Proactiveinvestors United Kingdom - Travel, Leisure & Hospitality RSS feed http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom - Travel, Leisure & Hospitality feed en Sat, 20 Jan 2018 11:36:12 +0000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com EasyJet to benefit from collapse of short-haul rivals, says Morgan Stanley http://www.proactiveinvestors.co.uk/companies/news/190292/easyjet-to-benefit-from-collapse-of-short-haul-rivals-says-morgan-stanley-190292.html Fri, 19 Jan 2018 13:29:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190292/easyjet-to-benefit-from-collapse-of-short-haul-rivals-says-morgan-stanley-190292.html Whitbread sales slow on Costa decline but break-up speculation lifts shares http://www.proactiveinvestors.co.uk/companies/news/190220/whitbread-sales-slow-on-costa-decline-but-break-up-speculation-lifts-shares-190220.html Thu, 18 Jan 2018 09:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190220/whitbread-sales-slow-on-costa-decline-but-break-up-speculation-lifts-shares-190220.html William Hill kicks off strategic review of Australia business after regulatory clampdown http://www.proactiveinvestors.co.uk/companies/news/190003/william-hill-kicks-off-strategic-review-of-australia-business-after-regulatory-clampdown-190003.html Mon, 15 Jan 2018 08:52:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/190003/william-hill-kicks-off-strategic-review-of-australia-business-after-regulatory-clampdown-190003.html Ladbrokes Coral and TUI slide on JP Morgan downgrade http://www.proactiveinvestors.co.uk/companies/news/189948/ladbrokes-coral-and-tui-slide-on-jp-morgan-downgrade-189948.html Fri, 12 Jan 2018 11:14:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189948/ladbrokes-coral-and-tui-slide-on-jp-morgan-downgrade-189948.html Mitchells & Butlers blames bad weather for slowdown in sales growth http://www.proactiveinvestors.co.uk/companies/news/189937/mitchells-butlers-blames-bad-weather-for-slowdown-in-sales-growth-189937.html Fri, 12 Jan 2018 08:19:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189937/mitchells-butlers-blames-bad-weather-for-slowdown-in-sales-growth-189937.html William Hill worth a modest punt according to Credit Suisse http://www.proactiveinvestors.co.uk/companies/news/189874/william-hill-worth-a-modest-punt-according-to-credit-suisse-189874.html Thu, 11 Jan 2018 10:32:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189874/william-hill-worth-a-modest-punt-according-to-credit-suisse-189874.html Investors left with sour taste in their mouths as restaurant owner Tasty warns on industry outlook again http://www.proactiveinvestors.co.uk/companies/news/189718/investors-left-with-sour-taste-in-their-mouths-as-restaurant-owner-tasty-warns-on-industry-outlook-again-189718.html Tue, 09 Jan 2018 09:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189718/investors-left-with-sour-taste-in-their-mouths-as-restaurant-owner-tasty-warns-on-industry-outlook-again-189718.html Ryanair upgraded but its “still doomed to grow” - analyst http://www.proactiveinvestors.co.uk/companies/news/189654/ryanair-upgraded-but-its-still-doomed-to-grow-analyst-189654.html Mon, 08 Jan 2018 11:23:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189654/ryanair-upgraded-but-its-still-doomed-to-grow-analyst-189654.html Bring me sunshine: Morgan Stanley ups its rating for Thomas Cook to ‘overweight’ from ‘equal-weight’ http://www.proactiveinvestors.co.uk/companies/news/189651/bring-me-sunshine-morgan-stanley-ups-its-rating-for-thomas-cook-to-overweight-from-equal-weight-189651.html Mon, 08 Jan 2018 11:04:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189651/bring-me-sunshine-morgan-stanley-ups-its-rating-for-thomas-cook-to-overweight-from-equal-weight-189651.html Morgan Stanley downgrades “high quality” Paddy Power Betfair, questions whether online growth can meet market expectations http://www.proactiveinvestors.co.uk/companies/news/189648/morgan-stanley-downgrades-high-quality-paddy-power-betfair-questions-whether-online-growth-can-meet-market-expectations-189648.html Mon, 08 Jan 2018 10:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189648/morgan-stanley-downgrades-high-quality-paddy-power-betfair-questions-whether-online-growth-can-meet-market-expectations-189648.html easyJet carries more passengers over Christmas despite more cancellations http://www.proactiveinvestors.co.uk/companies/news/189571/easyjet-carries-more-passengers-over-christmas-despite-more-cancellations-189571.html Fri, 05 Jan 2018 07:36:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189571/easyjet-carries-more-passengers-over-christmas-despite-more-cancellations-189571.html Saga restructures travel unit in wake of December warning over Monarch Airlines collapse http://www.proactiveinvestors.co.uk/companies/news/189513/saga-restructures-travel-unit-in-wake-of-december-warning-over-monarch-airlines-collapse-189513.html Thu, 04 Jan 2018 09:43:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189513/saga-restructures-travel-unit-in-wake-of-december-warning-over-monarch-airlines-collapse-189513.html Former ITV boss Adam Crozier to replace Whitbread chairman Richard Baker http://www.proactiveinvestors.co.uk/companies/news/189498/former-itv-boss-adam-crozier-to-replace-whitbread-chairman-richard-baker-189498.html Thu, 04 Jan 2018 07:26:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189498/former-itv-boss-adam-crozier-to-replace-whitbread-chairman-richard-baker-189498.html Barclays Capital asks: What if Whitbread decides to sell Costa Coffee and its real estate? http://www.proactiveinvestors.co.uk/companies/news/189453/barclays-capital-asks-what-if-whitbread-decides-to-sell-costa-coffee-and-its-real-estate-189453.html Wed, 03 Jan 2018 10:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189453/barclays-capital-asks-what-if-whitbread-decides-to-sell-costa-coffee-and-its-real-estate-189453.html Ryanair goes out on a wing as it applies for a UK Air Operator's Certificate http://www.proactiveinvestors.co.uk/companies/news/189445/ryanair-goes-out-on-a-wing-as-it-applies-for-a-uk-air-operator-s-certificate-189445.html Wed, 03 Jan 2018 08:11:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189445/ryanair-goes-out-on-a-wing-as-it-applies-for-a-uk-air-operator-s-certificate-189445.html Investors bet big on GVC as Barclays backs £4bn takeover of Ladbrokes Coral http://www.proactiveinvestors.co.uk/companies/news/189387/investors-bet-big-on-gvc-as-barclays-backs-4bn-takeover-of-ladbrokes-coral-189387.html Tue, 02 Jan 2018 08:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189387/investors-bet-big-on-gvc-as-barclays-backs-4bn-takeover-of-ladbrokes-coral-189387.html Compass pays tribute to CEO Richard Cousins killed in Sydney seaplane crash http://www.proactiveinvestors.co.uk/companies/news/189374/compass-pays-tribute-to-ceo-richard-cousins-killed-in-sydney-seaplane-crash-189374.html Tue, 02 Jan 2018 08:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189374/compass-pays-tribute-to-ceo-richard-cousins-killed-in-sydney-seaplane-crash-189374.html GVC to buy rival Ladbrokes Coral in deal worth up to £4bn http://www.proactiveinvestors.co.uk/companies/news/189229/gvc-to-buy-rival-ladbrokes-coral-in-deal-worth-up-to-4bn-189229.html Fri, 22 Dec 2017 08:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189229/gvc-to-buy-rival-ladbrokes-coral-in-deal-worth-up-to-4bn-189229.html IHG expects 'significant' benefit after House passes US tax bill http://www.proactiveinvestors.co.uk/companies/news/189152/ihg-expects-significant-benefit-after-house-passes-us-tax-bill-189152.html Thu, 21 Dec 2017 08:34:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189152/ihg-expects-significant-benefit-after-house-passes-us-tax-bill-189152.html easyJet shares gain as Panmure Gordon upgrades stock after Air Berlin deal http://www.proactiveinvestors.co.uk/companies/news/189082/easyjet-shares-gain-as-panmure-gordon-upgrades-stock-after-air-berlin-deal-189082.html Wed, 20 Dec 2017 09:52:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189082/easyjet-shares-gain-as-panmure-gordon-upgrades-stock-after-air-berlin-deal-189082.html William Hill names Roger Devlin