Tag Archives: Financial

Greggs carries out 145 shop openings and 208 refits in one year

Greggs carries out 145 shop openings and 208 refits in one year

High-street bakery chain Greggs’ fourth quarter trading update for its 2016 financial year, ending 31 December 2016, has revealed the company grew its business 7% last year, with company-managed shop like-for-like sales increasing 4%. The company also disclosed that it has undertaken 145 shop openings and 208 refits over the past 12 months. Sales over

Pub group Marston’s untroubled by spectre of higher input costs

Pub group Marston’s today said it has no plans to lower its financial forecasts as it has forward contracts in place to mitigate any impact of currency fluctuation on supply chain costs. Despite one of the most turbulent six months the British economy has ever seen, the company said there had been “no material changes”

Nisbets posts trading profit of £31m on back of record sales

Financial results published by Nisbets reveal that the catering equipment supplier banked a trading profit of £31.2m last year, a 9% improvement on the previous 12 months. The Bristol-based outfit, which earlier this month announced the takeover of Space Catering, said the healthy profit came off the back of a strong year of sales growth.

Lawyers that helped chain secure £1.8m funding warn of legal hurdles

Lawyers that stepped in to secure £1.8m worth of financing for a budding restaurant chain have spoken of the pitfalls that operators face in securing the right funding. Specialist corporate finance law firm Moore Blatch recently helped Rosa’s Thai Cafe, one of London’s fastest growing restaurant chains, gain new £1.8m banking facilities as part of

Report predicts restaurant chains most likely to be sold

A number of the market’s leading restaurant and food-to-go chains are tipped to change hands this year, although analysts insist pricing for any  transaction activity will “not be excessive”. In its latest Restaurants & Bars report, business advisory firm BDO said the roll-out potential of numerous chains would attract significant interest from buyers. Kieran Lawton,

Restaurant sector lifted by rise in disposable incomes

The volume of restaurant transactions in the UK has seen a rise, making it more than two years since it has seen a decline in people eating out. Research carried out for the Q3 edition of the ‘Barclaycard Consumer Spending Report’, found that nearly a third (30%) of consumers say they are better off now

Ali Group back on the acquisition trail with US takeover

Ali Group has made its first acquisition of 2015 by agreeing a deal to purchase InterMetro Industries Corporation, a manufacturer of industry storage and transportation products. The Milan-based outfit has bought the business from global engineering giant Emerson but has not disclosed the value of the transaction. Luciano Berti, Ali Group’s chairman and CEO, said:

Catering firms advised to exploit tax break before rule change

Catering firms set to invest in business growth could save thousands of pounds by doing so before the end of the year, a leading asset finance specialist has claimed. Wigan-based Academy Leasing says that the Annual Investment Allowance (AIA) will fall from the current rate of £500,000 to £200,000 from January 1, 2016, reducing the

Warewashing brand Meiko announces 5% rise in global sales

Warewashing manufacturer Meiko has announced that its global turnover reached €274m (£199m) last year, and revealed a plan to generate more business from emerging markets. The turnover for full-year 2014 represents a 5% improvement on the €260m (£188m) that it recorded the previous year. Management at the Germany-headquartered firm said it now has 23 subsidiaries