Finance – Page 215
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NewsSquare Pie extends mini-bond
Martin Dewey, the founder of Square Pie, has told M&C he is confident the company will reach its £750,000 target after extending its crowdfunding campaign for another 45 days.
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NewsTossed to close crowdfunding campaign
Tossed, the healthy food to go concept, expects to attract further investment to its 162% over-funded crowdfunding campaign before it closes on Friday.
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NewsPunch agrees £53.5m disposal to NewRiver
Punch Taverns has this morning confirmed it has agreed to sell a package of 158 non-core pubs to NewRiver Retail for £53.5m
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Analyst corner: Batram on TRG
Leading analyst Nick Batram at Peel Hunt says that The Restaurant Group should post a solid H1 next week
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NewsStrongest M&A activity since 2012
The second quarter saw a total of 509 deals completed, a slight increase from last quarter’s 499 deals, making the first half of the year the most active since 2012
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NewsCMA raises concerns over TOBC acquisition of Bowlplex
The Competition and Markets Authority has objected to The Original Bowling Company’s acquisition of 17-strong Bowlplex.
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Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects sales growth at JD Wetherspoon to continue to slow over the coming years. JDW will announce its FY results next month and Rollo is predicting revenue up 7.6% and like-for-like sales growth of c3.4%.
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Conviviality closes in on Matthew Clark acquisition
The owners of the Matthew Clark drinks supplier, including Punch Taverns, have made a pledge to Conviviality that the business will not be sold to another party before 4 September.
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NewsQ2 same store sales up 12.9% at Shake Shack
Shake Shack, the Danny Meyer-founded better burger chain, saw same store sale increase 12.9% during its second quarter
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SMEs raise £1.46bn through EIS
SMEs raised £1.46bn of funding through the Enterprise Investment Scheme (EIS) last year
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NewsAnalyst corner: Rollo on Enterprise
Leading analyst Jamie Rollo at Morgan Stanley has published a comprehensive note on the five-year plan from Enterprise Inns to completely change the shape of its pub estate
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NewsInflexion takes lead in race for YO! Sushi
Inflexion Private Equity is believed to have jumped to the front of the queue to acquire YO! Sushi, in a deal which would value the group at c£100m
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NewsD&M outlines growth plans as turnover grows 20%
Drake & Morgan will open two to three regional venues in the coming years, but will continue to focus its openings schedule on London
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NewsJack: Economic outlook is favourable for consumers
In a note on The Restaurant Group (TRG/RTN), leading analyst Douglas Jack at Numis look at how the UK’s economic outlook is favourable for consumers
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Gower Brewery toasts £1m investment
Gower Brewery in Swansea is to quadruple its capacity and create up to 20 jobs with a new brewery and bottling line following investment of almost £1m
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NewsStonegate package sold for £6m
A package of four freehold pubs let to Stonegate Pub Company Limited or its subsidiaries has been sold to private clients for £6.17m
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PBT falls 21.5% at Molson Coors
International brewing brand Molson Coors reported a fall in underlying pre-tax profits by 21.5% in Europe to $68.1m (£43.92m) in its second quarter
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NewsJack: TRG has attractive prospects
Ahead of its interim results update on 28 August, leading analyst Douglas Jack at Numis has issued a Buy note on The Restaurant Group’s shares
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NewsFY lfls up 4.6% at Drake & Morgan
Drake & Morgan, the London-based bar and restaurant group backed by Bowmark Capital, saw turnover increase 20% to £24.6m in the year to 29 March 2015
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NewsPho secures new expansion fund, appoints new FD
Pho has secured just over £8m of new funding from NatWest, which should help the group grow to 30 sites over the next two to three years