Finance – Page 157
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Analysts corner: GK and JDW
Analysts at Goodbody have updated their forecasts for Greene King and JD Wetherspoon.
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Imbiba plans three Growth Fund investments per year
Imbiba is looking to make two to three investments a year through its £50m Growth Fund.
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Imbiba closes £50m Growth Fund
Imbiba has closed its £50m Growth Fund, including £30m investment provided by the British Business Bank.
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Analysts corner: Barnfather on Ei Group
Leading analyst Anna Barnfather, of Liberum, has given her view on the recent trading update by Ei Group, stressing that she sees the 0.5% growth in like-for-like net income growth as disappointing given the relative out-performance of the wet-led market.
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NewsBrewDog records 11% increase in LFLs
BrewDog achieved close to an 11% increase in like-for-like (LFL) sales during 2017, in what was “a really strong trading year for us”, David McDowall, managing director of its bars division, told MCA.
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NewsUpham Group looking to capitalise on faltering casual dining market
Upham Group is hoping that the dip in the casual dining market will benefit them in terms of the availability of new sites, as well as recruitment, CEO Chris Phillips told MCA.
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NewsSimmons' £10m PE deal to fast-track expansion
Simmons Bars, which yesterday acquired by Lonsdale Private Equity in a £10m deal, will not change its formula for growth, but will be able to achieve its target of reaching 35 bars much more quickly, founder Nick Campbell has told MCA.
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Analysts Corner: Peel Hunt on Ei Group
In advance of Ei Group’s Q1 update next Thursday (8 February), leading analysts Douglas Jack and Ivor Jones from Peel Hunt share their views on what we can expect.
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Wayne’s Coffee acquired by German motorway services operator
Wayne’s Coffee, the Swedish group that recently made its debut in the UK, has been acquired by a subsidiary of German motorway services operator, Tank & Rast Gruppe GmbH.
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Appetise seeking £500k on Crowdcube
Appetise, the online food delivery marketplace chaired by Keith Edelman, is seeking to raise £500,000 on Crowdcube.
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Paddy & Scott's signs Middle East JV
Paddy & Scott’s, the Suffolk coffee shop operator and roaster, has signed a joint venture in the Middle East with the El-Sadek Investment Group LLC, MCA understands.
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NewsTGI Fridays reviews options
Electra Partners, the private equity backers of TGI Fridays UK, has appointed advisers to review its options for the group
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NewsAnalysts' Corner: Domino’s Pizza
Following the announcement of Domino’s Q4 trading update yesterday (30 January), MCA rounds-up a selection of analyst’s comments on the group’s performance.
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NewsBrasserie Bar Co achieves £8m+ sales in December
Brasserie Bar Co turned over more than £8.6m during December, with Christmas “a big success”, MCA has learnt.
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Analysts corner: Domino’s
The leisure team at Liberum have given their view on Domino’s Q4 results, saying two chief concerns remain.
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East Coast Concepts like-for-likes up 10% over Christmas
East Coast Concepts, the operator of Neighbourhood and Victor’s, has recorded a record Christmas trading period with sales up across its restaurant and bar group.
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McCue: Changes to core brands starting to yield results
Andy McCue, chief executive of The Restaurant Group, has told MCA that the underlying impact of the group’s investments in its Frankie & Benny’s brand will not be fully apparent until the second quarter of this year.
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Technology helping to fuel engagement at Fuller’s
Fuller’s chief executive Simon Emeny has told MCA that technology is playing a huge role in helping the company develop its relationship with its staff.
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GK managed YTD lfls down 1.4%; festive sales up 1.6%
Greene King has recorded a 1.4% decline in like-for-like (LFL) sales in its Pub Company business for the first 37 weeks of the year to 14 January 2018.
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Fuller’s managed lfls up 3%
Fuller’s has this morning reported a “solid performance” over the 42 weeks to 20 January 2018, with like-for-like sales in its Managed Pubs and Hotels up 3%, like-for-like profits in Tenanted Inns rising 2% and level total beer and cider volumes in The Fuller’s Beer Company.