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Small Cap Movers: Various Eateries floats to capitalise on hospitality industry crisis
A look back at some of the more interesting stories from London's junior market this week
Company
Young & Co
LON:YNGA
Young's is a vertically integrated regional brewer established in Wandsworth London in 1831. It owns and operates a retail estate of 208 pubs and inns in London and the South of England comprising 97 managed pubs 12 inns and 99 tenanted pubs. Young's is traded in the ISDX Exchange HERE
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Investments and investor services
Young's expects to reopen pubs by August
The publican expects weak trading until next year and has modelled various scenarios, including venues remaining shut
Young & Co suspends dividend payments
The pubs group intends to resume dividend payments “as soon as is practicable”.
Rain dilutes Rugby World Cup boost for Young's
The pub chain said in an update on Thursday that the political and economic uncertainty has had on consumer confidence “cannot be underestimated”
Stifel thinks pub and restaurant equity performance will be driven by companies’ ability to “flex balance sheets”
The US investment bank's analysts said: “We are social animals and eating and drinking out of the home has proved resilient to whatever the economic and political backdrop presents"
JP Morgan believes UK pubs sector may be a relatively ‘safe haven’ in an adverse Brexit scenario
The US bank has upped its recommendation for Mitchells & Butlers to ‘overweight’ from ‘neutral’ and raised its stance on Greene King to ‘neutral’ from ‘underweight’
Forget gastropubs, ‘wet-led’ pubs are back on top once again
The latest industry data has shown that drink sales are still growing much more quickly than those of food
Brexit uncertainty “unhelpful” but Young’s makes good start to new year thanks to warm weather
An almost unbelievable run of warm weather, coupled with England’s success so far at the World Cup, is a dream for pub groups such as Young’s
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
Eyes on Marks & Spencer and Ocado as spotlight is set to remain on retail
Marks & Spencer's AGM day is set to be less eventful than usual, as it has decided not to provide a trading update.
Young & Co serves up another increased divi as profits soar
The brewery has upped its interim dividend for the 20th consecutive year
Young & Co sees busy summer as profits froth up
Pub company posted a 10.6% rise in adjusted pre-tax profit to £35.4mln
Perk up your portfolio
A light hearted look at shareholder perks that are available. Great news for beer swilling clothes horses in need of a telephone line rental.