Finance – Page 260
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NewsJack: Marston’s trading be ahead despite slowdown
A leading analyst has said that even though like-for-like trading should have slowed at Marston’s due to much tougher comps in Q3, he expect the company to still be ahead after nine months
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NewsJack: Fuller’s trading to have remained ahead
A leading analyst has said that the World Cup should have provided a slight boost to both the managed and tenanted estates (positive for drink-led outlets; negative for wet-led outlets) of Fuller’s
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Bettys & Taylors PBT grows 10.1%
Bettys & Taylors, the Yorkshire cafe operator and bakery business that runs the Bettys Café Tea Rooms brand, saw pre-tax profits rise 10% to £10.1m in the year to 31 October 2013
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Greene King and AB InBev sign Goose Island supply deal
Greene King, the brewer and pub operator and drinks distributor AB InBev UK, have formed a partnership to distribute and sell US craft beer Goose Island in the UK from October
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Alcuin invests in Salt Yard Group
Alcuin Capital Partners has taken a stake in the Salt Yard Group, the London-based restaurant company that includes Salt Yard and Opera Tavern in its portfolio
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NewsEx-Land Securities exec sets up leisure property fund
Ashley Blake, who previously ran Land Securities’ £4bn retail and leisure portfolio, has created a leisure sector-focused property investment company that’s looking to raise c£200m to buy freeholds and long leaseholds let to leisure operators, M&C Report has learnt
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NewsJack: Domino’s H1 UK trading to have remained strong
A leading analyst has forecast that PBT for Domino’s will be up 10% to £24.5m in H1
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Vianet: Pub sector trading has remained flat
Vianet has said that the first quarter of the current year has started largely as anticipated with trading in the pub sector remaining flat ahead
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OpinionQ2 trading update
M&C Report talks to pub, bar and restaurant groups about trading in the second quarter of 2014, with reflections on the first six months of the calendar year. The consensus is that the strong first quarter had broadly continued in Q2, aided to some extent by the weather and sporting fixtures, and operators are largely optimistic about the year ahead
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NewsJack: Spirit offering attractive growth
A leading analyst has said that in his view Spirit’s shares offer attractive growth and re-rating potential
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NewsHony Capital acquires PizzaExpress
Hony Capital, one of China’s largest private equity firms, has completed the acquisition of PizzaExpress, in a deal that values the Cinven-backed chain at c£900m
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NewsM&C20 hits seven-month low
The M&C20 Leisure Index has reached its lowest point since December with values sliding 3.5% to 1,154
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NewsAnalyst corner: Jamie Rollo on JDW
Jamie Rollo of Morgan Stanley takes a look back at this week’s Q4 update from JD Wetherspoon and says that for the full year he now expects total revenue growth of 9.7% and an EBIT margin of 8.1%
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San Carlo operator reports rise in FY PBT
The parent company of the San Carlo and Cicchetti restaurant brands has reported a 16.2% rise in turnover to £34.9m for the year to 30 September 2013
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NewsHolts names new chair as PBT falls
Joseph Holt, the Manchester-based brewer and pub operator, saw its pre-tax profit fall to £2.8m from £3.5m in the year to 31 December 2013 and announced that chairman David Tully is to step down
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NewsSSP valued at almost £1bn
An offer price of 210p has been set for SSP’s IPO, which values the company at c£997m
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NewsAnalysts reiterate JDW margin concerns
Leading analysts have held their recommendations for JD Wetherspoon following its quarterly results yesterday, with concerns about its margins again highlighted
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Booker lfls up 3.8% for Q1
Booker Group, the food wholesaler, reported like-for-like sales growth of 3.8% for the 12 weeks to 20 June 2014 and said it is “on course” to meet full-year expectations
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Losses widen at BCI but trade finally recovers
British Country Inns (BCI), the freehold pub operator, saw losses widen across its four Enterprise Investment Scheme (EIS) companies in the year to 1 February 2014 mainly due to “heavy impairment and depreciation charges” after an estate review
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NewsFitch upgrades outlook for Marston's
The revised outlook reflects “the on-going strong performance of the managed pub division” and ”gradual improvement in both tenanted estate quality and operating performance”, in addition to ”prepayment-led deleveraging”