All Finance articles – Page 47
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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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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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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 & 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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NewsGiggling Squid nudges into profit
Giggling Squid has moved into the black, reporting total profit after tax of £221,123 for the year ending 31 March 2019.
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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.
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NewsRoxy Leisure secures £7.5m growth backing from Foresight
Social entertainment bar group Roxy Leisure has received a £7.5m investment from Foresight Group to help it support its expansion.
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NewsGreggs marks ‘exceptional year’ with £7m staff bonus
Greggs is a make a one-off £7m bonus payment to employees in recognition of an “exceptional year”.
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NewsHickory’s receives £13m funding from ThinCats
Hickory’s Smokehouse has received a £13m funding package from alternative lender ThinCats to accelerate its roll out of restaurants.