All MCA Insight articles in August 2013 – Page 3
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NewsFrench raises TP for JDW
Leading analyst Simon French has upgraded his earnings per share forecast and Target Price for JD Wetherspoon following last week’s “better than expected” trading update
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News
Prezzo grows Chimichanga pipeline
Prezzo has strengthened the pipeline of future openings for its Mexican brand, Chimichanga, by securing further sites in Solihull and Oxford
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NewsPing Pong consolidates estate
Ping Pong is to consolidate its eight-strong UK estate, after putting two restaurants on the market and closing in on a pair of new sites
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Analysis & InsightLfls up across pub market, but average running costs also climb
Like-for-like sales climbed 5.8% across the UK’s pub sector in the year to October 2012, with community locals and food led outlets outperforming the market. However, the report found that for first time in four years, the average cost of running the average pub has increased.
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News
Operators eyed for Silverburn extension
Hammerson has announced that its 120,000sq ft extension at Silverburn Glasgow is to be anchored by a 14-screen Cineworld cinema and feature nine restaurant units
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News
Tossed duo eye Asian concept
Vincent McKevitt, the founder of Tossed and its finance director Neil Sebba, are believed to be looking to launch a new Asian concept called Sama
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News
Enterprise brings c£5m package to the market
Enterprise Inns has placed a six-strong freehold package of pubs based in and around London on the market with a combined sales price of just under £5m
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Analysis & InsightALMR sees ‘green shoots’ in the pub sector
Signs of robust growth and confidence are creeping back into the pub sector, according to the AMLR. Its annual Benchmarking Report finds that investment in staff and premises are returning to near pre-recession levels, and like-for-like sales and margins are in meaningful growth.
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News
Analyst corner
Simon French of Panmure Gordon looks ahead to the Q3 update from Enterprise Inns which is due next Thursday (8 August), expects like-for-like net income to have improved but downgrades his long-standing Buy recommendation to Hold
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News
Browns extends apprenticeship scheme
Browns, in conjunction with Apprentice 1st, has launched the second phase of its apprenticeship scheme to kick start career development and drive within the industry
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News
Operators collect employer award nominations
YO! Sushi, Salt Yard Group, Peach Pub Company and Young’s are amongst the companies shortlisted for the Caterer.com’s Best Employers in Hospitality Awards 2013
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News
Byatt closes in on second Bistro Union site
Adam Byatt is in the closing stages of negotiations to secure a second site in London for his Bistro Union concept
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Opinion
Diciannove to open in Blackfriars
Diciannove, a new Italian restaurant, deli and cicchetti bar will open on in Blackfriars next month
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Interviews
Friday five-minute interview
M&C Report talks to Chris Soley, managing director of Camerons, the brewer and pub operator, about his best investment, his best business decision and the best piece of advice he’s ever received
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News
Gold secures second London site
David Gold, the founder of Great Lengths International, has secured a second site in central London for his fledgling Love’s Fresh Pasta concept
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Analysis & InsightThe restaurant hot spots
Restaurant and property consultant Adam Hyman takes a look at the migration of eating-out circuits across London. True entrepreneurs, it is said, find worth in the worthless and possibility in the impossible. But having the foresight - sometimes peppered with a bit of luck - to open a restaurant in a certain area might be an even more fitting definition.
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News
Itsu reaches 40 mark
Itsu has secured the 40th site in London for its smaller store format, near Euston Square
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News
CAU ready to ramp up expansion plans
CAU is set to ramp its expansion plans over the next 18 months after the success of its first two openings in Guildford and Cambridge
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News
Zing Zing eyes London presence
Zing Zing, the new Chinese devliery concept is planning to expand across London after the success of its first site in Islington
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NewsEnterprise boost prevents M&C20 Index slide
The M&C20 Leisure Index (up 3 points to 1,159) underperformed the FTSE All Share Index (up 14 points to 1,032) for only the fourth time in the last quarter, despite the best efforts of Enterprise Inns, whose shares rose 14.3% over the past week. Without Enterprise’s contribution, the index would ...