Finance – Page 131
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News
Impossible Foods seeks fresh investment
Impossible Foods, the US imitation meat company, is looking to raise fresh funding to increase its production capacity, after striking a distribution deal with fast-food chain Burger King.
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News
Deliverect secures £2.3m to expand in the UK
Deliverect, a Dutch start-up that simplifies the online delivery process for restaurants, has received €3m (£2.3m) in funding from Newion Investments and Smartfin to expand in the UK.
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News
Bruce Group on target for three-fold revenue increase
Bruce Group Scotland has claimed it is on course to achieve a three-fold increase in revenues in three years, from £3.4m in 2016, to £12m in the current financial year.
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NewsEx-Merrill Lynch exec backs healthy eating concept
Former Merrill Lynch director Osman Semerci has backed healthy food shop and restaurant Little Farm.
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NewsAprirose acquires 45 Spirit pubs
Aprirose, the real estate investment company, has acquired a 45-strong Spirit Pub Company branded portfolio from British Land for c£130m.
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NewsFourpure owner Lion acquires Magic Rock
Australian-headquartered food and beverage company Lion has acquired 100% of UK craft brewer Magic Rock Brewing Company.
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NewsZonal sees lfl growth margins up 4%
Zonal has seen its like-for-like gross margin increase by 4%, to 70%, in the year ended 30 June 2018, with record investment in research and development – up 41% to £6.9m.
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NewsCat’s Pyjamas administrators contradict founder's rescue claims
Administrators for The Cat’s Pyjamas have contradicted claims by owner Alison White that a buyer has been found for the business. Lewis Business Recovery said no buyer had been found and that rescuers are still being sought to prevent the business being wound up completely – contrary to a statement ...
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Analysis & Insight
Analysts Corner: Irvine-Fortescue on UK pubs & restaurants
Mark Irvine-Fortescue, who recently joined Stifel from Panmure Gordon, writes that in a lacklustre operating environment, pub and restaurant equity performance will be driven by companies’ ability to flex balance sheets, as the US investment bank relaunches coverage of the UK leisure sector.
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NewsAdministrators investigating affairs of Authentic Alehouses
The administrators of Authentic Alehouses, the Crowdstacker-backed pub group, have told MCA three pubs have shut while four continue to trade under license.
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NewsWildwood confirms expansion pause for 2019
Wildwood operator Tasty has reiterated that it does not intend to open any new restaurants in 2019, as it reported a 6% decline in revenue for the year to 30 December 2018.
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NewsKettlebell Kitchen acquired out of liquidation
Kettlebell Kitchen, the fitness food concept which went into liquidation, has been acquired by a new company, MCA understands.
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NewsWorldpay acquired in $43bn deal
Worldpay, the leading processor of payments in the UK, is subject to a $43bn acquisition bid from US rival Fidelity National Information Services.
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NewsWelcome Break non-fuel lfls up 3.7% in 2018
Welcome Break, the motorway service station operator, saw non-fuel sales grow 3.7% on a like-for-like basis in 2018.
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NewsWagamama US is “subscale operation”
The Restaurant Group has said Wagamama’s US arm is a “subscale operation” and a strategic review is required to assess future plans.
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OpinionAnalysts corner: JP Morgan on TRG
On the back of The Restaurant Group’s full year results this morning, Alexander Mees at JP Morgan gives his views on what has been a busy few months for the operator.
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NewsJDW sees H1 lfls up 6.3%
JD Wetherspoon has achieved a revenue increase of 7.1% for the 26 weeks to 27 January 2019, to £889.6m, with like-for-like sales (lfls) up 6.3% over the period.
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NewsTRG returns to lfl growth
The Restaurant Group (TRG) ended 2018 with like-for-like sales (lfls) down 2%, but has this morning reported a rise in the 10 weeks to 10 March of 2.8%.
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NewsAnalysts corner: Hargreaves Lansdown on Just Eat
Three months after it dropped out of the FTSE 100, Just Eat is due to re-join it. Hargreaves Lansdown gives its thoughts in its readmission.
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NewsCineworld UK retail sales up 3.5%
Cineworld has reported a 3.5% rise in retail revenue for the Uk & Ireland in 2018, boosted by a broader range of f&b offers.