Finance – Page 152
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NewsJDW Q3 lfls up 3.5%
JD Wetherspoon grew like-for-like sales 3.5% in its third quarter to 29 April while total sales were up 2.8%.
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NewsCaskade secures £30m for Taco Bell rollout
Caskade Caterers, the Taco Bell and KFC franchise business, has secured a £29.4 million funding package from HSBC to support its expansion plans.
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NewsCoal acquired by Sunshine Capital
Charterhouse Leisure, which trades as Coal Grill & Bar, has been acquired by Sunshine Capital, MCA understands.
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Analysts corner: Liberum on pubs and restaurants
Liberum’s Leisure team have given their top picks for the May trading round-ups – with operators likely to be reporting sales hit by bad weather in the first part of the year but strong prospects as we move into summer.
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NewsPatron completes acquisition of Laine Pub Co
Patron Capital, the backer of Punch, has completed the acquisition of Laine Pub Company, the 54-strong, Gavin George-led group
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Crate Brewery seeks new funding
Crate Brewery, the Hackney Wick-based business, has become the latest independent craft brewer to seek new funding to grow
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NewsKFC UK sales fell 9% in Q1
KFC UK sales fell 9% in the first quarter, following widespread disruption caused by its supply chain problems.
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Analysts corner: Peel Hunt on JDW
Leading analysts, Douglas Jack and Ivor Jones of Peel Hunt, give their views on JD Wetherspoon, ahead of the group’s Q3 trading statement next week.
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Heartstone has firepower for further growth
Heartstone Inns, the South of England-based pub operator, has said it has the firepower for further growth following a year in which saw like-for-like sales increase 3%.
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NewsAnalysts Corner: Just Eat
Following Just Eat’s Q1 trading announcement yesterday, analysts from Hargreaves Lansdown and Edison Investment Research share their views on what contributed to the business’s strong sales performance, and why traditional restaurant operators should take note
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Abokado secures £3m new finance
Abokado, the healthy eating grab and go brand, has secured £3m in new funding from alternative lender ThinCats.
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East London Liquor Co launches £750k crowdfund
East London Liquor Company, the distillery backed by the founders of Camden Town Brewery and Barworks, has launched a Crowdcube campaign to raise £750,000.
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NewsCarlsberg hit by premiumisation trend in UK
Carlsberg has said its market share in the UK has been hit by consumers desire to trade up from mainstream brands.
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Minor Hotels acquires stake in Benihana
Minor Hotels, the Thailand-based hospitality group, has further strengthened its presence in the UK restaurant sector, after acquiring a stake in Japanese restaurant group Benihana.
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McDonald’s refurb programme 80% complete
McDonald’s UK has refurbished 80% of its 1,270 restaurants as part of its Experience of the Future programme, with the rest of the estate to be completed later this year.
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Just Eat sees 24% Q1 order growth in UK
Just Eat saw UK orders grow 24% in the first quarter – to 29.7 million – boosted by an extra 1.4 million orders from the acquisition of Hungryhouse.
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Alchemy in exclusives to acquire Inn Collection
Alchemy Partners, the former backer of Revolution bars, is in exclusive talks to acquire Inn Collection, MCA understands.
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NewsAnalysts Corner: Whitbread
Following the news that Whitbread is to split off Costa Coffee from the rest of the business, analysts from Hargreaves Lansdown and Goodbody share their thoughts on the move
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NewsDomino’s grows UK lfls 7% in Q1
Domino’s has reported UK like-for-like sales up 7% in its first quarter with group system sales up 18.3% to £311.1m.
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NewsSimit Sarayı in talks to snap up 85-strong estate
Simit Sarayi, the global bakery group headquartered in Turkey, is in talks with a chain to buy an 85-strong package of sites in London.