Finance – Page 125
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NewsProud restructures cabaret businesses
Nightclub entrepreneur Alex Proud has liquidated several of his cabaret club businesses as part of what he told MCA was a “simple restructure”.
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NewsFever-Tree revenue up 13% as trend for long mixed drinks gains momentum
Fever-Tree achieved a 13% increase in revenue in the six months to 30 June 2019, to £117.7m.
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NewsArc Inspirations spike in sales during Cricket World Cup
Arc Inspirations, the operator of Manahatta, Banyan and The Box concepts, has reported a spike in sales across its sport-led sites during the recent Cricket World Cup.
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NewsWhitbread completes £2bn capital return programme
Whitbread has completed a £2bn capital return programme to shareholders.
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NewsStonegate agrees to acquire Ei Group in £1.27bn deal
Stonegate Pub Company has agreed to acquire Ei Group in a cash deal valuing the listed pub group at £1.27bn.
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NewsSan Carlo reports loss for the year despite boost to turnover
Manchester-based restaurant group San Carlo has posted a loss for the full year to 30 September 2018, of £133.7k, as market conditions and escalating costs ate into profits.
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Analysis & Insight
GDPR, CVAs, and the fight for lunchtime: RSM’s half year report
At the start of the year, RSM made some predictions about challenges and trends that the hospitality sector could expect to see in 2019. As the first six months of the year come to a close, partner Paul Newman reflect on those forecasts and looks at the latest trends and shifts in the market.
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NewsBird looks to restructure to avoid administration
Fried chicken and waffles restaurant Bird has filed a notice of intention to appoint administrators, according to The Evening Standard.
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NewsMuzinich takes controlling stake in Busaba Eathai
Muzinich Private Debt has acquired a controlling stake in Busaba Eathai, through a new holding company Curry Acquisitions.
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NewsAnalysts corner: Goodbody on JDW
On the back of JD Wetherspoon’s latest trading update yesterday, analyst Goodbody gives its views on the pub operator’s performance and said the numbers indicate a good finish to the year.
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NewsOakman reports lfls increase of 4.8% for last quarter
Oakman Inns has reported that like-for-like sales increased by 4.8% for the 13 weeks to 30 June 2019.
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News
Barons Pub Company sees +12% rise in turnover
Barons Pub Company sees turnover up by up by more than 12%, from £11.5m to £12.9m for the 12 months to 30 September 2018.
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NewsWetherspoon like-for-likes up 6.9%
J D Wetherspoon has updated on trading, with like-for-like sales up by 6.9% in the 10 weeks to 7 July 2019.
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NewsYoung’s stays positive as bad weather dents trading
Young’s has reported like for like sales at its managed house estate were down 2.1% for the first 12 weeks of 2019, blaming poor weather.
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NewsCMA could scupper Deliveroo deal
The Competition and Markets Authority (CMA) is investigating Amazon’s investment into Deliveroo.
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News
C&C reports on 'transformational' 2019
C&C Group, the drinks producer and supplier, has reported on a “transformational” 2019, following the acquisition of Matthew Clark and Bibendum.
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NewsLandlord covenant goes ‘full circle’
The concept of covenant has gone “full circle” with landlords now often preferring smaller independent brands to big institutional restaurant groups, Imbiba’s Darell Connell has told the Global Restaurant Investment Forum (GRIF).
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NewsTD4 reports falling lfls in “transitional” year for the group
TD4 Brands, the parent company that operates Boost Juice Bars and Shake Labs in the UK, has reported a decline in like-for-like (lfls) sales of 2.8% for the full year to 26 September.
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NewsFive Guys to continue rapid UK expansion despite losses
Five Guys has said it plans to continue its rapid roll out in the UK, despite posting pre-tax losses of £3.9m for the full year to 31 December 2018.
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NewsCarluccio’s reports improvements following ‘transitional’ year
Carluccio’s said there have been visible improvements to a number of metrics over the past three months, including like-for-like sales (lfls) and advance bookings, following what it described as a “transitional year” for the company.