Finance – Page 6

  • restaurant-at-the-bathurst
    News

    Punch buys package of seven pubs from Heartstone Inns

    2020-01-23T09:45:00Z

    Punch has completed the acquisition of seven pubs from Heartstone Inns.

  • Hawthorn-Pub
    News

    Hawthorn Leisure: ‘Plenty more opportunities in pub sector’

    2020-01-23T07:55:00Z

    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.

  • TRG Logo
    News

    Goodbody on TRG

    2020-01-16T07:58:00Z

    Restaurant Group will report a Q4 trading update in late January. At this point last year RTN gave full year LFL’s for the group and total sales. We forecast FY LFL sales growth of -0.8% in the Legacy business with LFL sales growth of 8.8% for Wagamama UK (implying a group FY LFL of just above 2%). As a reminder group LFL growth was +3.7% in the first 34 weeks.

  • News

    Goodbody on Marston’s

    2020-01-16T07:58:00Z

    Management were quite open at their FY results a few weeks ago that it was disappointed with FY19 trading and would be working hard to remedy it in FY20. It will be interesting to see if they can deliver better YoY growth this Christmas particularly given its comp is easier ...

  • News

    Goodbody on Coffer Peach

    2020-01-16T07:58:00Z

    The Coffer Peach data for the key 6 week Christmas trading period was released this morning. Sector like for likes were up 2.5%. Both Pubs and Restaurants saw a good LFL trading performance with restaurants +2.3% and pubs +2.7%. Within this wet led pubs slightly outperformed food led. Total sales growth for the cohort was +5.4%. The tracker added a new data point for bars which saw strong growth of 3.9%. The director of Coffer Corp leisure noted that “there is a post election sense of optimism”. 

  • News

    Goodbody on Mitchells & Butlers

    2020-01-16T07:58:00Z

    Like for like sales growth for the first 14 weeks of the year to the 4th of January was +2.6% (versus our H1 expectation of c.2.2%) with food +3.0% and Drink +1.8%. Implies growth of +3.5% in the most recent 7 weeks (Food +4% & Drink +2.7%). Total sales growth for the 14 weeks is +2.6%. The festive period showed good LFL sales growth of +5.6% over the three weeks, with +6.5% growth across the 5 key festive days.

  • News

    Goodbody on Domino’s Q4 update

    2020-01-16T07:58:00Z

    We believe investors will begin to focus more keenly on the health of the core UK and ROI business given DOM’s decision to exit its International markets. For H219 we forecast +3.0% LFL sales growth ex-splits, and +1% incl splits, in the key UK division. At the Q3 stage UK LFL ex-splits was +3.0% (+1.4% incl splits) so we essentially expect a continuation of trends, although we would note the comp is more difficult in Q4 so the group will need a good finish to the year.

  • Boxpark Wembley
    News

    Boxpark grows profits by 22%

    2020-01-14T08:31:00Z

    Boxpark has grown profits by 22% to £1.6m in the year to April 2019, MCA can reveal.

  • MARSTONS_Day_2_Jan_2019-1662_300dpi_CMYK
    News

    J.P. Morgan Cazenove on Marston’s and M&B

    2020-01-13T08:28:00Z

    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, ...

  • Pride of Paddington
    News

    City Pub Group counts cost of ‘frustrating’ Christmas

    2020-01-13T08:27:00Z

    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.

  • City Pub Co
    News

    Berenberg on City Pub Group

    2020-01-13T08:27:00Z

    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.

  • Beefeater interior
    News

    Goodbody on Whitbread

    2020-01-13T08:21:00Z

    Whitbread - Thoughts into Q3 update, any confirmation of improving trends important

  • Mitchells and Buttler Logo
    News

    J.P. Morgan and Goodbody on Mitchells & Butlers

    2020-01-10T08:34:00Z

    Robust Q120 LFL represents comparison-adjusted acceleration

  • Just Eat
    News

    Takeaway.com approves Just Eat takeover

    2020-01-10T08:32:00Z

    Takeaway.com shareholders have approved its all-share merger with FTSE 100-listed takeaway platform Just Eat.

  • Giggling Squid exterior
    News

    Giggling Squid nudges into profit

    2020-01-08T08:33:00Z

    Giggling Squid has moved into the black, reporting total profit after tax of £221,123 for the year ending 31 March 2019.

  • Masala Zone exterior
    News

    Masala Zone operator grows profits

    2020-01-08T08:33:00Z

    MW Eat, the Indian restaurant operator, grew total profits by 16% £3.51m, for the full year ending 31 March 2019.

  • Roger Whiteside, chief executive, Greggs
    News

    Greggs marks ‘exceptional year’ with £7m staff bonus

    2020-01-08T08:32:00Z

    Greggs is a make a one-off £7m bonus payment to employees in recognition of an “exceptional year”.

  • Roxy Ball Room
    News

    Roxy Leisure secures £7.5m growth backing from Foresight

    2020-01-08T08:32:00Z

    Social entertainment bar group Roxy Leisure has received a £7.5m investment from Foresight Group to help it support its expansion.

  • Chilango interior
    News

    Chilango CVA approved

    2020-01-07T08:33:00Z

    Chilango’s CVA proposals have been approved with the support of the majority of its creditors and shareholders.

  • Hickory's Gresty Green
    News

    Hickory’s receives £13m funding from ThinCats

    2020-01-07T08:33:00Z

    Hickory’s Smokehouse has received a £13m funding package from alternative lender ThinCats to accelerate its roll out of restaurants.