Finance – Page 279
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NewsKings Park eyes overseas franchise for Abokado and Fuel
The potential to take Abokado and Fuel Juice Bars overseas via franchise is being examined, according to Jason Katz, founding partner at their backer Kings Park Capital
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NewsFY lfls drop 1.6% at Tragus
Tragus, the Café Rouge, Bella Italia and Strada operator, saw like-for-like sale decline by 1.6% in the year to 2 June 2013
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News
FY EBITDA up at Food & Fuel
Food & Fuel, the operator of London-based gastropubs and bars headed by former Spirit boss Karen Jones, saw EBITDA climb 2.8% to £655k in the year to 2 June 2013
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NewsDomino’s UK FY lfls up 7%
Domino’s Pizza Group has this morning reported like-for-like sales growth of 7% across its 670 UK mature stores during 2013 and announced it had entered into an agreement to purchase the minority shareholding in relation to its German business
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NewsWhitbread Q4 lfls accelerate to 6.8%
Whitbread has reported a 4% rise in like-for-like sales for the 50 weeks to 13 February, accelerating to +6.8% in Q4 driven by a “particularly good Christmas” and “to a lesser extent” favourable weather comparatives in January
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NewsWelcome Break to invest in estate overhaul
Welcome Break is to invest in excess of £15m over the next two years converting 14 or 15 of its service stations to an airport-style model, writes The Times
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NewsGreggs FY lfls fall 0.8% in 'transitional' year
Greggs, the high street bakery chain led by Roger Whiteside, a reported a 0.8% fall in like-for-like sales in what it called a “year of transition” in the 52 weeks to 28 December
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NewsABInBev FY UK volumes fall 3%
ABInBev saw UK volumes fall 3% in 2013, with a decline of 2.9% in the fourth quarter, although the country outperformed Western Europe as a whole
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News
BT and Carlsberg UK agree sports discount deal
Freetrade outlets that stock Carlsberg UK products and those that sign up to BT Sport will be entitled to a 50% discount on a BT Sport subscription under a new deal agreed between the companies
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NewsTRG lfls up 3.5%
The Restaurant Group (TRG) has this morning reported strong current trading, with total sales up 10% and like-for-like sales at 3.5% for the eight weeks to 23 February 2014, and said that the search for a new chief executive is “well underway”
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News
Cineworld FY PBT to be c£45m
A leading analyst has forecast that full year pre-tax profit at Cineworld will be up 17% to £45.5m, driven by the acquisition of Picturehouse and a 4% increase in like-for-like box office (vs. the market’s -0.3%)
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NewsF&B outperforms retail at Network Rail stations
Like-for-like sales at pubs and bars at the stations grew 13.9%, with growth of 14.1% in dining outlets
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NewsLa Tasca reports strong January
La Tasca, the Simon Wilkinson-led chain, has reported a strong January trading performance, with sales up 14% versus a 2.4% increase in 2013, helped by a “cracking” New Year
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NewsBill's FY EBITDA more than doubles
Bill’s Restaurants saw EBITDA (pre-opening costs) grow 125.5% to £3.7m in the year to 28 July 2013 on the back of like-for-like sales growth of 9.2% and new openings, which helped lift turnover by 175.6% to £27.6m
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NewsFulham Shore raises £660,500 in share placing
Fulham Shore, the restaurant venture from ex-Clapham House Group chairman David Page, has raised £660,500 in a further share placing as it looks to make further acquisitions and investments
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OpinionWho will float next?
With numerous high profile flotations on the agenda, Sam Fuller, head of UK consumer at international investment bank Altium, discusses the leisure sector’s IPO prospects
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NewsPatisserie Valerie eyes £150m IPO
Patisserie Valerie, the Risk Capital Partners-backed group, is drawing up plans for a float that could value the chain at more than £150m, according to the Sunday Times
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NewsM&C20 underperforms All Share Index
The M&C20 underperformed the FTSE All Share Index this week, despite share price growth for seven of the top 10 sector firms. Overall growth was 1.6%, against +2.5% for the All Share
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Analysis & Insight
Hospitality jobs increased in Q3 2013
The number of jobs in the hospitality industry increased in the third quarter of 2013, data published by the Office for National Statistics shows
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News
New EIS group targets drink-led London pubs
A new Enterprise Investment Scheme-backed group called Marylebone Leisure, which includes Prezzo chief executive Jonathan Kaye as an investor and non-executive director, has been launched with the intention of acquiring and operating a series of “drink-led pubs and bars” in London