Finance – Page 135
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NewsAnalysts corner: Rollo on Whitbread
Morgan Stanley analyst Jamie Rollo gives five reasons to stay positive about Whitbread following its announcement of faltering like-for-like sales in its third quarter.
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NewsAnalysts corner: City Pub Company
Following its 2018 trading update, analysts at Liberum and Berenberg share their views on City Pub Company’s performance.
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NewsPatisserie Holdings: Ledgers contained thousands of false entries
Patisserie Holdings is working with KPMG to examine “all options” open to the beleaguered chain after investigations into its accounts revealed the picture was worse than first anticipated.
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NewsDarwin & Wallace in positive territory despite £500k loss last year
Darwin & Wallace founder Mel Marriott has told MCA that business performance is in “firmly positive territory” despite a near £500k loss posted in its latest accounts for the year to 27 May 2018.
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NewsCity Pub Group FY lfls up 1.6%
City Pub Group grew like-for-like sales (lfls) 1.6% in the year to 30 December, with festive lfls up 7%.
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NewsOlvin secures £1.5 seed investment round
Olvin, an analytics platform for bar operators and the wider drinks trade, has secured £1.55m seed round of investment led by Brainchild Ventures and Novator Partners.
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NewsAnalysts corner: Berenberg on pubs
On the back of varied performance by the multiple pub operators last year, Berenberg lays out its key areas of focus in the sector this year and looks at how the pub chains might fare.
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NewsOakman achieves 8.5% rise in YTD lfls
Oakman Inns has achieved an 8.5% increase in like-for-like sales during the 40 weeks to 6 January, including an 8.5% rise over the five-week festive period.
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NewsFlat Iron secures £5m funding from ThinCats
Flat Iron, the Piper-backed steak restaurant group, has secured a £5m funding package from ThinCats to support of its growth plans.
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NewsRevolution H1 lfls down 4%
Revolution Bars Group’s strong festive trading could not compensate for the like-for-like sales (lfls) decline in the first quarter.
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NewsBruce Pubs admitted to NEX Exchange Growth Market
Bruce Pubs, a subsidiary of Bruce Group Scotland, has listed on the NEX Exchange Growth Market.
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NewsEiG sells commercial property arm for £348m
Ei Group has announced the sale of its 370-strong commercial properties arm for £348m.
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Brighton Pier Group reports “challenging” conditions for bars
Brighton Pier Group, the Luke Johnson-chaired group, has said it expects pre-tax profits to be c18% lower than expected in the current financial year.
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NewsFuel Juice closes four, posts c£1m loss
Fuel Juice Bars, the Kings Park Capital-backed concept, has closed a further four sites since entering into a CVA just over a year ago.
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M&B Q1 lfls up 4.7%
Mitchells & Butlers has reported like-for-like sales (lfls) in its first quarter – to 5 January – up 4.7%, with total sales growing 5.1%.
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NewsAnalysts corner: Greene King
Following Greene King’s trading update yesterday, MCA round-ups the views of analysts from JP Morgan Cazenove, Liberum, Hargreaves Lansdown and Goodbody.
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NewsInn Collection Group secures £10m OakNorth funding package
Alchemy-backed The Inn Collection Group has secured an additional £10m funding package from OakNorth, to support its plan to double the estate by 2022.
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NewsChristmas trading update, part 2
With January now in full swing, and many more operators having crunched the numbers, MCA takes another look at how the festive trading faired for the sector, with strong like-for-like growth reported by many. Featuring Brasserie Bar Co, Crussh, Arc inspirations and Dirty Martini
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NewsStarbucks scales back speciality ambitions
Starbucks chief executive Kevin Johnson has scaled down his predecessor’s aspirations to open 1,000 of its speciality-style Reserve format coffee shops.
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NewsTossed sees strong lfls on back of tough trading year
Healthy-eating chain Tossed has seen strong like-for-like (lfl) sales growth for the year to date, following a tough trading period in the financial year ended 31 March 2018.