All Finance articles – Page 88
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News
Everyman Cinema raises £8.1m on AIM debut
Everyman Cinema, the London-based cinema chain whose shareholders include Ask founders Adam and Sam Kaye, raised £8.1m when it floated on the Alternative Investment Market (AIM) yesterday
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NewsBrewDog extends latest fundraising after “epic” response
BrewDog, the Scottish brewer and pub operator, has extended the limit set for its crowdfunding scheme, Equity for Punks, after an “epic response” to thefundraising so far
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News
Darwin & Wallace closes in on second site
Imbiba Partnership, the investment vehicle led by John Connell, is closing on a second site for its fledgling Darwin & Wallace (D&W) format, as it gears up to launch its third round of fundraising
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NewsJDW secures £100m expansion fund
JD Wetherspoon has secured an extra £100m facility for its expansion plan, chairman Tim Martin has told M&C Report
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NewsPunch gears up for restructuring
Punch Taverns has said it will announce a revised restructuring proposal during the first week of December 2013 with the broadest level of support achievable at that time and will then formally launch the implementation of that restructuring proposal shortly thereafter
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NewsSpirit completes refinancing
Spirit Pub Company has announced the results of its debt re-profiling, achieving its desired target of securing participating levels of 70% for A1 bondholders and 50% for A3 bondholders, which should free up c£53m of cash for expansion
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News
Friska receives funding boost
Friska, the Bristol-based healthy fast-casual restaurant chain, plans to open an additional three sites over the next two years, after securing new funding
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News
Leisure sector gears up for IPOs
The first significant moves in what is expected to be a return of IPO action in the leisure sector were made yesterday, with Merlin Entertainments valued at between £2.8bn and £3.3bn for its upcoming flotation and Everyman Cinema at £30m
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News
Imbiba to launch third fund
Imbiba, the investment vehicle led by John Connell, is set to launch its third London Bar and Restaurant EIS Fund, after raising £4.5m through its fundraising round
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News
Eclectic plans IPO
Eclectic Bars, the Avanti Capital-backed bar and club operator led by Reuben Harley, is preparing a £20m float on the Alternative Investment Market (AIM), which if successful would make it the first pub or bar business to float since Capital Pub Company in 2007
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NewsSmall cap gains boost M&C20
A second consecutive week of share price gains for leisure sector PLCs helped push the M&C20 index up 1.0% to 1,164. But it wasn’t enough to outperform the FTSE all-share, which grew 1.7% to a new high of 1,041
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News
Tighter controls on crowdfunding expected
Tighter regulations on the crowdfunding and peer-to-peer lending industry are set to be announced today, according to The Independent
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News
Lending to businesses reaches four-year high
Lending to businesses grew at the fastest rate in four years last month, fuelling hopes that government schemes may finally be starting to gain significant traction
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News
Investors target food operators at c£30m auction
Commercial property investors showed a particular appetite for food outlets at the Acuitus October auction, which saw a total of £29.08m of assets being sold
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News
Private equity refinance loans hit record rate
Private equity firms are tapping debt markets at a record rate to refinance the companies they own as an alternative to selling them, according to new figures from Standard & Poor
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Analysis & Insight
Eye on IPOs
With all the publicity and conjecture associated with the Royal Mail’s IPO, David Roberts, corporate lawyer and head of Olswang’s leisure practice, considers whether the F&B sector will catch the IPO bug.
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News
F&B firms looking to up investment
Driven by rising optimism globally many UK food and beverage companies are looking to increase investment across areas such as facilities, equipment,IT and product development over the next 12 months, according to a new report from advisory firm Grant Thornton
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NewsNatwest and RBS to add £150m to Leisure Fund
NatWest and RBS have added a further £150m to their dedicated Leisure Fund aimed at small and medium-sized businesses after receiving “incredible” demand from across the industry
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News
Finance provider sees more enquiries from sector
Boost Capital, the business finance provider, says it has seen a “dramatic rise” in enquiries for bar and restaurant operators in particular as it reports that one third of all demand from small and medium enterprises has come from the hospitality sector
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NewsM&C20 flat after mixed-bag leisure sector performance
It was a flat week for the M&C20, with 10 stocks up, 9 down and one unchanged - with the result that the index ticked down 0.2% to 1,119