Finance – Page 78
-
NewsPho has ‘competitive advantage’ in post-pandemic landscape
Pho, the Vietnamese restaurant group, is confident it can return to its expansion strategy once restrictions are lifted and the business has stabilised.
-
NewsAviva shuns Deliveroo over riders’ rights
One of the UK’s largest fund managers will not buy shares in Deliveroo when it goes public because of concerns over the rights of its delivery riders.
-
NewsCineworld secures ‘significant liquidity buffer’ after major losses
Cineworld has raised $213m (£155m) convertible bond to cope with the continued disruption of Covid-19.
-
NewsGlendola Leisure secures additional £6m banking facilities
Glendola Leisure’s parent company has obtained additional facilities of £6m from its banking partner, as part of a refinancing arrangement which also sees the extension of its existing £26.7m facility.
-
Analysis & InsightHow UK pubs became the focus of a global investment frenzy
The Great British Pub has become the subject of fervent interest from international investor groups looking for operational real estate. But is the sector as distressed as these funds believe?
-
NewsPizza Pilgrims secures £3.5m from Imbiba
Pizza Pilgrims has secured £3.5m investment from Imbiba, the specialist investor in the UK leisure, entertainment and hospitality sector.
-
NewsBerenberg on Loungers
Loungers is well-positioned for growth in a post-Covid 19 world and has the potential to scale to as many as 1,000 sites over time, according to analysts Berenberg.
-
NewsJDW pricing strategy a key focus for analysts
The issue of JD Wetherspoon’s ability to push up prices has been called into question by several analysts following its half year financial update last week.
-
NewsDeliveroo IPO could reach £8.8bn valuation
Deliveroo has set the price range per share at between £3.90 and £4.60, in advance of its planned IPO on the London Stock Exchange.
-
NewsWetherspoon reports £46m HY loss as restrictions bite
J D Wetherspoon has reported a loss before tax of £46.2m for the 26 to weeks to 24 January, as the “ever changing government guidelines” took their toll.
-
NewsSecond CBILS for JDW
JD Wetherspoon secured a second CBILS loan in March 2021 of £51.7m, bringing its total facilities to £1.04bn.
-
News‘Significant increase in debt’ at Stonegate
Stonegate Pub Company made a loss before tax of £746m in the full year to 27 September 2020, following the purchase of Ei Group, and as a result of the pandemic.
-
NewsYoung’s forecasts positive cash flow by May
Young’s has announced plans to reopen 140 of its managed pubs with outdoor spaces on or around 12 April, as well as an update to its finances which it gives it available borrowing facilities of £225m.
-
NewsSSP announces £475m rights issue
SSP Group has announced that it intends to raise approximately £475m by way of a ’12 for 25’ rights issue, as it looks to firm up its financial position.
-
NewsDeliveroo to raise a further £1bn
Deliveroo has announced plans to raise about £1bn of new funding to boost growth as part of its proposed initial public offering.
-
NewsNightcap builds property pipeline
Nightcap, the bar and late-night group co-founded by investor Sarah Willingham, has reported good progress in building its property pipeline for London Cocktail Club (LCC).
-
NewsDelivery drives improving sales at Greggs
Greggs has reported a “better than expected” start to 2021, while updating on plans to 100 net new stores this year.
-
NewsInn Collection secures £2m additional funding
The Inn Collection has secured £2m in additional funding from its private equity backer Alchemy Partners.
-
NewsJoe & The Juice UK reports £4.9m losses
Joe & The Juice UK has reported losses of £4.9m for the full year to 31 December 2019, down from £1m in 2018, but remains positive on UK expansion prospects.
-
NewsStar Pubs offers further rent concessions worth £19m
Star Pubs & Bars is to extend its 90% rent reduction for pubs and core leased and tenanted agreements in England, until 16 May.