Finance – Page 256
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NewsJack: Still much to do to turn ETI around
A leading analyst has said that despite making progress in many areas, there is still much to be done to turn Enterprise Inns around
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NewsEnterprise Q3 lfl net income grows 2.1%
Enterprise Inns, the tenanted and leased pub operator, saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”
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New focus on tackling crime in West End's night-time economy
City of Westminster police and London Mayor Boris Johnson have launched a new team of officers to tackle violence and crime in the West End’s night-time economy
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Fulham Shore sees losses narrow
Fulham Shore has reported revenues of £543k in the year to 30 March, while operating losses narrowed from £125k to £115k
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NewsMolson Coors reports 'strong' UK growth
Molson Coors says “strong growth” in the UK, as well as Hungary and the Czech Republic, helped to partially offset the impact for its European business of flooding in parts of Serbia, Bosnia, Croatia and Bulgaria in Q2
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Malmaison extends debt facilities
Malmaison and Hotel du Vin have refinanced and extended their existing senior debt facilities
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St Peter’s FY 'successful' despite pre-tax loss
St Peter’s Brewery, the Suffolk brewer and pub operator, slid into a pre-tax loss in the year to 28 February 2014, although chairman John Murphy said the period was “relatively successful” as the firm eyes expansion in the UK and overseas through agreements with larger brewers
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NewsLfls up 3.3% at SSP
SSP, the recently listed travel concessions operator, has reported like-for-like sales growth of 3.3% for the three months to 30 June
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NewsJamie’s Italian FY turnover passes £100m
Turnover for Jamie’s Italian passed the £100m milestone in the year to 5 January, although EBITDA fell 9% to £11.9m as the management invested in infrastructure for International expansion, as well as the new Jamie’s Italian Trattoria brand and the rollout of its Gold Card
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NewsUK strength lifts Burger King
The strength of the UK market helped Burger King to report a 0.9% rise in comparable sales in the EMEA region for the second quarter of 2014
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NewsTenanted performance holds back Adnams
Adnams, the Suffolk brewer and pub operator, has reported a 29% rise in operating profit to £862,000 in the six months to 30 June, although results were held back by the “less good trading” within the tenanted pub estate
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Maclay eyes craft beer expansion; FY loss
Scottish pub and bar operator Maclay Group is looking to add a craft beer offer across its 26-strong estate, managing director Steve Mallon has told M&C Report as the company reports a pre-tax loss of £169,895 in the 16 months to 1 February 2014
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NewsMarket-wide losses hit M&C20
The M&C20 suffered a sharp fall this week as shares in the leisure sector slid by 22 points (1.9%) to 1,152 after a fortnight of growth
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Board game café launches Kickstarter campaign
Draughts, which will be the UK’s first board game café, has launched a Kickstarter campaign to raise £10,000 to kit out the café with board games before it opens in September
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NewsFY lfls up 9% at Be At One
Be At One, the Piper-backed cocktail bar chain, is confident that it can eventually grow its estate to up to 120 sites in the UK
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Analyst corner: Jamie Rollo at Morgan Stanley
Jamie Rollo at Morgan Stanley comments that tenanted pub operators are seeing their sales performance gap close with their managed counterparts
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NewsRollo: Trading across Spirit Leased to be solid
A leading analyst has said that expects Q4 trading at Spirit to have slowed across its managed pubs in-line with other operators
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NewsWestbury Street Holdings buys Searcys
Searcys, the upmarket restaurant and bar operator and caterer, has been sold to Westbury Street Holdings (WSH), the hospitality and catering company that owns Benugo, in its entirety for an undisclosed sum
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NewsItsu sees turnover reach £60m mark
Itsu, which will open its 50 small format store tomorrow in Richmond, has said it turned over £60m and made profits of £6m EBITA in the last year
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Arran Brewery plans new fundraising
Arran Brewery, the Scottish brewer and pub operator, expects to begin another round of fundraising towards the end of the year as it prepares to open a new restaurant and bistro