Finance – Page 196
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News
WBB extends crowdfunding campaign
West Berkshire Brewery has extended its crowdfunding campaign for a second time after overfunding in its £1.5m pitch.
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News
Electra cancels revolving credit facility
Electra Private Equity, the backer of TGI Friday’s, has announced it is cancelling its existing £275m multi-currency revolving credit facility.
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Analysis & Insight
Household spending flat in May
Household spending saw the weakest increase in more than two years in May
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News
Zenith reports FY revenue up 8.4%
Zenith Hygiene Group, supplier of cleaning and hygiene products to the hospitality sector, has reported revenue for the year to 29 February up 8.4% to £53.2m.
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News
TGI Friday’s reports pre-tax loss for 2015
The parent company of TGI Friday’s UK arm recorded sales of £193.5m from its inception on 9 December 2014 to 27 December.
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News
Analysts corner: Brumby on London trading
Mark Brumby, of Langton Capital, asks whether the good times are over for operators in London:
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Analysis & Insight
Sector gives clear message on Brexit effect
With less than two weeks to go until the EU referendum, MCA conducted a snap poll of leading operators to see what impact they thought Brexit could have on the sector.
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NewsTesco confirms sale of Giraffe to Boparan
Tesco has confirmed the sale of the Giraffe restaurant chain to Harry Ramsden’s owner Boparan Restaurant Holdings Ltd.
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NewsGraphite acquires NWTC in £50m deal
Graphite Capital has acquired the fast-growing pub and restaurant business New World Trading Company in a £50m deal
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NewsHarry Ramsden’s owner set to acquire Giraffe
Boparan Ventures, which currently backs the Harry Ramsden’s chain, is believed to have agreed to acquire the Giraffe from Tesco
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News
Barnfather: Plenty for Brighton Pier Group to go after
Leading analyst Anna Barnfather at Panmure Gordon has said that the Brighton Pier Group (formerly Eclectic) is well placed to execute on its strategy
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News
Giraffe deal edges closer
Tesco’s sale of the Giraffe restaurant business, which it acquired three years ago for £48.5m, has edged closer
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News
Vianet figures show pub closure slowdown
Vianet has said its data has shown a slowing of the rate of pubs closures but stressed the sector remains a challenging market.
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News
Pronto hits crowdfunding target
Healthy food delivery concept Pronto is overfunding on its £689,000 crowdfunding pitch, after several significant individual investments.
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News
Chestnut Group launches new fundraising round
The Chestnut Group has launched a new fundraising round under the Enterprise Investment Scheme (EIS), in which it is looking to raise up to £2.58m
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News
Crowdfund fraudster conviction raises questions over sector
Investors have questioned the standards of due diligence in the crowdfunding sector after the boss of a vodka business defrauded thousands of pounds.
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NewsPorky’s raises £100k on first day of crowdfunding
Barbecue restaurant group Porky’s BBQ raised £100k on the first day of its crowdfunding campaign, as it seeks to raise £650k in total
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News
Famous Brands eyes further UK growth
Famous Brands, the South Africa-based operator of the Wimpy and Steers concepts, has said it is planning further expansion in the UK
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News
Meatcure confirms crowdfunding plans
Restaurant group Meatcure has confirmed it is to launch a crowdfunding campaign to take the ‘better burger’ craze beyond London
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News
Greene King completes £300m secured bond issuance
Greene King has announced that it has finalised the terms of a tap of its secured financing vehicle, which will raise c£300m