Finance – Page 109
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NewsAmazon investment in Deliveroo 'should not have a negative impact on customers'
Amazon’s investment in Deliveroo should be provisionally cleared, because it is not expected to damage competition in either restaurant delivery or online convenience grocery delivery, the Competition and Markets Authority (CMA) has found.
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NewsDiageo launches $100m recovery fund
Drinks giant Diageo has launched a $100m fund to help pubs and bars across the globe recover from the coronavirus crisis.
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NewsYoung’s raises £88.4m in equity issue
Young’s has raised gross proceeds of £88.4m through an equity issue.
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NewsStonegate to launch high-yield bond to finance Ei takeover
Stonegate is set to raise money via a high-yield debt issue in the coming weeks to help to finance the purchase of Ei, Reuters reports.
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NewsSoho House secures £81m injection from Burkle
Soho House has secured a $100m (£81m) equity injection to shore up its finances across its global network of venues.
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NewsBlackhouse enters administration
Living Ventures has placed its Blackhouse and Newgate businesses into administration, affecting four restaurants.
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NewsWagamama looks to the future with reopening plan
Wagamama CEO Emma Woods has hailed the cost-effective way the brand closed its estate, as it focusses on the safe reopening of its restaurants.
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NewsDomino’s lfls up 6.1% in half year to date
Domino’s UK like for like sales were up 6.1% for the first half of the year to date.
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NewsMcDonald’s sees signs of recovery in global sales
McDonald’s global sales began to gradually improve in May as it reached the 90% reopened store mark.
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NewsLPQ sold in pre-pack with 10 stores closed
Le Pain Quotidien’s UK operations have been sold in a pre-pack administration deal, Sky News reports.
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NewsM&B extends lending facilities by £100m
Mitchells & Butlers has extended its lending facilities by £100m, giving it access to liquidity of £250m through to 31 December 2021.
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NewsJust Eat Takeaway.com snaps up Grubhub for £5.75bn
Just Eat Takeaway.com has further consolidated its position in the global delivery market by buying US company Grubhub for $7.3bn (£5.75bn).
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NewsTRG launches CVA to close 125 sites
The Restaurant Group has announced a proposal to enter a company voluntary arrangement (CVA) for its leisure estate.
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NewsThree Joes acquires The Stable
Three Joes, the sourdough pizza and craft beer restaurant chain, has acquired 14-strong The Stable pizza chain from Fullers for an undisclosed sum.
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NewsWasabi hires KPMG
Wasabi, the Capdesia backed sushi and bento brand, has hired KPMG to negotiate rent cuts, the Sunday Times reports.
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NewsRevolution raises £15m in share placing
Revolution Bars Group has raised £15m its share placing launched earlier today.
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NewsAzzurri sounds out sale
Ask Italian and Zizzi operator Azzurri Group is exploring a sale of the company, Sky News reports.
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NewsRevolution launches £15m fundraise
Revolution Bars Group is seeking to raise £15m in a share placing, while transfer trading from the London Stock Exchange to the smaller AIM.
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NewsSSP raises £11m in share placing
SSP Group has raised gross proceeds of approximately £11m through a share placing.
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NewsYoung’s: ‘Our pubs will reopen in August, but sales won’t normalise until FY22’
Young’s expects to have the majority of its 276 pubs reopened by 3 August, but has said that sales will not return to normal levels until FY22 “when this unprecedented period is at an end.”