Finance – Page 79
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NewsETM boosted liquidity with £2.5m CBIL
Bar and restaurant group ETM secured a £2.5m Coronavirus Business Interruption Loan (CBIL) last year, after it sought to take advantage of all opportunities to boost its liquidity in the face of the pandemic.
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NewsHollywood Bowl raises £30m in share placing
Hollywood Bowl has announced it has raised approximately £30m through a successful sharing placing.
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NewsJust Eat: ‘This marks the beginning of our journey in the UK’
Just Eat’s investment in the UK market has arguably been paying off, with revenue up 42% last year, and for chief executive Jitse Groen, it is just the beginning.
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NewsTRG’s capital raise will better position it for growth, say analysts
The Restaurant Group (TRG) announcement of a £175m capital raise, yesterday (10 March), has been met positively by analysts, who believe it better position the business for future growth.
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NewsM&B completes £350m fundraise
Mitchells & Butlers has completed its capital fundraise, securing gross proceeds of £350.5m from shareholders.
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NewsSwingers secures $20m for US expansion
Swingers, the experiential mini-golf concept, has secured $20m (£14.4m) in new investment from existing backer Cain International to fund its expansion into the U.S.
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NewsJust Eat’s UK revenues up 42%
Just Eat Takeaway.com achieved a 42% increase in revenue in its UK business in 2020, from €509m to €725m. Adjusted EBIDTA for the UK was €216m – up 2% on 2019.
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NewsLiberum on Domino’s
For Domino’s to unveil its strategic growth plans before a proposed deal with franchisees has been accepted raises questions, analysts at Liberum have said.
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NewsTRG announces £175m capital raise
The Restaurant Group (TRG) has announced a proposed capital raise of £175m, by way of a firm placing, and placing and open offer.
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NewsTRG revenues down more than 50 percent
The Restaurant Group (TRG) has seen total revenues down 57% to £459.8m, for the 52 weeks ended 27 December 2020.
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NewsAngus Steakhouse on brink of collapse
Angus Steakhouse has hired KMPG to secure a rescue deal for the restaurant chain, which is on the verge of going into administration, The Telegraph has reported.
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NewsTurtle Bay closes two sites due to covid
Turtle Bay closed two UK sites at the tail of its estate for the “foreseeable future”, which became inviable due to covid-19.
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NewsOakman acquires six Seafood Pub Co sites
The Oakman Group has acquired six pubs from the administrators of Seafood Pub Company.
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NewsDeliveroo confirms float intentions
Deliveroo has confirmed it is “considering an initial public offering” and intends to publish a registration document today (8 March).
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NewsDomino’s to dispose of Swedish business
Domino’s is to dispose of its Swedish business in order to focus on its operations in the UK and Ireland, following the exit from Domino’s Norway last year.
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NewsIsland Poke secures investment from Hero Brands
Island Poke has secured a cash injection from hospitality investor Hero Brands in order to help accelerate its expansion plans, the Press Association has reported.
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NewsHospitality businesses accuse government of failing to “add up”
Hospitality and leisure businesses have accused the government of being “unable to add up”, following the decision to put a £2m cap on the business rates discount announced in the Budget, according to The Times.
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NewsCaring makes ‘verbal commitment’ to continue The Ivy backing
The Ivy backer Richard Caring has indicated he would be willing to support the restaurant group should cash funding through its banks become unavailable. Following a similar commitment to Bill’s Restaurants, of which Caring is a major shareholder, the Caprice Holdings chairman made a verbal agreement to extend support until May 2021.
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Analysis & InsightHargreaves Lansdown on Deliveroo’s IPO
With its unicorn status, Deliveroo’s IPO is likely to be “the biggest coup in terms of size” for the London Stock Exchange so far this year, believes Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown.
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NewsAntic London secures seven-figure CBILS package
Pub operator Antic London has secured a seven-figure CBILS funding package through alternative SME lender ThinCats.