Finance – Page 257
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News
Orderella reports fundraising progress
Orderella, the mobile ordering app, says it has raised more than 70% of its £1m second round fundraising target under the Enterprise Investment Scheme
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Intu sees property value uplift
Intu, the shopping centre operator, has reported a 7.6% uplift in the like-for-like value of its properties in the six months to June, with the group seeing profits and revenues grow
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Yummy FY lfls rise 36.6%
Yummy Pub Company, the multiple pub operator, has said it experienced a 36.6% rise in like-for-like sales in 2013/2015
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NewsDiageo GB FY net sales grow 2%
Baileys led the growth with sales up 8%, while Smirnoff saw net sales fall 3% despite growing its share of the vodka sector by volume
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NewsStar signs “groundbreaking” coffee deal
Star Pubs & Bars has signed a “groundbreaking” deal with coffee supplier Kimbo, which it says will finally allow pubs to “take on high street coffee chains”
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World Cup lifts ABInBev UK Q2 volumes
ABInBev, the Stella Artois and Budweiser brewer, saw UK sales of its drinks grow 13.5% in Q2 2014, due to ”strong World Cup volumes”
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Compass reports positive trends in Q3
Compass, the global catering company, says it saw the positive trends in Europe and Japan continue into the third quarter (to 30 June), with a slowing of organic revenue decline in the period
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NewsGreggs H1 lfls grow 3.2%
Greggs, the bakery chain, has reported a 3.2% rise in like-for-like sales in the 26 weeks to 28 June, with the company citing a mixture of more favourable trading conditions and the success of its own initiatives
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NewsPizzaExpress swiftly finances £610m bond
PizzaExpress refinanced its existing capital structure by raising £610 million in notes within a matter of days of the offer being marketed
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NewsBurns reiterates Buy for Eclectic
Leading analyst Karl Burns has reiterated his Buy recommendation for Eclectic Bar Group following yesterday’s pre-close trading update, forecasting double digit profit growth at the premium bar operator, although he adjusted down his pre-tax profits and earnings per share estimates due to slightly higher interest and depreciation charges
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NewsDomino's: expansion, food costs, digital, analysts
M&C Report takes a closer look at the H1 results for Domino’s Pizza Group for the 26 weeks to 29 June, talks to new chief executive David Wild and reports from a presentation to analysts
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NewsKout acquires further Costa franchisee
Kout Food Group (KFG), the Kuwaiti-based foodservice firm, has acquired its second Costa Coffee franchisee, Coffee Snobs, for c£5.2m
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NewsDomino's UK lfls grow 11.3%; Germany 'challenging'
Domino’s Pizza Group has reported an 11.3% rise in like-for-like sales in the UK in the 26 weeks to 29 June, with an improved performance in Switzerland, while Germany “continues to be challenging” with like-for-like down 1.7%
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NewsTrading in line at Eclectic
Eclectic has reported that trading for the year to the end of June 2014 was “in line with the Board’s and the market’s expectations”.
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News
Eagle Eye FY revenues surge after mobile technology acquisition
Eagle Eye, the digital loyalty company for the retail and hospitality sectors that initiated an IPO in April, has reported a 157% rise in revenues to £1.8m in FY2014 following its acquisition of mobile technology firm 2ergo in the period
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NewsCollyer: M&B 'supertanker' is turning the corner
The Mitchells & Butlers (M&B) ‘supertanker’ is “slowly but perceptibly turning the corner”, according to a leading analyst who says it will take the company just over two years to deliver the “fully loaded” profits from its acquisition of 173 Orchid pubs
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News
Rosa’s secures expansion fund and new sites
Rosa’s, the London-based Thai café concept led by Alex Moore, has secured £500k of new funding and two new sites in Chelsea and Angel
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NewsM&C20 continues to bounce back
The M&C20 Leisure Index continued to climb this week as it finished 15 points up at 1,175 with the majority of companies in the index experiencing growth
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Analysis & InsightRestaurants and hotels outperform recovering economy
Restaurants and hotels were the UK economy’s star performers as UK finally overtook its pre-recession GDP peak last quarter
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News
Analyst corner: Nick Batram on M&B
Nick Batram of Peel Hunt retrospectively looks at Mitchells & Butlers’ third quarter trading update that saw flat sales in its food and drinks sales