All Finance articles – Page 37
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Shepherd Neame agrees new £107.5m financing structure
Shepherd Neame has announced a new and extended financing structure giving it access to £107.5m, which allows it to “take advantage of any opportunities that may arise over the next few years”.
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Luke Johnson under pressure to step down from audit committee
Luke Johnson is under increasing pressure to step down from Patisserie Holdings’ audit committee, ahead of a shareholder meeting tomorrow, The Times has reported.
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Analysts corner: Berenberg on Ei Group
In advance of Ei Group’s full year figures next month, analysts at Berenberg share their views on the pub company, and suggest it may be ‘stock worth dusting off again’.
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NewRiver disposes of 22 community pubs in £14.8m deal
NewRiver has disposed of a portfolio of 22 community pubs to a private equity investor, in a deal worth £14.8m.
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GBK lfls fell 9.7% in H1; Wimpy revenue up 13.6%
Gourmet Burger Kitchen (GBK) saw like-for-like (lfl) sales fall by 9.7%, compared to a 3.2% seen in 2017, in the 26 weeks to 26 August 2018.
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KerbEdge to cease trading after winding up order
KerbEdge, the North East-based burger restaurant concept, has been ordered to wind up by High Court, MCA has learnt.
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Patisserie Holdings: winding up petition against Stonebeach dropped
Patisserie Holdings has announced that the winding up petition against Stonebeach Limited, its principal trading subsidiary, was dismissed by the High Court of Justice, Business and Property Courts on 23 October 2018.
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Manjit's Kitchen secures £40k in Kickstarter campaign
Manjit’s Kitchen, the Leeds based Indian street food concept, will open its first bricks and mortar site after securing £40,000 funding on Kickstarter.
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Livelyhood reports profits up 30%
Livelyhood, the five-strong London pub group, has announced total turnover of £5.9m for the full year ending 31 July 2018 – up 29% on the previous year.
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Johnson under pressure to launch independent investigation
Luke Johnson is under pressure to give up control of an internal investigation into a £40m hole in Patisserie Valerie’s accounts over concerns that the review is not sufficiently independent.
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Protein Haus bought out of administration
Protein Haus, the healthy eating grab and go concept, has gone into administration and been sold in a pre-pack.
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Sourced Market launches £750,000 Crowdcube campaign
Sourced Market, the hybrid London-based concept, has raised 85% of its £750,000 Crowdcube campaign within the first 24 hours.
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Patisserie Holdings raises £15.7m through Placing
Patisserie Holdings has raised £15.7m through a share placing and secured a further £10m loan from chairman Luke Johnson.
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Patisserie Holdings FD arrested
PwC is believed to be working with Patisserie Holdings ahead of a possible administration, which could come as early as today.
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Chilango launches £1m bond
Mexican quick-service chain, Chilango, has announced the launch of second Burrito Bond.
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Patisserie Holdings reveals winding up petition over £1.1m tax bill
The board of Patisserie Holdings has revealed a winding up petition relating to a £1.1m unpaid tax bill.
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Burning Issue
As Burning Night goes into administration, MCA news editor Finn Scott-Delany looks at its track record of raising investment, and asks whether more accountability is needed to protect investors in crowdfunding campaigns.
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Patisserie Valerie owner faces crisis 'over £20m accounting hole'
Patisserie Holdings, the owner of Patisserie Valerie, has suspended its shares from trading on AIM after uncovering “significant, and potentially fraudulent, accounting irregularities”.
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City Pub Group raises £6.2m though Placing
City Pub Group has raised £6.2m through a share placing as it seeks to capitalise on opportunities in a “softening acquisitions market”.
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Burger & Lobster posts £2.4m profit
Burger & Lobster recovered from a £10m loss in 2016 to post a £2.4m profit in 2017.