Pepper Food Service (Tokyo: 3053) operates franchise and directly run steak-restaurant chains throughout Japan. Shares in the firm have risen 924% since January, taking its market value to more than 120bn (£790m), compared with 12bn at the start of the year.
Be glad you didn't
Greene King (LSE: GNK) brews and sells beer as well as operating pubs across the UK. Its share price dived in September when the firm warned that sales from the pubs it manages directly had fallen by 1.2%. In November the group reported an 8% fall in half-year profits to £127.9m, a decrease it blamed on pub goers tightening their belts, as well as rivals slashing prices to offset disappointing weather.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Will UK inflation rise ahead of BoE meeting?August’s inflation report will be published at 7am on Wednesday, 17 September, one day before the Bank of England’s next rate-setting meeting
-
Thousands of savers with £250k pensions take cash over tax-free money and IHT fearsWith a record £70 billion withdrawn from pensions in the year to March, experts are concerned savers are making knee-jerk decisions without advice that could affect their long term wealth
-
Companies in the news: tenanted pubsFeatures Last week was grim for pubcos as MPs passed a bill to get rid of the tied pub. Phil Oakley looks at how they will cope.
-
Shares in focus: Does Greene King have a future?Features Greene King is one of Britain's best pub chains, and the shares are not cheap. Should you still buy in? Phil Oakley investigates.