as chairman designate with effect from 1 February http://www.proactiveinvestors.co.uk/companies/news/189069/William-Hill-names-Roger-Devlin-as-chairman-designate-with-effect-from-1-February-189069.html Wed, 20 Dec 2017 07:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189069/William-Hill-names-Roger-Devlin-as-chairman-designate-with-effect-from-1-February-189069.html Saga shares fall as RBC downgrades stock and sees 'little earnings growth' until 2021 http://www.proactiveinvestors.co.uk/companies/news/189012/saga-shares-fall-as-rbc-downgrades-stock-and-sees-little-earnings-growth-until-2021-189012.html Tue, 19 Dec 2017 10:09:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189012/saga-shares-fall-as-rbc-downgrades-stock-and-sees-little-earnings-growth-until-2021-189012.html Take a bite: UBS ups Compass Group rating to ‘buy’ from ‘hold’, sees buying opportunity http://www.proactiveinvestors.co.uk/companies/news/189004/take-a-bite-ubs-ups-compass-group-rating-to-buy-from-hold-sees-buying-opportunity-189004.html Tue, 19 Dec 2017 09:05:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/189004/take-a-bite-ubs-ups-compass-group-rating-to-buy-from-hold-sees-buying-opportunity-189004.html PCG Entertainment to make fresh start in 2018 http://www.proactiveinvestors.co.uk/companies/news/188949/pcg-entertainment-to-make-fresh-start-in-2018-188949.html Mon, 18 Dec 2017 12:06:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188949/pcg-entertainment-to-make-fresh-start-in-2018-188949.html Ryanair faces higher labour costs after recognising pilot unions, analysts warn http://www.proactiveinvestors.co.uk/companies/news/188942/ryanair-faces-higher-labour-costs-after-recognising-pilot-unions-analysts-warn-188942.html Mon, 18 Dec 2017 09:53:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188942/ryanair-faces-higher-labour-costs-after-recognising-pilot-unions-analysts-warn-188942.html EasyJet confirms acquisition of Air Berlin assets http://www.proactiveinvestors.co.uk/companies/news/188928/easyjet-confirms-acquisition-of-air-berlin-assets-188928.html Mon, 18 Dec 2017 07:48:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188928/easyjet-confirms-acquisition-of-air-berlin-assets-188928.html Ryanair Holdings shares drop as it opens door to pilot unions http://www.proactiveinvestors.co.uk/companies/news/188877/ryanair-holdings-shares-drop-as-it-opens-door-to-pilot-unions-188877.html Fri, 15 Dec 2017 09:27:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188877/ryanair-holdings-shares-drop-as-it-opens-door-to-pilot-unions-188877.html Goldman Sachs believes "catalyst has played out” for Ladbrokes Coral after boost from GVC merger discussions http://www.proactiveinvestors.co.uk/companies/news/188726/goldman-sachs-believes-catalyst-has-played-out-for-ladbrokes-coral-after-boost-from-gvc-merger-discussions-188726.html Wed, 13 Dec 2017 09:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188726/goldman-sachs-believes-catalyst-has-played-out-for-ladbrokes-coral-after-boost-from-gvc-merger-discussions-188726.html TUI delivers full year earnings growth on strong demand for hotels and cruises http://www.proactiveinvestors.co.uk/companies/news/188709/tui-delivers-full-year-earnings-growth-on-strong-demand-for-hotels-and-cruises-188709.html Wed, 13 Dec 2017 07:52:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188709/tui-delivers-full-year-earnings-growth-on-strong-demand-for-hotels-and-cruises-188709.html Goldman Sachs cuts rating for Saga Group to ‘neutral’ from ‘buy’ after recent profit warning http://www.proactiveinvestors.co.uk/companies/news/188652/goldman-sachs-cuts-rating-for-saga-group-to-neutral-from-buy-after-recent-profit-warning-188652.html Tue, 12 Dec 2017 10:34:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/188652/goldman-sachs-cuts-rating-for-saga-group-to-neutral-from-buy-after-recent-profit-warning-188652.html Vultures swoop in on Monarch's carcass http://www.proactiveinvestors.co.uk/companies/stocktube/8174 Proactive Investors correspondent John Harrington reports on the collapse of Monarch Airlines.

