Finance – Page 25
-
NewsAdmiral Taverns acquires 37 pubs from Fuller’s
The portfolio of freehold, community, wet-led sites from Fuller’s Tenanted estate span London, Surrey, Sussex and Hampshire, and were sold for £18.3m
-
NewsGreene King delivers growth across divisions
Greene King has reported a 9% increase in group revenue to £2,375m in 2023, as the pubco continues to invest in strengthening its brands and building a stronger, more sustainable business
-
NewsRevolutions Bars rejects proposal from Nightcap
The group confirmed it had received a proposal on 17 May, which it concluded was incapable of being delivered due to material delivery risk
-
NewsBear launches crowdfunding campaign
The Midlands-based coffee and lifestyle brand is targeting £2 million to support its national expansion after securing investment from Clark Group last year
-
NewsMegan’s revenues reach £29.9m
The all-day restaurant group’s 20th site in Twickenham is exceeding expectations, with upcoming openings to include Farnham, Crouch End, and Henley
-
NewsMoto owners prepare to put company up for sale
Joint owners CVC Capital Partners and the Universities Superannuation Scheme have hired Rothschild to oversee an auction of the motorway services business which could value it by as much as £3bn, Sky News reports
-
NewsShaftesbury Capital reports high footfall across West End
The landlord further reported strong retail and hospitality leasing demand across its portfolio, with 23 new brands introduced
-
NewsAdnams losses widen to £4m amid cost increases
The brewer and pub oprerator is continuing to explore options to fund its future growth plans, which include raising additional capital from another party, and/or the sale of freehold assets to return capital to the company
-
NewsMitchells & Butlers acquires Pesto Restaurants
The managed pub and restaurant operator has completed the acquisition of the Italian-inspired 10-strong tapas concept for no more than £15m, as the group reported “strong profit recovery” in the first half of the year
-
NewsThornbridge & Co reports sales uplift
The joint venture between Thornbridge Brewery and Pivovar saw a 18% increase in sales across its bars in York, Birmingham and Leeds over the first quarter of the year
-
NewsSSP sees improved air and rail traffic
UK revenues grew by 19.6% to £392.1m in the first half, while like-for-like growth was 14.7%, with a lower impact from rail strikes
-
NewsComptoir: Footfall remains ‘challenged and erratic’
The Lebanese, Middle Eastern and North African-inspired restaurant operator put in place a consolidation strategy in place in 2023 and rebuilt its senior team, reporting a marginal increase in sales and neutral EBITDA
-
NewsBig Table Group sees turnover surpass £223m
The operator of Las Iguanas, Bella Italia, Banana Tree, and Café Rouge has identified material growth opportunities for the 75 sites it acquired from The Restaurant Group last year, along with testing several conversions
-
NewsJoe & the Juice sees record revenue
The Danish-founded juice specialist reported a 42% rise in revenue to £276m, along with a 35% increase in same-store sales
-
Analysis & InsightOakNorth ‘cautiously optimistic’ about market
With inflation falling, wage increases holding up, and around 27m people seeing their national insurance contributions cut, this has put up to £450 back into consumers’ pockets, according to the sector lender
-
NewsFazenda reports record £27m sales
The premium rodizio bar and grill operator saw year-on-year growth of 34.4% in 2023, and is actively looking for opportunities within London and mainland Europe
-
NewsFulham Shore revenue nears £100m
The Franco Manca and The Real Greek operator remains optimistic, with financial headroom for further expansion, after it was acquired by Toridoll in July 2023
-
NewsRevolution Bars yet to receive suitable offer
The Revolution and Peach Pubs operator continues to explore the formal sales process alongside other strategic options that would deliver a financial return to shareholders
-
NewsVarious Eateries drives sales through new openings
Executive chairman Andy Bassadone says the business will continue to prioritise the integrity of its brands over short-term financial gain, as its latest results see group like-for-like sales marginally down
-
NewsMarston’s outperforms market
Like-for-like sales growth stood at 7.3% in H1 2024, with pub operating profit growing 22% for the 1,395-strong pub operator