Finance – Page 234
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News
Taylor St raises £1.8m
Taylor St Baristas, the coffee chain, has raised £1.86m through the UK’s first crowd-sourced “Coffee Bond”
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NewsGK managed lfls up 0.6%
Greene King has announced like-for-like sales up 0.6% in its managed pubs for the 36 weeks to 11 January, with sales up 2% for the festive period amid record breaking Christmas Day trading.
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Honest Burgers: Active has a long-term vision for the brand
Dorian Waite, co-founder of Honest Burgers, has told M&C Report that new backer Active Private Equity has a long-term vision for the brand, including targeting five to eight openings a year
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NewsFY turnover up at Giggling Squid
Giggling Squid saw turnover for the year to 31 March 2014, climb to £4.5m, up from £2.7m in the previous 12 months, as it looks to step up its openings rate to seven or eight sites a year
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NewsWagamama turnover reaches £181m
Wagamama, the Duke Street Capital-backed noodle chain, saw turnover for the 12 months to November 2014 reach £181.1m, with unadjusted EBITDA of £26.3m
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News
Active Private Equity takes stake in Honest Burgers
Active Private Equity, the backer of Leon and Evans Cycles, has taken a c50% stake in Honest Burgers, the London-based better burger concept
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NewsM&C20 levels out
M&C20 was virtually unchanged this week, down 0.2% to 1,259 points with the All-Share ending the week down 1.2% in total to 1,015 points. Much of the All-Share’s movement this week was related to oil and commodities stocks, with the leisure sector largely unaffected, says Will Brumby of Langton Capital
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NewsAnalyst corner: Rollo on Enterprise Inns
Leading analyst Jamie Rollo at Morgan Stanley is forecasting like-for-like net income growth of 0.5% when Enterprise Inns gives its Q1 update next month
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NewsBatram: JDW all eyes on the margin
Leading analyst Nick Batram at Peel Hunt has said that he expects JD Wetherspoon to report a healthy top line when it gives its Q2 update later this month
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News
Oakman Inns lfls up 2.4% for FY14
Oakman Inns and Restaurants has reported like-for-like sales up 2.4% for the year to 6 April 2014 but made a £806,000 EBITDA loss.
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NewsRecord month for MeatLiquor
MEATliquor reported gross turnover of c£1.2m across its six sites in December, which included a record month for its original site
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News
Campbell: Valuations are becoming unrealistic
Leading sector investor Paul Campbell has said that valuations of businesses are becoming unrealistic
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Analysis & InsightRestaurants outperform pubs in Christmas lfls
Restaurants outperformed pubs over the Christmas period with the combined sector enjoying 2.8% growth in like-for-like sales, according to the latest Coffer Peach Business Tracker.
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CGR reports strong festive trading
CG Restaurants & Bars saw sales increase 4.5% in the six weeks to 4 January and said it had several more openings planned for core brand Dirty Martini
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News
Cineworld: Profits to be at the top end of guidance
Cineworld has reported an increase in full year revenue and said it expects its profit for the year to be at the top end of market guidance
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NewsFY order numbers up 52% at Just Eat
Online ordering platform Just Eat saw total orders for the 12 months to 31 December 2014 increase by 52%
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NewsHarry Ramden’s targets “ambitious growth”
Harry Ramsden’s has reported strong festive trading with like-for-like sales up 7.3% in the five weeks to 4 January
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News
C&C reports trading below expectations for Q3
Magners producer C&C Group has reported trading below its expectations for its third quarter and over the Christmas period and said it was looking to “significantly reduce costs” in England and Wales.
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News
D&D London reports strongest festive trading to date
International restaurant group D&D London has reported its highest revenues to date for December with overall revenue up 14% on the previous year and like for like sales in the UK up 10%
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News
FY lfls up 6.6% at Essenden
Essenden, the tenpin bowling operator, has reported a 6.6% increase in like-for-like sales for the 52 week to 28 December 2014