All Finance articles – Page 70
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News
World Cup could generate £1.3bn for leisure and retail industry
England fans will spend up to £431m in pubs and restaurants if England makes it to the World Cup final this summer with each goal estimated to be worth £33.2m as fans celebrate, according to a report by VoucherCodes.co.uk
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Pub company share prices drop with England’s losses
The average share price of the UK’s top five listed pub chains is directly impacted by England’s performance in the World Cup, according to analysis of previous tournaments by registrar firm Equiniti
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NewsChop’d to secure new funding
Chop’d is in advanced talks to secure £2m of new funding from private equity group Calculus Capital, which could help the group triple its estate over the next five years
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NewsTragus to undergo restructuring
Tragus is to undergo a financial restructuring, which will include the launch of company voluntary arrangements (CVAs) for Café Rouge and Bella Italia, and the sale of Strada, to ensure a long-term sustainable future for the business
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NewsM&C20 grows despite Punch equity jitters
The M&C20 index grew by 0.3% this week despite a dramatic 23% fall in the share price of Punch Taverns, which overshadowed the modest gains made by the majority of member companies, but was buoyed by a stunning stock market debut from Patisserie Valerie
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NewsMcDonalds to refranchise 1,500 sites
McDonalds has announced plans to refranchise at least 1,500 restaurants by the end of 2016 in Europe and its Asia/Pacific, Middle East and Africa (APMEA) division
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NewsShepherd Neame 'faces family revolt' over restructure
Shepherd Neame is reportedly facing legal action against plans to simplify its capital structure, with former vice chairman Stuart Neame seeking an injunction to prevent the company diluting his holding and that of family members, the Daily Mail reports
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US restaurant concept launches fundraising bid
A new American restaurant concept whose directors include chef Steve Durham, who has worked with the likes of Sat Bains and Raymond Blanc, is looking to raise £150,000 on Crowdcube to expand to eight UK sites before examining overseas opportunities
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NewsM&C20 climbs back from leisure sector fall
The leisure sector has partially recovered following last week’s crash climbing 3.4% and gaining £58m across the portfolio of 21 companies, while the FTSE All Share Index remained relatively static
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Iberica sets out growth strategy
Ibérica Food & Culture has announced plans to open seven sites over the next three years as it aims to have 10 restaurants operational by the end of 2016
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End of recession breeds optimism in consumers
Consumer spending is beginning to grow in areas that have been neglected during recent years, such as healthy food and exercise as well as home finances and family, according to the British Lifestyles report by Mintel
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NewsSheps simplifies share structure to attract investors
Shepherd Neame has said the simplification of its shareholder structure is to make the company more appealing to investors, to enable its continued improvement strategy
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NewsM&C20 falls as hedge funds take profits
The M&C20 index suffered a steep fall this week as shares in the leisure sector slid 2.9%, leading to losses of £328m among the 21 constituent companies
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NewsEAT secures £40m refinancing
EAT, the Lyceum Capital-backed group, has secured a £40m refinancing, which includes a £12.5m capital expenditure tranche which will be used to fund plans for further store openings
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Essenden undertakes debt for equity swap
Creditors of Essenden, the Nick Basing-led operator of the Tenpin bowling brand, have voted overwhelmingly in favour of its plan to undertake a debt for equity swap to prepare the business for acquisitions
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NewsJoseph Holt agrees £20m refinancing deal
Joseph Holt is set to embark on an expansion drive focused on food-led sites, after agreeing a £20m refinancing deal with the Royal Bank of Scotland
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Downing set for further £20m fundraising
Downing LLP has closed its latest round of fundraising with a total of £18.6m raised and is set to launch a new fund soon which will target raising a further £20m
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Tourism spend grows 12.7% in UK
Visitor spending in 2013 rose 12.7% across England, Wales, and Scotland with visitors injecting £21bn into the UK economy
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NewsAB InBev Q1 UK volumes grow 0.6%
AB InBev, the global brewer, has reported a 0.6% rise in UK volumes in the first quarter of 2014
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News
Cirrus raises £15m expansion fund
Cirrus Inns, the investment vehicle launched to back a premium estate of freehold pubs with rooms, has raised a further £15m toward its continued expansion