Finance – Page 200
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Punch: Performance in line with expectations
Punch has said that its performance for the 28 weeks to 5 March was in line with management expectations as it reported that average profit per pub across its entire estate increased 3% during the period
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Craft Beer Co sees FY turnover rise 16.8%
The Craft Beer Co, the Martin Hayes-led group, saw turnover increase 16.8% in its most recent financial year
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Vianet expects FY results to be in line
Vianet Group has reported trading for the second half of the year to 31 March 2016 has been “as anticipated”
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NewsFY EBITDA up 14.4% at Pret
Pret A Manger, the Bridgepoint-backed group, has reported a 14.4% increase in EBITDA to £84.2m for the year to the end of 2015
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MRO: 60-second briefing
Mark Brumby, of Langton Capital, has given his view on the impact of the Government’s changes to the pubs code:
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Coal reviews options
Charterhouse Leisure has appointed advisors to review its options for its 10-strong Coal Grill & Bar group
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Q1 lfls up 15% at Giggling Squid
Giggling Squid has reported a 15% increase in like-for-like sales for the first quarter of the year
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Tesco eyes sales of non-core assets
Tesco is understood to have appointed advisors to oversee the sale of its non-core assets, including garden centre chain Dobbies, Giraffe and Harris + Hoole
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FY EBITDA up 0.4% at Richoux
The Richoux Group saw turnover for the year to 28 December 2014 climb 2.7% to £13m
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NewsCapricorn appoints advisors to explore options for GBK
Capricorn Ventures, the backer of Nando’s, has appointed advisors to explore options for its premium burger chain, Gourmet Burger Kitchen
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Camden Town secures new brewery premises
Camden Town Brewery has secured new brewery premises in Enfield
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Jascots founder bought out by management
Jascots Wine Merchants’ managing director and sales director have acquired a controlling stake in the company from founder Jack Scott.
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Innis & Gunn buys brewery, secures Glasgow pub site
Innis & Gunn has acquired the Inveralmond Brewery in Perth, Scotland, and has also secured a Glasgow site for its next Beer Kitchen.
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Eclectic buys Brighton Pier
Eclectic Bar Group, chaired by Luke Johnson, has entered a conditional agreement to buy Brighton Pier for £18m.
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Potential bidders circle London Fields Brewery
National and regional brewers as well as venture capital funds have al expressed an interest in London Fields Brewery, MCA understands.
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NewsLiberation set to complete refinancing by summer
Liberation Group chief executive Mark Crowther has told MCA there has been significant interest from potential bidders for the group and he expects its refinancing to be completed by the summer.
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Cote deal to represent high water mark for valuations
CBPE’s secondary sale of the Côte business to BC Partners for c£250m last summer will probably represent the high water mark for valuations in the casual-dining space
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Chapel Down confirms £1.7m crowdfunding success
The chief executive of Chapel Down’s beer and cider business, Curious Drinks, has said the company’s £1.7m crowdfund is “further testament to the revolution taking place in the British beer business”.
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NewsEx-Cote owner in Pizza Hut running
CBPE, the former owner of Cote is amongst a group of four parties reportedly in the running to acquire Pizza Hut Restaurants, which was placed on the market in February