Finance – Page 97
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NewsBridgepoint sets up £3m covid-19 hardship fund
Bridgepoint, the backer of Burger King, Azzurri Group, Market Halls and Deliveroo, has set up a £3m hardship fund to support charities and communities affected by Covid-19.
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NewsChancellor unveils 100% state-backed loan scheme for small businesses
Small firms will be able to borrow up to £50,000 in 100% state-backed loans, chancellor Rishi Sunak has said.
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NewsJust Eat Takeaway.com raises €700m
Just Eat Takeaway.com has raised €700m through an accelerated bookbuild offering of new shares and convertible bonds.
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NewsWahaca appoints PwC to explore finance options
Wahaca has appointed advisors at PwC to review its finances, Sky News reports.
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NewsState-backed loans for small businesses
Chancellor Rishi Sunak is considering offering 100% state-backed guarantees on loans to smallest businesses of up to £25,000, the Financial Times reports.
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NewsLoungers raises £8.3m through placing
Loungers has completed its its accelerated bookbuild placing process, undertaken yesterday, raising gross proceeds of approximately £8.3m.
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NewsGumbrell: ‘We want to be part of a sector that’s ready to go forward'
Kris Grumbell, Brewhouse & Kitchen CEO, tells MCA of his proposal for an EIS-inspired Government support initiative to provide industry with a much-needed investor cash injection, the importance of keeping furloughed employees engaged throughout the closure period, and how sector resilience will ensure its survival.
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NewsLe Pain Quotidien in emergency sale process
Le Pain Quotidien is close to collapse amid a search for a buyer for its UK operations, Sky News reports.
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NewsComptoir Group ‘confident’ coronavirus will not impede its long-term prospects
The short-term uncertainty caused by the coronavirus will not impact the longer-term prospects of Comptoir Group, chairman Richard Kleiner has said in its trading update released today.
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NewsJRS extended until the end of June
The Coronavirus Job Retention scheme will be extended until the end of June, chancellor Rishi Sunak has announced today.
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NewsWhitbread eligible under Covid Corporate Financing Facility
Whitbread has announced it has been confirmed as an eligible issuer under the UK Government’s Covid Corporate Financing Facility (CCFF).
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Analysis & InsightAnalysts’ verdict: Berenberg on City Pub Group
Berenberg finds City Pub Group’s fundraise has left the company with a “substantial level of liquidity” and a “best-in-class balance sheet”, which it could deploy on cut-price acquisitions.
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NewsAdministrator weighs up bids for Carluccio’s
Parts of Carluccio’s estate and assets have received interest from Tesco, Boparan Restaurant Group, and Byron owner Three Hills Capital.
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NewsDowney’s nine-month rent time out proposal to be submitted to Government
Jonathan Downey, founder of Hospitality Union, is to submit a formal proposal to the Treasury next week for a nine-month rent-free period for hospitality, leisure and retail businesses forced to close because of the coronavirus pandemic.
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NewsCity Pub Co raises £22m
City Pub Group has raised £22m following a share placing, cutting net debt by two thirds.
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NewsUKH: ‘Government silence equals consent on tronc JRS claims’
Where tronc is properly constructed as part of regular monthly payments, it should count as part of employee earnings in the furlough claim process, Kate Nicholls, UK Hospitality CEO has advised.
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NewsLuke Johnson urges operators seeking investment to contact him
Luke Johnson has urged certain hospitality operators seeking investment to contact him.
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NewsFCA warns insurers ‘settle claims or explain’
The Financial Conduct Authority has warned insurance company bosses to speed up and settle coronavirus-related claims or explain themselves to the regulator.
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NewsM&B keeps reduces costs to keep estate ’secure and safe’
Mitchells & Butlers has material cash resources which it believes should be sufficient to fund obligations “well into the second half of the year”.
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NewsRevolution ups credit facility to £30m
Revolution Bars Group has increased its revolving credit facility with Natwest to £30m.