All planes have been grounded, leaving around 110,000 holiday makers stranded abroad.

It is the biggest UK airline ever to go under, and the UK Government has asked the Civil Aviation Authority (CAA) to coordinate flights back to the UK for all Monarch customers currently overseas.

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Mon, 02 Oct 2017 11:36:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/8174
PCG Entertainment cracking on with a broad range of potential transactions http://www.proactiveinvestors.co.uk/companies/stocktube/7975 Richard Poulden, chairman of PCG Entertainment Plc (LON:PCGE) talks Proactive's Andrew Scott through what's been, as he describes, 'an insanely problematic' 6-12 months.

Looking to the future they've now raised £1mln from a syndicate of institutional investors as they explore a “number of possible avenues” to broaden the business.

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Tue, 22 Aug 2017 12:35:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7975
Airlines hit turbulence following Barcelona attacks http://www.proactiveinvestors.co.uk/companies/stocktube/7960 Neil Wilson, senior market analyst at ETX Capital, tells Proactive that airlines bore the brunt of a risk-off turn on the open this morning with shares in Ryanair, IAG, Air France KLM, Lufthansa and EasyJet all slumping following the terror attacks in Spain.

Wilson adds that airlines are already dealing with a price war and several have warned about the second half.

He says the attacks in Spain will do nothing to help and will likely hit earnings.

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Fri, 18 Aug 2017 11:53:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7960
Experience Engine deal 'fantastic for us' - Accesso's Tom Burnet http://www.proactiveinvestors.co.uk/companies/stocktube/7788 Tom Burnet, executive chairman of Accesso Technology Group PLC (LON:ACSO) tells Proactive they've completed a £58.8m fund raise to pay for their latest expansion - US theme park software specialist The Experience Engine (TE2).

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Thu, 13 Jul 2017 14:18:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7788
Gold above 200-MA, Long S&P 500 at 2330 - Tip TV http://www.proactiveinvestors.co.uk/companies/stocktube/7482 Alessio Rastani from LeadingTrader.com discuss the outlook for gold, AUD/USD and S&P 500.

“I would be a buyer in the S&P500 around the 2330 levels”, says Rastani. He is bearish on the Aussie dollar and recommends selling the currency on the rise to 0.75 levels.

Presenter Zak Mir takes note of the bearish price action on the JP Morgan Chase price chart and says, “The Financials are leading the market lower”.

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Thu, 18 May 2017 11:49:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7482
Ryanair tipped to fly as high as €17 http://www.proactiveinvestors.co.uk/companies/stocktube/7232 Zak Mir thinks the Ryanair Holdings Plc (LON:RYA) can add the best part of 20% to its share price over the summer months as he sets a €17 target for the stock.

“There’s been a slow grind higher over the past six months that was from the October floor at the €11 level,” explains Mir in the latest Proactive Investors Bulletin Board.

“Since then a slowly rising 200-day moving average and a rising trend channel from as long ago as June last year.

“The implication is that at least while hold above the €14 area we could head as high as €17 at the top of the channel over the next three to four months.”

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Wed, 05 Apr 2017 09:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7232
Accesso's Tom Burnet hails 'brilliant' Ingresso acquisition http://www.proactiveinvestors.co.uk/companies/stocktube/7205 Tom Burnet, executive chairman at Accesso Technology Group (LON:ACSO) discusses the acquisition of online event ticketing specialist Ingresso Group.

"We bought a brilliant company," he says.

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Fri, 31 Mar 2017 13:51:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/7205
'Another strong year for accesso', says Tom Burnet http://www.proactiveinvestors.co.uk/companies/stocktube/7137 Tom Burnet, executive chairman of accesso Technology Group PLC (LON:ACSO) tells Proactive they're on schedule for their planned installations this year as the firm enters its busy season.

accesso's full-year results confirmed another strong year in what was considered an “investment phase” for the company.

