Finance – Page 174
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News
Analysts corner: Panmure Gordon on Fuller’s
Mark Irvine-Fortescue, of Panmure Gordon, gives his view on Fuller’s results this morning, and why he still sees Young’s is still the London pubco to watch.
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NewsBrains assesses funding options for Coffee#1
SA Brain is understood to have appointed advisors as it assesses future funding options to grow its Coffee#1 business.
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Rollo: Costa could be ‘interesting turnaround story’
Leading analyst Jamie Rollo, of Morgan Stanley, examines the coffee shop market and suggests that Costa could be ‘an interesting turnaround story’.
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NewsThwaites pre-tax profits up 19%
Thwaites, the Lancashire-based pub operator, has reported turnover from continuing operations up 4% to £84.4m for the year to 31 March 2017.
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Consumer spending slowed in May
Consumer spending growth slowed to 2.8% in May – despite Brits continuing to spend on the ‘experience economy’ – as overall confidence in household spending power cooled in response to inflation.
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DP Poland announces share placing
DP Poland has announced that it is to place c£5.2m worth of new shares in the company at 43p via an accelerated book-building process.
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NewsComptoir share price falls 28% after warning to market
Comptoir Group saw its share price fall 28.5% yesterday after warning of an unexpected decline in like-for-like sales and profits at some of its mature restaurants.
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French: Downgrades Whitbread from Buy to Hold
Leading sector analyst Simon French at Cenkos has downgraded Whitbread from Buy to Hold following a period of share price outperformance
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Stonegate investment package sold for £23m
A package of 13 freehold pubs has been sold off-market by Aprirose Real Estate Investors to BlackRock, in an off-market deal, for £23m.
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Turkey’s Domino’s seeks IPO
The company that has the Domino’s Pizza franchise in Turkey, Russia, Azerbaijan and Georgia has announced plans to float
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Covent Garden members club freehold sold for c£9.3m
The building housing the Library Members Club in London’s Covent Garden, has been acquired by a privately owned overseas investment company
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Adventure Bar to launch JV with Bourne Capital
Adventure Bar Group has secured its sixth site and finalised the operating model for its fifth opening, MCA has learnt.
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Jack: Expect strong results from Fuller’s
Leading analyst, Douglas Jack, of Peel Hunt, has said he expects Fuller’s to deliver a strong set of results next week.
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NewsHeartstone FY lfls up 4%; grows to 14
Heartstone Inns saw like-for-like sales increase 4% in 2016, a year in which it grew to 14 pubs.
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NewsWelcome Break secures £440m funding package
Welcome Break has secured a £440m funding package to enable further investment in its hotel, retail and F&B offering
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L’Oscar receives £24m funding package
L’Oscar, the upcoming luxury London hotel and restaurant, has received £24m funding towards its development
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News
Cote refinances existing debt package
Cote has completed a refinancing of its existing debt package, on the back of delivering “strong like-for-like growth”
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NewsRamsay’s restaurant group swings back into profit
The restaurant business of Gordon Ramsay has returned to profit thanks to restructuring and international expansion
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News
Analysts corner: TRG
Mark Irvine-Fortescue, of Panmure Gordon, gives his view on this morning’s trading update from The Restaurant Group.
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OpinionYoung’s: From dray horses to digital revolutionaries
Young’s chief executive Patrick Dardis talks to MCA about regional expansion; plans to ramp up investment; it’s digital ambitions and the trends the group is seeing in its customer base.