All Finance articles – Page 7
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News
Recovery on track for Shaftesbury
Following a short-term period of disruption over Christmas, visitors and workers are returning to the West End, said the real estate investment trust
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Analysis & Insight
Marston’s location bias could leave them exposed
Marston’s bias towards sites in the West Midlands and the North of England could leave them “particularly exposed” to a macroeconomic downturn, according to analyst JP Morgan Cazenove.
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News
Wells & Co to offer further rent concessions
The decision by the family-owned pub business to offer a 10% rent concession to all its leased and tenanted pubs across came off the back of a tough December
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News
Peach beats the trend with a ‘wonderful’ Christmas
In the five weeks of Christmas and New Year, the pub company was up 3.1% on 2019
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News
City Pub Group 2021 in line with expectations
January 2022 began slowly, but in the last 10 days the pub operator reported a “significant increase in trade” as consumer confidence returns
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News
Pret to invest more than £9m in staff pay
Pret A Manger has announced that from April 2022, 85% of its team members will earn at least £10 per hour.
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News
C&C trading boosted by return to hospitality
Trading in Q3 was modestly ahead of expectations, with increased profit and cash generation during the period to end of November.
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News
Potential still exists for Leon US
Following a strategic review at the beginning of 2021, Leon exited the US – closing its four sites – in order to focus on the UK.
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News
ACI well-placed to exploit growth opportunities
Premium gastropub operator Anglian Country Inns reported strong consumer demand drove its recovery to financial strength in 2021
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Analysis & Insight
Punch 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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Interviews
Shepherd 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 & Insight
Hostmore 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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News
Rates 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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News
Oakman 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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News
D&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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News
Greggs 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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News
Young’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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News
Just 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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News
Outlook 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.