Finance – Page 241
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NewsCabana closes in on fundraising total
Cabana is close to securing £5m of new funding as it confirmed it had secured its next site in London’s Brixton
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NewsPE and trade suitors circle La Tasca
Up to six parties are still believed to be in the running to acquire La Tasca, which was placed on the market earlier this year
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Notes exceeds crowdfunding target
Notes, the London-based coffee shop and wine bar concept, has exceeded its crowdfunding target.
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Anheuser-Busch to invest $1.5bn upgrading US operations
Anheuser-Busch InBev NV plans to invest c$1.5bn on upgrading its US operations over the next three years
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NewsEBITDA per pub up 11% at Thwaites
Thwaites saw EBITDA pubs across its c300-strong estate increase 11% in the 12 months to 31 March 2015
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NewsFY EBITDA up 5.9% at Carluccio’s
Carluccio’s, the Neil Wickers-led group, saw EBITDA climb 5.9% to £14.3m in the 52 weeks to 28 September 2014
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US private equity firm to acquire Fourth
Insight Venture Partners, the New York-based, technology-focused private equity firm, has agreed to acquire Fourth
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Criterion placed in administration
Neo-Byzantine restaurant Criterion in London’s Piccadilly has entered the administration process
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Jack: New ETI strategy should have substantial long-term impact
Douglas Jack at Numis has said that Enterprise’s new strategy should have a substantial long-term impact on its earnings composition
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FY turnover up at Bitters ‘n' Twisted
Bitters ‘n’ Twisted Venues has reported a 10.7% increase in turnover to £5.7m across its six venues for the year ending 31 August 2014
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NewsQ3 lfl sales up 9.9% at Wagamama
Wagamama, the Duke Street Capital-backed chain, saw Q3 like-for-like sales across its 112-strong UK estate increase 9.9%
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NewsPatisserie Holdings directors sell c£15m-worth of shares
Directors in Patisserie Holdings have raised c£15m combined after yesterday selling 4.8 million shares in the company
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Hospitality earnings rise
Earnings in the hospitality sector have risen by 3.9% between February and April, outperforming much of the rest of the employment section
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NewsInnis & Gunn extends mini-bond after raising £2.5m
Scottish craft brewer Innis & Gunn has extended its min-bond by an extra month after raising £2.5m of its £3m target.
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New backer sought for Kornicis
The backer of Kornicis Group has appointed advisers to seek a new investor for the Jamies Wine Bar operator
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NewsFrench: GK retains the ambition to make further acquisitions
Leading analyst Simon French believes that Greene King retains the ambition to make further acquisitions
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Notes lowers crowdfunding valuation
Notes, which last month launched a fundraising drive on Crowdcube, has lowered its valuation by £1.5m
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NewsFrench: Frankie & Benny’s could lose volume
Leading analyst Simon French has said that he remains positive on TRG given good visibility on its rollout
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Jack: TRG expansion rate could reach 60+ new sites pa
Leading analyst Douglas Jack at Numis has said TRG’s self-financed expansion rate could reach 60+ new sites per annum in four to five years
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NewsGaucho set to assess options
Gaucho is believed to have appointed advisers to assess its options, which could lead to a sale of the business