Finance – Page 149
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NewseasyCoffee secures £10m investment
easyCoffee, the value coffee chain backed by the easyGroup, has received a £10m investment from Stellar Asset Management.
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NewsAdventure Bar confirms seventh site and new funding
Adventure Bar Group has confirmed the acquisition of the Electricity Showrooms in Hoxton from Barworks, after securing new funding from OakNorth, as first revealed by MCA last week.
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NewsAnalysts corner: JP Morgan on Greene King
JP Morgan says it believes that there was a greater need for improvement in the quality of Greene King’s Spirit estate than perhaps was realised at the time of its acquisition, and that it has weighed down on the combined group’s performance
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NewsCDG £30m refinancing package
Casual Dining Group, (CDG) the operator of Las Iguanas, Café Rouge and Bella Italia, has announced a new cash investment of £30m as part of a refinancing of the group.
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NewsGodik among bidders for Gaucho
Gaucho Group founder Zeev Godik is believed to be amongst the bidders for his former business, MCA has learnt.
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NewsHeavitree H1 profits up after pubs sales
Heavitree Brewery, the Exeter-based tenanted pub operator, has reported a 138.7% increase in pre-tax profits in the first half of the year after a spate of sales.
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NewsAnalysts corner: Hargreaves Lansdown on Whitbread
Overall sales may be up at Whitbread, but Costa Coffee saw a 2% dip in like-for-likes for the first quarter of 2018. Hargreaves Lansdown’s Laith Khalaf and Nicholas Hyett suggest the coffee chain is suffering from a case of the high street blues, and that a spin off might be the best thing for it
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NewsFlight Club set to secure new funding
Flight Club, the social darts concept, is set to secure new funding as it looks to further expand its core brand and launch a new concept called Electric Shuffle, MCA understands.
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NewsWhitbread f&b lfls down 1.9% in Q1
Whitbread has this morning reported food & beverage sales across the business down 1.9% on a like-for-like basis for its first quarter with Costa UK like-for-like sales down 2%
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NewsMarston’s signs five-year deal with Founders Brewing
Marston’s has secured a new five year distribution deal with American craft brewers - Founders Brewing Co.
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NewsAnalysts corner: Peel Hunt on Greene King
Peel Hunt analysts Douglas Jack and Ivor Jones have given their predictions for Greene King’s preliminary results next week. They expect to see managed pub trading returning to positive trading and signs that its wet-led pubs are receiving a boost from the weather and World Cup.
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NewsBeavertown confirms Heineken investment
Beavertown Brewery founder Logan Plant has confirmed the sale of a minority stake to Heineken, as reported by MCA last month.
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NewsSt Austell secures new £15m bank facility
St Austell Brewery has secured a new £15m Revolving Credit Facility (RCF) from HSBC to help further grow its pub estate
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NewsF&B at Westfield London worth £105m
Sales in food and beverage at Westfield London have grown 88% since opening nearly 10 years ago, and now accounts for 10% of total revenue, a total of £105m each year.
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NewsAnalysts corner: Peel Hunt on May trading
Leading analysts, Douglas Jack and Ivor Jones, of Peel Hunt, have given their view on the most findings from the Coffer Peach Business Tracker, which they say indicate a trend that is likely to continue for the next few months.
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Analysts corner: Morgan Stanley on GDPR
Analysts at Morgan Stanley examine how key players in the hospitality sector adapted to the GDPR legislation and the likely impact on day-to-day business.
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NewsAnalysts corner: Shore Capital on Marston’s
Analysts at Shore Capital have suggested that Marston’s faces its own “Gordian knot of balancing debt, dividend and capital investment” and that the best solution may be an all-share merger with a comparable drinks business, such as C&C Group.
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NewsZonal to acquire EPoS supplier Comtrex
Zonal Retail Data Systems has entered into a definitive agreement to acquire 100% of the share capital of EPoS systems supplier Comtrex.
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NewsAnalysts corner: Peel Hunt and Edison on Revolution Bars
While yesterday’s trading update from Revolution Bars’ revealed declining like-for-like sales, Edison Investment Research analyst Paul Hickman believes there are a number of positives to be gleaned from the results, and Peel Hunt puts four-fifths of the downgrade down to ‘unhelpful conditions’
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NewsAnalysts corner: Peel Hunt on Just Eat/Deliveroo
Peel Hunt’s analysts have given their view on how Deliveroo’s move to allow restaurants with their own delivery function to list on its site will impact on Just Eat, as well as the implications for the wider delivery market.