Finance – Page 307
-
NewsYO! seeing consistently strong lfls
Trading across YO! Sushi, the Quilvest-backed, Robin Rowland-led chain, this year has been a strong improvement on a “flat 2012”
-
OpinionFrench raises Spirit TP
Leading sector analyst Simon French has “strongly reiterated” his Buy recommendation for Spirit Pub Company and raised his Target Price for the firm from 93p to 110p
-
NewsCote deal on-going
Cote remains in discussions with private equity group Bridgepoint regarding a c£100m sale, despite speculation that the deal has been “parked” until later this year
-
News
Aston Manor reports strong profit and sales growth
Aston Manor Brewery, the Birmingham-based cider maker, saw pre-tax profits rise from £1.6m to £2.7m in 2012 as it reported a sixth successive year of double-digit growth
-
News
Jack: TRG will be weaker in H2
Leading analyst Douglas Jack has predicted that H1 results for The Restaurant Group (TRG) will be stronger than in the second half, which would have been hit by the good weather and tough comparatives
-
NewsRollo: Costa performance to be weaker
A leading analyst has said that he expects Whitbread to report a 3% increase in like-for-like sales growth in its second quarter
-
News
Rollo: Enterprise share price can double
A leading analyst has said that if improving pub trends, growing financing availability for its non-core pub disposals, and a robust economy combine to drive increased market confidence in Enterprise Inns’ asset value, the company could see its share price double
-
NewsAnalyst corner
Jamie Rollo at Morgan Stanley looks ahead to the full-year results update from JD Wetherspoon, which is due on 13 September. He says that he is encouraged by signs of operating margin stabilisation but thinks the share price fully reflects JDW’s position for now
-
NewsM&C20 underperforms against the FTSE
The M&C20 underperformed against the FTSE All Share this week as both lists experienced a decline. The FTSE All Share was down just under 15 points, or 1.5%, to 1,000.78 this week, while the M&C20 fell by 24 points, or 2.1%, from 1,157 to 1,123.
-
News
Cineworld H1 PBT up 24.1%
Cineworld, the UK’s largest cinema operator by market share, has reported a 24.1% increase in pre-tax profit rose 24.1% for the 26 weeks to 27 June rose to £16.5m
-
News
Fulham Shore confident in the year ahead
Fulham Shore, the new restaurant venture from ex-Clapham House Group chairman David Page, has reported a loss of £125.2k for the year to March 2013
-
News
Gross margins fall 14.3 pps since 2007
Leading analyst Simon French estimated that theoretical gross margins for operators have fallen by 14.3 percentage points since 2007, with food inflation cited as a reason
-
News
Moorhouse's turnover rises 18%
Moorhouse’s, the Lancashire brewer and pub operator, saw sales continue to rise last year, with turnover up 18% to £4.5m in the 12 months to 30 September 2012
-
News
French downgrades Whitbread
Analyst believes Costa and Premier Inn will reach saturation in the UK earlier than anticipated, while ROIC at Whitbread Hotel & Restaurants is static
-
News
Jack: Cineworld to outperform market
A leading analyst has said that he expects the cinema market’s attendance to be flat, but that Cineworld should outperform
-
NewsStonegate completes Living Room acquisition
Stonegate Pub Company has completed the acquisition of 13 Living Room sites from Premium Bars & Restaurants (PBR) in a deal thought to be valued at around £10m
-
News
Living Ventures in Gusto funding talks
Living Ventures, the north west-based restaurant and bar group, is in talks to secure new funding to roll out Gusto, its high street Italian restaurant brand
-
News
Pembroke backs La Bottega rollout
Pembroke, the venture capital trust, which was launched earlier this year, has backed the £5m management buyout of La Bottega, the London-based chain of upmarket Italian delicatessens
-
News
Chameleon PBT falls 23.2%
The northern England-based pub operator saw full-year pre-tax profits fall 23.2% to £84,242 and revealed that wet income now accounts for less than half of its sales
-
NewsCharterhouse EBITDA grows 50%
Pre-tax losses narrow for the Coal Grill and Bar operators as it confirmed plans to open five more sites over the next few years