Finance – Page 182
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Restaurants help boost strong UK GDP for 2016
UK GDP increased by an estimated 0.6% in Q4 2016, driven by a strong performance in the service sector, with hotels and restaurants singled out for performing particularly well, according to the latest data released by the ONS.
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SSP reports “good start” to its financial year
SSP, the travel concessions operator, has reported that it enjoyed a ‘good start to the year’
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Panmure: Expect estate rationalisation at TRG to feature highly
Analyst Mark Irvine-Fortescue at Panmure expects estate rationalisation to feature highly for TRG over the coming year
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Whitbread Q3 lfls up 1.7%
Whitbread has reported a 1.7% increase in like-for-like sales across its entire estate for the 13 weeks to 1 December
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French: Remain confident TRG has skillset to take stabilise
Leading analyst Simon French at Cenkos remains confident that TRG has the skillset to make the necessary remedial action to stabilise profitability
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Balans lfls up 18.3% in 2016
Balans, the London-based restaurant and café group, has reported like-for-like sales up 18.3% for the year ending 31 December.
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OpinionM&A activity – 2016 a year in review
2016 was another eventful year in the restaurant and bars sector. Despite some strong headwinds, a steady flow of deal activity has continued over the last 12 months. BDO M&A specialists Tom Barnard and Eleanor Moulsdale take a look at the deals that shaped 2016 and who will be the movers and shakers over the next 12 months.
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NewsMarston’s lfls up 1.5% in Destination & Premium
Marston’s has reported “encouraging” trading for the 16 weeks to 21 January as it updated ahead of its annual general meeting today.
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NewsFever-Tree FY UK sales up 118%
Fever-Tree, the mixers producer, has said sales in the second half of the year to 31 December are expected to be up 75% year-on-year.
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NewsMeyer invests in coffee business
Danny Meyer’s Union Square Hospitality Group has announced an undisclosed investment in New York-based Joe Coffee
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NewsMcDonald’s UK growth remains strong amid US slump
The UK remains a bedrock of growth for McDonald’s as US sales fell 1.3% in its fourth quarter.
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Black Sheep launches Asset Match auction
Black Sheep Brewery has launched an auction of shares on the Asset Match website.
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NewsMay Capital supporting Heineken/Patron bid for Punch
May Capital, which was behind the launch of Hawthorn Leisure, is supporting the Heineken/Patron to acquire Punch.
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British Land reports ‘positive’ third quarter
British Land has reported on a ‘positive’ third quarter in which it said footfall and sales growth continued to outperform industry benchmarks and it disposed of more non-core assets.
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NewsRevolution H1 lfls up 2%
Revolution Bars Group has this morning reported a 2% rise in like-for-like sales in the 26 weeks to 31 December 2016
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Page: Putney Beach has raised over £2m
David Page has told MCA that his new private investment vehicle Putney Beach has now raised over £2m
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Ivy Collection turnover tops £20m
The Ivy Collection saw turnover increase from £6m in 2015 to £22.3m in the year to 31 July 2016
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JDW Q2 lfls up 3.2%
JD Wetherspoon has reported like-for-like sales up 3.2% and total sales up 0.7 for the 12 weeks to 15 January.
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ETM lfls up 6% in December
ETM Group has reported a 23% growth in sales during the month of December with like-for-like sales up 6% on the previous year
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Hubbox secures investment fund backing
Hubbox is set for further growth across the South West after securing new funding from investment firm Provenance Investment Partners