Finance – Page 296
-
News
Ideal launches new build Boat House Cafe
Ideal Collection is opening its seventh site in Chichester, West Sussex next week (15 November)
-
NewsJDW raises openings target; Q1 lfls rise 3.7%
JD Wetherspoon, the managed pub operator, has increased its full-year openings target to between 40 to 50 as it reported a 3.7% rise in like-for-like sales in the 13 weeks to 27 October, with a slight dip in operating margin
-
NewsThwaites H1 PBT grows 24.5%
Daniel Thwaites, the Lancashire brewer and pub operator, saw pre-tax profits rise 24.5% to £4.9m in the six months to 30 September and said it has witnessed an improvement in consumer confidence
-
NewsCollyer: Muted lfl growth at JDW expected
A leading analyst has said that he expects JD Wetherspoon to report muted like-for-like growth when it updates on first quarter trading tomorrow and that he continued to believe the key for the company is to deliver margin improvements and grow the FCF and dividends
-
NewsPunch gears up for restructuring
Punch Taverns has said it will announce a revised restructuring proposal during the first week of December 2013 with the broadest level of support achievable at that time and will then formally launch the implementation of that restructuring proposal shortly thereafter
-
NewsSpirit completes refinancing
Spirit Pub Company has announced the results of its debt re-profiling, achieving its desired target of securing participating levels of 70% for A1 bondholders and 50% for A3 bondholders, which should free up c£53m of cash for expansion
-
News
Tokyo Group targets acquisitions
Tokyo Group, the bar and nightclub operator led by Aaron Mellor, says it’s targeting further acquisitions during the current financial year
-
News
3Sixty ends sale talks
3Sixty Restaurants, the group led by James Horler and backed by Luke Johnson, has terminated sale talks because it did not believe that the figures put forward reflected its current performance
-
NewsFrench: Extension of opening hours at JDW will be a success
A leading analyst has said that JD Wetherspoon’s decision to extend is food serving hours to 11pm will prove another successful strategic move at a time of “ongoing flux amongst the competition”
-
NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks to ahead to the full year results from Enterprise Inns, which are due on 19 November
-
News
Friska receives funding boost
Friska, the Bristol-based healthy fast-casual restaurant chain, plans to open an additional three sites over the next two years, after securing new funding
-
NewsM&C20 underperforms against FTSE
The M&C20 suffered a decline this week, down 1.2% to 1,149.95 - a fall that wiped £127m off the value of the 20 companies represented in the index
-
NewsJack expects JDW to outperform lfl estimates
Leading analyst Douglas Jack says he expects JD Wetherspoon’s like-for-like sales to be ahead of his full-year forecasts at its Q1 interim management statement on Wednesday, adding that the “main sensitivity continues to be margins”
-
NewsRollo: Consolidation of managed sector would make sense
A leading analyst has said that he thinks consolidation in the managed pub sector would make a lot of sense
-
News
Leisure sector gears up for IPOs
The first significant moves in what is expected to be a return of IPO action in the leisure sector were made yesterday, with Merlin Entertainments valued at between £2.8bn and £3.3bn for its upcoming flotation and Everyman Cinema at £30m
-
NewsStarbucks warns on 2014 profits
Starbucks has warned that profits for its next year will fall below expectations despite reporting a 13% rise in net revenues to $3.8bn in Q4
-
NewsJack: Spirit buoyed by Flaming Grill Lite
Leading analyst Douglas Jack has issued a Buy recommendation for Spirit Pub Company, highlighting its “attractive growth prospects” and pointing out that trials of its Flaming Grill Lite offshoot are achieving double the company’s return hurdle rate
-
NewsExcellent summer lifts AB InBev UK
AB InBev has reported a 4.2% rise in volumes including cider in the UK in Q3, citing the impact of the “excellent summer weather”
-
News
C&C Group sees improving UK cider trends
C&C Group, the Irish producer of Magner’s cider, saw a slowing of the volume decline in its UK cider business in Q2
-
NewsCollyer raises Spirit TP following 'cunning plan' on debt
Spirit Pub Company’s “cunning plan” to announce a debt re-profiling could and should free up much needed cash for investment before a probable refinancing in 2018, according to a leading analyst