All Finance articles – Page 72
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News
PBR creditors likely to lose more than £7m
Four sites formerly operated by PBR Leisure, which was placed in administration last November, have been sold for a total of £4.2m, although creditors of the company are likely to lose more than £7m from PBR’s collapse
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NewsM&C20 hits six-month low
The M&C20 Leisure Index fell to its lowest point since December this week, sliding 35 points to 1,178 – just 118 points ahead of the All Share Index, which was down 7 points at 1,059
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NewsEd’s appoints advisor as it looks at financing options
Ed’s Easy Diner has appointed corporate advisory firm McQueen to advise it on its financing options as it gears up for the next stage of its development
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NewsSSP confirms IPO move
SSP, the travel concessions operator, has confirmed reports that it plans to proceed with an initial public offering and float on the London Stock Exchange, raising primary proceeds of c£500m through the offer of new shares
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News
River Cottage launches fundraising
River Cottage Canteen has issuing a £1m mini-bond through crowd-funding website Crowdcube as it looks to expand to large footfall sites in prime locations
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NewsM&C20 slides amid interest rate fears
There was a downturn across the M&C20 this week with more than half the companies in the leisure index slipping a few points, possibly in reaction to Mark Carney’s announcement that household interest rates could rise sooner than markets were anticipating
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News
Analyst corner
Leading analyst Jamie Rollo of Morgan Stanley Leisure has said Wetherspoon needs to hit 5.4% like-for-like sales growth in its fourth quarter to be in line with the full year estimate set by the analyst firm
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NewsChilango’s Burrito Bond attracts key industry players
Chilango, the Mexican fast-food concept, has already raised more than £207,000 of its £1m fundraising target after the first day its mini bond, or Burrito Bond, has been available on CrowdCube
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News
Equity investors focus on out of town restaurant sites
Equity investors in the leisure sector are increasingly interested in restaurants outside of London away from the high street for investment opportunities
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Analysis & InsightStatutory code has little impact on M&C20
The Government’s statutory code announcement this week had little impact on the M&C20 index as the leisure sector edged up 3 points to 1,231
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NewsBarber raises £5m for Hush and Cabana
Jamie Barber, the restaurateur behind the Cabana and Hush Brasserie brands, has raised £5m of new equity to fund the expansion of both brands
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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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News
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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News
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