Finance – Page 265
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Analysis & InsightStatutory code has little impact on M&C20
The Government’s statutory code announcement this week had little impact on the M&C20 index as the leisure sector edged up 3 points to 1,231
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News
Bath Ales reports FY loss
Bath Ales, the brewer, pub and restaurant operator led by Robin Couling, has reported a pre-tax loss of £40,235 in the year to 31 August 2013, against a pre-tax profit of £241,374 in the previous year
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News
Rollo: Spirit sales expected to have slowed
A leading analyst has said that he expects trading at Spirit Pub Company to have slowed following a strong start to Q3
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NewsRollo: Slowdown at Costa expected in Q1
A leading analyst has said that expects Whitbread to report solid Q1 LfL sales growth of 5.5% driven by strong trading in Hotels and Restaurants but a slowdown at Costa
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NewsAnalyst corner
Nick Batram at Peel Hunt looks to ahead to the Q3 update from Spirit Pub Company, which is due next Tuesday
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Jack upgrades Fuller's after 'outperformance'
Leading analyst Douglas Jack has upgraded his forecast for Fuller’s by 2.5% following its “outperformance” at the group’s full-year results this morning
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NewsFuller's FY adjusted PBT grows 10%
Fuller’sFuller’s, the London-based brewer and pub operator, has reported a 10% rise in adjusted pre-tax profits to £34.1m in the year to 29 March, driven by its managed estate, which saw like-for-like growth of an “industry leading” 8.3%
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NewsStatutory code to have 'little practical difference' to pubcos
Government plans to introduce a statutory code in the tenanted sector should have a “small negative impact” on Enterprise Inns and Punch Taverns, but overall make “little practical difference” to quoted operators, according to leading analyst Douglas Jack
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NewsBarber raises £5m for Hush and Cabana
Jamie Barber, the restaurateur behind the Cabana and Hush Brasserie brands, has raised £5m of new equity to fund the expansion of both brands
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Stations attract millions of non-travellers
Tens of millions of people a year are visiting Britain’s biggest railway stations who aren’t travelling by rail to eat, drink and shop, new figures show
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NewsR&L Properties disposal completed
On the back of Hawthorn Leisure’s acquisition of 88 pubs from the former estate of Robert Tchenguiz, the sale process of the R&L Properties pubs portfolio have now been completed for a total sum of c£75m
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NewsCote completes Cobham deal
Cote, the French brasserie chain, has completed on a site in Cobham for an opening at the end of this year/start of next
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World Cup could generate £1.3bn for leisure and retail industry
England fans will spend up to £431m in pubs and restaurants if England makes it to the World Cup final this summer with each goal estimated to be worth £33.2m as fans celebrate, according to a report by VoucherCodes.co.uk
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NewsStatutory code has little effect on pubco share prices
Yesterday’s news that the Government is to introduce a statutory code and adjudicator into the pubco/tenant relationship had little impact on the movement of shares among listed pub groups that operate tenanted and leased outlets
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NewsRobinsons: tenancy innovation, operating profit grows 50.5%
Robinson’s, the Cheshire-based brewer and pub operator, is to introduce a more flexible tenancy agreement this year, which it hopes to rollout across most of its estate, joint managing director William Robinson has told M&C Report
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NewsJack upbeat on Spirit
Leading analyst Douglas Jack has predicted “strong” results for Spirit at its Q3 interim management statement next Tuesday, saying that trading for the pub group should be ahead
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News
Benugo FY PBT grows 46.5%
Benugo, the restaurant operator and caterer, has reported a 46.5% rise in pre-tax profits to £4.9m in the year to 27 December 2013 and said it forecasts “significant growth opportunities” for 2014
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Pub company share prices drop with England’s losses
The average share price of the UK’s top five listed pub chains is directly impacted by England’s performance in the World Cup, according to analysis of previous tournaments by registrar firm Equiniti
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Tesco refurbs 100 stores in Q1
Tesco, the supermarket group that owns eating out brands Giraffe, Decks and has invested in Harris + Hoole, has reported that it has refurbished more than 100 stores during the three months to 24 May
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NewsChop’d to secure new funding
Chop’d is in advanced talks to secure £2m of new funding from private equity group Calculus Capital, which could help the group triple its estate over the next five years