Finance – Page 119
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NewsKFC UK sees sales up 6% in Q3
KFC UK achieved a 6% sales increase for the third quarter ended 30 September 2019, resulting in a +14% increase for the year-to-date.
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NewsGreene King acquisition completes
CK Bidco has completed its acquisition of Greene King, with the pub operator and brewer’s share listing now cancelled on the London Stock Exchange.
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NewsTakeaway.com highlights conflict of interest in Just Eat deal
The proposed merger between Just Eat and Takeaway.com has seen another twist in the tale, after Takeaway.com notified Delivery Hero – which counts Prosus as its largest shareholder – that it must abstain from voting in its general meeting on the all-share deal due to a conflict of interest.
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NewsSoho House secures new investment
Soho House has raised $100m in new investment, from American private equity firm, Raycliff Capital and real estate investment trust Simon Property Group, The FT has reported.
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NewsUS activist investor takes major stake in Domino’s
Los Angeles-based investment firm Browning West has taken a stake in Domino’s Pizza Group worth c.£70m.
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NewsSacha Lord-backed bagel concept liquidated
Eat New York, the bagel shop concept backed by Manchester nighttime czar Sacha Lord, has been liquidated, MCA understands.
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NewsSouth American-inspired Tupi wound up
South American-inspired restaurant business Tupi has been liquidated, MCA understands.
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Analysis & InsightHedge funds’ involvement a ‘statement of support’ for Pizza Express
The latest development in Pizza Express’s debt dilemma sees big name credit funds enter the frame.
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NewsEmeny: ‘Deal gives us critical mass in the Cotswolds’
The acquisition of Cotswold Inns & Hotels is a great geographical fit for Fuller’s and gives it the critical mass it was looking for in the region, chief executive Simon Emeny has told MCA.
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NewsAberdeen Standard calls for more cash for Just Eat
Aberdeen Standard Investments (ASI) – one of Just Eat’s biggest investors – has called for Prosus to raise its offer by at least 20% for it “to be deemed attractive”, The Times has reported.
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NewsC&C sees strong brand performance in H1
Premium drinks manufacturer and supplier C&C Group has achieved net revenue growth of 13.5% over the six months to 31 August 2019, to €874.9m.
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NewsFuller’s to acquire Cotswold Inns & Hotels in £40m deal
Fuller’s has exchanged contracts in a £40m deal to acquire Cotswold Inns & Hotels.
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Analysis & Insight
Goodbody on Whitbread
Following the announcement of Whitbread’s H1 results, Rachel Fox, equity analyst at Goodbody gives her verdict.
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NewsTrial of McDonald’s To Go has been “encouraging”
Trials of McDonald’s new ‘To Go’ format have been “encouraging”, according to Paul Pomroy, chief executive for McDonald’s UK and Ireland, as the fast food operator’s focus on convenience gets results.
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NewsJust Eat rejects cash offer by investment group
Just Eat has rejected a cash offer for the business by Prosus – part of South African-based e-commerce group Naspers.
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NewsJust Eat publishes scheme document for Takeaway.com merger
Just Eat has announced the scheme document for shareholders, regarding its proposed merger with Netherlands-based Takeaway.com has now been published.
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NewsWhitbread sees turnaround in total F&B sales
Whitbread has seen total food and beverage sales within Premier Inn UK increase by 0.6% during the first half of 2019/20, following a 0.8% decline seen for H1 last year.
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NewsBrewdog launches new bond
Brewdog has teamed up with Crowdcube again to launch a new Brewdog bond, which will launch later this month.
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NewsJohnson revives sale plan for Gail’s
Entrepreneur Luke Johnson is reviving plans for a sale of Gail’s Bakery, Sky News reports.
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NewsFazenda turnover up but profits down after two new openings
City District, the operator of premium Brazilian steakhouse Fazenda, has increased its turnover but narrowed profits after opened two new restaurants last year.