(Alliance News) - Various Eateries PLC on Tuesday said its loss narrowed in the first half of its current financial year, as the group is "encouraged" by early signs of market recovery. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and last week and not separately reported by Alliance News: Read More
(Alliance News) - Various Eateries PLC on Monday said it estimates revenue to have grown nearly 10% during its most recent financial year, which comes in ahead of market expectations. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Various Eateries PLC - London-based operator of UK restaurants under Coppa Club, Tavolino and Noci brands - Pretax loss narrows to GBP6.7 million in the financial year ended October 1 from GBP7.2 million the year prior. Revenue climbs 12% to GBP45.5 million from GBP40.7 million. Depreciation and amortisation costs increase 18% to GBP5.6 million from GBP4.7 million. Looking ahead, Various Eateries says sales in first quarter of financial 2024 are in line with own expectations. "As we move into the second quarter, we are optimistic that inflationary pressures will continue to ease and interest rates will at least not rise further, but this remains difficult to predict," it says. "Regardless, we will continue to focus on what is within our control - growing the top line and taking action to ensure high levels of customer satisfaction and improving operational efficiency." Read More
Various Eateries PLC - London-based operator of UK restaurants under Coppa Club, Tavolino and Noci brands - Raises GBP10.1 million in gross proceeds, or GBP9.7 million in net proceeds, via the placing of 40.4 million new shares at a price of 25 pence per share. Proceeds will be used to roll out up to three new Coppa sites and ten new Noci sites over the next 18 months. Expects admission of shares to trading on AIM to begin on December 27. Also executes converting deep discounted bond and certain secured loan agreements into new shares at the placing price. Company issued the bond, which has a nominal value of GBP10.8 million, to Friends Provident in mid-April. The loan agreements are with TDR Capital Ltd and Anella Ltd, which is owned and controlled by Executive Chair Andy Bassadone. Read More
Various Eateries PLC - London-based operator of UK restaurants under Coppa Club, Tavolino and Noci brands - Announces conditional placing to raise approximately GBP10 million by issuing new shares "to certain existing shareholders and other investors" at 25 pence each. Price represents a discount of around 3.9% to the closing price of 26p per share on Tuesday. Proceeds will be used to roll out up to three new Coppa sites and ten new Noci sites over the next 18 months. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Various Eateries on Wednesday reported a sound performance for its financial year, citing high footfall in city centre locations in Bath and Guildford. Read More
Various Eateries PLC - London-based operator of 18 Coppa Club, Tavolino and Noci restaurants in UK - Chief Executive Officer Yishay Malkov resigns from his post and from the board immediately, having served for three years. Andy Bassadone will continue to lead Various Eateries as executive chair, focused on the Noci brand. Rebecca Tooth remains managing director of Coppa Club. The executive team also includes Founder Hugh Osmond and Chief Financial Officer Sharon Badelek. Read More
Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Posts revenue of GBP20.6 million for the six months ended on April 2, up 16% from GBP17.7 million the year before. Says it is "pleased with the revenue performance, particularly given the challenging economic environment, disruptions from train strikes, and an unseasonably wet and dull spring". Pretax loss, however, widens to GBP4.3 million from GBP2.6 million, as operating loss widens to GBP3.2 million from GBP1.7 million the year before. Staff costs increase to GBP1.7 million from GBP1.3 million. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Various Eateries PLC on Thursday said it has appointed Sharon Badelek to the board as chief financial officer, effective April 1, replacing interim CFO James Darwent. Read More
Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Hires James Darwent as interim chief financial officer, with immediate effect. He has over 15 years experience working in private equity-backed businesses and has previously held roles at restaurant operator of brands including Las Iguanas and Bella ItaliaBig Table Group, and hospitality company Casual Dining Group as finance director. Read More
(Alliance News) - Various Eateries PLC on Tuesday said it expects annual sales to be "slightly ahead" of market expectations but expects profit to be lower as it has avoided passing on increased costs to consumers. Read More
Various Eateries PLC - London-based chain of restaurants, clubhouses and hotels such as Coppa Club - Says Chief Financial Officer and Director Oli Williams will step down to "pursue other opportunities" on November 11. Names James Darwent as an interim CFO as the firm searches for a permanent replacement. Read More