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Tue, 21 Mar 2017 11:46:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/7137
PCGE boss Nick Bryant 'very pleased' to have subsidiary sale behind them http://www.proactiveinvestors.co.uk/companies/stocktube/6981 Nick Bryant, chief executive of PCG Entertainment Plc (LON:PCGE) updates Proactive on the company's decision to draw a line under their ill-fated purchase of Center Point Development Corp (CPDC).

Bryant also discusses their £750,000 raise which was achieved through a discounted placing

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Fri, 24 Feb 2017 13:15:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6981
Despite cautious outlook, Zak Mir tips Thomas Cook to soar towards £1 http://www.proactiveinvestors.co.uk/companies/stocktube/6899 Despite the cautious outlook from Thomas Cook Group PLC (LON:TCG) in yesterday’s first quarter results, Zak Mir reckons shares in the travel operator could still head towards the £1 zone in the coming weeks.

“The summer was really the low point for the stock breaking back above the 50-day moving average in August and it’s been guided by that line ever since,” Mir explains in the latest Proactive Investors Bulletin Board segment.

“[The stock is] in a rising trend channel from June with the top of the channel heading towards 100p and that’s the target on a technical basis while we hold above the floor of the channel towards the 80p level.”

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Fri, 10 Feb 2017 09:20:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6899
Accesso sees 'good progress across all divisions' says executive chairman http://www.proactiveinvestors.co.uk/companies/stocktube/6867 Tom Burnet, executive chairman of the virtual queuing and ticketing group Accesso Technology Group PLC (LON:ACSO) talks to Proactive about the group's expectations they’ll beat profit forecasts for the year just ended.

Burnet says the better than expected performance is in spite of heavy product and infrastructure spending and further investment in its recently launched Accesso Prism wearable.

The current year, 2017, has also seen a good start the company reported with all areas of the business going well.

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Tue, 07 Feb 2017 16:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6867
EasyJet may be set to descend below 900p says Zak Mir http://www.proactiveinvestors.co.uk/companies/stocktube/6803 It has not been a good week for EasyJet Plc (LON:EZJ), it revealed falling revenues, and technical analyst Zak Mir charts more downside for the budget airline.

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Fri, 27 Jan 2017 10:08:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6803
Merlin Entertainments set to rally towards 500p says Zak Mir http://www.proactiveinvestors.co.uk/companies/stocktube/6585 Investor sentiments towards Merlin Entertainments Plc (LON:MERL) have been weighed by terrorism and tragedy, though technical analyst Zak Mir reckons the share is in a rising trend and can rise towards 500p in the coming months.
 
Mir, in a Tip TV segment for Proactive Investors, says that support is at around 420p per share, and while Merlin trades above that his price target is valid, albeit he adds that investors may want to wait for a momentum buy signal.
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Fri, 09 Dec 2016 10:44:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6585
Greene King share price dip bottoming out, so time to go long http://www.proactiveinvestors.co.uk/companies/stocktube/6475 Greene King PLC’s (LON:GNK) share price could be set to stop its recent, with Zak Mir expecting the stock to bottom out soon and then take a turn for the better.

“As far as the technicals are concerned, cautiously buying towards the 700p level,” Mir explains in the latest segment of the TIP TV Proactive Investors Bulletin Board.

He does add that it might be worth waiting until after the brewery’s interim results which are due out this Wednesday (30 November).

“Is there much incentive to go long over the shares ahead of such a binary type of result?,” Mir asks.

“They could be full of good cheer or they could be full of misery, so it’s probably worth waiting on that.”

On a separate but related issue, Mir bemoaned the potential 30p hike in beer prices after pub bosses warned inflation and soaring business costs they could force to up the price of a pint.

“It’s ridiculous. What, have you got to be a millionaire to go to the pub now?”

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Mon, 28 Nov 2016 10:54:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6475
'A good first half' says Fuller, Smith & Turner PLC CEO Simon Emeny http://www.proactiveinvestors.co.uk/companies/stocktube/6419 The boom in craft beers was cited as one of the reasons behind the resilient performance of brewer-cum-pub landlord, Fuller, Smith and Turner PLC (LON:FTSA).

