All MCA Insight articles in April 2013
View all stories from this issue.
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NewsJDW’s Davis to become Greene King CFO
Kirk Davis, the current finance director at JD Wetherspoon, is to join rival Greene King from the start of next year as its new chief financial officer.
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Handmade Burger secures funding package
Handmade Burger Company has secured a new £400,000 funding package from Lloyds to support plans to open four new sites
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NewsAll Australian Wagamama sites closed
Wagamama, the UK-based Japanese restaurant, has closed its Australian branches as the franchisee has entered administration after one year SmartCompany reports
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Flat Iron to operate pop-up at Salt Yard site
Flat Iron, the ‘single steak’ dining concept, is to operate a pop-up at Salt Yard’s foruth venue Ember Yard in London’s Soho
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Financial watchdog to start Tesco investigation
The Financial Conduct Authority (FCA) is to undertake a “full investigation” into Tesco’s announcement last month that it had overstated its expected H1 profits by an estimated £250m
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NewsFive Guys secures trio of sites
Five Guys UK, the popular US burger chain, is understood to have secured three new sites, including its first in Scotland.
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Handmade Burger Co grows pipeline
Handmade Burger Company, the Sargeant Partnership-owned group, has secured a further two sites in Bournemouth and Glasgow
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FY PBT increases at Pieminister
Pieminister has reported a near 40% increase in pre-tax profit for the year to 31 March 2013, up from £385k to £634k, while turnover climbed from £8.3m to £8.9m
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Buenos Aires eyes Horsham opening
Buenos Aires Restaurants, the steakhouse chain, is in talks to regarding opening a ninth site in the south east
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FY sales at ETM forecast to top £30m
ETM Group, the London-based operator led by Tom and Ed Martin, expects its full-year turnover to pass the £30m mark next year as it looks to open two further sites in the capital
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NewsJack cuts Marston’s forecast
A leading analyst has cut his 2013E forecast for Marston’s by 3% following Mitchells & Butlers’ (M&B) poor September update and the pick-up in disposal activity
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Rollo upgrades Enterprise Inns
A leading analyst has upgraded his price target for Enterprise Inns from 140p to 200p and said he thought there was a good chance that the group’s like-for-like sales will be positive in H1 2014 and sees its 19 November final results as a key catalyst