Finance – Page 71
-
NewsBrasserie Bar Co ready to exploit opportunities
The White Brasserie and Brasserie Blanc operator is now “exceptionally well capitalised” following its sale to Alchemy
-
NewsFulham Shore expecting profit to exceed expectations
The group, which operates Franco Manca and The Real Greek restaurants, is forecasting revenue and EBITDA above pre-Covid levels with 18 new sites planned for this year
-
NewsStarbucks turnover up 35%
The UK business, which reported profits of £7.9m in 2021, said its recovery had been driven by strong drive thru and delivery sales
-
Analysis & InsightDeliveroo CEO disappointed with share price since listing
In its first annual report since the delivery company listed last year, founder and CEO Will Shu admitted share price performance had been “poor”
-
NewsTrading growing steadily at Barkby
Barkby Pubs saw strong trading between July and September 2021, with record revenue and profits for that quarter, and is looking for further acquisition opportunities
-
NewsShepherd Neame achieves ‘strong rebound’ in sales
The brewer and pub operator, which announced the issue of its first dividend since October 2019, said most of its London pubs were now trading at near normal levels
-
Analysis & InsightBerenberg: ‘TRG’s growth outlook is best-in-class’
The analyst said that despite facing significant cost inflation this year, it thinks TRG can still outperform consensus earnings expectations
-
NewsDrake & Morgan sees strong return to trading
The bar and restaurant group has seen a strong return to trading levels since the removal of Plan B restrictions at the end of January, as it recovers from a tough FY21 financial year.
-
NewsBrighton Pier Group reports ‘very strong’ H1 performance
The family entertainment group’s bar division traded ahead of expectations, achieving revenue of £6m, vs. £0.7m in 2020
-
NewsStonegate to press ahead with capex programme
Chief executive Simon Longbottom said the group is “in great shape” and that its conversions to its managed estate are delivering promising results
-
NewsTasty ‘cautiously optimistic’ about estate expansion
The operator of Wildwood and dim t restaurants said it expects to open around five to six new units this year, in a “measured expansion plan”, following a profit turnaround last year
-
NewsCity Pub Group sells pub package to Portobello Starboard
The five pubs on the South Coast of England, including three in Brighton, were sold for £16.2m
-
NewsMowgli reports ‘extremely strong trading’
The Nisha Katona-led restaurant group said like-for-likes remained materially above pre-Covid levels across all segments of the business, since the full lifting of restrictions last July
-
NewsWetherspoon reports ‘more normal trading patterns’
Chairman Tim Martin said after a traumatic two years, sales had improved in recent weeks, and were down just 2.6% in the three-week period to 13 March 2022 compared to 2019
-
NewsSoho House accelerates expansion
Founder Nick Jones said “unprecedented demand” had given the group confidence to increase its openings to eight-ten new sites per year
-
NewsMinor International prepares action against Jeremy King
Sky News reports Thai-based Minor is bringing two legal cases in the battle for control over Corbin & King
-
NewsRed Oak has ‘significant capital’ following recapitalisation
The business completed five portfolio acquisitions in 2021, with the refinancing enabling it to enter the next stage of its acquisition programme
-
NewsTRG making ‘good progress’ against strategic objectives
Its Wagamama and Pubs divisions have continued to outperform the market since the year end, with a strong pipeline of openings for both businesses, TRG said in its full year results to 2 January 2022
-
NewsPrezzo vacated 30 sites after pre-pack
The majority of the business was sold in February 2021 to a vehicle owned by Cain International for £5.04m in a pre-pack administration
-
NewsState of Play secures $35m of growth capital
The operator of Bounce ping pong venues, and modern bingo concept Hijingo, is looking to accelerate its expansion in Europe and the US, including the roll-out of Flight Club which it operates under licence in North America