Finance – Page 79
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NewsFuller’s: ‘We are rebuilding well’
Fuller’s reports a strong set of financials for the first half of FY22, with a return to profit and the resumption of its dividend.
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NewsYo! explores private takeover
Snowfox Group is reported to have asked advisers to canvas interest from bidders following a number of takeover approaches
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NewsClean Kitchen Club raises £1.4m
The vegan QSR brand aims to open up to 40 new sites across the UK in the next few years, beginning with a larger flagship restaurant in Soho that will launch early next year
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NewsRevolution to launch fourth brand
The news came with the announcement for annual pre-tax loss of £26.3m compared with a loss last time of £31.7m in the 53 weeks to 3 July.
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NewsTRG increases forecasts
The revision comes off the back of “market outperformance” in like-for-like sales in recent months at Wagamama, and its pubs and leisure businesses
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NewsNightcap ‘really pleased’ with post lockdown performance
Nightcap has seen record trading in recent weeks, with the bar group looking to accelerate its pipeline despite deepening pre-tax losses.
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NewsAdvisors appointed for Burger King UK float
Burger King UK’s backer Bridgepoint has appointed Bank of America and Investec to advise on the floatation of the fast-food giant, during the first half of 2022
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Analysis & InsightStrong winter trading will boost M&A activity in Q1
A number of longer-term trends are proving more attractive to investors now than pre-Covid, according to Graeme Smith at AlixPartners
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NewsTim Martin: Wetherspoon still a broad church
The Wetherspoon chairman has shrugged off a disappointing trading update, telling MCA he hopes the legacy of the pandemic will be “temporary, not permanent”
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NewsYoung’s: ‘Well positioned for long-term growth’
Pub operator Young’s has reported ‘strong trading’ as a result of last year’s capex programme and consumer demand.
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NewsBankers boosting sales at Pret
City workers are returning to their offices at rates outstripping Paris and New York if Pret’s sales are anything to go by.
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NewsDraught ales and breakfast sales down at Wetherspoon
JD Wetherspoon has seen like-for-like sales down 8.9% for the first 15 weeks of the financial year to 7 November 2021.
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News‘Businesses need to be resilient and robust’
Specialist investors have been busy within the sector but there is a need for banks and generalist private equity players to return to market, heard delegates at MCA’s Restaurant Conference
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InterviewsShepherd Neame: ‘No shortage of opportunities to invest’
After major capex projects were put on hold during the pandemic, chief executive Jonathan Neame is eager to up investment
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NewsJonathan Neame: ‘Pubs every bit as core to British life’
Shepherd Neame has reported a full year loss before tax of £16.4m, but reported strong trading since reopening.
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NewsDaisy Green ‘bigger, stronger’ than ever
The Australian all-day cafe group has launched a £2m Seedrs campaign, with more than £1.7m already committed.
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NewsCorbin & King: Life is easier with 100% control
Co-founder and CEO Jeremy King has spoken of the difficult relationship with his investors, saying life was “utopian” when he had control over his own restaurant group.
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NewsPortobello acquires 12-strong pub package
The Zetland Capital backed platform has announced the acquisition of 12 freehold pubs across the London villages and suburbs
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NewsCorbin & King reportedly considering new backers
The restaurant group behind The Wolseley is understood to be in talks with other parties after disagreeing with Thailand-based Minor Hotels on the investment strategy for its restaurants.
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NewsYO! Sushi owner puts £750m stock market float on ice
Snowfox Group, the company behind the sushi chain YO! has halted plans for a £750 million stock market listing amid growing unease around public listings among investors.