Finance – Page 171
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NewsM&B year-to-date lfls up 2%
Mitchells & Butlers saw like-for-like sales grow 2.6% in the 10 weeks to 22 July.
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NewsEuro Garages invested £16m on Little Chef deal
Euro Garages spent c£16m acquiring the Little Chef business from the Kout Food Group earlier this year
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NewsDiageo grows FY sales 3% in the UK
Diageo saw net sales in the UK grow 3% in the year to 30 June.
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News
Intu lfls rental income down 1.5% in H1
Shopping centre landlord Intu has reported like-for-like rental income in the six months to 30 June down 1.5% but insisted it remains confident of a turnaround in H2.
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NewsJust Eat orders up 24% in H1
Just Eat has reported revenues up 44% to £246.6m and underlying EBITDA up 38% to £73.6m, in its interim results for the six months ended 30 June 2017.
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NewsMarston’s managed lfls up 1.3% year-to-date
Marston’s has reported like-for-like sales in its Destination & Premium arm up 0.6% in the 12 weeks to 22 July.
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NewsMcDonald’s UK reports record month; rolls out Signature Collection
McDonald’s UK has reported its 45th quarter of consecutive growth, including a record month for sales in April
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News
Fuller’s managed lfls grow 6.6%
Fuller’s has said it has made a “good start” to the year, with like-for-like sales across its managed estate up 6.6% for the 16 weeks from 2 April to 22 July 2017, aided by the “perfect weather”.
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Everyman in line with expectations
Everyman Media Group has this morning said that it had performed in line with expectations in the first six months of 2017
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News
Analysts corner: Jack on M&B
Leading analyst Douglas Jack, at Peel Hunt, has predicted a “muted” update from Mitchells & Butlers when it reports Q3 trading figures next week.
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News
FY EBITDA up 10.1% at Hawthorn
Hawthorn Leisure saw group EBITDA increase 10.1% to £9m in the year to 25 December 2016
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Massive opportunities in UK leisure stocks
There are massive opportunities in “overlooked” UK leisure stocks, according to a research note by German investment bank Berenberg.
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Jitters over end to debit card fees
Shares in delivery platform Just Eat fell yesterday after the government announced an end to debit and credit card fees.
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FY revenue declines 15% at Strada
Various Eateries, the parent company of the Strada and Coppa Club brands, saw revenue fall 15.5% to £33.8m in the year to October 2016. In a year, where the company disposed of six Strada sites, converted two to its fledgling Coppa Club concept and opened two further Coppa sites, pre-tax ...
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Analysis & Insight
Consumer confidence drops for third quarter in a row
UK consumer confidence has dropped for the third quarter in a row with a three percentage point fall in the three months to June
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NewsYFM acquires stake in Friska; Hill to chair
Friska is set for further expansion after securing £3m of growth capital from YFM Equity Partners
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NewRiver updates on “busy” Q1
NewRiver REIT, which owns a portfolio of 350 pubs, has updated on its first quarter performance.
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Analyst corner: Jack on Domino’s
Douglas Jack at Peel Hunt has said the rate of expansion of Domino’s franchisee network is a key indicator of the health of the business
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Jack: Marston’s Q3 likely to see wet-led pubs out-perform
Leading analyst Doug Jack, of Peel Hunt, has said he expects Marston’s Q3 trading update to show wet-led pubs outperform the rest of the estate in like-for-like sales growth.
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OpinionInside Track: Admiral intentions
Do the bids for Admiral Taverns show that after years in the shadows of managed pubs and casual dining, that tenanted pubs are now back at the centre of M&A activity? MCA deputy editor James Wallin looks at why the segment is so attractive for investors at the moment, what a bid for Admiral could mean for the wider sector and who could be next.