Finance – Page 218
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News
Numis downgrades JDW 2016 projections
Leading analyst Douglas Jack, of Numis, has cut pre-tax profit forecasts for JD Wetherspoon after it announced a further 8% increase to staff starting pay.
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NewsFrench: Expect further M&A activity after Cote deal
Leading analyst Simon French, of Cenkos, has said he expects further M&A activity in the sector over the coming months, following the acquisition of Cote by BC Partners.
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News
Consumer spending on hospitality continues to rise
Consumer spending grew 14.8% in restaurants and 12.1% in pubs year-on-year, according to Barclaycard’s latest report
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News
Expiration date proposed for gift cards
The use of gift cards and prepaid cards are facing scrutiny as the government and watchdog groups in the UK are strengthening the protection offered to consumers
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NewsJDW Q4 lfls up 2.9%, year to date 3.4%
JD Wetherspoon has reported a 2.9% rise in like-for-like sales in the 11 weeks to 12 July and a 3.4% increase in the year to date (50 weeks to 12 July).
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NewsSquare Pie to hit 40 sites
Gourmet pie shop chain Square Pie is considering franchising to accelerate its expansion as part of plans to reach up to 40 UK sites in the next three to four years
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NewsSummer budget: Operators’ response
Operators and commentators tell M&C what impact they think yesterday’s Budget announcements, including the introduction of a National Living Wage, will have on the sector.
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News
Hotcha launches £1m mini-bond
Chinese takeaway operator Hotcha has launched a crowd funding campaign to raise £1m to grow as national chain over the next five years
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News
CPL buys ABV Training
CPL Training has acquired competitor ABV Training as part of its plan to increase its UK market share.
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OpinionCloud on the horizon of sector’s sunny outlook
Against a positive backdrop of economic stability, growing demand for eating out options and increasing interest from investors, why aren’t sector like-for-likes keeping pace. Peter Hansen, founder of Sapient Corporate Finance gives his view.
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NewsBGF runs rule over Giggling Squid
The Business Growth Fund is believed to have run the rule over Giggling Squid, the fast-growing Thai chain
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News
Batram: Cineworld management keen to reassure market
Batram: Cineworld keen to reassure the market post chief financial officer Philip Bowcock’s unexpected departure
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NewsFive Guys secures Fuller’s site
Five Guys, the popular US burger chain, has secured a further site in London, after acquiring the lease of The Swift pub in Putney from Fuller’s, M&C understands.
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NewsOsmond drops out of La Tasca running
Hugh Osmond’s Sun Capital vehicle is understood to have dropped out of the running to acquire La Tasca, which was placed on the market earlier this year
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NewsOsmond runs rule over La Tasca
Hugh Osmond’s Sun Capital Partners vehicle is believed to be one of the parties running the rule over La Tasca
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News
Consumer confidence at 15-year high
Consumer confidence in the UK is at its highest point for 15 years this month despite weak household spending earlier in the year
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NewsGraysons eyes Tony Roma’s expansion
Graysons is believed to have taken a stake in the UK-based business of the US casual-dining brand Tony Roma’s.
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NewsCabana closes in on fundraising total
Cabana is close to securing £5m of new funding as it confirmed it had secured its next site in London’s Brixton
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NewsPE and trade suitors circle La Tasca
Up to six parties are still believed to be in the running to acquire La Tasca, which was placed on the market earlier this year
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News
Notes exceeds crowdfunding target
Notes, the London-based coffee shop and wine bar concept, has exceeded its crowdfunding target.