Finance – Page 227
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NewsFulham Shore agrees to acquire Franco Manca
Fulham Shore has conditionally agreed to acquire the 10-strong Franco Manca chain for c£27.5m
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Tasty sees 46% rise in pre-tax profits in FY14
Tasty, operator of the Wildwood brand, saw revenue rise 28% in the 52 weeks to 28 December with a 46% increase in pre-tax profits.
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NewsMoto completes refinancing
Moto Hospitality, the motorway service area operator, has completed a refinancing deal.
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NewsEclectic plummets as M&C20 declines
The M&C20 was down 2.6% last week underperforming the All-Share which was down 1.3% as domestic sectors once again underperformed the wider market. The All-Share was held up by gains in oil and mining stocks on the back of rises in the oil price, though this didn’t prove enough to offset what has been a week of decline for most major stock markets
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Analyst: Brumby on JDW buybacks
Leading analyst Mark Brumby at Langton Capital looks at why JD Wetherspoon has spent another £325,000 today buying back its own shares.
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Chicken Town launches crowdfunding pitch
Chicken Town, a healthier approach to fried chicken, has launched a crowdfunding campaign on Kickstarter to open its first restaurant in north London in September in a disused firestation on Tottenham Green
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NewsPizza Rossa eyeing smaller format stores
Pizza Rossa, the artisanal pizza by the slice concept from Corrado Accardi, is close to securing a site in a retail complex in east London as part of plans to introduce the concept to smaller sites, M&C Report has learnt.
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Pull'd breaks through funding target
Australian-inspired slow cooked meat concept Pull’d has exceeded its fundraising target through crowdfunding platform Crowdcube after launching its bid three weeks ago
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Consultation ends in GK/Spirit deal inquiry
Today is the final day for comments on the Competition and Markets’ Authority’s inquiry into the Greene King’s acquisition of Spirit Pub Company.
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Terra Firma bids for Malmaison
Serial investor Guy Hands’ private equity firm Terra Firma is one of three final bidders for Malmaison, which also includes the Hotel du Vin group, Sky News reports
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HospitalityGEM signs up Bath Ales, Shoryu Ramen and Ideal Collection
HospitalityGEM has signed up eight new foodservice sector clients.
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Wrap it Up! to launch crowdfunding campaign
Wrap it Up! the gourmet wrap concept is launching a crowdfunding campaign via Crowdcube to raise £400,000 to enable its expansion plans including the centralised production kitchen that will have the capacity to serve up to 100 stores
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Crowdcube launches Sprint for start-up businesses
Crowd funding platform Crowdcube has launched a vehicle specifically for start-up businesses to raise finance
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NewsEssenden reveals ‘preliminary approach’ from Harwood
Essenden, the ten-pin bowling operator, has confirmed it has received a preliminary approach from Harwood Capital regarding a takeover.
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UK drives Fever-Tree sales growth
Fever-Tree, the tonic and mixers group which floated in November, has said the UK on—trade growth in the year ending 31 December with a 60% sales growth.
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Finsbury Food Group sees revenue rise 24% for H1
Finsbury Food Group, the manufacturer of cake, bread and morning goods for the retail and foodservice channels, has announced revenue up 24% to £107.6m for the six months to 27 December – a like-for-like rise of 5.6%.
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NewsWider market outperforming leisure sector
The M&C20 (+0.5%) underperformed a surging All-Share last week. The latter was up by 2.8% driven, in large part, by a rebound in oil stocks, global mining company shares listed in London and a number of international mega-caps such as Standard Chartered bank.
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Perceptions Group welcomes NI reform in budget
Keith Knowles, chairman of Perceptions Pub & Bar Careers Group, has welcomed the news in yesterday’s budget that National Insurance (NI) contributions will be scrapped for under-21s.
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Pint Shop owner close to deal on second site
Pint Shop co-founder Richard Holmes has told M&C Report the company has a site under offer and is eyeing options for a third location.
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Savills: Market value of London property deals hits £21.9bn
Estate agent Savills said the overall market value of its transactions in London reached a record level of £21.9bn in 2014.