All Finance articles – Page 27
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NewsAnglian Country Inns profits down after restructure
Anglian Country Inns has increased sales by 5% to £11.6m, driven by a new site the Lytton Arms.
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NewsRola Wala founder buys business out of administration
Rola Wala founder Mark Wright has bought back the brand and assets of the Indian wrap concept after it went into administration with liabilities of £511,585.
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NewsBreakfast Club appoints McVeigh, lfls up 4.3%
The Breakfast Club has appointed Draft House founder Charlie McVeigh as chairman, his first official role since selling the pub chain to Brewdog.
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NewsJust Eat tell shareholders to reject Prosus’ revised offer
Just Eat have recommended shareholders reject Prosus’ revised takeover offer, saying it still significantly undervalues the delivery marketplace company.
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NewsDrake & Morgan drives profits in ‘good year of progress’
Drake & Morgan, the London-based bar and restaurant group, has announced adjusted pre-tax profits of £1.9m, up 31% year on year.
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NewsRola Wala enters administration
Rola Wala, the Indian wrap concept backed by team behind Barworks, has entered into administration, MCA understands.
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NewsProsus raises offer in Just Eat battle
Prosus has raised its offer for Just Eat to 740p per share, valuing the business at $5.1bn.
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NewsTurtle Bay profits down by two thirds
Turtle Bay’s profits have been slashed by more than two thirds to £1.4m, its latest accounts show.
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NewsStonegate/EIG deal ‘could damage competition in 51 local areas’
Stonegate Pub Company’s proposed £3bn purchase of Ei Group does not raise UK-wide competition concerns but could damage competition in 51 local areas, the Competition and Markets Authority (CMA) has said.
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NewsGail’s Bakery pre-tax profit up 10% to £1.1m
Gail’s, the artisan bakery chain backed by Luke Johnson, has reported turnover up 18.4% to £47.6m in the year ending 28 February 2019.
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OpinionAnalysts’ verdict: Liberum and Peel Hunt on Loungers
Both Liberum and Peel Hunt have upwardly revised their full year estimates for Loungers, following the AIM-listed business’ positive interim statement yesterday (4 December).
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NewsNewRiver acquires Bravo Inns for £17.9m
NewRiver, the real estate investment trust (REIT), has acquired community pub company Bravo Inns for £17.9m.
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NewsGoodbody and JP Morgan on Marston’s
Goodbody has said it retains its “cautious view” on Marston’s in terms of investment due to the fact it has endured an extended period of muted like-for-like growth, it said in a note following Marston’s preliminary full-year results update on Wednesday (27 November).
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NewsHop Vietnamese closes in on crowdfunding target
Hop Vietnamese has raised more than three quarters (81%) of its £750k crowdfunding target, with 19 days still left to go.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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NewsMarston’s reports £20m loss amid debt reduction focus
Marston’s has swung to a £20m statutory loss of the full year to 28 September 2019, down from a £54.3m profit in 2018.
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NewsNando’s drives profits after central costs restructure
Nando’s UK business has reported revenues up 7.9% to £779.4m for the full year to 24 February 2019.
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NewsAnalysts’ verdict: JP Morgan and Goodbody on Wagamama
Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.
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OpinionAnalysts verdict: Berenberg on Domino’s
Despite improvement in its share price since its Q3 update last month, major challenges still remain for Domino’s Pizza, according to analysts Berenberg.
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NewsJust Eat urges shareholders to reject Prosus offer
Just Eat has told its shareholders a hostile takeover bid from Prosus of 710p per share “significantly undervalues” the company.