Finance – Page 201
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News
Foodservice price inflation rises to 3.7%
Foodservice price inflation rose again in February – to 3.7% - with further rises likely in the next few months, the latest data has shown.
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Analysis & Insight
Following the crowd
Over the past few years crowdfunding has gone from a curiosity to a major source of finance for businesses looking to scale up. Analyst Geof Collyer examines the statistics behind this phenomenon and how it is impacting on the eating and drinking out sector.
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NewsActive invests in Caravan
Active has invested in the London-based, all-day dining concept Caravan
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News
Pret plays down US IPO speculation
Pret A Manger has played down renewed speculation that it is considering a New York stock market listing
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News
Analyst corner: Hammond on TRG
Analyst Ned Hammond at Berenberg has downgraded The Restaurant Group to ‘sell’ from ‘hold’
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News
Draft House FY lfls up 1%
Draft House founder Charlie McVeigh has told MCA that the group is continuing to eye expansion both in and out of London
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News
CMA restarts Heineken/Punch investigation
The Competition and Markets Authority has restarted its investigation into Heineken’s proposed acquisition of 1,900 Punch pubs as part of its joint deal with Patron Capital.
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News
Hakkasan in merger talks
SBE, the privately held hospitality group is in advanced discussions” to merge with the Hakkasan Group
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News
Bilbao Berria repositioned and restructured
Bilbao Berria, the Spanish restaurant brand, has completed its repositioning and restructuring plans
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News
Consumer confidence slumping earlier than expected
A leading economist has told MCA that consumer confidence is collapsing earlier than had been expected.
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NewsBrewDog FY turnover up 61%
BrewDog saw turnover rise 61% to £71.9m in 2016 with pre-tax profits up 19% to £3.2m.
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News
Savills reports on slowdown in UK commercial market
Savills has reported on a slowdown in UK commercial transactions in 2016.
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News
Analysts corner: Irvine-Fortescue on Brighton Pier Group
Mark Fortescue at Panmure Gordon has said that yesterday’s first-half update from the Brighton Pier Group demonstrated positive progress in both the company’s divisions
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News
Smith: Novus continues to make significant progress
Toby Smith, chief executive of Novus Leisure, has told MCA that the company has continued to make significant progress
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NewsMarston’s secures new bank facility
Marston’s has announced that it has agreed a new £360m bank facility.
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News
Zonal sees FY trading profit grow 52%
Zonal Retail Data Systems has reported a 52.2% increase in trading profit for the year to 30 June – to £3.5m.
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News
HSBC: No silver bullets for TRG turnaround
Ali Naqvi, analyst at HSBC Global Research, has said that nothing in The Restaurant Group’s (TRG) turnaround plan was revolutionary
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News
Ben’s Canteen completes crowdfunding campaign
Ben’s Canteen, the burger, wine and brunch concept, has completed its fundraising campaign through Crowdcube, after raising £475,000
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News
Notes secures expansion fund
Notes is set for further growth across the capital after securing a new debt finance deal with OakNorth
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News
Analyst corner: Irvine-Fortescue on TRG
Sector analyst Mark Irvine-Fortescue looks back The Restaurant Group’s (TRG) update with a note called “Cue-ing straight”