Hints and tips:
...Stonegate, the UK’s biggest pub company thinks so: “dynamic” beer pricing is now a permanent feature at its hostelries, a move the company says will help offset high costs....
...Many of the highest-yielding sterling-denominated bonds come from retail and leisure companies, like cut-price retailer Iceland Foods and high-street restaurant chain Stonegate Pubs, whose 300 bars include...
...Stonegate, the UK’s largest pub group, is suing for losses it suffered during the pandemic, in a bitter dispute between the hospitality and insurance industries....
...But there is no mention of Stonegate in the daisy chain of corporate entities above....
...The banks risked being stuck holding the so-called bridge loans on their balance sheets, unable to sell them on to fund managers....
...Limited lockdowns and growing demand for exports means that Asia-Pacific economies are likely to prove resilient in the face of further Covid-19 outbreaks, according to Deutsche Bank....
...Together, Stonegate and Ei have more than 4,000 venues across the UK. Stonegate declined to comment....
...Deutsche Bank analysts estimate that a nationwide two-week lockdown could lead to a 1 percentage point drop in monthly GDP, all else being equal....
...Speculation that British pubs could suffer another lockdown caused prices of bonds sold just two weeks ago by pub group Stonegate to tumble....
...And a group of banks led by Barclays are gearing up to sell £1.4bn of loans financing TDR Capital-owned Stonegate Pub Company’s buyout of rival UK bar operator Ei Group....
...● EI Group led the pub operators sharply higher after recommending a £1.27bn takeover offer from TDR Capital-owned Stonegate Pub Company....
...Deutsche Bank and Rothschild & Co are advisers to Ei while Barclays, Goldman Sachs and Nomura are acting for Stonegate....
...Then there’s £1.4bn of loans financing TDR Capital-owned Stonegate Pub Company’s buyout of rival UK bar operator Ei Group at a time when all pubs are closed, and nearly €700m of debt backing Lone Star’s...
...Pay at Goldman Sachs fell, as did revenues, the investment bank said. Chief executive and amateur DJ David “D-Sol” Solomon managed to squeeze revenues from the bank’s investment and lending unit....
...Royal Bank of Scotland is changing its name to Sellafield Natwest....
...The millennial-focused, European online bank has raised another $170m from existing investors, including China’s Tencent and Peter Thiel’s Valar Ventures, valuing it at $3.5bn....
...Last year, Revolution Bars’ results were overshadowed by a fierce bidding war between Stonegate Pub Group and nightclub owner Deltic....
...He has also worked at Deutsche Bank and Rothschild. Honeywell named Brian Cook as its new global head of M&A late last week....
...A group of banks is planning a high-yield bond to take out €600m of debt they recently underwrote for Cortefiel, a Spanish retailer that has been through multiple rounds of debt restructuring....
...After the 1996 tournament, when England reached the semi finals, UK consumer spending grew by 100 basis points, according to an analysis by Lloyds Bank....
...In the north of England, Stonegate Developments is building 162 rented apartments in a tower in Newcastle; another developer, Placefirst, is refurbishing hundreds of dilapidated family homes to rent out....
...But this week Stonegate Bank of Pompano Beach, Florida, stepped in at the urging of the US government, which said in December that it was looking to repair ties with Cuba after a half-century of hostilities...
...TSB Bank, flat at 280p, will be in focus on Friday after parent company Lloyds Banking Group said overnight that it was selling an 11.5 per cent stake....
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