Finance – Page 249
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News
Jack: Expect a strong Q3 from Domino’s
Leading analyst Douglas Jack said that he expects UK LFL sales at Domino’s Pizza Group to have remained double-digit positive
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Re-branding driven 10% lfls at EAT
EAT, the Lyceum Capital-backed group, has seen like-for-like sales grow by 10% since it began rebranding its stores and is preparing to return to restart growing its estate from January 2015
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FY revenues up 160% at Eagle Eye
Eagle Eye has reported a 160% increase in group revenue to £1.8m (2013: £0.7m) for the year to 30 June 2014
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OpinionDeal of the decade?
What lies behind Greene King’s approach for Spirit Pub Company, what complications does it bring and what does it tell us about the current state of the pub market? John Harrington speaks to the experts
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BCI shareholders approve on-line trading move
Shareholders of British Country Inns (BCI) have voted in favour of proposals to place the shares on the on-line trading platform Asset Match
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Chapel Down raises extra £570k
Chapel Down Group, the Kent-based winemaker and brewer, has announced that it has raised an additional £570,000 through its latest share issue
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AG Barr signs Snapple agreement, H1 PBT grows 14.6%
AG Barr, the soft drinks producer, has signed a 10-year agreement giving it exclusive rights to sell, market and distribute the Snapple brand in the UK and certain other EU territories
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NewsDP Poland shows 'tangible signs of progress'
DP Poland, the operator of the Domino’s brand in the country, is displaying “tangible signs of progress”, according to leading analyst Nick Batram
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NewsEnterprise to issue new bonds, eyes new debt facility
Enterprise Inns has announced that is it is to buy back some existing bonds and reissue new bonds with a later maturity date and on more favourable terms
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NewsDomino's Poland targets rollout as H1 lfls grow 13%
DP Poland, the operator of the Domino’s Pizza brand in the country, has reported a 13% rise in like-for-like sales in the six months to 30 June as it targets launches in new cities with an accelerated rollout programme planned for 2015
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NewsTesco overstated H1 profits by c£250m
Tesco says it has overstated the figure for its expected half-year profits by an estimated £250m
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NewsAnalyst corner: Rollo on M&B
Jamie Rollo at Morgan Stanley looks ahead to the Q4 interim management statement from Mitchells & Butlers (M&B), predicting a “solid” performance
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NewsBig gains for M&C20 after NO vote
With the threat of Scottish independence behind us for the time being, the All Share ended the week up 9 points at 1,066, with the M&C20 outperforming the market, ending up more than 28 points at 1,226
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News
BHA income dips
The British Hospitality Association (BHA) saw income fall 1.2% to £1.37m in 2013, although subscription income rose 2.1% to £1.13m
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NewsWagamama distances itself from rapid expansion reports
Wagamama, the Duke Street Capital-backed chain, is understood to have distanced itself from reports that it’s looking to open 50 restaurants this year
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NewsJust Eat's Brazilian arm merges with rival
Just Eat, the UK-based online takeaway platform, has announced the merger of its Brazilian business RestauranteWeb with iFood, a rival in that country
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NewsFrench: TRG and M&B should merge
Leading analyst Simon French has proposed the merger of The Restaurant Group Plc (TRG) with Mitchells & Butlers (M&B) to create the UK’s pre-eminent eating and drinking out group sayingTRG has earned the opportunity at creating something bigger
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NewsJack moves Marston's from Buy to Add
Leading analyst Douglas Jack had moved Marston’s from Buy to Add and cut his forecast for the group, saying that he expects trading to have slowed in Q4 due to “tougher comps and unhelpful weather in late August”.
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News
C&C Group 'a buying opportunity'
Leading analyst Ian Hunter has initiated his coverage of Magners producer C&C Group with a Buy recommendation, citing its opportunities in the US, the “efficient” business in its core markets, and a strong balance sheet
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News
Booker lfls up 3.1% for Q2
Booker Group, the food wholesaler, reported like-for-like sales growth of 3.1% for non-tobacco sales and growth of 1.8% for sales excluding its Makro stores for the 12 weeks to 12 September 2014