Finance – Page 220
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News
French: Expect strong growth for three years
Leading analyst Simon French, of Cenkos, has predicted pub and restaurant groups will see up to three years of above average earnings growth driven by like-for-like sales rising above inflation, new site openings, a benign cost environment and selective M&A.
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City Pantry raises £300k for growth
Online catering platform City Pantry has announced that it has raised £300,000 in a seed fund round led by TrueStart.
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‘Pub for tea’ concept launches crowdfunding drive
A concept backed by the co-founder of Franco Manca to create a chain of “pubs for tea” has launched a Crowdcube fundraising drive.
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NewsSchultz: Starbucks did the right thing on tax
Howard Schultz has said that people “shouldn’t believe everything you read in a newspaper” over the tax scandal that hit Starbucks
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Innis & Gunn raises £2m through beer bond
Innis & Gunn has raised £2m of a target £3m through its BeerBond, with one in 10 investors choosing to take their return in the form of beer
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NewsFY EBITDA up 19.2% at PAUL UK
PAUL UK saw EBITDA climb 19.2% to £4.3m in the year to 31 December 2014, with group turnover up 3.6% to £24.6m
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NewsCabana eyes £5m fundraising
Cabana has begun its latest fundraising round as it looks to strengthen its openings pipeline
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NewsPizzaExpress moves closer to acquiring HK operation
PizzaExpress moves closer to acquiring its Hong Kong-based franchise partner as it seeks to accelerate its expansion across China
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NewsStonegate acquires Maclay Inns portfolio
Stonegate has acquired 15 sites formerly operated by the Maclay Group for an undisclosed sum
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NewsAnalyst corner: Rollo on M&B
Leading analyst Jamie Rollo of Morgan Stanley reports back from the recent “on trade fieldtrip” hosted by Mitchells & Butlers
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NewsProfit taking hits M&C20 after buoyant weeks
The M&C20 outperformed the All Share index this week, down 0.7% against the All Share’s 2.6% drop
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Numis upgrades Fuller’s forecast after strong FY15
Leading analyst Douglas Jack, of Numis, has upgraded his forecast for Fuller’s after it revealed it had performed “well ahead of the market” in FY15.
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NewsMyers: Busaba on track for steady lfl growth
Jason Myers, chief executive of Busaba Eathai, says the company is on track to deliver further growth in the coming years
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NewsIPO becoming a more favourable option for Loungers
A public listing is becoming a more favourable option for Loungers
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NewsFY EBITDA up 50% at Loungers
Loungers, the Bristol-based cafe/bar group, is forecasting run-rate turnover for its current financial year to rise to £78.8m
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French: Orchid integration appears on track at M&B
Leading analyst Simon French, of Cenkos Securities, has said Mitchells & Butlers appears on track with the integration of the Orchid portfolio.
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Jack: Expect Fuller’s PBT up 6%
Leading analyst Douglas Jack, of Numis, has forecast a 6% rise in pre-tax profits for Fuller’s to £36m ahead of the company’s full year results on Friday.
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NewsLoungers to review options next year
Loungers, the Piper-backed group, expects to assess its options in regards to a probable sale or flotation, next year
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NewsCoal eyes secondary buyout
Charterhouse Leisure, which trades as Coal Grill & Bar, has appointed advisors to work on a secondary buyout of the 10-strong group
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Analyst corner: Rollo on pub stocks
Leading analyst Jamie Rollo at Morgan Stanley has said that the P/E multiple for pub company stocks remains the furthest away from its 2007 peak