Finance – Page 258
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News
Peel Hunt predicts strong Domino's results
Domino’s Pizza is set to deliver strong results in its half yearly results on Tuesday (29 July), according to Nick Batram at Peel Hunt who issued a Hold recommendation and a target price of 591p
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NewsBurns reiterates Hold for Marston's
Leading analyst Karl Burns has reiterated his Hold recommendation for Marston’s following its Q3 interim management statement yesterday
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NewsStarbucks sees fifth quarter of growth in EMEA
Starbucks has reported its fifth consecutive quarter of like-for-like sales growth across its operations in Europe, driven by a strong performance in the UK
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News
Shaftesbury: commercial rents grow 27.2% over five years
Shaftesbury says demand for its shops, restaurants and leisure, offices and residential premises “continues to be very strong”, resulting in growth in rental income and values, with commercial rent reviews increasing rents by 27.2% over a five-year period
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NewsPeroni lifts Miller Brands Q1 revenues
The ongoing popularity of Italian lager Peroni has driven a 23% lift in UK net revenues for brewing giant SABMiller in the first quarter of the year
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NewsJack: M&B's expansion ability in question
A leading analyst has said that Mitchells & Butlers (M&B) “ongoing malaise” leaves its ability to expand and reintroduce dividends in question
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NewsMarston's: World Cup impact 'broadly neutral'
Marston’s, the brewer and pub operator, has reported a 4.1% rise in like-for-like sales in its Destination and Premium arm for the 41 weeks to 19 July, with the company describing the impact of the World Cup as “broadly neutral”.
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NewsFuller's managed lfls grow 7.3%
Fuller’s, the London-based brewer and pub operator, has reported “strong trading” across all divisions with a 7.3% rise in like-for-like sales in its managed pubs and hotels division for the 16 weeks to 19 July 2014
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News
Jack reiterates Buy for Marston's
Leading analyst Douglas Jack has reiterated his Buy recommendation for Marston’s following its Q3 trading update this morning, saying that the group is still trading ahead
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NewsPeel Hunt: TRG a top stock for the summer
Analyst Nick Batram at Peel Hunt has put forward The Restaurant Group as one of the company’s top stock picks for this summer in terms of growth
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NewsSABMiller Q1 trading in line with expectations
SABMiller has reported that its performance in the three months to 30 June was in line with expectations
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News
Britvic reports "strong quarter" with 4.1% revenue growth
Britvic, the soft drinks company, reported a 4.1% like-for-like revenue increase to £329.5m for the 12 weeks to 6 July 2014
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News
Crowdcube completes fundraising in record time
Crowdcube, the crowdfunding platform used by a number of operators in the eating and drinking out sector, reached its £1.2m fundraising target in a record 16 minutes
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News
Nichols reports strong H1
Nichols, the soft drinks firm, has reported a strong first half, led by its UK business outperforming against a difficult trading backdrop
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NewsJust Eat raises stake in French on-line restaurant service
Just Eat, the on-line takeaway platform, has increased its stake in Alloresto.fr, the French on-line restaurant delivery service, to 80% for c€7m
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NewsM&B Q3 trading flat
Mitchells & Butlers (M&B) has this morning reported that like-for-like sales through its third quarter (14 weeks to 19 July) were flat, with a 0.6% rise in like-for-like food sales offset by a 0.5% decline in drink sales
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Analysis & Insight
Pop-up retailers contribute £2.1bn to UK economy
Pop-up retailers contribute £2.1bn to the UK economy each year and the sector is expected to grow by 8.4% over the next 12 months
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NewsPizzaExpress launches £610m bond
PizzaExpress has started marketing a £610m bond to fund its leverage buyout by Chinese private equity group Hony Capital
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News
Green Flash Brewing signs European distribution deal
California-based Green Flash Brewing Co has entered a European distribution partnership with Belgian St-Feuillien to bring its craft beers to Europe
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NewsChipotle reports one of its strongest ever quarters
Chipotle has reported a 17.3% rise in comparable restaurant sales in the second quarter of 2014, which the group said was one of its strongest comparative periods as a public company