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Shonil Chande
- Shonil Chande
Liberum Research Team
- Liberum Research Team
Liberum Research Team
- Liberum Research Team
Anna Barnfather ... (+2)
- Anna Barnfather
- Nishant Dahad
LIBERUM: City Pub Group* - Continued strong trading, integration and c...
City Pubs released a positive AGM trading statement (23 weeks to 4 June 2023), in which it reports continued strong trading (+13% LFL YoY) as its premiumisation strategy and focus on customer service bears fruit. As anticipated, it has increased its stake in Mosaic (now at 52%, total investment £7m), enabling it to integrate and consolidate these group of companies imminently. This takes its predominantly freehold estate from 43 to 52. Additionally, management confirms that cost pressures contin...
Sam Wahab
- Sam Wahab
LIBERUM: Clean Power Hydrogen - GHFG licence agreement terminated
CPH2 has confirmed the termination of its licence agreement with GHFG due to what the board believes to be a repudiatory breach on the part of GHFG. No details have been given as yet on the nature or extent of the breach however the statement confirms that legal advice has been sought to recover costs incurred to CPH2. While initially frustrating for investors, it appears to be a result of financial difficulties experienced on behalf of GHFG and therefore outside of CHP2’s control. Importantly i...
