Finance – Page 91
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NewsChop’d invests in tech
High street salad chain Chop’d has invested £110k in digital developments ahead of the reopening of its sites next Monday (12 April).
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NewsTasty banks on further landlord support as losses widen
Tasty is negotiating with landlords in a bid to avoid implemented a CVA or similar formal procedure, as the impact of lack of trading continues to impact its financial position.
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NewsMarston’s looks to reopen 70% of estate next week
Marston’s has said it is planning to reopen 70% of its estate in England from 12 April, and subject to regulatory confirmation, the majority of our Scottish and Welsh pubs on 26 April.
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NewsDeliveroo IPO an ‘absolute disaster’
It was billed as the biggest London listing of the last ten years, Chancellor Rishi Sunak hailing the delivery company as a “true British tech success story”.
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NewsFuller’s to raise £53m
Fuller’s has announced a share placing to raise around £53m, which will strengthen its balance sheet and liquidity position in preparation for a strong reopening.
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NewsStonegate to sell 42 pubs to RedCat
Stonegate has confirmed it has agreed to dispose of a package of 42 pubs to RedCat Pub Company for an undisclosed sum. The acquisition is expected to complete in the Summer.
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NewsAnglian anticipates ‘huge demand’
Anglian Country Inns is forecasting a “very good year” and hopes to be able to pay off its debts towards the end of this year, or early next, before returning to growth mode.
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NewsDeliveroo to float at lower valuation
Deliveroo is reported to have slashed almost £1bn from the top end of its forthcoming initial public offering (IPO) to £7.6bn-£7.85bn.
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NewsRedCat to buy 40 Stonegate pubs
Former Greene King CEO Rooney Anand is set to buy 40 pubs from Stonegate as part of a first acquisition for his new investment vehicle.
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Analysis & InsightInvestor view: ‘Huge availability of property’ coming
Investment hunger for food-to-go opportunities will build post-pandemic and focus on category leaders and the strongest operators, MCA’s Food To Go conference has heard.
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NewsBrighton Pier Group downsizes bar estate
Brighton Pier Group has permanently closed three marginal sites from its bar division, previously known as Eclectic.
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NewsDomino’s sells Iceland business for £13.7m
Domino’s Pizza Group has agreed to sell its Iceland Business, Pizza Pizza, for about £13.7m to a consortium-owned investment vehicle.
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NewsDeliveroo gets thumbs down from more fund managers
Legal & General Investment Management and M&G have joined the list of fund managers who have said they will not be buying shares in Deliveroo when it goes public next week.
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NewsDrake & Morgan sees profits dip in run up to lockdown
Drake & Morgan is hoping to rebuild the London-based bar and restaurant group with the easing of Covid-related restrictions.
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NewsSeedrs and Crowdcube merger scrapped
Seedrs and Crowdcube have ditched a merger that would have created a crowdfunding powerhouse.
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NewsPho has ‘competitive advantage’ in post-pandemic landscape
Pho, the Vietnamese restaurant group, is confident it can return to its expansion strategy once restrictions are lifted and the business has stabilised.
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NewsAviva shuns Deliveroo over riders’ rights
One of the UK’s largest fund managers will not buy shares in Deliveroo when it goes public because of concerns over the rights of its delivery riders.
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NewsCineworld secures ‘significant liquidity buffer’ after major losses
Cineworld has raised $213m (£155m) convertible bond to cope with the continued disruption of Covid-19.
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NewsGlendola Leisure secures additional £6m banking facilities
Glendola Leisure’s parent company has obtained additional facilities of £6m from its banking partner, as part of a refinancing arrangement which also sees the extension of its existing £26.7m facility.
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Analysis & InsightHow UK pubs became the focus of a global investment frenzy
The Great British Pub has become the subject of fervent interest from international investor groups looking for operational real estate. But is the sector as distressed as these funds believe?