading continues to impact its financial position.
-
NewsMarston’s looks to reopen 70% of estate next week
Marston’s has said it is planning to reopen 70% of its estate in England from 12 April, and subject to regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.
-
NewsDeliveroo IPO an ‘absolute disaster’
It was billed as the biggest London listing of the last ten years, Chancellor Rishi Sunak hailing the delivery company as a “true British tech success story”.
-
NewsFuller’s to raise £53m
Fuller’s has announced a share placing to raise around £53m, which will strengthen its balance sheet and liquidity position in preparation for a strong reopening.
-
NewsStonegate to sell 42 pubs to RedCat
Stonegate has confirmed it has agreed to dispose of a package of 42 pubs to RedCat Pub Company for an undisclosed sum. The acquisition is expected to complete in the Summer.
-
NewsAnglian anticipates ‘huge demand’
Anglian Country Inns is forecasting a “very good year” and hopes to be able to pay off its debts towards the end of this year, or early next, before returning to growth mode.
-
NewsDeliveroo to float at lower valuation
Deliveroo is reported to have slashed almost £1bn from the top end of its forthcoming initial public offering (IPO) to £7.6bn-£7.85bn.
-
NewsRedCat to buy 40 Stonegate pubs
Former Greene King CEO Rooney Anand is set to buy 40 pubs from Stonegate as part of a first acquisition for his new investment vehicle.
-
Analysis & InsightInvestor view: ‘Huge availability of property’ coming
Investment hunger for food-to-go opportunities will build post-pandemic and focus on category leaders and the strongest operators, MCA’s Food To Go conference has heard.
-
NewsBrighton Pier Group downsizes bar estate
Brighton Pier Group has permanently closed three marginal sites from its bar division, previously known as Eclectic.
-
NewsDomino’s sells Iceland business for £13.7m
Domino’s Pizza Group has agreed to sell its Iceland Business, Pizza Pizza, for about £13.7m to a consortium-owned investment vehicle.
-
NewsDeliveroo gets thumbs down from more fund managers
Legal & General Investment Management and M&G have joined the list of fund managers who have said they will not be buying shares in Deliveroo when it goes public next week.
-
NewsDrake & Morgan sees profits dip in run up to lockdown
Drake & Morgan is hoping to rebuild the London-based bar and restaurant group with the easing of Covid-related restrictions.
-
NewsSeedrs and Crowdcube merger scrapped
Seedrs and Crowdcube have ditched a merger that would have created a crowdfunding powerhouse.