Finance – Page 198
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St Austell managed estate fuels record FY results
St Austell saw each of it managed sites record revenue in excess of £1m for the first time, as it achieved a record turnover of £137.4m for the year to 2 January.
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ETI sees free-of-tie lfls up 5.2% in H1
Enterprise Inns has seen like-for-like net income in its commercial property portfolio rise 5.2% in the six months to 31 March, with its leased and tenanted arm up 1.8%.
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British Land FY footfall up 3%
British Land has reported footfall up 3% across it estate in the year to 31 March with retailer sales growing 2.4%.
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NewsJoule’s eyes new areas in bid to reach 100
Steve Nuttall, managing director of Joule’s, has said the company is likely to look outside its traditional heartland as it eyes eventual growth to 100 sites.
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NewsZing Zing unveils rollout plan after record crowdfund
Josh Magidson, founder of Chinese delivery concept Zing Zing has told MCA he plans to open up to 13 more stores by 2020 before rolling out nationwide, after the group smashed Crowdcube’s equity raise record.
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NewsPizza Hut defers sale
Rutland Partners has deferred its sale of Pizza Hut Restaurants after deciding now is not the right time to “derive fair value” from the group’s success, MCA has learnt.
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Consumer spending continues to be weak
Consumer spending suffered a second successive weak month of growth in April, rising just 1.9% year-on-year as economic headwinds
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Porky’s to treble in size in three years
Porky’s, the Memphis barbecue concept, is aiming to treble its estate in the next three years as it launches a crowdfunding campaign valuing the business at £8m.
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Faucet Inn sees FY rise in sales and profits
Faucet Inn saw pre-tax profits more than double in the year to 25 July 2015, with turnover rising from £9m to £10.3m.
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Martin makes Vote Leave donation
Tim Martin, founder and chairman of JD Wetherspoon, has donated £200,000 to the campaign for the UK to leave the EU
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Krispy Kreme to be taken private
Krispy Kreme is to be taken private by JAB Holdings, which is controlled by Germany’s Reimann family, in a deal valued at $1.35bn
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Altium merges with GCA Savvian Corporation
Altium has announced it has entered into a definitive merger agreement with GCA Savvian Corporation, a global investment bank
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NewsGreggs lfls up 3.7%
Greggs has reported like-for-like sales at its company-managed stores up 3.7% for the first 18 weeks of the year.
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FY lfls up 6.3% at PAUL UK
PAUL UK, the French bakery and café brand, saw group turnover climb 17% to £28.7m in the year ended 31 December 2015
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NewsAnalysts corner: Brumby on JDW vs TRG
Mark Brumby, of Langton Capital, compares the fortunes of JD Wetherspoon and The Restaurant Group over a ten-year period and declares “I think we have a winner”.
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Curzon enters JV with Avignon Capital
Avignon Capital has announced it has entered into a joint venture with Curzon Cinemas to fund the next stage of the upmarket chain’s expansion in the UK
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NewsThai Leisure Group to consider options
The Thai Leisure Group (TLG), operator of the Chaophraya and Thaikhun brands, is believed to be gearing up to consider its options
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FY turnover up 15% at 3Sixty
3Sixty Restaurants saw turnover for the year to the end of March 2016 climb 15% to £17.4m, as its looks to further expand into the pub sector
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AB InBev UK growth driven by Stella and Corona
AB InBev has reported Q1 growth in “the low single digits” for its UK market.