Finance – Page 285
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NewsEssenden bowls a strike for M&C20
The M&C20 Leisure Index tracked the general equities market this week, as both grew by a little over 1.2% to 1,249 and 1, 064 points respectively
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NewsBatram: Don’t expect M&B lfls to be far from flat
A leading analyst has said that in terms of like-for-like expectations at the 17 weeks stage for Mitchells & Butlers (M&B), he doesn’t expect the figure to be far from flat.
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NewsAnalyst corner
Ahead of the Q1 IMS from Enterprise Inns, Jamie Rollo at Morgan Stanley says he doesn’t expect a final decision on a statutory code for tenanted pub companies until after the next election
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News
Kornicis festive lfls rise 5.5%
Kornicis, the London-based bar and restaurant group, has reported a 5.5% rise in like-for-like sales in its City and Canary Wharf heartland in the five weeks leading up to the New Year
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News
Eclectic: overall sales in line with expectations
Newly-listed bar company Eclectic Bar Group has updated on trading for the six month period ended December 2013 saying that ”overall sales for the period are in line with the Board’s expectations”.
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NewsBrewDog grows bar lfls 17%; reveals openings programme
BrewDog, the Scottish brewer and pub operator, grew like-for-like sales 17% at its established bars last year, co-founder James Watt has told M&C Report as he revealed the company’s openings programme for the first half of 2014
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News
Ribble Valley December lfls grow 15.5%
Ribble Valley Inns, the four-strong food-led pub business owned by the Northcote Group, saw like-for-like sales grow 15.5% during December and said it has further acquisitions in the pipeline.
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NewsFrench: Eclectic presents a unique investment opportunity
Leading analyst Simon French has said that the recently listed Eclectic Bar Group represents a unique investment opportunity, stating that the 20-strong business could eventually triple in size and initiated coverage with a Buy recommendation and 210p Target Price.
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NewsJohnson acquires stake in stockbroker
Serial sector investor Luke Johnson has invested c.£1.4m in buying a 9.75% stake in the small stockbroker Arden Partners, raising speculation that he would look at listing some of the companies he has backed
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News
C&C Group reports tough cider market
Drinks company C&C Group has reported that trading for its UK cider business remains “challenging”, with volumes down 13.5% in the nine months to November 2013
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News
Euro Garages to expand estate
Petrol forecourt operator Euro Garages has announced a deal to buy 48 Esso petrol station sites in the Midlands and East Angla as it boosts its geographical coverage
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Kite Brewery secures Molson Coors deal
The award-winning Kite Brewery has secured a distribution agreement with Molson Coors for its Cwrw Gorslas and Welsh Pale Ale throughout South and West Wales
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Analysis & Insight
Festive lfls rise 3.3% for sector
Like-for-like sales across 27 leading pub, restaurant and bar groups increased 3.3% over the festive season, with drink-led pubs in London the best performers at +6.5%, new figures show
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Minister: Don't 'belittle' Responsibility Deal
However, Earl Howe said the Government would look at requests to introduce a sugar reduction pledge as part of the series of voluntary agreements with businesses on public health
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NewsWagamama FY lfls grow 3.4%
Wagamama, the Duke Street Capital-backed noodle chain, has told M&C Report that like-for-like sales grew 3.4% in the year to 28 April 2013 and emphasised that there’s “considerable potential” for continued expansion
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Lfls up 8.4% at Essenden
Essenden has reported an 8.4% increase in sales for the 15 weeks to 12 January 2014, with trading over the six week Christmas and New Year period up by 8.5%
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NewsJack: Marston’s to have made good progress
A leading analyst has said that although Marston’s faces the hardest comps and has limited exposure to London, he expects the company to have made good progress over Christmas
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NewsJack raises JDW TP
Leading analyst Doug Jack has raised his Target Price for JD Wetherspoon, “reflecting stronger medium-term growth prospects”, ahead of its H1 results next Wednesday
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'Poor' on-trade hits Hop Back
Hop Back Brewery, the Wiltshire brewer, has cited poor national on-trade sales as the main reason for falling into the red in the year to 30 September 2013
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NewsM&G eyes more sector investments
M&G Investments, the investment fund that recently leant money to Hall & Woodhouse and Caffe Nero, expects to make more investments in the leisure and hospitality sector through its new fund, M&C Report has learnt.