Finance – Page 169
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NewsHeineken completes Punch deal
Heineken has welcomed the completion of its acquisition of 1,900 Punch pubs.
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Jack: The transition at TRG is likely to take longer than expected
Leading analyst Douglas Jack at Peel Hunt has forecast that for Thursday’s H1 results, TRG’s PBT will be down 29% to £26.1m
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Patron completes Punch acquisition
Patron Capital, the property investment group, has completed its acquisition of Punch Taverns as expected.
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DWF: Just Eat and Hungryhouse tie-up is “doomed to fail”
A leading lawyer has said that the proposed tie-up between Just Eat and Hungryhouse “appears doomed to fail”
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Marks: Revs shareholders interested in Deltic bid
Deltic chief executive Peter Marks believes Revolutions shareholders want to hear more about his group’s rival bid before accepting a cash offer from Stonegate.
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Deltic lfls up 3.85%
The Deltic Group has reported that its like-for-like sales have increased 3.85% so far in its current financial year
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NewsDeltic retains interest in Revolution merger
The Deltic Group has said it is evaluating a possible cash offer for the entire issued and to be issued share capital of Revolution
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Whole Foods shareholders back Amazon takeover
Shareholders of Whole Foods have voted in favour of the upscale grocer’s acquisition by Amazone for £10.7bn.
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NewsStonegate and Revolution reach agreement on £101.5m deal
The boards of Stonegate and Revolution have announced that they have reached agreement on the terms of the recommended cash offer by the former for the latter
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Barburrito primed for more growth
Barburrito ”well-placed” to weather cost pressures with a stable estate and positive trading figures.
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BGF invests in Bob & Berts coffee chain
Bob & Berts is set for further expansion after securing a £2m investment from the Business Growth Fund (BGF)
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NewsYO! lfls up 6.5%
YO! Sushi has reported consistent like-for-like sales growth of more than 6.5% since the end of its financial year.
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Shake Shack UK revenue tops £10m
The parent company of Shake Shack UK saw its revenue top £10.7m in the year to 31 December 2016
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Analysts corner: Rollo on pub and restaurant spend
Leading analyst Jamie Rollo, of Morgan Stanley, has said all the metrics point to a continued demand from consumers to spend in pubs and restaurants. However, he insists question marks remain over how long this will be sustainable.
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NewsPunch deal to complete this month
The Competition and Markets Authority has accepted the latest undertakings from Heineken, paving the way clear for its acquisition of 1,900 Punch pubs.
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NewsAprirose secured £22m facility for M&B deal
Aprirose, the real estate investment company, secured a £22m facility from Metro Bank to facilitate its acquisition of 73 Mitchells & Butlers pubs last month.
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NewsAnalysts corner: Parson on Deltic/Stonegate/Revolution
Leading analysts Nigel Parson, at Canaccord, has described Deltic’s proposal to merge with Revolution Bars Group as offering “greater but more uncertain upside for Revolution shareholders” compared to the £100m cash offer from Stonegate.
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OpinionMarks’ theory on Revolution
Deltic Group chief executive Peter Marks talks to MCA about the group’s proposal to merge with Revolution Bars Group to create a 125-strong “powerhouse” late-night operator.
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NewsWasabi FY lfls up 8.1%
Sushi and bento chain Wasabi grew like-for-like sales 8.1% in 2016, with turnover growing 21.5% to £98.1m.
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NewsNewRiver announces £430m refinancing
NewRiver, the UK REIT which owns 350 pubs, has announced it has successfully arranged £430m of new unsecured debt facilities.