Finance – Page 127
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NewsTaylor St Baristas to sell shops
Taylor St Baristas has agreed to the sale of its eight existing coffee shops as it continues its transition from retailer to “full stack coffee business”, MCA understands.
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NewsPuttshack completes £27m equity raise
Puttshack, the tech-enabled mini-golf concept from Adam Breeden, has completed a £27m equity raise with lead investor Promethean, to execute its UK and US expansion plan.
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NewsCauseway Capital: Pat Val ‘back on track’
Patisserie Valerie owner Causeway Capital has revealed further details of the turnaround plan for the chain, which includes a major rationalisation of its menus and product offering.
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NewsSSP acquires the three Jamie’s sites at Gatwick Airport
SSP will take over the operations of the three Jamie Oliver sites at Gatwick Airport after reaching an agreement with the administrators KPMG.
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NewsAnalysts corner: Berenberg on Greene King
In advance of Greene King’s new CEO Nick Mackenzie unveiling the company’s full-year results for 2019, the analyst shares its thoughts on the pub operator and brewer’s position in the market.
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NewsStrong performance in pubs and inns boosts overall sales at Thwaites
Thwaites saw turnover in its pubs and inns business increase by more than 8%, from £48.6m, to £52.7m, for the full year to 31 March 2019. EBITDA rose from £16.5m to £17.9m and operating profit was up by £1.6m to £14.3m.
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NewsBeds & Bars sees group EBITDA rise 29%
Beds & Bars has reported a 39% year-on-year increase in group EBITDA to £7.2m, for the full year ended March 2019.
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NewsTonkotsu eyeing expansion after securing £5m investment
Tonkotsu is eyeing expansion after securing a £5m investment from YFM Equity Partners.
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NewsAG Barr takes minority stake in spirits brand STRYYK
AG Barr has taken a minority interest investment in new business start-up Elegantly Spirited Limited – the owner of zero proof spirits brand STRYYK.
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OpinionAnalysts corner: M&B and Ei Group
Berenberg shares its latest thoughts on the performance of M&B and Ei Group, and how it’s affected their ratings.
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BigDish raises £2.1m
BigDish, the yield management platform for restaurants, has raised £2.1m through an institutional investor.
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Network Rail reports 4.4% rise in station sales
Network Rail has reported a 4.4% rise in retail sales in the 2018 financial year across 18 stations.
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NewsLoungers lfls up 6.9%
Loungers has announced a trading update, with like for like sales growth of 6.9% for the year ending 21 April 2019.
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NewsSt Austell reports on 'challenging' 2018
St Austell has reported turnover up 6.1% to £179m (from £169m), in the year ending December 2018.
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NewsBiff's appoints Allen as it invests in product range
Biff’s Kitchen, the vegan fast food operator, has secured six-figure investment to expand its foodservice and retail business, as first flagged up by MCA last month.
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NewsFriska makes loss in latest financial year
Friska, the YFM Equity Partners-backed group has made a loss in the full year to 30 September 2018, of £799.8k (2017: -£487.4k).
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Vianet Group see revenues up 7.7%
Vianet Group has reported a revenue increase of 7.7%, to £15.8m, for the full year to 31 March 2019.
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NewsCGA acquires CPL Training Group
CGA has acquired CPL Training Group, the privately-held, Birkenhead-based training and development group.
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NewsCoppa Club reports Q2 lfls up 8.9%
Coppa Club has reported that its like-for-like sales for the second quarter to (Jan - March), were up 8.9%.
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NewsGordon Ramsay Restaurants returns to profit
Gordon Ramsay’s restaurant group has posted a pre-tax profit of £0.5m for the year to August 2018, according to The Guardian.