Finance – Page 297
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NewsEurope drives Q3 growth at Burger King
Burger King has reported a 0.9% rise in global comparable sales in its third quarter, driven by positive comparable sales growth in Europe, Middle East and Africa (EMEA)
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Imbiba to launch third fund
Imbiba, the investment vehicle led by John Connell, is set to launch its third London Bar and Restaurant EIS Fund, after raising £4.5m through its fundraising round
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D&D develops pipeline; lfls up c4%
D&D London plans to start remodelling its UK estate in the New Year and has a number of restaurant and hotel potential projects for both 2014 and 2015 “bubbling under”
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NewsC&B sells Cabin to SSP after strategic review
Corney & Barrow (C&B) is to refocus on its core bar brand after a strategic review of its estate, which has seen the sale of the Cabin, its transport hub concept site at Waterloo Station, to SSP
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Eclectic plans IPO
Eclectic Bars, the Avanti Capital-backed bar and club operator led by Reuben Harley, is preparing a £20m float on the Alternative Investment Market (AIM), which if successful would make it the first pub or bar business to float since Capital Pub Company in 2007
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H1 lfls up 8.5% as Las Iguanas
Las Iguanas, the Bowmark Capital-backed chain, has reported an 8.5% increase in like-for-like sales for the six months to the end of September and reiterated plans to expand internationally next year
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NewsSmall cap gains boost M&C20
A second consecutive week of share price gains for leisure sector PLCs helped push the M&C20 index up 1.0% to 1,164. But it wasn’t enough to outperform the FTSE all-share, which grew 1.7% to a new high of 1,041
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Krispy Kreme UK reports FY loss
Krispy Kreme UK, the Alcuin Capital Partners-backed doughnut retailer, reported a pre-tax loss of £2.8m for the year to 31 January 2013 against a £1.3m profit in 2011
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Field open for TRG to accelerate expansion
A leading analyst has suggested that The Restaurant Group (TRG) can take advantage of issues surrounding its peers to follow through with an accelerated openings programme and double the size of its estate over the next eight years
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NewsAnalyst corner
Sahill Shan at N+1 Singer looks at Greene King and says that he sees 2014 being a busy year strategically for the brewer and pub operator, as it builds on the underlying trading momentum across its key managed pub formats
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Papa John's GB FY turnover grows 23.9%
Papa John’s GB, the fast-growing pizza delivery chain, saw turnover rise 23.9% to £28.4m in 2012 as its estate increased from 176 to 212 outlets
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NewsEclectic FY EBITDA grows 2%
Eclectic Clubs & Bars has reported a 2% rise in EBITDA to £2.9m in the year to the end of June and reiterated plans to add two or three sites per year
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Pernod Ricard Q1 hit by tough comps
Pernod Ricard, the global wine and spirit producer, has reported a 1% decline in organic net sales to €2,013m in Q1 2013/2014, with sales affected by difficult comparatives, a slowdown in emerging markets and an “unfavourable” product mix
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Tighter controls on crowdfunding expected
Tighter regulations on the crowdfunding and peer-to-peer lending industry are set to be announced today, according to The Independent
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NewsCollyer downgrades Whitbread but sets out growth path
A leading analyst has downgraded his recommendation on Whitbread from Buy to Hold, but laid out a path of how the company’s shares could rise by 85% more than their current value through its growth plan
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NewsFrench downgrades Spirit EPS estimates; upbeat on debt move
Leading analyst Simon French has downgraded predictions for Spirit Pub Company’s earnings per share during this year and next following the group’s full-year results on Tuesday, although he was upbeat about the potential impact of its proposed debt reprofilingspirit
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NewsPizza Hut UK FY operating losses narrow
Operating losses for the 330-strong firm, which last week announced a £60m investment estate programme, were £4.7m last year, against £12.4m in 2011, according to The Telegraph
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Lending to businesses reaches four-year high
Lending to businesses grew at the fastest rate in four years last month, fuelling hopes that government schemes may finally be starting to gain significant traction
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NewsBrewDog reports record growth for 2013
BrewDog has reported a fifth consecutive year of record growth and said it was on track to turnover £20m, up from £12m in 2012. The company, which will unveil a new £5m expansion of its Ellon brewery later this month, said it plans to open nine new bars in the ...
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Investors target food operators at c£30m auction
Commercial property investors showed a particular appetite for food outlets at the Acuitus October auction, which saw a total of £29.08m of assets being sold