Finance – Page 252
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NewsAnalyst corner: M&B
Jamie Rollo at Morgan Stanley looks ahead at the upcoming update from Mitchells & Butlers (M&B) and says he expects a solid Q4
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NewsGlendola: FY PBT falls 11.2%
Glendola Leisure, the London-based bar and restaurant group, has seen its profit fall to £2.2m from £2.5m the previous year in what it called “a reasonably successful period in challenging economic circumstances”
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Collyer: Spirit is moving up the pecking order
Leading analyst Geof Collyer has upgraded his earnings per share (EPS) forecast for Spirit Pub Company, saying the group is “moving higher up the pecking order” following its above-expectations trading update, although some concerns remain
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Trust Inns FY PBT grows 32.8%
Trust Inns, the tenanted pub operator led by Lynne D’Arcy, saw pre-tax profits grow 32.8% to £3m in the year to 31 March
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NewsMiller Brands FY PBT grows 20.9%
Miller Brands UK, the supplier of premium beer brands Peroni and Pilsner Urquell, saw pre-tax profits grow 20.9% to £23.8m in the year to 31 March on turnover up 3% to £247.5m
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NewsTasty reports 23.6% rise in H1 PBT
Tasty, the operator of the Wildwood and Dim T brands, saw pre-tax profit increase 23.6% to £973,000 in the 26 weeks to 29 June
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NewsBatram: Spirit will exceed expectations
Another analyst has predicted that Spirit Pub Company will exceed expectations following yesterday’s trading update
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NewsHall & Woodhouse FY PBT grows 11%
Hall & Woodhouse, the Dorset-based brewer and pub operator, has reported an 11% rise in pre-tax profit to £7m in the year to 25 January 2014 and revealed it has total committed facilities in place of c£60m
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NewsKFC reports rise in FY PBT
KFC UK & Ireland saw pre-tax profit for the year to 1 December 2013 climb from £39.1m to £40.1m
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Businesses rethink pay policies
More than three quarters of Britain’s biggest 100 public companies changed their pay policies last year amid pressure from shareholders
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Delivery Hero secures $350m investment
Delivery Hero, the largest global provider of online and mobile food ordering, has announced a fundraising round valued at around $350m
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NewsSpirit Q4 managed lfls rise 2.1%
Spirit Pub Company has reported a 2.1% rise in like-for-like net sales in its managed arm for the 12 weeks to 16 August, with net income growth in the leased division accelerating to +4.8%
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BCI eyes online trading platform move
British Country Inns (BCI), the pub group that operates across four Enterprise Investment Scheme (EIS) companies, plans to place its shares on the on-line trading platform Asset Match in response to the desire of some shareholders to sell, M&C Report has learnt
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Jack upgrades Spirit PBT forecast
Leading analyst Douglas Jack has upgraded his full-year pre-tax profit forecast by 3% for Spirit Pub Company following its trading update this morning that exceeded his expectations
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NewsCollyer expects more signs of M&B 'turning the corner'
Leading analyst Geof Collyer has issued a Buy recommendation for Mitchells & Butlers (M&B), saying he expects to see more evidence of “the M&B supertanker turning the corner” at its upcoming year-end interim management statement
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NewsTough comps 'to hit Greene King'
Leading analyst Geof Collyer has issued a Buy recommendation for Greene King but said tough comparatives over summer may hold back its short term performance
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NewsOsmond enters exclusive talks for Strada
Hugh Osmond is understood to have entered exclusive talks to acquire restaurant chain Strada, in a deal valued at c£40m
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NewsJack upgrades Prezzo from Add to Hold
Leading analyst Douglas Jack at Numis has upgraded Prezzo to Add from Hold following recent weakness ahead of the group’s interim results on 11 September
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Jack: Strong sales and weak margins to continue at JDW
Leading analyst Douglas Jack at Numis has said that strong sales and weak margins are set to continue at JD Wetherspoon
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NewsSamba Swirl to launch Crowdcube fundraising drive
Samba Swirl, the frozen yoghurt concept led by David Packham, is looking to raise between £285,000 and £500,000 on Crowdcube to grow from four to 20 sites over the next three years, plus an additional 50 units overseas, M&C Report has learnt