Finance – Page 112
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NewsAnalysts corner: Berenberg on TRG
While some key questions remain around whether Wagamama can maintain its positive momentum within The Restaurant Group, analysis of Trip Advisor ratings by Berenberg has found that signs are positive – and that customer perception of Frankie & Benny’s is improving.
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NewsFood innovation at Starbucks sees profits fall; delivery service to be rolled out
Starbucks UK has reported that gross profit fell 21% in the full year ended 30 September 2018, despite revenue growth of 4.1%.
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NewsRamsay agrees deal with Lion Capital for US expansion
Gordon Ramsay will today announce the formation of a joint venture with Lion Capital, which will see $100m invested in five different concepts in the US, according to The Times.
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NewsTaster secures £6.3m for London growth
Taster, the food tech start-up which develops delivery-only virtual restaurant brands, has secured $8m (£6.3m) in Series A investment.
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NewsHeavitree Brewery sees marginal increase in H1 revenue
Heavitree Brewery, the Exeter-based tenanted pub operator, achieved a 0.9% increase in group turnover for the six months to 30 April 2019, to £3.42m, as increased costs hit profit.
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NewsGreene King achieves 2.9% lfl increase for Pub Company
Greene King has achieved like-for-like (lfl) growth in its Pub Company arm of 2.9%, trading ahead of the market, according to its full-year results to 28 April 2019.
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NewsMarket Halls completes c£20m Bridgepoint deal
Market Halls, the food hall operator, has signed a c£20m deal with Bridgepoint’s Growth fund, to support its aim to become the leader in the UK market.
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Bob & Berts secures Ulster Bank funding
Bob and Berts, the Northern Ireland-based coffee shop concept, has secured a seven-figure investment package from Ulster Bank to fund its next wave of expansion.
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NewsFlight Club to launch Electric Shuffle in Canary Wharf
Flight Club has revealed its new Electric Shuffle concept will launch in Canary Wharf by the end of the year, as it reports turnover up 32% to £9.9m in 2018.
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NewsAzzurri acquires 13 Pod sites in pre-pack
Azzurri Group has confirmed it has entered into an agreement to acquire the business and certain assets of the healthy food-to-go chain Pod from its administrators RSM.
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NewRiver enters JV with BRAVO Strategies
NewRiver has completed the formation of a new joint venture with BRAVO Strategies, to manage a portfolio of retail parks.
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BigDish raises £2.1m
BigDish, the yield management platform for restaurants, has raised a further £2.1m to fund its UK rollout.
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Grill ‘n’ Chill secures Lloyds backing
Grill ‘n’ Chill, a Durham based fast-casual concept, has opened a second site, after securing a six-figure funding package from Lloyds Bank Commercial Banking.
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Analysis & InsightThe not so fantastic Foxlow
Following the demise of Hawksmoor’s secondary brand, MCA director Steve Gotham looks at the sensitivty of spend per head, and how value for money perceptions critically vary at different price points
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NewsMcMullen wet sales lfls up 4.6%
McMullen, the brewer and pub operator, has reported managed house like-for-like sales growth of 2.8% - driven by like-for-like wet sales growth of 4.6% - for the full year ending 29 September 2018.
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NewsOrée raises £425k for London rollout
Orée, the London-based premium bakery, has raised £425,000 through Angel Investment Network (AIN), to open two more shops, with an overall target of 12 in London.
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NewsWhitbread F&B lfls down 2.1%
Whitbread has reported a decline in food & beverage like for like sales growth of 2.1%, in Q1 FY2020.
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NewsPeach Pubs markets freeholds after failed sales process
Peach Pubs is selling four freehold investments, which it will lease back, to allow the company to be debt-free, invest in its estate, and take on new pubs.
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NewsTaylor St Baristas to sell shops
Taylor St Baristas has agreed to the sale of its eight existing coffee shops as it continues its transition from retailer to “full stack coffee business”, MCA understands.
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NewsPuttshack completes £27m equity raise
Puttshack, the tech-enabled mini-golf concept from Adam Breeden, has completed a £27m equity raise with lead investor Promethean, to execute its UK and US expansion plan.