Finance – Page 300
-
NewsGreggs sets capex target
Greggs is looking to have a capex spend of between £40m and £45m each year for the next few years across its c1,700-strong estate as it looks to restore like-for-like sales growth
-
News
Caprice Holdings FY EBITDA static
Caprice Holdings, the restaurant group led by Richard Caring, has reported a static EBITDA of £8.6m in the year to 30 December 2012 although like-for-like sales fell 1.2%, with the company citing the “negative impact” of the Jubilee and Olympics on its West End and Mayfair sites
-
NewsCollyer downgrades forecast for Marston's
Leading analyst Geof Collyer has downgraded his forecast for Marston’s after its update yesterday, saying the company has a “dull medium term outlook relative to most peers”
-
NewsYum! Q3 UK sales rise 1%; cuts growth estimates
Yum! Brands has reported a 1% rise in UK system sales in the three months to 7 September, although “weak results” in Pizza Hut UK and across Japan were cited as the reason for a 1% decline in same-store sales in international developed markets
-
NewsGreggs lfl decline narrows
Greggs, the bakery chain, has reported a narrowing of its like-for-like sales decline in the 13 weeks to 28 September and said the “re-shaping” of its estate is ahead of plan so it expects no increase in net shop numbers
-
News
Vianet results suffer as pub industry waits for statutory code ruling
Uncertainty surrounding the Government’s proposed Statutory Code for pub companies is casting a shadow over beer flow monitoring firm Vianet, the company reported in a trading update today - warning that full-year profits will be down circa 10%
-
News
Losses widen for Fire & Stone operator
CG Restaurants and Bars, operator of the Dirty Martini and Fire & Stone brands, saw losses widen from £396,000 in 2011 to £1.6m in 2012 despite seeing turnover grow 45% to £12.6m
-
NewsMarston’s to accelerate new builds after strong second half results
Marston’s is accelerating its new-build programme after reporting an “encouraging” performance in the second half of its financial year, helped by good weather and strong sales in its Destination and Premium pubs
-
NewsH&W PBT and sales grow in 'important' year
Hall & Woodhouse, the Dorset brewer and pub operator, says it has facilities of £60m in place for potential acquisition opportunities as it reports a rise in sales and profits in an “important” year
-
News
Baa Bar FY lfls fall 7.8%
Baa Bar, the 11-strong Liverpool-based bar operator, has reported a 7.8% fall in like-for-like sales in the 12 months to 30 April
-
News
G1 buys tenanted vehicle outright
The move is revealed in G1’s full year results that show full-year operating profit - including its tenanted subsidiary - grew 18.6% to £10.4m. Turnover increased 11.2% to £66m and EBITDA was £16.3m
-
News
Wellington PBT falls 27.2%
Wellington Pub Company, the free-of-tie leased pub operator, has reported a 27.2% fall in pre-tax profits to £6.7m in the year to 31 March 2013
-
Opinion
Carlsberg UK grows market share, turnover dips
Carlsberg UK increased its UK market share in 2012 from 15% to 15.3%, driven by a “notable increase in the on-trade”, as turnover dipped 0.5% to £994.5m
-
NewsJohnson: On verge of revival in IPO market
If the revival of the IPO market continues, the sector could see up to 10 restaurant companies go public over the coming 18 months, according to serial investor Luke Johnson
-
NewsAnalyst corner
Simon French, analyst at Panmure Gordon, looks ahead to Marstons’ pre-close interim management statement next Wednesday (9 October)
-
NewsM&C20 suffers third consecutive decline
The M&C20 suffered its third consecutive decline this week, down 2.3% to 1,122 - a fall that wiped £240m off the value of the 20 companies represented in the index
-
NewsFY EBITDA doubles at Leon
Leon has reported that EBITDA for the year to the end of 2012 more than doubled from £442k to £920.5k, in a period in which it opened two new stores
-
News
Gala Coral 'eyes bingo club sale'
Gala Coral Group is due to put its 140-strong chain of bingo clubs up for sale for between £250m and £300m, according to The Times
-
News
Black Sheep reports full-year loss
The North Yorkshire brewer sold almost 6,000 fewer barrels to national pubcos in the year to 31 March 2013 as it endured a “perfect storm” of negative factors
-
NewsMcDonald's UK PBT grows 14.5%
McDonald’s UK saw pre-tax profits grow 14.5% to £202.2m in 2012, in what it called “sound results in a difficult business climate”