All Finance articles – Page 12
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Analysis & InsightPunch deal: Pub package values up 36%
Geoffrey Collyer of Lavender Bank Partners crunches the numbers on the Punch/Fortress deal, and finds private equity players are taking a long-term view on “pure property” leased & tenanted estates
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Analysis & Insight‘Wall of capital’ expected to target pubs next year
Global real estate advisor CBRE has predicted “record M&A activity” across the leisure and pub sectors in 2022.
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InterviewsShepherd Neame: ‘No shortage of opportunities to invest’
After major capex projects were put on hold during the pandemic, chief executive Jonathan Neame is eager to up investment
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Analysis & InsightHostmore offers prospect of ‘significant payoff’
Newly-listed hospitality operator Hostmore is well placed to take advantage of the growth opportunities from the fallout of Covid-19, believes Edison.
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NewsRates review delay ‘a disheartening prospect’
Kate Nicholls, CEO, UKHospitality said she hoped the expected delay was an indication the Chancellor recognised the extent of the changes needed to overhaul the current business rates system.
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NewsOakman sales up 36% versus 2019
The group has just opened its 36th site, The Rose Inn in Wokingham, following a £2.1m restoration and redesign project, with another 11 sites due to open before the end of 2023.
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NewsD&D revenue hit as staff shortages suppress capacity
A lack of staff has meant the restaurant group has had to reduce covers, with the situation likely to worsen as Christmas approaches.
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NewsGreggs sees huge growth opportunity from delivery
Greggs estimates it could achieve an additional £170m from delivery, as it targets £2.4bn turnover in the next five years.
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NewsYoung’s appoints non-exec to board
Young’s has appointed Aisling Meany to its board as a non-executive director, with effect from 1 September 2021.
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NewsJust Eat rejects talk of merger
Just Eat Takeaway.com’s chief executive Jitse Groen has rejected calls for a merger but has admitted that the delivery business needs to do “quite a lot of work” on its communication with investors, it has been reported.
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NewsOutlook for Deliveroo dependent on post-pandemic demand
The pandemic has offered a structural growth opportunity for Deliveroo, but its longer-term outlook depends on how demand hold ups, and if the road to profitability becomes clearer, according to analyst Hargreaves Lansdown.
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OpinionThinking of expanding? It is a capital idea if you choose the right option
For the last 18 months, the key word in hospitality and leisure has been “survival”. But as we start to get back to some degree of normality, the sentiment has shifted to “opportunity”. We are seeing more and more activity in the sector, with operators now ready to take advantage of the possibilities the pandemic has created.
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Analysis & InsightThe growing appeal of IPOs
After a Covid-induced hiatus, there have been several IPO announcements this year, with companies such as TGI Fridays, Tortilla, Hawksmoor and Giggling Squid considering their options around going public. Meanwhile several more are believed to be weighing up a listing. How much of this is an opportunistic post-Covid trend? Does it represent a structural shift away from the private equity model? And what are the risks and rewards? Dominic Allport, insight editor, reports.
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NewsDomino’s: Collection and store openings to drive future growth
Domino’s has given more details on its strategic, operational and financial performance following the release of its first half results. While giving an update on the execution of its strategy the importance of driving its collection business was highlighted, something Domino’s sees as providing an incremental growth opportunity. Store openings will continue to be supported by changed franchisee incentives.
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NewsDomino’s ‘strong’ first half sales supported by VAT cut
Domino’s has delivered a “strong” performance for the first half of 2021, aided by reduced VAT, the Euros, an increase in orders and the chain’s own marketing activity. In the 26 weeks to 27 June 2021, UK and Ireland system sales grew 19.6% to £752.3m. Like-for-like system sales, excluding splits were up 19.3% (18.4% including splits). The chain warned that second half growth would be lower due to scheduled VAT increases.
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NewsKFC, Pizza Hut and Taco Bell see sales recover
Yum! Brands – owner of KFC, Pizza Hut and Taco Bell - has reported strong Q2 growth, with KFC UK’s system sales rising 248% compared with the previous year, when many of its stores were shut due to the pandemic.
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NewsMark Davies steps down as NewRiver CFO
Mark Davies is to step down from his position as NewRiver’s chief financial officer (CFO), and the company’s board, with immediate effect following the announcement earlier this week that NewRiver has reached an agreement to sell its pub business Hawthorn to Admiral Taverns.
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NewsVarious Eateries ‘primed for growth’
Various Eateries, the Hugh Osmond backed operator of the Coppa Club, has reported “very strong trading” since reopening, facilitated by large outdoor spaces.
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NewsHeartstone looking to build 30-strong estate
Heartstone Inns is looking to acquire additional managed houses, individually or in packages, in order to build its portfolio up to around 30 sites.
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NewsCBRE appointed to sell £21.6m collection of Marston’s pubs
Global real estate advisor CBRE has been appointed by Aviva Investors to sell a collection of pubs let to Marston’s, worth £21.6m.