Finance – Page 145
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NewsPret achieves 13.2% increase in revenue during 2017
Pret A Manger has achieved a 13.2% increase in revenue, to £878.5m, for the 52 weeks to 28 December 2017, with like-for-like sales up 3.2%.
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NewsCiti: Sector operators in a “precarious state”
Analysts at Citi have warned that many pub companies are in a “precarious state”, as they have too much leverage and little surplus cash flow as an increasingly indebted UK heads for a “potential disorderly Brexit”.
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NewsDoCaSA lines up seven more
The Department of Coffee and Social Affairs (DoCaSA), the speciality coffee shop group, has seven more stores under construction, which would take its UK estate to 26.
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NewsNavitas secures £745k investment
Navitas, the health and safety solutions provider, has secured £745,000 of equity investment from the Midlands Engine Investment Fund (MEIF) and Foresight Group.
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OpinionAnalysts corner: Morgan Stanley on Whitbread
Following the news last week that Whitbread is to sell Costa Coffee to Coca-Cola, leading analyst Jamie Rollo from Morgan Stanley asks what’s next for Whitbread, now the focus has shifted to Premier Inn?
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NewsAnalysts corner: Edison and Goodbody on TRG
While The Restaurant Group’s H1 trading update this morning might not have looked too rosy on the surface, the fact it is mid-turnaround meant a 3.7% drop in like-for-likes was actually no worse than expected, according to analyst Edison, which shares its views of the results alongside Goodbody.
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Opinion
Analysts corner: Peel Hunt on TRG
Recommending shareholders sell, analysts from Peel Hunt give their take on TRG’s results this morning.
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NewsAnalysts corner: Goodbody and HL on Costa Coffee
Following the news that Whitbread has agreed to sell Costa Coffee to The Coca-Cola Company for £3.9bn in cash, Hargreaves Lansdown and Goodbody give their views on this landmark deal, which saw shares rise 18.4% in early trading
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NewsFood & Fuel confirms sale to Brunning & Price
Food & Fuel has confirmed it has sold the entire share capital of the business to Brunning & Price, part of The Restaurant Group (TRG), as reported by MCA yesterday.
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NewsDowning confirms multi-million investment in Apprise Pubs
Downing LLP has confirmed a multi-million pound investment in Apprise Pubs Limited, as first reported by MCA in March.
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NewsWhitbread sells Costa to Coca-Cola for £3.9bn
Whitbread has agreed to sell Costa Coffee to Coca-Cola for £3.9bn, a stock market update revealed this morning.
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NewsTRG sees lfls down 3.7%; total sales down 2.1%
The Restaurant Group (TRG) has announced a decline in like-for-like (lfl) sales of 3.7%, while total sales are down 2.1% to £326.1m (2017: £333.1m), for the 26 weeks to 1 July 2018.
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NewsTRG to acquire Food & Fuel
The Restaurant Group (TRG) has agreed to acquire Food & Fuel, London-based food-led pub operator, in a deal valued at c£15m. MCA understands that the 11-strong Food & Fuel business, which comprises eight gastropubs, one sports pub and two café bars, will be incorporated into TRG’s c65-strong pub arm – ...
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NewsRichoux raises £1.09m via share subscription
Richoux Group has raised £1.09m through a subscription of 18,168,335 new ordinary shares of 4 pence each, at a price of 6 pence per ordinary share.
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NewsPizzaExpress lfls down 0.7% in H1 2018
PizzaExpress’ UK & Ireland business saw like-for-like (lfl) sales drop 0.7% in the first half of the year, due to the impact of adverse weather earlier this year.
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NewsBGF invests £7.5m into Purity Brewing Co
Purity Brewing Co, one of the UK’s largest independent breweries, has received £7.5m investment from the British Growth Fund (BGF), in order to support its growth strategy.
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NewsChilango gears up to issue second Burrito Bond
Chilango’s parent company Mucho Mas had said it is in the advanced stages of issuing a second Burrito Bond, in order to fund the continued development of the business.
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NewsRichoux to launch £1.1m share subscription
Richoux, the Jonathan Kaye-led company, has said it intends to raise approximately £1.1m by way of a share subscription.
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NewsNWTC secures £5.6m funding from NatWest
New World Trading Company (NWTC), the Graphite-backed national pub group, has secured a further £5.6m investment from NatWest, to fund further growth.
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NewsElectra ends formal sales process but talks continue
TGI Fridays UK backer Electra Private Equity has ended its formal sales process but said discussions continue on possible individual portfolio or group sales.