Finance – Page 143
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NewsRevolution sees positive results from new late-night trial
Revolution Bars Group chief executive Rob Pitcher has told MCA he is encouraged by early signs from the group’s trial of a more experiential late-night offer.
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NewsDeliveroo pre-tax losses increase to £184m
Deliveroo’s pre-tax losses increased to £184.7m in 2017 – up from £129.1m in 2016 – as it invested an additional £106m in the business.
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Mildreds and Encore Capital deny sale report
Reports that Encore Capital has acquired vegetarian restaurant group Mildreds has been denied by both parties.
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NewsInverleith takes majority stake in Planet Organic
Scottish-based investment fund Inverleith has acquired a majority stake in supermarket and food-to-go chain, Planet Organic, in a deal thought to be worth £15m.
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NewsRobinsons FY tenanted lfls up 3.1%
Family brewer and pub operator, Robinsons, has reported like-for-like sales (lfls) in its tenanted division up 3.1% in 2017, with its currently 11-strong managed growing lfls by 15.6%.
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NewsRevolution FY lfls down 0.6%
Revolution Bars Group saw like-for-like sales fall 0.6% in the year to 30 June, with the second half of the year seeing a dip of 3.2%.
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NewsFive Guys secures new £100m facility
Five Guys has secured a new £100m banking facility through Goldman Sachs as it seeks further growth across the UK and Europe.
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NewsApplegreen share placing raises £156m
Applegreen, the service station retailer, has raised £156m through a new share placing to part-fund the acquisition of Welcome Break.
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Richoux H1 revenue down 10.3%
Richoux Group, the Jonathan Kaye-led listed restaurant group, has reported revenue down 10.3% in the 26 weeks to 1 July compared to the comparable 28-week period last year.
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NewsAnalysts corner: Mitchells & Butlers
Following Mitchells & Butlers pre close trading update yesterday, analysts from JP Morgan and Goodbody give their views on the company’s performance.
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NewsJamie’s Italian made £29.2m loss in 2017
Jamie Oliver Group has confirmed that Jamie’s Italian Ltd made a £29.2m loss in the year to 31 December 2017.
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NewsChapel Down to launch experiential gin bar in King’s Cross
Chapel Down Group is to launch an “experiential bar, restaurant and ginnery” in King’s Cross.
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NewsM&B lfls up 1.2% YTD
Mitchells & Butlers (M&B) has reported like-for-like sales (lfls) on a reported basis up 1.2% in the 51 weeks to 22 September, with the final eight weeks seeing growth of 0.8%.
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NewsJW Lees returns to new-builds
JW Lees has exchanged contracts on its first new-build in a decade as it seeks to diversify its growth strategy.
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NewsSSP expects FY lfls up 3%
SSP Group, the concessions operator, has reiterated its expectation of delivering like-for-like sales growth of between 2% and 3% for the year to 30 September.
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NewsShepherd Neame FY managed lfls up 1.3%
Shepherd Neame saw like-for-like sales in its 68-strong managed estate grow 1.3% in the year to 30 June.
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NewsJohnson ups stake in Brighton Pier Group
Luke Johnson has invested a further £1m into Brighton Pier Group, taking his stake to 27%.
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NewsAllplants secures £7.4m funding
Allplants, a UK-based vegan meal delivery start-up, has secured £7.5m investment led by Octopus Ventures.
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HousekeepingCity Pub Group eyes new £40m debt facility
City Pub Group is in talks over new debt facilities of up to £40m as it seeks further growth amid booming drinks sales.
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NewsApplegreen sees strong food growth in H1
Applegreen, the service station retailer which is in the process of acquiring Welcome Break, has reported strong growth in food sales across its UK estate in the six months to 30 June.