Finance – Page 236
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News
Rollo downgrades ETI on back of MRO uncertainty
Leading analyst Jamie Rollo at Morgan Stanley has downgraded his Enterprise Inns rating from Overweight to Equal-weight
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Liberation Group acquires Butcombe brewery
Liberation Group has secured a foothold on the mainland with the acquisition of Butcombe Brewery
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FY sales up 5.5% at Gondola
Gondola Group has reported a 5.5% increase in sales across its restaurant estate in the year to 29 June 2014 to £579.3m
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Crowdcube hits £50m fundraising milestone
Crowdcube helped 100 businesses secure funding in 2014, nudging the total amount raised through the site since 2011 to £50m.
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Happy New Year for M&C20 Index
The M&C20 Leisure Index had a good Christmas and New Year, increasing in value by 2.7% to 1,255 over the festive period
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Wasabi reports “unprecedented period of change”
Wasabi, the London-based sushi and bento chain led by Dong Hyun Kim, saw turnover top £70m in the 16 months to December 2013
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Shake Shack files for IPO
Shake Shack has filed for an initial public offering that could be worth as much as $1bn (£643m)
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FY sales up 6.2% at JW Lees
JW Lees grew sales by 6.2% in the year to 31 March 2014 to a record level of £62.9m whilst EBITDA fell 4.1% to £7.5m
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News
Castle Rock reports 7.1% rise in FY turnover
Tynemill Ltd, which trades as Castle Rock, the brewer and pub retailer based in Nottingham, has report a 7.1% increase in full-year group turnover to £7.9m
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Thwaites continues investment in pub estate
Thwaites, the Lancashire-based brewer and pub operator, has invested £3.5m across its pub estate in 2014
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Everards reports rise in FY PBT
Everards has reported a 7.4% rise in pre-tax profit to £1.7m in the year to 30 September, as it looks to revive more closed pubs
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News
Pizza Rossa half way to funding target
Pizza Rossa has raised more than half its £150k funding target via CrowdCube with more than a month remaining
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News
Electra acquires TGI Friday's UK
Electra Partners has agreed the acquisition of the UK franchise of TGI Friday’s, the Karen Forrester-led chain, in a deal valued at c£230m
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News
US hedge fund strengthens position in Prezzo
Aggressive US hedge fund Elliott International has further increased its stake in Prezzo, the Italian restaurant chain
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News
C&C given Spirit bid deadline
C&C Group, the drinks group behind Magners, has been given a deadline of 5pm on 6 January to clarify its position on Spirit Pub Company
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Nicholls to chair London night-time economy board
Kate Nicholls, chief executive of the Association of Licensed Multiple Retailers (ALMR), will chair a new Night-Time Economy Board for the Mayor of London and Metropolitan Police Commissioner.
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News
Pay to Punch directors falls 24%
Remuneration for Punch Taverns directors fell from £1.2m in 2013 to £944,000 in 2014.
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Analysis & Insight
Deal of the year can’t be topped
Dominic Walsh reveals the outstanding M&A deal and gives us a rundown of the companies and individuals that deserve awards for their achievements this year
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News
Trading at Fulham Shore in line
Fulham Shore has reported that current trading is in line with expectations as it reported a pre-tax profit of £59k for the six months to 28 September