Finance – Page 118
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NewsJust Eat urges shareholders to reject Prosus offer
Just Eat has told its shareholders a hostile takeover bid from Prosus of 710p per share “significantly undervalues” the company.
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NewsWagamama continues positive streak with 6.3% lfls growth
Wagamama has reported UK like for like sales growth of 6.3% for the 22-week period to September 29 2019.
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OpinionJP Morgan, Goodbody and Morgan Stanley on Mitchells & Butlers
Leading analysts share their views on Mitchells & Butlers (M&B) full year financial results, and how they stack up against forecasts.
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NewsSoul Food Enterprises sold in pre-pack
Soul Food Enterprises, the operator of Harlem Soul and Stax Diner, and its subsidiary Butterscotch bakery, have been sold in a pre-pack administration, MCA understands.
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News‘Businesses as usual’ at EIG ahead of Stonegate takeover
Ei Group has announced underlying EBITDA down 3.8% to £276m, following the disposal of 354 commercial property assets for £340.6m.
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NewsAzzurri Group achieves lfl growth across portfolio
Azzurri Group has reported a group sales increase of 7% for the year ended 30 June 2019, to £299.4m, with like-for-like sales growth seen across its four brands.
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NewsChilango in restructuring talks with RSM
Burrito brand Chilango is in talks with RSM over a potential restructuring, City A.M. reports.
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NewsH1 was ‘game of two halves’ for Young’s
Young’s & Co has reported a total revenue increase of 7.3% for the 26 weeks to 30 September 2019, in a period it described as a ‘game of two halves’.
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OpinionAnalysts’ verdict: JD Wetherspoon
Analysts at JP Morgan Cazenove and Goodbody share their reactions to the latest trading update from JD Wetherspoon and how it’s impacted their forecasts.
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NewsTakeaway.com forced to clarify comments on Just Eat bid
Takeaway.com has been forced to clarify comments made by its chief executive Jitse Groen, in which he reportedly told a press conference in Barcelona that he had no plans to improve the offer for Just Eat.
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NewsThwaites achieves strong first half performance
Thwaites has achieved a 7% increase in turnover, from £49.9m to £53.4m, for the six months to 30 September 2019.
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NewsChestnut to launch further fundraise; undergoing rebrand
Chestnut Group is about to launch another fundraise as it looks make acquisitions in the next six to 12 months that could boost its revenues by 35-40%, MCA can reveal.
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NewsPizza Express bondholders’ warning over brand’s future
Pizza Express bondholders have urged the restaurant chain’s senior management and Chinese owners to move quickly to restructure the group’s debt-laden balance sheet or risk its future, the Financial Times reports.
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NewsGreggs revises profit expectations
Greggs achieved a like-for-like (lfl) sales increase of 8.3%, within its company-managed shops, for the six weeks to 9 November 2019.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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NewsPizza Express receives tender offer for £80m worth of bonds
An affiliate of Pizza Express’ owner Hony Capital is understood to have launched a tender offer to acquire up to £80m of the group’s senior notes, due in 2022.
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NewsSoho House UK reveals £18m losses
Soho House UK, the Richard Caring-backed business, made a loss of £18.1m in 2018, new accounts show.
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NewsBababoom launches fundraise for 20-strong rollout plan
Kebab restaurant concept Bababoom is launching a fundraising drive to support its target of reaching 20 sites by 2024, MCA can reveal.
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NewsCaring sells £200m stake to former PM of Qatar
Richard Caring has sold a 25% share of his business empire Caprice Holdings, which includes The Ivy, private members’ club Annabel’s and restaurant Sexy Fish, to the former prime minister of Qatar, Hamad bin Jassim bin Jaber Al Thani, for £200m.
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NewsMarston’s confirms deal with Admiral on pub disposals
Marston’s has announced that it has reached an agreement for the disposal of 137 of its pubs to Admiral Taverns, for £44.9m.