Allied Leisure

Article Abstract:

Allied Leisure acquired European Leisure in Jun 1999, and the acquisition costs have meant that borrowings are high and pre-tax profits have been affected. The acquisitions includes a chain of nightclubs which Allied Leisure plans to sell, and Rileys snooker halls which offer high returns There should be cost savings from the deal. Allied Leisure could sell its Burger King franchises if they do not see an improvement in their results, and the company plans to sell stakes in XS Leisure and Waterfall.

All Other Amusement and Recreation Industries, Amusement and recreation, not elsewhere classified, Billiards & Pool Parlors, Leisure industry, Pool halls, Allied Leisure PLC

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Groucho sets its sights on a new club west

Article Abstract:

Groucho Club London was set up in 1984 and plans to expand. The company is negotiating a lease for a new club in London, England, and has expanded its existing club. Disruption from alterations are likely to affect profit for 1995-1996, which may be lower than the 417,000 pounds sterling reported for the previous year. The company has a strong list of applications for new members and offers a good dividend yield and good profit growth for investors.

Clubs, Clubs (Associations), Groucho Club London

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