Finance – Page 268
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News
Matthew Clark buys stake in marketing agency
Matthew Clark, the drinks wholesaler part-owned by Punch Taverns, has bought a 51% stake in London-based marketing agency Elastic for an undisclosed sum
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Famous Brands: UK operation record one of its “best results”
Famous Brands has reported that its UK operations recorded one of its best-ever results in the year to 28 February, and announced plans to open more sites under its Steers brand here
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C&C FY EBITDA up 10.6%; Magners volumes fall 10%
C&C, the manufacturer of cider, beer and wine, sees double-digit operating profit growth from four of its five segments and EBITDA up by 10.6% year-on-year to £122.8m, despite Magners brand volume declining 10%
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NewsSheps simplifies share structure to attract investors
Shepherd Neame has said the simplification of its shareholder structure is to make the company more appealing to investors, to enable its continued improvement strategy
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NewsAnalyst corner
Nicholas Batram at Peel Hunt looks ahead to Mitchells & Butlers’ (M&B) half-year results on Thursday 22 May
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News
Losses narrow at For Your Eyes Only
For Your Eyes Only, the operator of lap dancing bars, has reported a narrowing of losses in the year to 31 October from £1.2m to £883,265 and said it continues to be in discussions about potential funding options for growth
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Westfield Group: UK rent grows 5.1% in a year
Westfield Group, the Australia-based shopping centre operator, has reported that average speciality rent at its two UK sites grew 5.1% in the year to 31 March to £88.69 per sq ft
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NewsM&C20 falls as hedge funds take profits
The M&C20 index suffered a steep fall this week as shares in the leisure sector slid 2.9%, leading to losses of £328m among the 21 constituent companies
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NewsTRG eyes more triple openings
The Restaurant Group (TRG) is likely to open sites at the top end of its 2014 openings target, with more units set to open that incorporate three TRG brands, chief executive Andrew Page has told M&C Report
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NewsMarston's: newbuilds, disposals, franchise, lodges
M&C Report takes a closer look at the H1 results for the 26 weeks to 5 April for Marston’s, speaks to chief executive Ralph Findlay and reports from a presentations featuring senior company directors
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NewsSt Austell FY EBITDA grows 7.4%
St Austell, the Cornish brewer and pub operator, has reported a 7.4% rise in EBITDA to £13.8m in the year to 28 December on turnover up 10% to £116.6m, with growth recorded in every division
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NewsTRG lfls grow 4%
The Restaurant Group saw like-for-like sales grow 4% for the first 19 weeks of its current financial year, and says it is on track for “a very satisfactory” H1
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NewsJack: Marston's 'well placed to drive growth'
Leading analyst Douglas Jack at Numis has reiterated his Buy recommendation for Marston’s following its H1 results this morning, saying that the company has “strong underlying trends” and that it’s “well placed to drive growth”
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NewsMarston's H1 PBT grows 9.4%
Marston’s, the brewer and pub operator, has reported a 9.4% rise in underlying profit before tax to £29m in what it called a “strong” half year (26 weeks to 5 April)
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NewsYO! signs deal for 50 US openings
YO! Sushi, the Quilvest-backed group, plans to open 50 restaurants in the US over the next six years after signing a new franchise agreement for the country
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News
CPL and BII agree £1m partnership deal
CPL Training Group has announced that it has entered into a strategic partnership with the BII to deliver all BIIAB qualifications across the UK for the next five years
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NewsEAT secures £40m refinancing
EAT, the Lyceum Capital-backed group, has secured a £40m refinancing, which includes a £12.5m capital expenditure tranche which will be used to fund plans for further store openings
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News
Compass: Conditions improving in Europe
Compass Group, the global contract caterer, has said that it is starting to see an improvement in economic conditions and new business growth in Europe
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NewsPatisserie Holdings valued at £170m
Patisserie Holdings has been valued at £170m on its conditional admission to AIM this morning, placing it at the lower end of its predicted range
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Analysis & InsightSector lfls grow 4.4% in April
Pub and restaurant groups experienced another strong period of trading in April, with like-for-like sales across 28 leading companies up 4.4% during the month