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Fulham Shore says trading is 'resilient' despite 'turmoil' in UK economy

Wed, 31st Aug 2022 08:09

(Sharecast News) - Fulham Shore described current trading as "resilient", adding that it was running in line with management's expectations, no thanks to the turmoil in the UK economy and recent sporadic train and tube disruptions.

Likewise, all new restaurant openings had been well received and were also performing as expected, the company said ahead of its annual general meeting.

The owner of the Franco Manca pizzeria chain also said that it was on track to deliver 18 new restaurants in the current financial year with the current number standing at 90.

"Franco Manca and The Real Greek continue to operate busy restaurants," executive chairman, David Page, said.

"Our customers are attracted by our high-quality ingredients and great prices. Despite the disruption caused by rail strikes our restaurants old and new provide a great space for people to meet and enjoy time with family, friends and colleagues."

Net cash as at 30 August was put at £4.7m. That sum was on top of £15.9m of undrawn bank facilities.

As of 11:11 BST, shares of Fulham Shore were unchanged at 11.25p.

More News
11 Jul 2023 14:17

IN BRIEF: Fulham Shore takeover by Great Sea Kitchens effective

Fulham Shore PLC - London-based Franco Manca and The Real Greek owner - Says takeover by Great Sea Kitchens Ltd is now effective. This follows the April 5 announcement by Fulham Shore and Great Sea Kitchens to their respective boards that they had reached agreement on April 5 on the terms of a cash offer pursuant to which Great Sea Kitchens, newly-incorporated company established on behalf of Toridoll Holdings Corp, would acquire the entire issue and to be issued share capital of Fulham Shore for GBP93.4 million.

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7 Jul 2023 11:55

Fulham Shore takeover by Toridoll approved by High Court of Justice

(Alliance News) - Fulham Shore PLC on Friday said that the High Court of Justice in England & Wales approved its takeover by Great Sea Kitchens Ltd, a company established by Tokyo-listed food company Toridoll Holdings Corp.

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9 Jun 2023 20:12

TRADING UPDATES: Tintra in Rwandan push, Steepe Cement profit flat

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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2 Jun 2023 15:43

UK shareholder meetings calendar - next 7 days

Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Assura PLCAGM
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
Wednesday 7 June 
City Pub Group PLCAGM
Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
Thursday 8 June 
Ashtead Technology Holdings PLCAGM
Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
Friday 9 June 
Arecor Therapeutics PLCAGM
Devolver Digital IncAGM
Fulham Shore PLCGM and court meeting re takeover by Torridoll Holdings Corp
Hochschild Mining PLCAGM
Mirada PLCGM re cancellation and re-registration as PLC
MP Evans Group PLCAGM
S4 Capital PLCAGM
Sureserve Group PLCCourt Meeting and GM re acquisition by CAP10 
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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5 Apr 2023 17:01

LONDON MARKET CLOSE: Risk-off mood prevails but FTSE 100 outperforms

(Alliance News) - Stocks in London closed largely lower on Wednesday, while the FTSE 100 ended in the green thanks to a solid performance from utility and pharmaceutical stocks.

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5 Apr 2023 12:32

Shore Capital downgrades Fulham Shore to 'hold' following Toridoll bid

(Sharecast News) - Analysts at Shore Capital Markets downgraded Franco Manca owner Fulham Shore from 'buy' to 'hold' on Wednesday after the group received an all-cash offer from Japanese conglomerate Toridoll.

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5 Apr 2023 12:04

LONDON MARKET MIDDAY: FTSE 100 outperforms as eyes turn to US jobs

(Alliance News) - The FTSE 100 was outperforming its European counterparts at midday in London on Wednesday, amid cautious trade ahead of a reading of the US labour market.

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5 Apr 2023 11:30

Franco Manca owner Fulham Shore agrees to GBP93 million takeover

(Alliance News) - Fulham Shore PLC on Wednesday said it agreed to be taken over by Tokyo-listed food company Toridoll Holdings Corp.

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5 Apr 2023 11:00

AIM WINNERS & LOSERS: Fulham Shore surges on GBP93 million takeover

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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5 Apr 2023 08:53

LONDON MARKET OPEN: FTSE 100 up; Fulham Shore jumps on buyout

(Alliance News) - Stock prices in London opened mixed on Wednesday, as investors look ahead to a slew of PMI readings.

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5 Apr 2023 07:58

LONDON BRIEFING: RS Group profit tops consensus; Entain goes shopping

(Alliance News) - Stocks in London are set to open marginally higher on Wednesday, despite a weaker handover from Asia and New York, ahead of a slew of European services PMI prints.

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5 Apr 2023 07:35

Japan's Toridoll to buy Fulham Shore in £93.4m deal

(Sharecast News) - Japan's Toridoll Holdings said on Wednesday that it has agreed to buy Franco Manco and The Real Greek owner Fulham Shore in a £93.4m deal.

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16 Dec 2022 14:31

TRADING UPDATES: Sutton reports record season, Uniphar takeover fails

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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16 Dec 2022 08:06

Revenue rises but earnings take a tumble at Fulham Shore

(Sharecast News) - Restaurant operator Fulham Shore reported a 26% improvement in first-half revenue on Friday, to £49.9m.

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1 Nov 2022 20:39

TRADING UPDATES: Fulham Shore revenue up; Vertu Motors makes buy

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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