Finance – Page 132
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NewsFounders buy back Randall & Aubin Manchester
Randall & Aubin founders Ed Baines and Jamie Poulton have bought the Manchester franchise of their restaurant brand out of administration to operate it themselves, MCA has learnt.
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NewsCarlsberg UK volumes down 5%
Carlsberg saw double digit growth in the UK for its premium brands in the half year to 30 June but a drop in market share for its eponymous brand meant total volume decline of 5% in the territory.
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NewsTom Simmons to continue trading after pre-pack sale
Tom Simmons Tower Bridge will remain trading after being sold in a pre-pack, administrators have confirmed.
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NewsWright & Bell acquires Whyte & Brown
Wright & Bell, the Imbiba-backed restaurant and bar group, has acquired Whyte & Brown, the Kingly Court based chicken concept.
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NewsImbiba acquires stake in Vagabond Wines
Vagabond is set for further growth after receiving £3.5m in new funding from sector investor Imbiba
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NewsWagamama FY lfls up 7.4%
Wagamama grew like-for-like sales (lfls) in the UK by 7.4% in the year to 29 April, with lfls up 7.7% in the final quarter.
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NewsCineworld retail revenue up 1%
Cineworld saw retail revenue in the UK & Ireland grow 1% in the six months to 30 June, despite a 2.7% drop in box office admissions.
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NewsAdnams managed lfls up 1.7%
Suffolk-based family brewer and pub operator, Adnams, has reported like-for-like profits in its managed pubs estate up 1.7% for the six months to 30 June.
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NewsDaisy Green crowdfund oversubscribed by 410%
The Daisy Green Collection, the all-day restaurant, bar and coffee group, has closed its crowdfunding campaign, having raised over £2m on a £500,000 target.
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NewsAnalysts corner: Domino’s
While Domino’s Pizza reported interim results yesterday that were in line with analysts’ forecasts, shares slipped 6% in early trade. Hargreaves Lansdown gives its take on the reason behind the drop
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NewsBenito’s Hat close to franchise deal with international operator
Benito’s Hat, which yesterday announced £1m of fresh investment, is in advanced negotiations on a site in St Albans and is close to securing a franchise partner that would allow the brand to grow in the UK and internationally.
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NewsBenito’s Hat secures £1m investment to fuel growth
Benito’s Hat has secured £1m from existing investors to fund a three-year growth plan.
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NewsAprirose acquires Wear Inns
Aprirose, the real estate investment company, has further strengthened its presence in the pub sector with the acquisition of Wear Inns for £22.4m
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NewsService sector growth slows
Growth in the UK’s services sector slowed last month, according to IHS Markit’s purchasing managers’ index (PMI) survey.
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NewsCarlyle makes bid for Gaucho
Carlyle, the US private equity firm, has made a bid to buy Gaucho out of administration, Sky News reports.
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NewsUtopian Brewing partners with Hop Stuff
Utopian Brewing, the Steve Cox-chaired group, is to start production after agreeing a contract brewing partnership with Hop Stuff.
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NewsApplegreen acquires Welcome Break
Applegreen is to become the leading operator of motorway service areas in the UK, after agreeing to acquire a majority holding in Welcome Break
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NewsM&B Q3 lfls up 0.9%
Mitchells & Butlers has reported like-for-like sales up 0.9% for the 11 weeks to 28 July.
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NewsAG Barr H1 revenue up 5%
Soft drinks and mixers supplier, AG Barr, has reported a 5% increase in revenue for the 26 weeks to 28 July, to c£136m.
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NewsGreggs H1 lfls up 1.5%
Greggs has reported like-for-like sales at its directly managed shops up 1.5% in the 26 weeks to 30 June.