Finance – Page 106
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NewsFazenda turnover up but profits down after two new openings
City District, the operator of premium Brazilian steakhouse Fazenda, has increased its turnover but narrowed profits after opened two new restaurants last year.
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NewsJust Eat reports 25% revenue growth in Q3
Just Eat has reported revenue growth up 25% to £247.5m in Q3 2019.
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NewsHedge funds circle Pizza Express
Hedge fund CarVal is one of a number of money managers that has bought into Pizza Express’s heavily discounted corporate bonds, The Daily Telegraph reports.
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NewsAnalysts’ verdict: Goodbody on Domino’s
Domino’s decision to exit its international markets should be well received by investors, according to Rachel Fox, gaming and leisure analyst at Goodbody.
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NewsBills posts £9.1m loss for 2018; lfls boost following refurb programme
Bills Restaurants made a £9.11m loss last year – but has retuned to above market like-for-like sales growth across its estate following a major refurbishment programme, MCA can reveal.
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NewsLoungers lfls up 5.4%; four new openings in October
Loungers has reported like for like sales growth of 5.4%, in a trading update for the 24 weeks to 6 October 2019.
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NewsD&D reports improved autumn trading and regional strength
D&D London has reported like for like sales growth of 4%, as it commits to further projects in its home market, as well as growth in the US.
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NewsMarston’s wet-led pubs ‘lead the charge’
Wet-led pubs “led the charge” at Marston’s, with its Taverns business achieving like-for-like sales growth of 1.9% for the year ended 28 September 2019, including 5.4% in the last 10 weeks.
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OpinionAlixPartners: Cause for cautious optimism
The M&A market for UK restaurant operators remains cautious, with distressed situations making up the majority of activity. However, several high-profile transactions completed in 2019, with investors still willing to pay a premium price in certain circumstances, says AlixPartners’ Graeme Smith
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NewsBlack Sheep Coffee posts losses of £5.3m
Black Sheep coffee made losses of £5.3m in 2018, an increase from £2.8m in 2017, as the group invests in scaling up and adding new sites.
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NewsArc Inspirations EBITDA up 15%
Arc Inspirations, the operator behind Banyan, BOX and Manahatta, has announced turnover increased 16.7% to £27.2m, up from £23.3m on the previous year.
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NewsMOD Pizza UK reports £6.9m losses in 2018
MOD Pizza UK has reported losses of £6.9m in 2018 – following losses of £11m the previous year.
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NewsMcDonald’s turnover down amid franchise focus
McDonald’s UK saw turnover decrease in 2018 as its continued focus on franchising increasingly recognised incomes over sales.
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NewsYapster raises £2.6m
Yapster, a communications platform for hospitality workers, has raised just over £2.6m as the company looks to deliver on its ambitious growth plans for 2020 and beyond.
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NewsThai Leisure Group CVA is approved
Thai Leisure Group has had its proposed Company Voluntary Arrangement approved by its creditors.
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NewsKFC profits plunge after chicken crisis
KFC UK saw its turnover and profits plunge following its distribution crisis last year, but did not swing to a loss over all.
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NewsPizzaExpress hires advisers for debt talks
PizzaExpress has hired financial adviser Houlihan Lokey to prepare for debt talks with its creditors amid continued tough trading conditions, Bloomberg reports.
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NewsBrewdog bars lose £235k amid expansion drive
Brewdog’s bar division made a pre-tax loss of £235,000 in 2018 - up from £45,00 in 2017.
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NewsAdministrators appointed at Bumpkin and Eclipse operator Ignite
Ignite, the premium West End operator which was once a favourite of Prince William and Prince Harry, has been taken into administration, MCA understands.