All Finance articles – Page 37
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NewsRevolution claws its way back into growth
Negative like for like sales might not seem like an ideal trading position for the eponymous brand of Revolution Bar Group.
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NewsJKS counts cost of Gymkhana fire damage as it reopens
JKS Restaurants lost £1.52m in estimated damage and £2.43 in lost income as a result of the fire at Gymkhana.
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NewsTossed operator improved EBITDA ahead of Vital re-brand
Tossed has revealed a substantial improvement in its adjusted EBITDA to £300k in its report for the year ended 28 March 2019 released today.
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NewsInnventure sales up 14.5%
Seven-strong gastropub operator Innventure has reported a year on year sales uplift of 14.5% for the year ended 29 June 2019.
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NewsThe Vurger Co secures £1.4m investment, new Brighton site
Vegan burger brand The Vurger Co is to open its first restaurant outside London after securing a £1.4m investment.
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NewsWagamama sale cost £55m in admin expenses
The sale process of Wagamama to The Restaurant Group cost £55.2m in exceptional administrative expenses, newly released accounts reveal.
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NewsJust Eat Takeaway.com listed on LSE
Shares in Just Eat Takeaway.com will commence trading on the London Stock Exchange under ‘JET’ at 9am CET today.
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News
Searcys festive sales up 2.5%
Restaurant operator and events caterer Searcys has reported festive sales up 2.5% year on year.
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NewsJust Eat to become second partner to McDonald’s
Just Eat has agreed to become a nationwide with McDonald’s in the UK and Ireland.
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NewsCMA to ‘unexpectedly’ probe Takeaway.com-Just Eat deal
The Takeaway.com takeover of Just Eat could be investigated by the Competition and Markets Authority (CMA), the group has said.
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NewsHandmade Burger Co in administration again with all 18 sites closed
Handmade Burger Co. has gone into administration for a second time, with all 18 restaurants closing.
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NewsPunch buys package of seven pubs from Heartstone Inns
Punch has completed the acquisition of seven pubs from Heartstone Inns.
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NewsHawthorn Leisure: ‘Plenty more opportunities in pub sector’
Hawthorn Leisure CEO Mark Davies has told MCA he believes there will be plenty more opportunities for acquisitions in the pub market following the bumper M&A year of 2019.
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NewsBoxpark grows profits by 22%
Boxpark has grown profits by 22% to £1.6m in the year to April 2019, MCA can reveal.
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Analysis & InsightJ.P. Morgan Cazenove on Marston’s and M&B
After strong outperformance in 2019, we are moving MARS and MAB to Neutral, from Overweight, as the current share prices have now “caught up” to reflect the fundamentals, in our estimation. MAB’s operational performance inflected during 2019, and MARS largely resolved fears around its leverage and dividend sustainability. In addition, ...
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NewsCity Pub Group counts cost of ‘frustrating’ Christmas
The City Pub Group has lamented a number of “frustrating” factors which dampened its festive trading, including the December general election and industrial action on South East trains.
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Analysis & InsightBerenberg on City Pub Group
This morning, The City Pub Group (CPC) released a full-year trading update, noting that due to a series of largely one-off issues, 2019 earnings are expected to be modestly below prior expectations. While we only reduce our 2019 sales numbers by c1%, the impact of operational gearing means that our 2019 EPS forecasts come down by c12%. The impact on outer years is far more modest and we continue to believe in CPC’s expansion plans – so while we reduce our price target to 220p, we maintain our Buy rating.
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Analysis & InsightGoodbody on Whitbread
Whitbread - Thoughts into Q3 update, any confirmation of improving trends important
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NewsTakeaway.com approves Just Eat takeover
Takeaway.com shareholders have approved its all-share merger with FTSE 100-listed takeaway platform Just Eat.
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NewsMasala Zone operator grows profits
MW Eat, the Indian restaurant operator, grew total profits by 16% £3.51m, for the full year ending 31 March 2019.