Pepsi adds fizz to Britvic after Irish drink sales decline January 25, 2012 BRITVIC shares enjoyed a 3.44 per cent rise yesterday after the soft drinks maker and distributor reported a rise in revenues and big market share gains for Pepsi, which it makes and distributes under licence in the UK. The maker of Robinsons, Tango and J2O said first quarter revenue rose 2.5 per cent at constant [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 24, 2011 FINANCIAL TIMES TERRA FIRMA SEEKS €1BN SOVEREIGN FUND POOL Guy Hands’ Terra Firma Capital Partners is looking to raise up to €1bn (£860m) from a sovereign wealth fund to retain its ability to do deals after the investment period of its buy-out fund runs out next year. The private equity group has been approached by [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 24, 2011 FINANCIAL TIMES TERRA FIRMA SEEKS €1BN SOVEREIGN FUND POOL Guy Hands’ Terra Firma Capital Partners is looking to raise up to €1bn (£860m) from a sovereign wealth fund to retain its ability to do deals after the investment period of its buy-out fund runs out next year. The private equity group has been approached by [...]
BEST OF THE BROKERS November 23, 2011 FULLER, SMITH & TURNER Numis rates the pub group “add” with a target price of 775p, up from 725p to reflect its enlarged managed pub acquisition scheme. The broker thinks Fuller will report a three per cent rise in pre-tax profits when it reports tomorrow, and believes the firm is well-placed to continue its outperformance. Numis [...]
Mitchells & Butlers drags its heels over CEO replacement November 20, 2011 THE SEARCH for a new chief executive for Mitchells & Butlers is set to drag on with no fixed deadline, as the pub group struggles to attract candidates. There will be no update on the hiring process when M&B announces its full-year numbers tomorrow, even though some analysts were expecting one. The results are forecast [...]
Cosiness meets luxury in the new generation of pub hotels May 22, 2011 IF you’re skipping out of town for a weekend, you don’t always want the ultra-plush, waited-on-hand-and-foot trappings of a smart hotel any more than you want the chintz and limited comforts of a B&B. For cosiness, convivial hospitality and excellent nightcap options, a stay at a pub with rooms can be the answer, not least [...]
Punch struggles as Spirit profits rise October 20, 2011 Spirit reported a 17 per cent rise in full-year pretax profit, at the top end of expectations, while Punch Taverns, from which it demerged earlier this year, said full-year profit fell. “We have made a good start to the new financial year and, while we expect the consumer environment to be more challenging, we are [...]
Punch struggles as Spirit profits rise October 20, 2011 Spirit reported a 17 per cent rise in full-year pretax profit, at the top end of expectations, while Punch Taverns, from which it demerged earlier this year, said full-year profit fell. “We have made a good start to the new financial year and, while we expect the consumer environment to be more challenging, we are [...]
Fuller’s splashes out to boost London portfolio October 24, 2011 FULLER, Smith & Turner is paying £16m for five pubs as it moves to boost its estate in time for the Olympics next summer. Fuller’s is buying The Wellington at Waterloo, The Pavilion End and Bluu in the City, The Hand & Flower in Kensington Olympia and the Red Lion Hotel in Wendover, Bucks The [...]
Resource stocks peg back FTSE January 18, 2012 The FTSE 100 edged down this morning amid continuing fears of a Greek economic meltdown and a lowering of world growth forecasts by the World Bank. Resource stocks were the worst hit overall as the bank predicted world economic growth of 2.5 per cent in 2012 and 3.1 per cent in 2013, well below the [...]