While operating profits from its Beer Company operation were up 8%, volumes actually dropped 4% in the six months to September 24.

For the company as a whole, adjusted profit before tax rose 6% to £22.8mln on an 11% rise in revenues to £197.6mln.

CEO Simon Emeny tells Proactive: ''We'd described it as a good first half to the year under what are clearly challenging economic and political conditions''.

''I think the first half is split into two quarters for us which were distinctly different. In the run up to the referendum it coincided with a very wet part of the summer and uncertainty around the vote. I think once everyone had got over the shock of what was an unexpected outcome the second quarter we traded very well''.

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Fri, 18 Nov 2016 15:49:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6419
Hold fire on William Hill, says analyst http://www.proactiveinvestors.co.uk/companies/stocktube/6380 If you’re thinking of buying into bookmaker William Hill PLC (LON:WMH), the advice from technical analyst Zak Mir is to hold on for a little bit longer.

The gambling firm told investors on Monday morning that it expects to hit the upper end of its full-year operating profit forecast.

Mir expects this to help shares in the long run, but says cautious investors should wait for some momentum before putting their money in.

“We’ve got a pullback from the peaks of the merger speculation over the summer. So the shares went up to 360p, back down to 280p,” he tells Proactive.

“I’m thinking they’ll probably find support towards this zone because of the reassurance on the fundamental front.”

“[In terms of] momentum, if you’re cautious I’d probably wait for the shares to break that 50-day moving average at 299p.” 

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Mon, 14 Nov 2016 10:30:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6380
Sport an enormous deal in China, says PCG Entertainment plc boss http://www.proactiveinvestors.co.uk/companies/stocktube/6344 Asia focused PCG Entertainment Plc (LON:PCGE)  chief executive Nick Bryant  told Proactive the group was "very lucky" to be working with Tianrong Sports on the latest football venture in China.

The group is a wealthy petrol distributor but has a big interest in sport and controls all the Formula 1 power boat racing in China and is a trusted partner of the government - something which will aid PCG, he says.

The firm has signed an MoU with Shenzhen Tianrong Sports Culture Management Co on a venture to build a “major” football academy in the country.

"Sport is an enormous deal in China  at the moment," he said.

The government have set some targets for sport to deliver in effect 1% of GDP (gross domestic product) by 2025.

Initially PCG will operate on a retainer fee in the football project, but longer term, will take an equity stake.

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Tue, 08 Nov 2016 10:16:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/6344
accesso makes a splash with Sydney water park deal http://www.proactiveinvestors.co.uk/companies/stocktube/6216 accesso Technology group PLC (LON:ACSO)  has penned a three-year deal with  Village Roadshow Theme Parks which will see the group's Qband used at nine attractions at wet 'n' Wild in Sydney - one of Australia's most visited water parks.

The product is a waterproof wristband, which allows guests to be notified by the device's countdown display that their turn has arrived.

Chief operating officer Steve Brown tells Proactive: ''It's a very popular theme park, they do have queues especially on their peak days and adding our system into the operation gives the guest a choice in terms of how they wait and allows them to see more and visit more of the slides and attractions and spend a lot less time waiting.''

Brown mentioned they're increasing their focus on the Asia-Pacific region and have recently hired a regional managing director to coordinate its sales efforts.

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Wed, 19 Oct 2016 16:31:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/6216
PCG Entertainment confident of swift resolution on debt issues http://www.proactiveinvestors.co.uk/companies/stocktube/5111 Nick Bryant, chief executive of PCG Entertainment Plc (LON:PCGE), says he doesn’t think the on-going debt disputes will be a major problem for the company.

A supplier to CDPC, its gaming software and games distributor, is pursuing PCG for an unpaid debt of US$2.1mln from before PCG bought the company, and Bryant says it had a written agreement that relieved it of any obligations in connection with the debt.

In addition, CDPC is being withheld US$1.2mln in a separate dispute with a major customer, but Bryant says the firm is “very well covered on this”.

He adds Proactive Investors: “We remain confident that both issues will be resolved within the very near future”.

