All Finance articles – Page 75
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OpinionThe positive pull of leisure
Despite the backdrop of economic doom and gloom the leisure property market is bucking the trend and providing canny investors with impressive returns, argues Mark Sheehan, managing director of Coffer Corporate Leisure
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News
AB InBev invests in Bar Pass
AB InBev has made an investment in start-up firm Bar Pass, which will see the company’s technology rolled out across the country nest year.
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News
Captive Media secures funding for UK rollout
Captive Media, the company behind the first interactive washroom media system for on-trade venues, has appointed three new industry figures to its Board of Advisors and secured £300k in new funding to boost the company’s presence across the UK.
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Analysis & Insight
Further squeeze on household spending
Household spending on alcohol and tobacco declined from £13.60 a week in 2010 to £12.60 in 2012, while spend on restaurants and hotels fell from £42.30 to £40.50
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News
Coal secures new funding for growth
Coal Grill & Bar has secured a further tranche of funding from existing investors as it looks to add up to 13 sites to existing estate over the next three years.
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News
City Pub Co set to close latest fundraising round
City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, is set to close its latest round of fundraising this week, which will see it raise £10m in 10 days, M&C Report understands.
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News
Honest Burger secures expansion fund
Honest Burgers, the London-based concept led by ex-Bill’s operations director Dorian Waite, has secured a new funding package from Santander to aid its expansion plans in the capital
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NewsOakman raises £5.5m for expansion; names new FD
Oakman Inns & Restaurants, the Peter Borg-Neal-led group, has raised £5.5m for further expansion and announced the appointment of Joseph Evans, currently financial controller of Whitbread Hotel and Restaurant Division, as its new finance director
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News
Leslau vehicle reports uplift in ETI portfolio
Max Property Group which acquired 29 Enterprise Inns in a £44.4m sale-and-leaseback deal in January 2011, has reported a 6.6% uplift in the value of the portfolio for the six months to the end of September 2013
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News
Liberation sees profit boots from transfers
Channel Islands operator Liberation Group saw a profit boost of £1m after transferring a portion of its managed pubs estate to tenancy
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NewsClear winners and losers behind flatlining M&C20
It was an uninspiring week for the equities market, as both the leisure sector and wider share-prices indices ticked down a few points
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Analysis & InsightGolden rules for a smooth deal
Selling a business is a rewarding but complex undertaking involving many variables. There are, however, five key areas that present particular challenges and must be handled with care, says Paul Dolman, lead leisure partner at Travers Smith
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NewsEclectic raises £15m on proposed AIM admission
Eclectic, the Avanti Capital-backed bar and club operator led by Reuben Harley, has successfully raised £15m through its proposed admission to trading on AIM on 28 November
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News
Pizza concept raises £440k through Crowdcube
Pizza Rossa, a fledgling concept led by Corrado Accardi, has raised £440k raised from 122 investors through Crowdcube, topping its planned target figure of £280k
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OpinionTurning point for the sector
This year will come to be seen as a turning point in the market, argues Peter Hansen, founder of Sapient Corporate Finance
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News
Hansen: 2013 a turning point for pub market
This year will prove to be a “turning point” in the pub market, Sapient Corporate Finance founder Peter Hansen has predicted. Speaking at M&C Report’s Pub Retail Summit, he predicted banks would start to “loosen up” - and clearing banks would begin “piling back into the market”.
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NewsOrchid reports impressive ROI
One year on from the start of its company-wide £20m investment programme Orchid Group, in which private equity and trade buyers are showing an interest, has reported impressive returns across its estate
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News
City Pub Co FY turnover to reach £7m; reveals acquisition targets
City Pub Company, the Enterprise Investment Scheme (EIS)-funded pub operator, expects turnover to reach £7m in 2013 and is targeting seven acquisitions under its forthcoming £10m fundraising drive, co-founder Clive Watson has told M&C Report
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NewsEd’s agrees new £4.5m banking facility
Ed’s Easy Diner has secured its first ever extended bank funding in the form of a £4.5m facility with RBS, which will aid its continued rollout across the UK
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News
Kings Park: sector offers many investment opportunities
A partner at Kings Park Capital (KPC), the leisure sector investment fund, has told M&C Report that there’s “lot of different opportunities” for investments in the industry at present, following its £10m acquisition of a majority stake in coaching inn operator Inn Collection