Finance – Page 197
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Electra Private Equity updates on review
Electra Private Equity, the backer of TGI Friday’s, has given a update on the review of its investment strategy, policy and structure, including a change to its relationship with Electra Partners.
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POD FY revenue up 9.1%
POD, the 22-strong London-based group, has reported its ”best ever financial results” with revenue increasing 9.1% to £17.3m
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Pure FY turnover tops £10m
Pure, the healthy, food-to-go concept, saw turnover top £10m for the first time in the year to the end of 2015
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FY revenue up 11.4% at Grand Union
Grand Union, the London-based bar operator led by Adam Marshall, saw revenues increase 11.4% to £8.1m for the year ended 26 March 2016.
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NewRiver pub portfolio producing steady growth
NewRiver Retail, the UK REIT which owns 360 pubs, has said that its public house portfolio benefitted from considerable gain in the preceding year
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Shaftesbury: Restaurant demand remains strong/appoints new chair
Landlord Shaftesbury has reported demand for restaurant, cafe and pub space in the West End remains strong
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NewsEuropean Commission approves Ab InBev/SABMiller deal
AB InBev’s £71bn acquisition of SABMiller – to create the world’s largest brewer – has been cleared by the European Commission.
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Matthew Clark sales up 4.9% since acquisition
Matthew Clark has seen sales increase 4.9% year-on-year since it was acquired by Conviviality in October.
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Booker Group sees FY lfls fall but revenue up
Booker Group saw non-tobacco sales grow 6.3% in the year to 25 March but fall 0.3% on a like-for-like basis.
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H1 revenue up 5.1% at Britvic
Soft drinks firm Britvic has reported a 5.1% increase in revenue to £678m for the 28 weeks to 10 April
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H1 lfls down 1.6% at M&B
Mitchells & Butlers (M&B) has this morning reported an overall like-for-like sales decline of 1.6% in the six months to 9 April 2016
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NewsYoung's FY managed lfls up 5.6%
Young’s saw like-for-like sales in its managed division grow 5.6% in the year to 28 March, with total sales up 5.6%.
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NewsPeach secures £9.5m expansion fund
Peach, the Midlands based pub operator, has secured a £9.5m refinancing as it seeks to grow from 17 to 22 sites.
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NewsETI: Pubs code delay; Tenancy Plus and managed growth
Enterprise Inns chief executive Simon Townsend talks to MCA on the back of the group’s performance in the first half of this financial year.
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SABMiller FY volumes up 2%
SABMiller has reported group beverage volumes increasing by 2%, with lager volumes up 1% and soft drinks volumes up 6%, for the year to 31 March.
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SSP UK’s H1 lfls up 2.8%
SSP UK saw like-for-like sales increase 2.8% in the six months to 31 March 2016
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Sale of Wolverhampton Yates’s reflects yield of 6.9%
The investment sale of Yates’s, 34 Queen Square, Wolverhampton, saw the property sell for £3.625m to Cannon Street Capital
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NewsH1 EBITDA up 21.3% at Patisserie Holdings
Patisserie Holdings saw EBITDA in the six months to 31 March 2016 increase 21.3% to £10.6m, with revenue up 14.4% to £50m
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Pieminister secures new funding package
Pieminister is set to open five new restaurants across the UK and create more than 80 jobs after securing a £1.4m finance package
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Upham postpones IPO plans
Upham Group, the Hampshire-based brewer and pub operator, has put its plans for a stock market flotation on ice