Despite the debt issues, Bryant remains focused on the company’s expansion in China, noting “we still think there are tremendous opportunities out there and we are going to pursue them with as much determination as we can”.

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Mon, 06 Jun 2016 13:59:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5111
A big year ahead for Petrone Worldwide http://www.proactiveinvestors.co.uk/companies/stocktube/5107 Victor Petrone, chief executive at Petrone Worldwide Inc. (OTCMKTS:PFWI), says the coming 12 months will be both a busy and exciting year as the hospitality-focused firm looks to expand.

“We need to expand into different market places. We have our eyes set on India right now as a base in Asia, and Dubai for the Middle East and Africa, so the next 12 months is just full steam ahead.”

Petrone – which is the holding company for the likes of Petrone Food Works, Petrone Hospitality Group LTD and Petrone Pizza and Pasta – is, according to the chief, a one-stop shop for hospitality companies.

“[For] the customer it’s highly profitable because they can provide…one purchase order…and we can…give them many different items that they need at the same time.”

CEO Petrone added that the company was looking to up-list over the course of the next year, explaining that NASDAQ  was the preferred exchange, but AIM isn’t out of the question either.

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Fri, 03 Jun 2016 13:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/5107
Accesso's chief seeing "good growth" across all markets and products http://www.proactiveinvestors.co.uk/companies/stocktube/4986 Tom Burnet, chief executive at theme park services provider Accesso Technology Group (LON:ACSO) talks to Proactive Investors about the key contracts the company has won recently, including the large win with Merlin.

Burnet says trading has started well in 2016, and that the company is seeing "good growth" across all its markets and products.

He says the company will continue to invest heavily on building the best products they can.

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Wed, 04 May 2016 14:38:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4986
Safestay PLC to benefit from “gross undersupply” of hostels in key UK cities http://www.proactiveinvestors.co.uk/companies/stocktube/4838 Philip Houghton, chief executive of Hostel operator Safestay PLC (LON:SSTY), tells Proactive that the company needs to “grow more aggressively” to keep up with the significant demand for its hostels.

The company has two hostels in London, where only 4% of the hotels in the city are classed as hostels.

“That’s a gross undersupply” Houghton says, adding that “we know there is far more demand than the current hostels can meet, and that’s reflected with the fact we are trading really strongly”.

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Thu, 31 Mar 2016 14:04:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4838
Huge opportunities in the pub sector says Greene King’s Blythman http://www.proactiveinvestors.co.uk/companies/stocktube/4704 Mark Blythman, Strategy and IR director at Greene King (LON:GNK), says that while the pub industry is “still fragmented,” there are “huge opportunities” for the business in the current climate.
The pub chain has been focusing on long term security since the financial crisis in 2007, buying, building and developing pubs that meet its criteria.
Blythman says “the death nails that were signed in 2007 and since then were premature,” adding that “the British pub still has a warm place in people’s hearts in this country.”
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Tue, 01 Mar 2016 12:56:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4704
Accesso chief “very pleased” with 2015 performance http://www.proactiveinvestors.co.uk/companies/stocktube/4616 Tom Burnet, chief executive of Accesso (LON:ACSO) said he was “very pleased” that the ticketing and service provider for attractions is comfortably in line with expectations for 2015 full-year results.

“This is I think my fifth full year as chief executive and I am pleased to say so far so good, we have managed to keep our promises every half-year and every full-year,” he said.

For the twelve months, to December 31, the company said it had a strong performance whilst it invested significantly following an earlier transformative agreement with theme Park operator Merlin Entertainments.

Burnet added that he is hoping for “more of the same” in 2016.

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Thu, 04 Feb 2016 12:22:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4616
Marston’s “in a pretty strong place”, says CEO Findlay http://www.proactiveinvestors.co.uk/companies/stocktube/4614 Publican and brewer Marston's (LON:MARS) had a good Christmas and New Year period, with like-for-like sales in its pub restaurants in the 16 weeks to January 23 up 3% against the same period a year ago.

Like-for-like sales in the key Christmas fortnight to January 2 gained 4.9% despite a challenge to match last year's strong figures, with pub retail sales reaching more than £3mln on Christmas Day for the first time.

