All Finance articles – Page 62
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‘Pub for tea’ concept launches crowdfunding drive
A concept backed by the co-founder of Franco Manca to create a chain of “pubs for tea” has launched a Crowdcube fundraising drive.
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Innis & Gunn raises £2m through beer bond
Innis & Gunn has raised £2m of a target £3m through its BeerBond, with one in 10 investors choosing to take their return in the form of beer
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NewsCabana eyes £5m fundraising
Cabana has begun its latest fundraising round as it looks to strengthen its openings pipeline
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NewsProfit taking hits M&C20 after buoyant weeks
The M&C20 outperformed the All Share index this week, down 0.7% against the All Share’s 2.6% drop
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NewsFY EBITDA up 50% at Loungers
Loungers, the Bristol-based cafe/bar group, is forecasting run-rate turnover for its current financial year to rise to £78.8m
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Cake restaurant payment app launches crowdfunding drive
London-based restaurant payments app Cake has launched a Crowdcube campaign to raise £800,000 towards its expansion
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NewsGrexit overhangs M&C20
In what was a half term week of fairly low volumes in the stock markets, the M&C20 outperformed the All-Share Index, rising 0.3% while the wider market fell 0.2%
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BrewDog offers rewards for investor referrals
Scottish brewer and bar operator BrewDog is offering a series of rewards as part of its Equity for Punks referral scheme.
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NewsWarm weather supports pub share prices
The M&C20 was down 0.3% this week, underperforming a 0.7% rise in the All-Share Index, as profit taking of SSP Group’s shares held the M&C’s index back, while the minutes suggesting a rate rise may be delayed from the last BoE interest rate meeting supported the wider market
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NewsIndustry leaders back Red’s next stage of growth
Fast-growing smokehouse concept Red’s True Barbecue has secured £5m of new investment from a group of leading industry players
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NewsSSP reports 3% H1 sales growth
SSP has reported like for like sales growth of 3% across its travel concession brands demonstrating a “good financial performance” for the first six months since it floated on the stock market
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Crowdfunding becoming “a loyalty card on steroids”
Bonds are becoming an increasingly important method of attracting attention in an ever-more competitive crowdfunding market, according to Crowdcube.
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Wrap It Up! completes crowdfunding campaign
Wrap it Up!, the gourmet wrap concept led by Tayub Mushtaq, has completed its crowdfunding campaign
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NewsBig week for pubcos boost M&C20
The M&C20 had a very strong week last week, and has again outperformed the wider market this week rising 0.7% against a 0.3% drop in the FTSE all-share, Will Brumby of Langton Capital writes.
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NewsJack: TRG 2015 lfls to top 3%
Leading analyst Doug Jack at Numis predicts FY like-for-like sales to rise 3% at The Restaurant Group as customer cash flow improves following its solid trading update
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Warm April boosts pub spending 8%
Discretionary spending in the leisure sector was a key driving force for growth in April with spend on eating out and cinema visits up 7.3% year on year, according to the latest consumer spending report from Barclaycard
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NewsTRG: positive start to 2015 as momentum continues to build
The Restaurant Group (TRG) reports total sales up 8.5% year on year for the 19 week period to 10 May 2015 and like-for-like sales ahead by 2% and anticipates momentum to continue building
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Keuken launches crowdfunding campaign
Keuken, a self-service takeaway meal service in a wall concept, has launched a fundraising campaign on Crowdcube to raise £100k to set up a flagship site in Shoreditch as a direct challenge to the food-on-the-go market
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NewsPolitical stability brings strength to sector
Election week was always going to be big news across the country and in the stock market it was no different. Ahead of the result the prospect of a hung parliament had the All-Share index subdued, but it opened up almost 2% today following the news of a continuation of Tory leadership, bringing the weekly change to up 1.4% for the UK index. The M&C20 outperformed markedly as domestic stocks were strong on relief that the government’s economic strategy is likely to remain unchanged
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NewsGeopolitical fears unsettle M&C20
The M&C20 was down 1.6% this week, while the All-Share index was 1.9% lower in a week where stocks were driven down largely by geopolitical worries