Finance – Page 230
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NewsDomino’s FY sales up 14.6%
Domino’s Pizza Group has reported that system sales increased by 14.6% to £766.6m in 52 weeks to 28 December 2014, driven by like-for-like sales growth of 11.3% in its 724 UK mature stores
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NewsLa Tasca generates interest
La Tasca, which appointed advisers to review its investment options at the start of this month, is thought to have already generated interest from a number of parties
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Ellis: Whitbread performance strong but Restaurants disappointing
Analyst Wyn Ellis, of Numis, has said Whitbread’s performance for the 50 weeks to 12 February was ahead of consensus in all area except its Restaurant arm.
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Morgan Stanley: JDW risks more than marginal
Analyst Vaughan Lewis, of Morgan Stanley, has expressed concern that margin decline at JD Wetherspoon appears to be accelerating.
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NewsWhitbread reports Costa lfls up 6% year to date
Whitbread has reported like-for-like sales at Costa up 6% in the 50 weeks to 12 February and 6.9% in the fourth quarter.
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NewsTLG eyes further expansion
The Thai Leisure Group has lined up four further openings for Thaikhun, its street food-inspired concept, after securing a new funding package
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M&C20 at all-time high
The All-Share Index is close to its all-time highs this week and it’s worth noting that the last time the index recorded a new all-time high was in 1999. That said, the wider market is currently being held back by geopolitical events with the All-Share recording an increase of just 0.3% (to 1,080 points) this week. The M&C20 by comparison was up 0.5% to 1,347 points, most likely outperforming due to its domestic bias
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NewsAnalyst corner: Brumby – the only constant with hospitality is change
Leading analyst Mark Brumby at Langton Capital says that change is the only constant but asks do operators signing 25-year, upward only leases have this front of mind?
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NewsBatram: Expect Domino’s UK lfls to rise 15% FY14
Leading analyst Nick Batram at Peel Hunt has said Domino’s performance in Germany is likely to have dragged down a strong showing in the UK when the pizza chain reports it FY14 results on Thursday.
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NewsBatram: TRG to serve up more growth
Leading analyst Nick Batram at Peel Hunt has predicted The Restaurant Group (TRG) to report a solid set of figures for FY14 next week “with all areas of the business performing well”.
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Pubs drive sale uplift at train stations
Network Rail has reported a 6% increase in retail sales for the final quarter of 2014, driven by an 18.3% rise in sales across pubs & bars
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Analysis & Insight
Britain is becoming a nation of (younger and female) angels
Angel investors are making more investments than ever before and their numbers are swelling
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Ellis: Whitbread FY prospects look positive
Wyn Ellis at Numis has said he expects a positive pre-close statement from Whitbread on Wednesday 25 February.
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AlixPartners confirms Zolfo acquisition
AlixPartners LLP has confirmed that it has entered into an agreement to acquire the business and assets of Zolfo Cooper Europe
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Jack: Strong prospects for TRG
Leading analysts Douglas Jack, of Numis, has raised his target price for The Restaurant Group and predicted a strong performance when the company reports its final results on Friday 27 February.
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Center Parcs appoints banks to work on IPO
Blackstone has hired investment banks to oversee the potential £2.5bn stock marketing listing of Center Parcs
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NewsBurger King parent company reports 2.8% rise in EBITDA
Restaurant Brands International reported sales growth in the final three months of 2014 as it credited new menu items for driving traffic
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NewsSSP and Jamie Oliver sign European deal
Jamie Oliver Restaurant Group has agreed a partnership with SSP to operate Jamie’s Italian restaurants at airports across France, Germany, Switzerland and Holland
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NewsMcMullen’s acquires Whitehall freehold
McMullen’s has acquired the freehold of the property in London’s Whitehalll that currently houses JD Wetherspoon’s the Lord Moon on the Mall
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NewsM&C20 continues to climb
The M&C20 was up 2.7% to 1,341 points this week, outperforming the wider market which ended up 0.7% at 1,077 points. The wider market will have been influenced by geopolitics and oil price speculation this week, leading the M&C20 to outperformance as investors retreat to what is a broadly domestic sector