Finance – Page 254
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News
Pub People Co reports pre-tax loss
The parent company of Midlands-based Pub People Company saw its pre-tax profit turn into a pre-tax loss in the year to 31 March 2014 after incurring significantly higher interest charges, and said it would continue to exit “underperforming” pubs
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NewsM&C20 experiences slight uptick
The M&C20 Leisure Index witnessed a slight uptick this week after the previous week’s impressive performance
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News
Analyst corner - Essenden
Jeffrey Harwood at Oriel Securities and Andrew Blain of Cenkos have both issued Buy recommendations for Essenden, the ten-pin bowling operator, pointing to the turnaround of the business in recent years in addition to strong trading momentum and scope for significant growth
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Analysis & Insight
Food spend falls
The amount spent on food has fallen for the first time since record began 25 years ago, as prices continued to outstrip wage growth
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NewsBrakspear reports a year of ‘positive change’
J T Davies & Sons, the parent company for Henley-based pub operator Brakspear, has reported a year of “positive of change”
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NewsBatemans has seven-figure acquisitions fund
Batemans, the Lincolnshire brewer and pub operator, has a seven-figure sum available for acquisitions over the coming three years and also plans to dispose of nine pubs during 2014 and 2015, managing director Stuart Bateman has told M&C Report
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News
Interest rate hike to impact discretionary spending
UK households are shouldering 314% more debt than 23 years ago with the total figure rising from £347bn in 1990 to £1,437bn in 2013
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News
£5.5m allocated for Scottish entrepreneurial fund
The Royal Bank of Scotland has allocated £2.5m to boost Scottish small businesses as part of a competition for entrepreneurs called Scot Edge
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News
PBT surges for Sir John Fitzgerald
But the pub and restaurant group says it “may be some time before the north east, our trading area, feels more affluent”
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NewsCarlsberg sees 'particularly strong' UK Q2 growth
Carlsberg saw its UK business grow 4% in the first half of 2014, with “particularly strong growth” in Q2 due to favourable weather conditions compared to last year in addition to its World Cup activities
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NewsCerberus acquires c£200m pub portfolio
Cerberus, the US private equity owner of Admiral Taverns, has acquired 63 pubs in a deal valued at just under £200m
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NewsStrong UK helps drive Heineken volume growth
Heineken has reported double-digit volume growth in Western Europe in the first half of 2014, driven by “strong underlying brand performances” in the UK as well as France, Spain, Ireland and Portugal.
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NewsBLINK signs Wembley Stadium deal
BLINK has signed a new three-year deal to provide additional specialist food partners, to complement the core offer within Wembley stadium
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NewsDraft House lfls up 10%
Like-for-like sales for Draft House, the London-based craft beer bar concept, are currently about 10% ahead of last year and the group expects to make “significant” net profit and EBITDA in its current financial year, founder Charlie McVeigh has told M&C Report
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NewsDraft House reports sharp growth in EBITDA and sales
Draft House, the London-based craft beer bar concept, saw EBITDA before opening expenses grow 163% to £251,620 in the eight months to June 2014, while year-on-year sales increased 29% to £3.2m
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NewsBatemans FY profits slide
Batemans, the Lincolnshire brewer and pub operator, saw pre-tax profits slide 29.9% to £168,135 in the 12 months to 31 January 2014 in what it called “another challenging year”.
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News
Punch restructure 'will grow equity value by 17%'
The proposed reduction in Punch Taverns’ debt under its restructure proposals would grow the equity value of the company by 17%, or 1.7p per share, a leading analyst has said
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News
Analyst corner: Sahil Shan on TRG
Sahil Shan at N+1 Singer looks ahead to the H1 results update from The Restaurant Group (29 August)
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NewsBatram: Another solid delivery expected for TRG
A leading analyst has said that he expects a further continuation of the consistent double-digit earnings growth when The Restaurant Group (TRG) reports interim numbers
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NewsRollo: Outlook on margins key at JDW
A leading analyst has said he expects JD Wetherspoon to report a solid pre-close update, and therefore expects no surprises with its full-year results