All Finance articles – Page 32
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NewsBiff's appoints Allen as it invests in product range
Biff’s Kitchen, the vegan fast food operator, has secured six-figure investment to expand its foodservice and retail business, as first flagged up by MCA last month.
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NewsSt Austell reports on 'challenging' 2018
St Austell has reported turnover up 6.1% to £179m (from £169m), in the year ending December 2018.
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NewsGordon Ramsay Restaurants returns to profit
Gordon Ramsay’s restaurant group has posted a pre-tax profit of £0.5m for the year to August 2018, according to The Guardian.
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Wagestream raises £40m
Wagestream, which provides flexible payroll solutions for Roadchef, Stonegate and Wagamama, has raised $51m (£40.1m) in series A funding.
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Laura's London launches Seedrs campaign to fund café roll out
Premium cake and catering studio Laura’s London has launched a crowdfunding campaign on Seedrs, to help kick-start a roll-out of cafes.
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Impossible Foods raises further $300m
Impossible Foods, which makes a meat-free plant-based burger, has raised a further $300m in the latest round of funding ahead of a possible initial public offering.
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NewsBurning Night to face legal action over 'breach of duty'
Former directors of Burning Night Group, the Bierkeller operator which collapsed into administration last year, could be persued with legal action over misfeasance/breach of duty, MCA understands.
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NewsTasty raises £3.25m through share placing
Tasty, the operator of Wildwood restaurants, has raised £3.25m through a new share placing after all resolutions were passed by shareholders at its General Meeting yesterday.
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Analysis & InsightAppealing to the masses
Over the past few years, as traditional lenders have become more cautious, crowdfunding has become an increasingly attractive option for operators looking to finance growth. While recent months have seen some high-profile crowdfunding successes, there have also been some dramatic failures. Helen Gilbert and Georgi Gyton spoke to experts from AlixPartners, The Crowdfunding Centre and ECF Solutions to get their views on crowdfunding’s impact on the sector.
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Black Sheep Coffee lfls up 22.6% in 2019
Black Sheep Coffee, the 23-strong speciality coffee shop operator, has reported like for like sales growth across the estate of 22.6% in 2019, MCA can reveal.
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NewsLoungers raises £83m through IPO
Loungers, the 146-strong café-bar group, has announced it has raised £83.3m through its IPO with admission to AIM on 29 April.
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Solo Coffee secures £200k investment
Solo Coffee, a cold brew start-up, has secured £200,000 in investment for an 18% stake in the business.
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Compassco secures £1.1m HSBC support to expand
Compassco, a McDonald’s franchise business in Hertfordshire, has opened a fourth site after a £1.1m funding package from HSBC.
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Morso launches crowdfund
Morso, the St John’s Wood pasta and grappa bar, has launched a £250,000 Crowdcube campaign to fund two new sites.
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Whitbread to cut head office
Whitbread is expected to cut more than 100 head-office jobs as a result of its sale of Costa Coffee to the Coca-Cola Company for £3.9 billion – though none of the executive committee is thought to be affected.
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NewsTasty aims for £3.25m raise through firm placing
Tasty, the Wildwood operator, has announced a conditional firm placing and open offer to raise up to £3.25m in funding, in order to pay down debt and for use as general working capital.
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Hollywood Bowl HY lfls up 4.4%
Hollywood Bowl has announced revenue growth of 5.3% and like-for-like revenue growth of 4.4%.for the six months ended 31 March 2019.
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Goodlife Projects liquidated
Goodlife Projects, the brand, marketing and consultancy business which launched Rum Kitchen, Passo and Foley’s, has gone into liquidation, MCA has learnt.
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News‘The pack is running faster’
As City Pub Group unveils its trial of paying weekly bonuses to all staff, James Wallin talks to joint managing directors Rupert Clark and Alex Derrick about adapting the approach to pay and incentives for a new generation of workers.