Langton Capital – 2022-10-05 – Disposable income, inflation, Five Guys, BrewDog, Black Sheep & other:
Disposable income, inflation, Five Guys, BrewDog, Black Sheep & other:A DAY IN THE LIFE: It’s a bit dark out there now. And the weather, too. But let’s stay upbeat. Bit busy today. On to the news: LANGTON EMAIL: The Free Email is now written in short form. Extended versions of many stories are in the Premium Email. Reply to this email if you would like to upgrade. Prices for the Premium at time of writing are £345 for one subscription, £595 for multiple, both plus VAT. Or sign up for easy in, easy out monthly option HERE https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=87YUG2Z5W7PSN PUBS & RESTAURANTS: Consumer disposable income: Real wages are falling and specific, unavoidable costs, such as heating and accommodation expenses are rising. This could put downward pressure on spending. Indeed, if the Bank of England is successful in bringing down inflation, it will be precisely because this has happened. The average two-year fixed mortgage rate deal has now reached 6% after being 5.43% four days ago and just 2.34% in December. Somewhere between 100,000 and 150,000 homeowners each month are up for renewal on the fixed rates on their mortgage, meaning that the increased rates will have a significant impact on consumer spending power… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Retail Economics research indicates that this Christmas, British shoppers are expected to spend £4.4bn less on non-essentials – a fall of 22%… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Outgoing CEO of Shell, Ben van Beurden, has said that taxing energy firms within the oil and gas industry was “inevitable” in order to help the poorest people across societies… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Inflation: Inflation just got real as Greggs has announced that it is to raise the price of its sausage rolls for second time this year… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. The RAC maintains that motorists should be charged some 10p less per litre for fuel than they are having to pay on the forecourts… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Other news: Markit’s UK services PMI is out later today. COMPANY NEWS: Caravan Restaurants and Coffee Roasters is planning to expand outside London, with CEO Laura Harper-Hinton saying ‘we have a couple of projects in the pipeline’. The business currently operates six Caravan sites and one site for Vardo. Brakspear has launched its Giving Back campaign, a new initiative to support worthy causes chosen by its 120 pubs through a match funding scheme, and to upscale the company’s long-standing efforts to protect Britain’s bee population. Five Guys UK business reports revenue up 45% to £237.3m for the year to 31 December 2021, up from £164.2m the year prior… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Brewdog Retail has reported full year numbers to end-December 2021 saying that revenue in the period rose from £25.2m to £36.9m with a loss before taxation of £7.0m vs a loss of £10.5m in the prior year… Chopstix has reached a franchise agreement with Sparta Foods Ltd which will see 25 new stores open over the coming years. Sparta Foods plans to concentrate its portfolio of stores in the North-West of England and North Wales. The Black Sheep Brewery has reported full year numbers to 31 March 2022, saying that turnover rose from £13.3m to £14.3m with a loss before tax of £1.2m against a profit in the period to March 2021 of £863k. The 2021 result – as were those of most operators and even more so leisure retailers – was materially aided by exceptional government income… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Burger & Lobster has released results for the year to 2 January 2022 saying that group turnover rose 40% to £22.8m with EBITDA of £1.8m and net assets of £2.5m… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Starbucks is reported to have settled its first National Labour Relations Board complaint with unionized workers… Burger company Fat Hippo is to open its first site in London, on Great Eastern Street in Shoreditch, on Friday this week. HOLIDAYS & LEISURE TRAVEL: Demand for holidays: A Travel Counsellors survey has found that 75% of its customers are looking to book a holiday in 2023, despite the ongoing cost of living crisis. Some 60% said they would book their holidays at around the same time as they usually did… European value chain B&B Hotels plans to enter the UK market, targeting 100 new hotels by 2035. Established in 1990, B&B Hotels has grown to more than 650 hotels across 14 European countries. The firm is backed by capital from owners Goldman Sachs. Passenger caps are not unique to Heathrow, with Amsterdam’s Schiphol Airport announcing that it will place a further cap on passenger departures during the winter season due to ongoing staffing issues and a lack of available security guards. The new restrictions will likely remain in place until the end of March 2023, however a review and possible tightening of measures will take place at the end of January. Accor has said it is to sell its Paris headquarters, the Sequana Tower, for 465 million euros. OTHER LEISURE: Donald Trump is suing CNN, claiming defamation and seeking punitive damages of $475m, according to a Florida court filing on Monday… Elon Musk is reported to have changed his mind again about buying Twitter and will proceed with the takeover at its original price… FINANCE & MARKETS: Commenting on the government’s recent proposals, the CBI says ‘businesses are looking for the Government to deliver a credible medium-term plan for growth that includes concrete steps to boost investment in the UK…’ The next ‘fiscal event’ should be before the end of this month… • See premium. Reply for sample or to upgrade. Single £345, multiple £595. Limited time offer: PayPal monthly £25 + VAT. Easy in, easy out. Sterling mixed at $1.1432 and €1.1473. Oil up at $91.62. UK 10yr gilt yield down another 8bps at 3.87%. World markets better yesterday but London set to open down around 28pts as at 6.30am. RETAIL WITH NICK BUBB: • See premium. Reply for sample or to upgrade. 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