Finance – Page 280
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News
Fyne Ales announces £2m investment
Fyne Ales, the Scottish craft brewer based in Argyllshire, has announced a £2m investment at its site to double turnover by 2015
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NewsM&B's Birmingham HQ sold for £51m
The site of Mitchells & Butlers’ (M&B) Birmingham headquarters has been sold for £51m to LaSalle Investment Management
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NewsLe Pain FY PBT grows 37%
Le Pain Quotidien, the all-day bakery and cafe concept, grew pre-tax profits by 37.2% to £802,887 in 2013, on turnover up 4% to £30.8m, as its estate grew from 22 to 24 stores
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News
Trust Inns agrees new £130m debt facility
Trust Inns, the tenanted pub operator led by Lynne D’Arcy, which has over 480 sites, has secured a new £130m debt facility
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NewsJack: Domino's FY earnings can grow c20%
Domino’s Pizza is capable of generating c20% earnings growth in 2014 despite the prospect of slightly slower UK expansion and a downside forecast in Germany, according to leading analyst Douglas Jack
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NewsCarlsberg UK 'slightly down' in 2013
Carlsberg says the UK market was “marginally down” in 2013, although it continued to strengthen its market share in the on-trade, as it predicted a slight decline in beer markets across Western Europe in 2014
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NewsGreggs FY to be 'broadly positive'
Efforts by Greggs to improve its retail systems and processes are “firmly in train”, according to a note from N+1 Singer that predicts a “broadly positive tenor” to its final results on 26 February
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News
Coca Cola Company FY volumes rise, net revenues dip
The Coca Cola Company has reported a 2% growth in volumes in 2013, with growth slipping to 1% in Q4, although full-year net revenues fell 2%
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NewsPrezzo signs exclusive ice cream deal
Prezzo, the Jonathan Kaye-led group, has signed an exclusive deal with London gelateria Gelupo to serve its award-winning Italian ice cream
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NewsDeals 'on the table' for Churchill's overseas expansion
Deals are “on the table” to export Churchill’s, the fish & chip brand from the UK’s largest fish & chip shop operator Fish ‘n’ Chick’n, to China, Nigeria, Russia, the Middle East and India, managing director James Lipscombe has told M&C Report
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NewsJack: Solid update expected from TRG
A leading analyst has said that The Restaurant Group, which will report its final results on 26 February, should be capable of maintaining double-digit earnings growth in 2014E
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NewsBrasserie Bar Co secures £13.5m of new funding
Brasserie Bar Co, the owner of the Brasserie Blanc chain and White Brasserie Company, has secured £13.5m of new funding to support the expansion of the group by at least 20 new sites over the next three years
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NewsAnalyst corner
Leading analyst Mark Brumby at Langton Capital looks at the decision by Punch Taverns to postpone the vote on its restructuring proposals
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NewsBatram: TRG a well-oiled machine
A leading analyst has said that there will be no slowing down from The Restaurant Group (TRG) when it delivers its full year update on 26 February, with the company expected to report another impressive performance
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NewsBatram: Domino’s model remains robust
A leading analyst has said that although he believes there are several challenges in Domino Pizza’s UK business, ultimatelyits model remains robust and highly cash-generative
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News
FY profit up 8% at Heavitree
Heavitree, the Devon-based tenanted pub operator, has reported a small decline in turnover for the year to 31 October 2013, due to a loss in rental income from two houses that were closed and then sold during the year
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News
Mayfair Capital secures F&B investment
Mayfair Capital Investment Management has acquired £12m of assets for its Property Income Trust for Charities fund, including three F&B units at the Greenwich Peninsula
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NewsM&C20 underperforms against FTSE
The M&C20 Index climbed 0.9% this week, driven by growth from one of its smaller companies but underperformed the FTSE All Share Index, which was up by 1.5%, for the second week in a row
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NewsBK reports 1.7% rise in Q4 sales
Burger King, the fast-food chain, has reported a 1.7% rise in quarterly global sales with very strong results in Asia
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News
PizzaLuxe eyes next stage of growth
PizzaLuxe is to embark on its first round of external fundraising as it looks to double its estate over the next 18 months