Finance – Page 214
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NewsBurns: M&B has issue over what it is
Leading analyst Karl Burns at Panmure Gordon has argued that the fundamental issue with M&B is that it is now seen more as a restaurant company rather than a pub company
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NewsSom saa exceeds crowdfunding target in four days
Som saa, the Thai restaurant seeking its first site through crowdfunding, has exceeded its pitch target in just four days
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Heineken acquires stake in US craft brewer Lagunitas
Heineken has acquired a 50% stake in the California-based Lagunitas Brewing Company, the fifth largest craft brewer by volume
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NewsTRG to generate best organic growth in the sector
The Restaurant Group (TRG) will generate the best organic growth in the quoted pub and restaurant sector over the next five years
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NewsH1 PBT up 36% at Tasty
Tasty, the operator of the Wildwood and Dim T brands, has reported a 36% increase in pre-tax profit to £1.33m in 26 weeks ended 28 June 2015
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NewsCity Pub Co turnover up 42%
City Pub Co has increased its turnover by 42% to £9m, up from £6.35m in 2014, for the six months to 30 June 2015 as it presses on with its growing London and regional estate
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NewsHousehold expenditure further increases in August
UK households reported a further increase in expenditure in August
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NewsCosta total worldwide sales up 16.7%
Costa outperformed other Whitbread brands, with total worldwide sales up 16.7% for the period and UK like for like sales up by 4.6% for the 24 weeks to 13 August
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NewsGreene King managed lfls up 1.3%
Greene King has this morning announced that like-for-like sales across its managed Retail estate grew by 1.3% in the 18 weeks to 6 September, with growth of 1.9% in the last 10 weeks
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NewsSom saa launching Crowdcube campaign
Som saa, the Thai street food concept, is launching a crowdfunding campaign via Crowdcube to open its first restaurant in central London
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Hospitality SME's optimistic about growth
Small and medium-sized hospitality businesses (SMEs) such as restaurants, pubs and bars are more optimistic about future growth than those in other major sectors
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Analyst corner: Rollo on M&B
Leading analyst Jamie Rollo at Morgan Stanley says he expects a small improvement in trading from M&B when it reports its Q4 figures
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Booker non-tobacco lfls up 0.5%
Booker Group has this morning reported that its non-tobacco like-for-like sales in the 10 weeks to 28 August 2015 were up 0.5%
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NewsBrewDog planning international crowdfunding push
BrewDog co-founder James Watt has told M&C an international crowdfunding drive will follow the launch of its mini-bond.
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NewsTOBC agrees to sell six sites to seal Bowlplex deal
The Original Bowling Company (TOBC) has agreed to sell six sites to appease competition concerns over its acquisition of the 17-strong Bowlplex portfolio.
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NewsPunch core estate FY net income up 0.3%
Punch Taverns has reported core estate net income up 0.3% for the year to 22 August.
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NewsCasual Dining Group acquires La Tasca
Casual Dining Group (CDG) has agreed to acquire La Tasca, the c40-strong Spanish tapas chain, in a deal valued at between £20m-£25m
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Tossed eyes refinancing after record crowdfunding raise
Tossed, the healthy food to go concept, is set to ramp up its expansion programme after securing a record crowdfunding raise.
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Analysts on TRG H1
Numis analyst Douglas Jack has said The Restaurant Group’s new openings are generating sales 15% above the group average
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NewsTRG H1 lfls up 2.5%
The Restaurant Group (TRG) has this morning announced a 2.5% increase in like-for-like sales for the 26 weeks to 28 June 2015, with total revenue up 8% to £334m