Finance – Page 120
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NewsJust Eat reports 25% revenue growth in Q3
Just Eat has reported revenue growth up 25% to £247.5m in Q3 2019.
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NewsHedge funds circle Pizza Express
Hedge fund CarVal is one of a number of money managers that has bought into Pizza Express’s heavily discounted corporate bonds, The Daily Telegraph reports.
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NewsAnalysts’ verdict: Goodbody on Domino’s
Domino’s decision to exit its international markets should be well received by investors, according to Rachel Fox, gaming and leisure analyst at Goodbody.
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NewsBills posts £9.1m loss for 2018; lfls boost following refurb programme
Bills Restaurants made a £9.11m loss last year – but has retuned to above market like-for-like sales growth across its estate following a major refurbishment programme, MCA can reveal.
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NewsLoungers lfls up 5.4%; four new openings in October
Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.
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NewsD&D reports improved autumn trading and regional strength
D&D London has reported like for like sales growth of 4%, as it commits to further projects in its home market, as well as growth in the US.
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NewsMarston’s wet-led pubs ‘lead the charge’
Wet-led pubs “led the charge” at Marston’s, with its Taverns business achieving like-for-like sales growth of 1.9% for the year ended 28 September 2019, including 5.4% in the last 10 weeks.
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OpinionAlixPartners: Cause for cautious optimism
The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith
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NewsBlack Sheep Coffee posts losses of £5.3m
Black Sheep coffee made losses of £5.3m in 2018, an increase from £2.8m in 2017, as the group invests in scaling up and adding new sites.
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NewsArc Inspirations EBITDA up 15%
Arc Inspirations, the operator behind Banyan, BOX and Manahatta, has announced turnover increased 16.7% to £27.2m, up from £23.3m on the previous year.
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NewsMOD Pizza UK reports £6.9m losses in 2018
MOD Pizza UK has reported losses of £6.9m in 2018 – following losses of £11m the previous year.
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NewsMcDonald’s turnover down amid franchise focus
McDonald’s UK saw turnover decrease in 2018 as its continued focus on franchising increasingly recognised incomes over sales.
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NewsYapster raises £2.6m
Yapster, a communications platform for hospitality workers, has raised just over £2.6m as the company looks to deliver on its ambitious growth plans for 2020 and beyond.
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NewsThai Leisure Group CVA is approved
Thai Leisure Group has had its proposed Company Voluntary Arrangement approved by its creditors.
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NewsKFC profits plunge after chicken crisis
KFC UK saw its turnover and profits plunge following its distribution crisis last year, but did not swing to a loss over all.
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NewsPizzaExpress hires advisers for debt talks
PizzaExpress has hired financial adviser Houlihan Lokey to prepare for debt talks with its creditors amid continued tough trading conditions, Bloomberg reports.
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NewsBrewdog bars lose £235k amid expansion drive
Brewdog’s bar division made a pre-tax loss of £235,000 in 2018 - up from £45,00 in 2017.
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NewsAdministrators appointed at Bumpkin and Eclipse operator Ignite
Ignite, the premium West End operator which was once a favourite of Prince William and Prince Harry, has been taken into administration, MCA understands.
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NewsPrezzo made £29.7m loss in 2018 after CVA
Prezzo made an operating loss of £29.7m in 2018 following the CVA that saw it close nearly 100 restaurants.