Finance – Page 302
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News
Rollo predicts 10% EPS growth for Whitbread
Leading analyst Jamie Rollo predicts Whitbread will see its earnings per share grow 10% to 89.6p at its H1 results on 22 October, and says the shares need forecast upgrades
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Batram: Marston’s set for solid finish
A leading analyst has sauid that he expects Marston’s to report a solid finish to its financial year with good progress made on its disposal programme
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Richoux EBITDA grows 12%
Richoux, the AIM-listed restaurant operator, saw EBITDA grow from £660,000 to £740,000 in the 28 weeks to 14 July as it reiterated plans to secure new sites
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NewsJack upgrades Domino’s to Buy
A leading analyst has raised its recommendation for Domino’s Pizza to Buy following recent weakness, and said the group was in good shape with his only concern being a “slight slowdown in expansion”
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Rick Stein’s group reports FY sales decline
Seafood Restaurant Company, the business led by high-profile chef Rick Stein, reported a 4% decline in turnover to £14.6m in the year to 30 December 2012
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NatWest eyes extension to £150m leisure fund
NatWest would like to extend its £150m fund for small and medium leisure firms, around half of which has already been allocated 18 weeks after its launch
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NewsOrchid reports modest FY underlying growth
Orchid Pub Company has reported modest underlying growth across its c240-strong estate for the year to 31 December 2012, 12 months it decribed as “transformational”, whilst like-for-like sales are currently ahead by 3%
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Compass predicts 4% rise in FY revenues
Compass Group, the international caterer, says it expects to report a 4% rise in organic revenues in the year to 30 September after a “good performance” in Q4, despite a 3% fall in organic revenues in the Europe & Japan division
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NewsOrchid Carvery lfls grow
Orchid, the managed operator, is reporting a 5.8% rise in like-for-like sales across its 47-strong Great British Carvery sites
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Peel Hunt upgrades TRG
A leading analyst has upgraded his recommendation on The Restaurant Group’s shares to Buy on the back of increased visibility in the context of an expanding new site pipeline, combined with consistently high returns
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One in four Star pubs takes cut-price Sky deal
Almost one in four lessees of Star Pubs & Bars have signed up to the deal that offers 30% off Sky Ultimate if they stock specific Heineken products
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NewsM&B Q4 lfls down 1%
Mitchells & Butlers (M&B) has this morning announced a 1% decline in like-for-like sales for the nine weeks to 21 September, but said that it expected to deliver a full-year result in line with expectations
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NewsSheps: tenanted support, managed priorities, disposals, acquisitions
M&C Report takes a closer look at the full-year results for Shepherd Neame and talks to chief executive Jonathan Neame
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F&B lifts Network Rail retail lfls
Dining brands performed the strongest of all retail sectors at Network Rail-operated stations in the three months to the end of June, as Network Rail posted its best retail results for four years, aided by investments at key locations and favourable weather
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Collyer: Darby's M&B honeymoon 'over'
The market will be looking for concrete developments and targets from Mitchells & Butlers (M&B) to justify its rising share price, with the honeymoon period for chief executive Alistair Darby now over, leading analyst Geof Collyer has argued
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News
CCE FY turnover grows 1.7%
Coca Cola Enterprises (CCE), the UK arm of the soft drinks giant, has reported a 0.9% rise in pre-tax profits to £258.7m in the year to 31 December 2012 on turnover up 1.7% to £1.8bn
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NewsPunch FY in line; restructuring to start in final quarter
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with guidance, with like-for-like sales in its core estate up 0.4% in the fourth quarter and considers that a consensual restructuring of its business can be launched in the final three months of this year
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NewsShepherd Neame FY managed lfls grow 3.3%
Shepherd Neame, the Kent brewer and pub operator, has reported a 3.3% rise in like-for-like sales at its managed sites in the 52 weeks to 29 June and a “robust” performance of its tenanted estate, where like-for-like EBITDA fell 1%
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NewsTasty H1 PBT more than doubles
Tasty, the AIM-listed restaurant operator of the Dim T and Wildwood brands, saw pre-tax profits more than double from £360,000 to £787,000 in the six months to 30 June as it opened three more sites, taking its estate to 27 outlets
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NewsEncouraging lfl performance at DP Poland
DP Poland has reported an “encouraging” like-for-like sales performance for the 26 weeks to 30 June 2013, said that it had put its first sub-franchisee in place and developed a new store format to “deliver significant economies in both capital and operational expenditure”