Finance – Page 122
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NewsGK YTD managed lfls up 3.2%
Greene King has this morning updated on trading in the 36 weeks to 6 January, in which its managed Pub Company arm grew like-for-like sales by 3.2%.
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NewsAnalysts corner: Wagamama
On the back of Wagamama’s Q2 trading update (see below), Peel Hunt analysts Douglas Jack and Ivor Jones have noted that costs “continue to surge”. They take a look at the prospects for the brand and its new parent company, The Restaurant Group, throughout 2019.
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NewsCoca-Cola completes Costa acquisition
The Coca-Cola Company has completed its acquisition of Costa Limited from Whitbread PLC, it was announced yesterday.
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NewsMcMullen to add at least four to managed estate in 2019
McMullen is looking to grow its managed pub estate by at least four sites in 2019, MCA has learnt.
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NewsBurning Night to be 'cleaned up' ahead of trade sale
Burning Night Group’s venues, which were bought out of administration over the Christmas holidays, will be held by buyer Access Commercial Finance for at least 12 months while the business is ‘cleaned up’, before a trade sale is considered, MCA has learnt.
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NewsWagamama Q2 lfls up 12%
Wagamama saw UK like-for-like sales (lfls) grow 12% in its second quarter - the 12 weeks to 11 November.
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NewsGusto reports positive trading outlook despite hit to operating loss
Gusto Italian has seen a good trading performance for the year to date, with like-for-like sales in December up 7%, in what managing director Matt Snell described to MCA as “a stellar performance”.
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NewsPieminister achieves 13% growth in restaurant lfls
Pieminister achieved a 13% increase in like-for-like (lfl) sales within its restaurant estate, during the full year to 31 March 2018, with growth continuing to grow in the first half of 20
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NewsPatisserie Holdings confirms intention to appoint RSM
Patisserie Holdings has confirmed its intention to appoint RSM Tenon Group as its new auditors, following press speculation.
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Filta Group acquires WatBio
Filta Group Holdings, a provider of fryer management and environmental services to commercial kitchens, has announced the acquisition of WatBio for c£7m.
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NewsArc Inspirations appoints advisors
Arc Inspirations has appointed advisors as it gears up for its next stage of growth, MCA understands.
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NewsPatisserie Holdings ‘set to appoint RSM as auditors’
Patisserie Holdings is set to appoint RSM as auditors, according to reports.
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NewsTriple Two Coffee signs franchise deal in Saudi Arabia
Triple Two Coffee, the cafe franchise, has signed a deal with Aso & Sons to launch in Saudi Arabia.
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NewsCaffè Nero continues lfl growth momentum following year-end
Caffè Nero has continued to maintain its momentum in like-for-like (lfl) sales growth, following its year-end in May, MCA has learnt.
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NewsDrake & Morgan FY lfls up 1.2%
Drake & Morgan has reported like-for-like sales for the year to 25 March 2018 up 1.2%.
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NewsDowning Crowd launches £2m bond
Investment platform Downing Crowd has launched a £2m bond to support Artemis Venue Services Ltd in its acquisition and refurbishment of the Pelham House Hotel, in Lewes, East Sussex.
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NewsVaulkhard Group turnover boosted by gin distillery
Sales from Vaulkard Group’s gin distillery Newcastle Gin Co grew by almost 90%, to £234k, in the full year to 31 March 2018, however turnover in its leisure business dropped 2% to £9.7m.
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NewsAdmiral eyes opportunities for growth in 2019
Admiral Taverns chief executive Kevin Georgel has told MCA that the company is primed for further acquisitions and expects there to be significant opportunities in Q2 and Q3 of 2019.
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NewsMultimillion-pound funding for Tim Hortons expansion
Pizza Cake, the Scotland-based franchise operator, has secured a multimillion-pound funding package from HSBC to open three new Tim Hortons cafes.
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NewsHyde Restaurants goes into administration
Hyde Restaurants, the operator of the Treves & Hyde restaurant concept at Leman Locke serviced apartments, has gone into administration, MCA has learnt.