Finance – Page 232
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News
Dunkin' Brands global lfls up 2.5% in Q4
Dunkin’ Brands has reported international like-for-lie sales up 2.5% for its fourth quarter ending 27 December driven by sales growth in Europe and the Middle East.
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Compass report strong start to year
Contract caterer Compass has reported a strong start to its new financial year, with organic revenue up 5.7% for the first three months
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Analyst corner: Enterprise Inns
Leading analysts Mark Brumby at Langton Capital, Geof Collyer at Deutsche Bank and Douglas Jack at Numis, take a look at this morning’s update from Enterprise Inns.
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Beer and pub sector worth £22bn a year to UK economy
The British beer and pubs sector adds almost £22bn to the economy each year and supports roughly 870,000 jobs, a new report produced for the BBPA has found.
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NewsETI: 0.3% lfl growth in Q1 and capital investment review
Enterprise Inns has reported like-for-like net income growth of 0.3% for the 18 weeks to 31 January and confirmed it is reviewing its capital investment plans because of uncertainty over the pubs code.
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NewsWhitbread fuels Cost demerger talk with franchisee deal
Whitbread has reignited speculation over an eventual £3bn demerger of its Costa coffee shops after buying back one of the fast-growing chain’s biggest franchisees
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Analyst corner: Brumby on the MRO option – investment & franchises
Mark Brumby at Langton Capital looks at the House of Lords rejecting amendment proposing pubcos investing ‘significantly’ in their estates should be excused MRO option
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NewsCoal reports January uptick
Coal Grill & Bar, the restaurant group operated by Charterhouse Leisure, saw like-for-like sales up by 5.1% in January across its estate
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NewsJohnson eyes stake in The Diner
Risk Capital Partners, the Luke Johnson-led investment vehicle, is in talks to acquire a stake in The Diner
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NewsJDW, Green King and Marston's outperform M&B
The M&C20 was broadly unchanged this week, rising 0.2% to 1,304 points while the All-Share had a worse week, falling 0.7% to 1,058 points
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NewsFuller’s festive lfls up 15% over two years
Fuller’s chief executive Simon Emeny has told M&C Report that the company has enjoyed two bumper Christmases, which saw like-for-like sales rise 15% over the period.
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Brumby on Fuller’s and M&B: London trading buoyant
Mark Brumby, of Langton Capital, has given his verdict on trading updates this week from Fuller’s and Mitchells & Butlers.
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French: MRO could create pubco giants
Leading leisure analyst Simon French of Cenkos has predicted that the pubs code will result in the formation of one or two large property companies with 10,000-plus pubs each.
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Consumer confidence indices up for January
Consumer confidence rose by five points in January with all five measures used to calculate the score rising on the GfK UK Consumer Confidence Index
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NewsFuller’s lfls up 6.8% in managed and 4% in tenanted
Fuller’s, the brewer and pub operator , has reported like-for-like sales up 6.8% for 43 weeks to 24 January in managed pubs and hotels and 4% in tenanted with beer and cider volumes up 4%.
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Jack: Expect positive lfls from ETI
Leading analysts Douglas Jack, of Numis, has said he expects Enterprise Inns to report positive like-for-like income when its releases its AGM statement on 5 February.
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NewsAbokado achieves sales record
Abokado saw like-for-like sales running in the mid-teens in both December and January across its 23-strong estate,
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Analysts: M&B performance reflects wider sector trends
Analysts have responded to Mitchells & Butlers results this morning, saying that strong festive sales indicate that the rest of the trading period was flat.
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Coal Grill & Bar reports fesitve lfls up 6%
Coal Grill & Bar, the restaurant group operated by Charterhouse Leisure, saw like-for-like sales up by 6% in December across its estate, John Gates told M&C Report as the group prepares to open its 10th site in Swindon today
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NewsM&B lfls up 4.8% over Christmas
Managed pub operator Mitchells & Butlers have reported like-for-like sales up 4.8% for the festive fortnight and 7.1% on Christmas Day, when more than 200,000 meals were sold.