Finance – Page 317
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Calco and Cal Management package marketed
A 78-strong package of pubs from the former Calco and Cal Management estates has been placed on the market, M&C Report has learnt.
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Westmorland secures £20m funding deal
Westmorland has agreed a £20m funding deal from the Co-operative Bank for its M5 project in Gloucester
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Pasty Presto secures funding package
Pasty Presto has secured a funding package to expand its chain of Cornish pasty shops
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Innventure on track for £1m FY EBITDA
Innventure expects EBITDA to be in excess of £1m in its current financial year
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Strong interest in Fat Cat sites
Strong interest has been shown in the package of six Fat Cat Café Bars placed on the market last month.
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Turtle Bay secures expansion funds
Turtle Bay, the Caribbean restaurant concept has secured funding, which will allow it to open 10 new restaurants.
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NewsJack upgrades M&B
Leading sector analyst Douglas Jack has upgraded his recommendation for Mitchells & Butlers to Add from Buy following a recent rise in its share price, despite an increase in its pension deficit.
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Quilvest not in Byron running
Up to five private equity firms are believed to have got through to the next round of bidding for Byron.
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L&G raises £67m leisure fund
Legal and General Property has raised £67m of capital for its latest leisure fund.
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Shaftesbury and Great Portland report rising demand
Two of the biggest property owners in London’s West End have reported rising demand for their properties.
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M&B lfls up 0.3%, identifies five market spaces
M&B has reported a 0.3% rise in like-for-like sales for the 28 weeks to 13 April and set out what it described as its ‘five-star’ approach to the market.
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FY lfls up 3.3% at Booker
Booker, the food and drink wholesaler, has reported a 3.3% rise in like-for-like sales in the year to 29 March, with non-tobacco sales up 4.5% on a like-for-like basis. Overall group revenue increased by 3.5% to £4.bn, while profit before tax climbed 13% to £101.4m. It said that sales to ...
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NewsSt Austell FY turnover tops £100m
St Austell Brewery, the Cornish brewer and pub operator, saw turnover exceed £100m for the first time in its history in 2012.
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Young's PBT up 13.1% in "exceptional" year
Young’s has reported a 13.1% rise in adjusted pre-tax profit to £28.9m in the year to 1 April 2013 in what it called an “exceptional” year.
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NewsMiller Brands grows revenue ahead of volume
Miller Brands increased its full-year revenues ahead of volumes that grew 4% in the 12 months to 31 March, managing director Gary Haigh has told M&C Report.
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NewsRollo: Weather to hit Whitbread restaurants
A leading analyst has said that he expects Costa to have seen strong trading (+3%) helped by the poor weather, when it gives its Q1 trading update on 18 June.
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NewsJamie Rollo on Spirit Pub Company
Jamie Rollo at Morgan Stanley takes a look ahead to the Q3 update from Spirit Pub Company.
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Britvic to combine GB and Ireland business
Britvic has announced plans to create a combined Great Britain and Ireland business under a single leadership team, which will see the closure of two factories in Britain and a warehouse in Northern Ireland.
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Analyst positive on SABMiller
Leading analyst Anthony Geard has reiterated his Hold recommendation for SABMiller, the global brewer, following its full-year results this week, saying the “overall feel” of its results is “very solid” despite falling marginally short of his estimates. Geard, of Investec, increased his Target Price to “reflect some FX moves and ...
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NewsYoung's: rebrand, bonuses, expansion, events
M&C Report takes a closer look at the full-year results to 1 April for Young’s, and speaks to chief executive Stephen Goodyear.