Finance – Page 202
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News
Costa lfls up 0.5%
Whitbread has this morning reported that Costa like-for-likes for the 11 weeks to 11 February increased 0.5%, while like-for-like sales across its restaurants grew 2.3%
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Opinion
When Hawksmoor met Harrison
Last year, neighbourhood restaurants Sam’s and Harrison’s were snapped up by the Hawksmoor Group. But it wasn’t the typically hostile takeover many have to come to expect in the industry. Restaurant talks to Hawksmoor co-founder Will Beckett and Sam Harrison about what happened
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News
AB InBev to sell SAB share in Snow Lager for $1.6bn
AB InBev has announced it has entered into an agreement to sell SABMiller’s 49% stake in Snow Lager for $1.6bn.
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News
London Cocktail Club launches £750k crowd fund
London Cocktail Club has launched a £750,000 crowdfunding campaign aimed at trebling the size of the currently five-strong estate over the next three years.
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News
Growth in Zones Two & Three is set to outstrip Zone One
Economic growth in zones two and three in London is set to overtake that in central London over the next 20 years as London’s economy rebalances,
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News
Sethi backing Detox Kitchen expansion
Jyotin Sethi has taken a stake in The Detox Kitchen, the healthy food company led by chef Lily Simpson, which is looking to expand across London
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NewsGreggs FY lfls up 4.7%
Greggs has this morning reported that company-managed shop like-for-like sales grew by 4.7% in the year to 2 January 2016
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News
Analyst corner: Batram on Domino’s Pizza
Nick Batram, leading analyst at Peel Hunt, argues that with the disposal of its German business, Domino’s Pizza is poised to start 2016 fresh
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News
FY rental income up 8% at Intu
Shopping centre landlord Inti has reported an 8% increase in net rental income to £428m in the year to the end of 2015
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News
CDG closes in on La Tasca US sale
CDG has moved a step closer to agreeing to sell its four-strong La Tasca US operation to the company’s current management team
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News
AB InBev reports strong 2015 in UK
AB InBev has said its products grew mid-single digits in the UK in 2015 as it announced global revenue for the year up 6.3% but total volumes down by 0.6%.
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News
Trampoline park operator secures £10m funding package
Oxygen Freejumping, the largest trampoline park operator in the UK, has received £10m of funding to open a further seven sites during the summer
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News
Sysco acquires Brakes for $3.1bn
Global catering supplier Sysco has reached agreement on a $3.1bn deal to acquire UK-based Brakes Group.
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NewsBrewDog turnover up 52% in 2015
BrewDog grew UK sales by 130% in 2015 with total turnover up 52% year on year to £45m.
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NewsFY restaurant EBITDA up 9% at Brasserie Bar Co
Brasserie Bar Co saw turnover increase 14% to £37.2m in the year to 30 June 2015, with restaurant EBITDA up 9% from £5.2m to £5.7m
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NewsPizza Hut commences sales process
Rutland Partners, the private equity backers of Pizza Hut Restaurants, has appointed advisors to oversee the sale of the c280-strong group
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News
Costa franchise sold in “multi-million pound deal”
Purple World Limited, the operator of 10 Costa Coffee units in the North West, has been acquired by Red and Racz Limited
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News
Take Eat Easy launches in the UK after raising £12m
Belgium high-end food delivery service Take Eat Easy has launched into London after raising £12m in funding
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News
Campbell to swap BDO for KPMG
David Campbell is to leave BDO to join KPMG as a partner in its Enterprise team, which focuses on the mid-market sector
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NewsLoungers still on track to post FY turnover of c£78m
Loungers remains broadly on track to post turnover of c£78m in its current financial year, up from £48m in the year to 26 April 2015