'Casual dining' restaurants suffer but pubs bubble up, Coffer Peach finds
16th Jun 2016 08:10
(ShareCast News) - Trading at larger UK pubs and restaurant groups slowed even further in May, with like-for-like sales down 1.4% year-on-year as a hefty decline at casual dining chains outweighed a small improvement for pubs. These findings from the Coffer Peach Business Trackers were the bigge
Read moreRespite for high street as retail footfall rallies in May, BRC-Springboard shows
13th Jun 2016 10:04
(ShareCast News) - A rise in UK retail footfall in May provided some rare good news for the embattled sector, as the best monthly high street performance for three years outweighed a decline for shopping centres. Total footfall last month was 0.3% higher than the same month last year, according to B
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read moreBroker tips: Tesco, Mitchells & Butlers, CRH
25th May 2016 16:12
(ShareCast News) - Calculating that Tesco's sales performance at larger stores is likely to be worse than reported and that margins should be "permanently rebased lower", Credit Suisse has cut its earnings estimates and its target price on the supermarket group. Credit Suisse cut its TP to 115p from
Read moreMitchells & Butlers gains on HSBC upgrade
25th May 2016 12:04
(ShareCast News) - Shares in Mitchells & Butlers gained on Wednesday after HSBC upgraded the stock to 'buy' from 'hold' and raised the target price to 340p from 300p. HSBC said while the company's first half results showed weak trading trends, the new chief executive Phil Urban has a "credible plan
Read morePubs suffer tough April as restaurants enjoy further growth
19th May 2016 07:51
(ShareCast News) - The restaurants and pubs sector endured a further decline in like-for-like sales in April, as wavering consumer confidence mixed with inclement weather. Like-for-like sales across managed pub and restaurant groups fell 0.8% against the same month last year, according to the Coffer
Read moreSector movers: Sentiment cools towards homebuilders
18th Mar 2016 21:40
(ShareCast News) - Homebuilders were under the cosh at the end of the week, dragged lower by a negative reaction to the latest trading statement out of Berkeley Group. Analysts at Shore Capital and Numis described the company´s IMS as "solid" and "good", respectively, with the company apparently on
Read morePub and restaurant sales fall flat in February, Peach Tracker finds
17th Mar 2016 08:41
(ShareCast News) - Pub and restaurant sales were flat last month and the industry expects to endure a tougher year than last, according to a respected industry survey. The results of the monthly Peach Tracker, produced by CGA Peach in partnership with Coffer Group, RSM and UBS, found like-for-like s
Read moreLondon leisure spend lagging provinces, says Coffer Peach Tracker
17th Feb 2016 08:51
(ShareCast News) - Trading at the UK's largest restaurant food-led pub chains saw an encouraging uplift last month, despite London falling behind its provincial cousins and casual dining outperforming pubs and bars in 'dry January'. Like-like-sales for January for the 31 companies monitored in the C
Read moreFTSE 250 movers: Fidessa and pub companies lead rise
15th Feb 2016 13:04
(ShareCast News) - UK midcaps were chasing their blue chip brethren higher on Monday as bargain hunters regained confidence. By late afternoon the FTSE 250 was 1.9% higher at 15,725.05. Enterprise Inns frothed higher after investors took courage from chairman Robert Walker shelling out just over £50
Read moreFriday broker round-up
29th Jan 2016 16:47
(ShareCast News) - Experian: Exane BNP Paribas upgrades to outperform with a 1350p target. Mitchells & Butlers: JP Morgan downgrades to neutral with 370p target, down from 420p Dcc: Exane BNP Paribas promotes to outperform with 6200p target. Lonmin: HSBC upgrades to buy, target 76p; Deutsche reite
Read moreJPMorgan upgrades Mitchells & Butlers to 'overweight'
29th Jan 2016 09:13
(ShareCast News) - JPMorgan Cazenove upgraded Mitchells & Butlers to 'overweight' from 'neutral' following the company's first quarter trading update. The bank said while trading conditions remain tough, M&B's AGM update showed an improvement in the trajectory of like-for-like sales growth and opera
Read moreLondon close: Stocks end lower on lacklustre UK GDP
28th Jan 2016 16:07
(ShareCast News) - London stocks ended lower on Thursday after uninspiring UK fourth quarter economic growth data. The Office for National Statistics said UK gross domestic product rose 0.5% quarter-on-quarter in the final three months of 2015, up from 0.4% in the third quarter, as expected by analy
Read moreStrong festive trading limits damage to Mitchells & Butlers
28th Jan 2016 07:58
(ShareCast News) - Strong Christmas and New Year trading has limited the damage to Mitchells & Butlers latest sales figures. The FTSE 250 pub company issued a brief trading update ahead of its AGM on Thursday afternoon. Total like-for-like sales for the nine weeks to 23 January were down 0.6%, with
Read moreMitchells & Butlers CEO picks up some shares
23rd Dec 2015 15:33
(ShareCast News) - Animalcare Group's Chairman, James Lambert, dumped 54,000 shares in the veterinary medicines supplier at 222p each. The sale brought his holding down to 1.3m shares, or 6.2%. Elsewhere, Mitchells & Butlers' chief executive officer Phil Urban purchased 18,706 shares in the pub ope
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