Finance – Page 114
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NewsYoung’s FY managed lfls up 5.1%
Young’s has reported like-for-like (lfl) sales up 5.1% in its managed house division for the year to 1 April – up from 4.2% the year before.
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NewsM&B lfls up 4.1% in H1
Mitchells & Butlers has reported like-for-like sales (lfl) sales growth of 4.1% for the 28 weeks to 13 April 2019.
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Wagestream raises £40m
Wagestream, which provides flexible payroll solutions for Roadchef, Stonegate and Wagamama, has raised $51m (£40.1m) in series A funding.
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Laura's London launches Seedrs campaign to fund café roll out
Premium cake and catering studio Laura’s London has launched a crowdfunding campaign on Seedrs, to help kick-start a roll-out of cafes.
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OpinionAnalysts corner: Mitchells & Butlers
Ahead of its H1 results this Thursday, analyst Goodbody offers up its thoughts on what we could see from the pub, bar and restaurant operator’s update.
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Analysis & InsightAmazon gives Deliveroo 'capital and kudos'
Does Amazon’s $575m lead investment in Deliveroo represent more than just capital? MCA’s Finn Scott-Delany looks at the potential synergies of the partnership, and the implications for restaurant brands. With commentary from MCA’s Steve Gotham, CGA’s Karl Chessell and YFood’s Nadia El Hadery.
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NewsCity Pub Group YTD sales up 35%
City Pub Group has issued a trading update ahead of its AGM today, in which it revealed that sales for the 19 weeks to 12 May were up 35% on the previous year.
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Analysis & InsightAmazon/Deliveroo: 'The race is now on'
Amazon’s re-entry into the food delivery market, leading a fresh round of investment in Deliveroo, piqued the interest of many in the industry. MCA news editor Finn Scott-Delany discusses what the move mean for the key players in the space, and prospects for consolidation.
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OpinionReady to EAT
MCA editor James Wallin looks at the rationale behind Pret’s move to acquire EAT, what the scope is for the Veggie Pret format and whether a deal would spark more consolidation in the sector.
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NewsTRG lfls up 2.8%
The Restaurant Group (TRG) has reported like-for-like sales in the 19 weeks to 12 May up 2.8%.
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NewsPret in advanced negotiations to acquire EAT
Pret A Manger is in advanced negotiations to acquire the c90-strong EAT grab-and-go chain, MCA understands.
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NewsCineworld retail revenue slumps YTD
Cineworld has reported retail revenue at its UK & Ireland cinemas down 6.8% in the period 1 January to 12 May.
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Impossible Foods raises further $300m
Impossible Foods, which makes a meat-free plant-based burger, has raised a further $300m in the latest round of funding ahead of a possible initial public offering.
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OpinionAnalysts corner: Marston’s
With Marston’s due to release its interim results tomorrow, Goodbody takes a look at what it expects and the key questions it would like answered in the update.
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NewsEiG eyes further growth in commercial properties
Ei Group is aiming to convert 40-50 sites a year into its commercial properties portfolio.
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NewsGreggs expects FY sales to be “materially higher than expected”
Greggs has reported on continuing strong trade in 2019 and now expects full-year sales to be “materially higher” than expected.
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Virtual restaurant business Ghost Kitchen secures investment
Ghost Kitchen has secured investment from Jenson SEIS and EIS Fund 2018/19 as it looks to develop a virtual restaurant business.
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NewsWasabi secures investment from Capdesia and Sushiro
Private equity firm Capdesia has acquired a minority stake in the 55-strong Wasabi chain.
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NewsActive acquires stake in Northern Monk
Leeds-based craft brewer Northern Monk has sold a stake in its business to Leon and Honest Burgers backer Active Partners.