Finance – Page 90
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Analysis & InsightMixed reactions from analysts on Domino’s update
Domino’s like-for-like (lfl) sales and order growth in Q1 has been met with a mixed reaction from analysts.
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NewsOakman outperforms the market
The Oakman Group has reported an excellent first full week of trading since customers were allowed to return to outdoor-only service.
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NewsDomino’s like-for-likes up 18.5%
Domino’s Pizza Group has reported periods of “exceptional sales”, with like-for-like system sales up 18.5%.
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NewsHospitality battles over insurance pay outs in court
Several high-profile hospitality groups, including Corbin & King and Black & White Hospitality, are turning to the courts in order to escalate long-running battles over pay-outs from business interruption insurance schemes, the Financial Times has reported.
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NewsShepherd Neame swings to loss
Shepherd Neame has reported a fall in turnover to £55.3m for the six months to 26 December 2020, from £79m for the comparable to the first half of 2020.
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NewsHammerson: Footfall 80% of pre-pandemic
Landlord Hammerson has reported 90% of operators in its UK estate are currently able to trade, with footfall is “competitive with pre-pandemic levels”.
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NewsThe Alchemist refinances loans
The Alchemist has received a new injection of capital after completing a refinancing of its banking facilities and shareholder loans.
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NewsUpham keen to impress investors following turnaround plan
Upham Group has said it is a strong financial position following the take-up of support offered during the pandemic, including a £1.4m CBIL, and a restructure of its operations, and keen to impress its investors.
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NewsIssas buy up Nero debt
The new owners of Leon are close to taking control of Caffe Nero after buying up the coffee chain’s debts, The Telegraph reports.
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NewsEG Group acquires Leon
EG Group, the forecourt retailer and fast-food operator, has acquired Leon Restaurants.
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Analysis & InsightDifferentiation is key to a successful rollout
The ability to provide a differentiated experience is key to a successful rollout, and one that Loungers is able to offer, according to analysts Berenberg.
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NewsDeliveroo must prove itself to the market, says Shu
Deliveroo’s founder and chief executive Will Shu has said his message to shareholders and the wider investor community is “it is on me to prove the long-term value of this company”.
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NewsRosa’s Thai plans five to six per year
Trispan-backed Rosa’s Thai has said it expects to open five to six new sites each year, while also pursuing opportunities to operate delivery-only cloud kitchens as it continues with its expansion plans.
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NewsHawthorn eyes standalone status with IPO
Community pub company Hawthorn has announced plans to list on the stock market and will explore the potential for an IPO following a strategic review.
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NewsAdmiral Taverns sees profits down by a third
Admiral Taverns has achieved an underlying operating profit of £11.1m, down from £17.2m in 2019, for the 52 weeks to 30 May 2020.
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NewsSessions secures new investment
Sessions Market has appointed Sourced Market founder Ben O’Brien as chief operations officer and secured a new round of investment from Perscitus.
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NewsSoho House submits confidential filing for US IPO
Private members club group Soho House has submitted a confidential filing for an IPO in New York, which could see it valued at more than $3bn (£2.1bn), according to Sky News.
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NewsLoungers agrees extension to £15m bank facility; updates on openings
Loungers has announced that its lending banks have approved a 12-month extension to the incremental £15m revolving credit facility (RCF) that was place in place in April 2020.
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NewsLoungers set to ‘explode out of the blocks’, says analyst
Analyst Liberum has said it expects Loungers to “explode out of the blocks” once sites reopen, following the announcement by the operator this morning that it intends to resume its fast-pasted opening rate once restrictions are lifted.
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NewsDeliveroo’s share bounce back despite strike action
Deliveroo’s share value bounced back four percent this morning after all of its issued shares were admitted for trading on the London Stock Exchange, despite planned strike action by riders today.