All Analysts articles – Page 5
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OpinionAnalysts corner: Domino’s
Domino’s alleged disputes with its franchisees have been making headlines of late, with chief executive David Wild even accused of misleading the City. Analyst at Berenberg give their views on how the situation may play out for them in terms of future performance.
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OpinionAnalysts corner: The Restaurant Group
Berenberg shares its views on how The Restaurant Group is faring at the beginning of what is an important year for the business.
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Analysis & Insight
Analysts Corner: Irvine-Fortescue on UK pubs & restaurants
Mark Irvine-Fortescue, who recently joined Stifel from Panmure Gordon, writes that in a lacklustre operating environment, pub and restaurant equity performance will be driven by companies’ ability to flex balance sheets, as the US investment bank relaunches coverage of the UK leisure sector.
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OpinionAnalysts corner: JP Morgan on TRG
On the back of The Restaurant Group’s full year results this morning, Alexander Mees at JP Morgan gives his views on what has been a busy few months for the operator.
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NewsAnalysts corner: Hargreaves Lansdown on Just Eat
Three months after it dropped out of the FTSE 100, Just Eat is due to re-join it. Hargreaves Lansdown gives its thoughts in its readmission.
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Analysis & InsightAnalysts corner: Goodbody on TRG
Paul Ruddy, of Goodbody, poses some key questions about The Restaurant Group, ahead of their trading update on Friday.
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OpinionAnalysts corner: Just Eat
Just Eat may have reported a sales uplift of 44% in its full year results for 2018 yesterday, but for Hargreaves Lansdown the business is ‘delivering uncertainty’, with shares dipping 3% in early trading on the back of the trading update.
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NewsAnalysts corner: HSBC on pubs
Analysts at HSBC have assessed the likely impact of radical changes to lease accounting, which came into force at the start of the year, on the pub sector. They say the introduction of IFRS may lead to reappraisals of valuation multiples and could increase concerns about debt levels.
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NewsAnalysts corner: Peel Hunt on TRG
Peel Hunt analysts Douglas Jack and Ivor Jones reflect on Andy McCue’s decision to step down from The Restaurant Group, and what it means for the company. They warn that “although restaurant supply has finally started to fall, declining in-store demand and rising costs point to years of correction”.
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News
Analysts corner: Hargreaves Lansdown on Greggs
In its trading update yesterday Greggs upgraded its profit expectation for the current financial year, due to ‘an exceptionally strong start to the year’, with shares rising 8% in early morning trading. Laith Khalaf, senior analyst at Hargreaves Lansdown discusses the part played by its vegan sausage roll launch.
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News
Analysts Corner: Peel Hunt on Domino’s
Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on the outlook for Domino’s Pizza, stressing that the current share price underestimates the long-term expansion potential, and over-estimates the short-term downside risk from fewer store openings.
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NewsAnalysts corner: JP Morgan on Fuller’s
JP Morgan analysts have given their views on the learnings from Fuller’s sale of its beer company to Asahi, including a read-across from the Fuller’s deal to a scenario where Marston’s or Greene King might consider selling their brewing assets.
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NewsAnalysts corner: Berenberg on Fuller’s
Following the news last week that Fuller’s is to sell the entirety of its beer business to Asahi in a £250m deal, analysts at Berenberg have compiled their thoughts on the ‘surprise’ announcement, and suggest the sale will give them significant firepower for acquisitions.
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NewsAnalysts corner: Rollo on Whitbread
Morgan Stanley analyst Jamie Rollo gives five reasons to stay positive about Whitbread following its announcement of faltering like-for-like sales in its third quarter.
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NewsAnalysts corner: Greene King
Following Greene King’s trading update yesterday, MCA round-ups the views of analysts from JP Morgan Cazenove, Liberum, Hargreaves Lansdown and Goodbody.
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NewsAnalysts corner: Peel Hunt on Greene King
Leading analysts Douglas Jack and Ivor Jones, of Peel Hunt, have given their view on this morning’s year-to-date trading statement from Greene King, saying it represents a “very strong start to statement season”.
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NewsAnalysts corner: Wagamama
On the back of Wagamama’s Q2 trading update (see below), Peel Hunt analysts Douglas Jack and Ivor Jones have noted that costs “continue to surge”. They take a look at the prospects for the brand and its new parent company, The Restaurant Group, throughout 2019.
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NewsAnalysts corner: Ei Group and M&B
Peel Hunt analysts Douglas Jack and Ivor Jones have given their views on next week’s updates from Ei Group and Mitchells & Butlers. On the former, they say that the disposal of the commercial properties estate and a return to EBITDA growth are likely to be landmarks for 2019. For M&B they expect to see H1’s trend of drink outperforming food, driven by spend per head, being repeated in H2.
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Opinion
Analysts corner: Peel Hunt on TRG
Peel Hunt analysts Douglas Jack and Ivor Jones have updated their comments on The Restaurant Group’s bid for Wagamama, saying yesterday’s rights issue announcement failed to address the key issues. They set out some of the questions they believe investors should be asking of the group.
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NewsAnalysts corner: Goodbody on TRG/Wagamama deal
There have been a range of positive and negative reactions from analysts following the proposed sale of Wagamama to The Restaurant Group, but despite some concerns Goodbody feels is it a deal that can deliver.