Finance – Page 217
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NewsPizza Hut owner set to consider options
Rutland Partners, the private equity owner of Pizza Hut UK, will begin the process of considering its options for the chain later this year
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Square Pie hits 33% mark in crowdfunding push
Square Pie, the gourmet pie shop chain, has raised a third of its crowdfunding target in the first two weeks of its Crowdcube campaign.
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NewsFY turnover at Wahaca up to £35m
Wahaca saw turnover in its most recent financial year to the end of June 2015, climb from £28.2m to c£35m
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Batram: Focus shifted to costs at M&B
Leading analyst Nick Batram at Peel Hunt expects Mitchells & Butlers (M&B) to report solid top-line progress
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NewsBrewDog raises £7.3m in three months crowdfunding
Brewdog has raised £7.3m of a targeted £25m three months into its latest crowdfunding push.
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Nichols acquires Feel Good Drinks
Nichols has announced the acquisition of the Feel Good Drinks brand from MBG International Premium Brands for an undisclosed sum
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Jack: Fuller’s exceeding outperforming London market
Leading analyst Douglas Jack has said Fuller’s continues to outperform the London managed pub market and forecasts for its full-year performance may be cautious.
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NewsM&B shares slide over Living Wage fears
Mitchells & Butlers has seen its share price slide since the announcement that a National Living Wage will be introduced.
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Chipotle: Q2 lfls up 4.3% and record UK performance
Chipotle, the Mexican grill brand, has reported record opening sales for its latest UK site, as it announced a 4.3% rise in global like-for-like sales for the second quarter ending June 30.
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Houlihan Lokey acquires McQueen
Houlihan Lokey, the international investment bank, has agreed to acquire McQueen Limited, the London-based independent advisory firm
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NewsMarston’s managed lfls up 1.7%
Marston’s has reported like-for-like sales in its managed houses up 1.7% for the 41 weeks to 18 July and 2% in the past 10 weeks.
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H1 lfls up 23.3% at DP Poland
Domino’s Pizza Poland has reported 11 consecutive quarters of double digit like-for-like system sales growth, with system sales up 23.3% in its first half
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Jack: Fuller’s sales to have remained strong
Leading analyst Douglas Jack at Numis has said that with Fuller’s Q1 trading statement due on Thursday, he expects like-for-like sales to have remained strong
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NewsFilmore & Union doubles crowdfunding pitch
Filmore & Union, the independent café and deli chain, has extended its crowdfunding pitch by 45 days and doubled its funding target
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Jack: SSP forecast may to be over-cautious
Leading analyst Douglas Jack, of Numis, has said that forecasts of 3% like-for-like sales growth over the full year at travel concessions operator SSP may be too cautious.
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Jack: Winners and losers of National Living Wage
Douglas Jack, of Numis, has altered his forecasts for most of the managed pub and restaurant to reflect the impact of the new National Living Wage.
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Grind: overfunding; apps & ApplePay
Grind & Co, the London based independent coffee shop operator, is developing its own app having exceeded its crowdfunding target in 20 days
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NewsCosta franchisee set to double estate
A Costa franchisee couple has opened their 20th Costa coffee shop after receiving a £2m finance package from HSBC’s franchise unit
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Analysts’ corner: JDW Q4 performance
Analysts give their verdict on JD Wetherspoon’s performance in the final quarter of its financial year, including what impact its pledge to increase starting wages by 8% is likely to have.
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NewsCDG in talks to acquire La Tasca
Casual Dining Group (CDG), which recently acquired Las Iguanas, is in advanced talks to acquire La Tasca, the 46-strong Spanish tapas chain, for a sum in excess of £25m, M&C understands.