All MCA Insight articles in September 2014 – Page 14
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NewsHeineken: sale to SABMiller is “non-actionable”
Heineken has dismissed the prospect of being acquired by SABMiller, describing the latter’s takeover proposal as “non-actionable”.
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News
Chapel Down raises further £440k
Chapel Down, the Kent-based winemaker and brewer has raised an additional £440,000 through a new share placing, to go alongside its crowdfunding scheme, taking the total sum raised to £2.4m
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NewsGreggs FY profits 'to exceed expectations' as lfls rise
Greggs, the bakery chain headed by Roger Whiteside, has reported a significant improvement in recent trading with like-for-like sales up 5.4% for the 11 weeks to 13 September, and said it expects full-year profits to be “materially ahead of our previous expectation”.
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OpinionRisking it regionally
The race for operators to spread out of London and the south-east is well and truly on. Does that run the risk of regional property bubbles being formed during the next 12 to 18 months?
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NewsPing Pong FY lfls grow 3.9%; losses widen
Ping Pong, the London-based dim sum chain, saw like-for-like sales rise 3.9% in the year to 30 March 2014 although pre-tax losses widened from £295,606 to £1.5m
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NewsJDW: new sites, Ireland, VAT, property, Scotland
M&C Report takes a closer look at the full-year results for JD Wetherspoon to 27 July from a presentation by chief executive John Hutson and finacial director Kirk Davis
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Analysis & InsightYounger diners driving growth in eating out sectors
The eating out market is emerging from the recession with growth in value of 2.8% last year, the highest level of growth since the start of the recession, with younger diners driving the expansion
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NewsScottish independence fears hit M&C20
The threat of Scottish independence rattled the markets this week as the FTSE All Share fell 0.8% (down some 9 points to 1,057) and the M&C20 suffered a fall of 1.7% (down 21 points to 1,198). Friday has seen the UK markets recover somewhat as fears of a ‘Yes’ vote subside as more poll data is released
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Analysis & Insight
Diners happy to pay more for sustainability
Almost half of consumers will happily pay more when eating out at restaurants where there are clearly set out ethical practices, according to new research which found 46% of people will pay a premium
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NewsTossed's McKevitt: London property prices make expansion difficult
Vincent McKevitt, founder of London-based salad bar concept Tossed, has told M&C Report it would be a “big task” to reach its target of 75 to 100 sites in the capital due to steep property prices
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NewsGreggs trialled at Spar
Greggs is to be trialled in a number of Spar outlets under a franchise deal, according to M&C Report’s sister title Convenience Store
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Interviews
Five-minute Friday interview - Martin Williams, former Gaucho MD
M&C Report talks to Martin Williams, former managing director of Gaucho who recently started his new restaurant venture called M, about his best investment, his best business decision and the best piece of advice he’s ever received
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NewsRollo raises Whitbread EPS forecast
Leading analyst Jamie Rollo has increased his earnings per share (EPS) forecast for Whitbread by 1-2% following “another strong trading update” on Tuesday
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NewsTwo more for Yoghurt & Chocolate House
The Yoghurt & Chocolate House, the dessert bar and cafe concept that operates c120 stores in India, has secured a further two sites in London and signed up a new franchisee for the Northamptonshire region, M&C Report has learnt
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NewsImbiba launches Brooklyn inspired bar group
Imbiba Partnership, the investment company behind Drake & Morgan and Hamilton & Bond, is launching a new concept called Ruth & Robinson to roll out seven bars inspired by Brooklyn, New York, M&C Report has learnt
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NewsSubway builds Welcome Break presence
Subway is to open another site with Welcome Break, on the South Mimms services in Hertfordshire, M&C Report has learnt
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NewsCamerons to sponsor Hartlepool United FC
Camerons, the Hartlepool-based brewer and pub operator, has announced a new partnership with Hartlepool Untied Football Club to become stand sponsors and official beer supplier to the club
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NewsAnalyst corner - Sahill Shan on Greene King
Sahill Shan of N1 Singer upgrades Greene King from Sell to Hold, saying he does not believe that its “disappointing” AGM update this week is a “fundamental setback” for the brewer and pub operator
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News
Molson Coors recognised for ethical practices
Molson Coors Brewing Company has made it to the list of global companies recognised for their commitment to sustainability and responsible practices for the fourth consecutive year
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OpinionProper food that’s going places
Chop’d was founded in 2004 on the principles of offering busy people the choice of healthy food on the go. Ten years and nine stores later, Ruth Williams finds co-founder and chief executive Eddie Holmes is preparing to roll-out three formats of the store that embody those principles