Finance – Page 150
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NewsRevolution lfs slide 1.7% in H2
Revolution Bars Group has reported like-for-like sales down 1.7% in the second half of its financial year to 9 June, amid “challenging and volatile trading conditions”.
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NewsPret sets pace as M&A activity hots up
The past month has arguably been the sector’s busiest for M&A activity in recent memory – and the most diverse.
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NewsFlight Club sees turnover up 60% for 2017
Flight Club Darts has reported a turnover increase of more than 60% during the full year to 31 December 2017, from £4.6m in 2016, to £7.4m in 2017, in its latest accounts filed at Companies House.
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NewsFuller’s eyes return to acquisition trail for The Stable
Fuller’s chief executive Simon Emeny spoke to MCA about the potential to return to the acquisition trail with The Stable, investment opportunities in the sites acquired from We Are Bar and the lessons learnt from the £6.3m acquisition of Dark Star earlier this year. He also discussed the evolution of the tenanted estate and initiatives to further develop its teams.
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NewsFuller’s FY managed lfls up 2.9%
Fuller’s has reported like-for-like sales up 2.9% in the year to 31 March across its managed estate.
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NewsTriSpan confirms investment in Rosa’s
Private equity firm TriSpan has confirmed it has acquired a majority stake in Rosa’s Thai Café
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NewsAnalysts Corner: Peel Hunt on Fuller’s
In advance of Fuller’s full year trading update on 8 June, Douglas Jack and Ivor Jones, leading analysts at Peel Hunt, suggest that current trading should be better than the shares suggest for Friday’s results
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NewsVianet grows profits despite 1,420 pub disposals
Vianet has said its strategy of increasing its focus on coffee and vending machines is showing rewards, as profits and revenue grew in the year to 31 March.
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NewsAnalysts Corner: Morgan Stanley on Whitbread
Leading analyst Jamie Rollo, from Morgan Stanley, gives his thoughts on what the weakening trading environment means for Whitbread and what its Q1 trading update could show later this month
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NewsNotes eyes larger London estate and travel hub sector
Notes, the coffee shop and bar concept, plans to open three sites next year and five the year after off the back of a successful, still live crowdfunding campaign.
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NewsCashless payments to outstrip paper money by 2021
A new report has suggested that cashless payments will make up the majority of transactions by 2021.
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NewsUsher meets Kickstarter challenge in just one hour
Gary Usher, the chef-restaurateur behind Sticky Walnut and Hispi, exceeded his £50,000 crowdfunding target for his new restaurant within an hour.
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NewsBridgepoint confirms Pret sale to JAB
Bridgepoint has confirmed it is to sell Pret A Manger to JAB Holdings in a deal that is thought to value the chain at £1.5bn
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NewsHeineken in talks to acquire stake in Beavertown
Heineken is understood to be in talks to acquire a minority stake in Beavertown Brewery.
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NewsYiFang secures first UK sites
Taiwanese fruit tea brand, YiFang, which launched its first permanent UK site today, has secured a second location due to open in early summer.
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NewsOakman FY lfls up 6.8%
Oakman Inns has reported like-for-like sales up 6.8% in the year to 1 April.
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NewsValue of TGI Fridays UK drops
Electra Private Equity, the backer of TGI Fridays UK, has this morning reported it has experienced a £13m drop in the fair value of the Karen Forrester-led restaurant chain over the year to 31 March 2018.
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NewsHollywood Bowl reports 4% FY LFL growth
Hollywood Bowl has reported like for like revenue growth of 4% for the six months ended 31 March 2018.
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NewsBritvic reports adjusted earnings up 6% for HY
Britvic has reported organic adjusted EBIT increased 6% to £80.5m, in a trading update this morning for the 28 weeks ended 15 April 2018.
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NewsPrivate equity groups ‘circle Costa’
A number of private equity groups are circling Costa, opening the door to a potential £3bn sale of the business, according to reports.