Chief executive Ralph Findlay said: “Overall the beer market is pretty flat, but actually when you break it down, regional beers, craft beers, traditional beers, those are the kind of things that are in growth, and that is our market."

Following two years of consecutive growth, he added that the strategy moving forward is to “continue doing what we’ve been doing for the last few year.”

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Thu, 04 Feb 2016 08:31:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4614
PCG Entertainment chief not fazed by potential Chinese slowdown http://www.proactiveinvestors.co.uk/companies/stocktube/4595 Nick Bryant, chief executive of PCG Entertainment (LON:PCGE), tells Proactive Investors that the slowdown in the pace of economic growth in its main market of China won’t adversely affect the business.

“China is looking more and more to consumer spending to generate growth in the country and that’s good for us,” he said.

He was speaking as the Asia-Pacific focused online gaming and media group said operating profits for the fourth quarter almost doubled to US$820,000.

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Fri, 29 Jan 2016 16:21:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4595
PCG Entertainment boss sees great potential in China regions http://www.proactiveinvestors.co.uk/companies/stocktube/4370 PCG Entertainment (LON:PCGE) CEO Nick Bryant says China is moving away from investment-led growth to consumer-led growth which makes it an exciting time for his business. "A growing middle class, growing GDP per capital, growing disposable income, and a predisposition to play games - it is a great opportunity for us"" he said.

Bryant says gaming and media in China is becoming a crowded space, but PCG has a different outlook to the competition. "Things tend to happen first on the East Coast, the big centres of population and most innovation happens there first... but there is a great opportunity from a geographical point to view to move out to the north and to the west and look at other provinces which are not so much the focus of our competitors" he said.

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Mon, 16 Nov 2015 15:41:00 +0000 http://www.proactiveinvestors.co.uk/companies/stocktube/4370
Hybridan: Fintech winners starting to see rewards http://www.proactiveinvestors.co.uk/companies/stocktube/4253 William Lynne, analyst at Hybridan, says that profitable Fintech companies on AIM are seeing some very useful increases in their share prices, while the cash burners are struggling.

GB Group (LON:GBG), Accesso Technology (LON:ACSO) , MobilityOne (LON:MBO) and Billing Services (LON:BILL) shareholders have had a good year while other firms, such as Monitise (LON:MONI), have had a tough time.

Speaking to Proactive, Lynne says a decent cohort of small companies are transitioning into profitability and look promising from an investment perspective.

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Fri, 09 Oct 2015 09:46:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4253
Galasys working on 'strong' sales pipeline after first-half progress http://www.proactiveinvestors.co.uk/companies/stocktube/4116 Galasys (LON:GLS) CEO Sean Seah and chairman Kim Seng Teh discuss the company’s half year results.

Today the theme Park ticketing specialist reported bumper sales and profit in its latest six months after winning a number of new contracts.

Speaking to Proactive chief executive, added that the sales pipeline is increasing and expects the group to expand its market coverage in China and other Asian countries.

Yesterday, the company signed a deal with Shanghai International Theme Park.  Disney holds a 43% stake in the site, with Chinese state owned investment company Shanghai Shendi owning 57%.

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Tue, 08 Sep 2015 14:56:00 +0100 http://www.proactiveinvestors.co.uk/companies/stocktube/4116
UK gambling sector odds-on for more M&A says Markit analyst http://www.proactiveinvestors.co.uk/companies/ceo_focus/4063 Relte Stephen Schutte, analyst at Markit, says a lack of growth is the main driving force behind the consolidation among UK bookmakers.

Ladbrokes (LON:LAD) recently announced the acquisition of competitor Coral, which would form the largest high-street bookmaker in the UK - Ladbrokes Coral.

The deal will sees underlying earnings of the combined entity nearing £400mln.

This will lift Ladbrokes ahead of William Hill  (LON:WMH) to be largest high street book makerin the UK.

Schutte also discusses Betfair (LON:BET), which has attracted short sellers despite an impressive share price rise so far this year.

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Fri, 14 Aug 2015 12:45:00 +0100 http://www.proactiveinvestors.co.uk/companies/ceo_focus/4063