Finance – Page 247
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News
G1 buys five sites, FY EBITDA grows 5.5%
Scottish hospitality operator G1 Group has announced that it has bought five new restaurants - and said acquisition activity is ‘picking up’ - as it reported a 5.5% rise in EBITDA to £17.2m in the year to 31 March 2014
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Wellington FY PBT grows 39.9%
Wellington Pub Company, the free-of-tie leased pub group, has reported a 39.9% rise in pre-tax profits to £9.4m in the year to 31 March despite turnover dipping 1.4% to £26.8m
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NewsHeineken UK FY sales pass £2bn
Heineken UK, the UK arm of the global brewing giant, saw turnover grow from £1.5bn to £2.1bn in 2013
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NewsGreene King 'can justify expected price for Spirit'
Greene King is likely to have to offer between 110p and 120p per share for Spirit Pub Company, an amount that can be justified from a multiple of earnings perspective, according to leading analyst Nick Batram
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NewsFive Guys completes Soho flagship deal
Five Guys, the popular US burger chain, is to open a further flagship site in London, after completing the acquisition of a site just off Oxford Street.
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NewsPrezzo bid has little impact on share price
The M&C20 was down 1.6% to 1,187 points this week, outperforming the All-Share Index which was down 1.9% to 1,010 points, Will Brumby of Langton Capital reports
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Chapel Down ends crowdfunding drive after raising £3.95m
Chapel Down Group, the Kent-based winemaker and brewer, has closed its crowdfunding campaign after raising the maximum of £3.95m in about four weeks
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Analyst corner: Nick Batram on Prezzo
Nick Batram at Peel Hunt says that a bid approach around the current share price significantly undervalues a group of Prezzo’s “pedigree and potential”.
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Hawthorn in exclusive talks for Nectar
Hawthorn Leisure is believed to have entered exclusive talks to acquire Nectar Taverns, which operates 25 wet-led freehouses in the North West
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Jack: Proposed Prezzo price unattractive
Leading analyst Douglas Jack at Numis said that the proposed offer price for Prezzo is unattractive, but announcing the approach may flush out higher bids
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NewsLloyds Bank approves Punch restructure
Punch Taverns has just one more hurdle to jump before its restructure is confirmed, after the plan was approved by Lloyds Bank on Thursday
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NewsAnalysts issue a Hold on Domino's despite 'stunning' UK performance
Two leading analysts have reiterated their Hold recommendations for Domino’s despite strong Q3 results
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NewsDomino’s UK Q3 lfls up 12.9%
Domino’s Pizza Group has reported a 12.9% increase in like-for-like sale across its UK estate in the 13 weeks to 28 September 2014, with sales up 11.8% year-to-date
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NewsTragus completes restructure, appoints new chair
Tragus has completed its restructuring and refinancing, which has seen the company reduce its debt burden from £258m to £91m and cut its estate to c200 core sites
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News FY EBITDA up at Hawksmoor
Underdog Restaurants, the operator of Hawksmoor saw underlying EBITDA for the year to the end of 2013 climb from £2.7m to £4.8m
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Jack: Still plenty of growth in the UK for Domino’s
Leading analyst Douglas Jack has said that with UK franchisee profits up 17% and new store average sales up 12% in H1, there is plenty of growth left in the UK for Domino’s Pizza.
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Aston Manor FY EBITDA exceeds £10m
Aston Manor Brewery, the Birmingham-based cider maker, saw EBITDA grow from £6.1m to £10.5m in 2013
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Veeno eyes crowdfunding rollout
Italian wine café Veeno has launched a crowdfunding campaign and aims to open four new sites by June 2015
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News
Handmade Burger secures funding package
Handmade Burger Company has secured a new £400,000 funding package from Lloyds to support plans to open four new sites
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NewsH1 lfls up 9% at Be At One
Be At One has reported a 9% increase in like-for-like sales for the 26 weeks to 28 September and secured a further regional site in Oxford