Finance – Page 212
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SABMiller NPR up 4% for H1
SABMIller has reported net producer revenue up 4% for the six months to 30 September and said performance in the UK was in line with last year.
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Gordon Ramsay Group reports FY lfls up 4.2%
Gordon Ramsay Group has reported like-for-like sales in its UK restaurants up 4.2% for the year to 31 August
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NewsStonegate plans TCG parcel sale and leaseback
Stonegate has placed a four-strong package of central London-based freehold sites on to the market as part of sale and leaseback process
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NewsBrewDog reaches £10m crowdfunding milestone
BrewDog has broken the world record for the biggest equity crowdfunding raise, attracting £10m in the latest round of fundraising for Equity for Punks.
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Moody’s affirms Stonegate rating after TCG deal
Moody’s has said that Stonegate’s deal for TCG is being financed with a £80m tap of its senior secured fixed rate notes due 2019, as well as sale-leaseback proceeds
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Groupe Bertrand in exclusive talks over 509 Quick restaurants
Groupe Bertrand, the majority stakeholder in Burger King France, is in exclusive negotiations to acquire the 509-strong Quick restaurant chain.
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NewsJamie’s Italian reports FY sales up 7%
Jamie’s Italian saw sales rise 7% £106.9m in 2014, while underlying earnings ticked up by 0.3% to £12.3m.
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NewsStonegate agrees to acquire TCG
Stonegate Pub Company, the TDR Capital-backed, managed pub operator, has agreed to acquire Tattershall Castle Group (TCG), for an undisclosed
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NewsFY EBITDA up 32.7% at Itsu
Itsu has reported that “soaring demand for healthier choices” led to a 32.7% increase in its EBITDA to £6.9m for the year to the 1 January 2015
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Everyman strengthens pipeline
Everyman Media Group, the cinema operator, said it swung to a pretax loss in its first half due to investment in ramping up its operations
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G1 Group reports EBITDA up 10%
Brian McGhee, the chairman of Scottish leisure operator G1 Group, has said the company’s 10% growth in EBITDA for the year ended 31 March is even more impressive given the more sluggish economic recovery seen in Scotland.
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NewsOliver to take self-funded route with restaurants
Jamie Oliver has decided not to sell a stake in his restaurant business but continue its expansion through a self-funded model
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NewsHydes acquires Woodward & Falconer
Hydes Brewery has acquired the Chester-based Woodward & Falconer Pub Co, which it said would provide a platform for further acquisitions of food-led businesses
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NewsCubitt House assesses options
Cubitt House, the London-based group led by Stefan Turnbull, has appointed advisors to assesses its options, which could lead to a sale of the business
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Vagabond assesses funding options
Vagabond is assessing its future funding options to aid further expansion, after becoming one of the first operators to sign up open at the new Battersea Power Station development
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Rollo: Various options open to new M&B CEO
Leading analyst Jamie Rollo, of Morgan Stanley, has said new Mitchells & Butlers chief executive Phil Urban faces a number of challenges in his new role, including weak like-for-likes, rising restaurant competition and wage cost pressures.
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NewsSquare Pie lowers fundraising target
Square Pie has lowered the minimum investment for its mini bond to £450k but founder Martin Dewey told M&C he is confident of reaching the original target of £750k
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Abokado sees uplift in breakfast sales
Abokado has said that breakfast sales now account for more than 10% of total sales
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Chapel Down H1 sales up 33%
Chapel Down Group, the Kent-based wine producer, saw sales rise 33% year-on-year to £3.25m for the six months to 30 June.
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Sales uplift at Friday’s
TGI Friday’s UK has reported a 10% rise in total sales over the course of 2015 so far, with profits up over 16%