Finance – Page 133
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NewsJust Eat UK orders up 20% in H1
Just Eat, the online delivery platform, saw orders grow 20% in the UK in the six months to 30 June, to 59.3 million.
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NewsHeineken UK volumes up double digit in H1
Heineken has reported double digit volume growth in the UK for the first half of 2018.
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NewsCity Pub Group adds four new sites
City Pub Group, has acquired three new pubs, as well as exchanging on a fourth, with the expectation that it will have a c50-strong portfolio by the end of the year.
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NewsMcDonald’s UK & Ireland records 49th quarter of growth; coffee big driver
McDonald’s UK & Ireland has continued on its growth trajectory notching up 49 consecutive quarters of sales and guest count increases.
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NewsCambscuisine appoints Spragg to board; launches equity raise
Cambridge pub and restaurant operator Cambscuisine has launched a £550,000 equity raise on the SyndicateRoom platform as it looks to expand its Smokeworks concept.
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NewsDiageo reports 4% FY revenue growth in Europe
Diageo saw net sales in Europe grow by 4% in the year to 30 June, with the UK among the growth drivers with an increase of 8%.
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NewsFischel to depart Intu
Shopping centre landlord, Intu has announced that chief executive David Fischel is to step down after 17 years in the role and 33 with the company.
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NewsAnalysts corner: Goodbody on Marston’s, Caffè Nero and Costa Coffee
Performance within Marston’s Destination & Premium estate was ‘somewhat disappointing’, according to leading analysts at Goodbody, whereas Caffè Nero’s strong revenue growth is giving Whitbread’s Costa Coffee some cause for concern
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NewsAB InBev sees double digit UK H1 growth
AB InBev has reported double-digit revenue growth in the UK for the first half of the year, as the World Cup and warm weather boosted premium beers sales.
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NewsCompass Group reports on “challenging” UK environment
Compass Group, the concessions operator and contract caterer, has reported revenue growth of 5.7% in the third quarter.
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NewsCaffè Nero FY lfls up 2.5%
Caffè Nero group has reported like-for-like growth of 2.5% for the year to 31 May, with group sales up 10%.
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NewsMission Mars confirms £10m BGF investment
Mission Mars, the Manchester based group behind Albert’s Schloss and Rudy’s Pizza, has confirmed a £10m investment from BGF, as flagged up by MCA last week.
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NewsFever-Tree revenues up 45% in H1 2018 update
Fever-Tree, the premium tonic producer, has reported adjusted EBITDA up 35% to £34m for the half year 2018.
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NewsArc Inspirations lfls up 1%; EDITBA up 33%
Bar operator Arc Inspirations has achieved like-for-like sales growth of 1% for the full year to 1 April 2018, with EDITDA up by a third (33%), to £3.2m.
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NewsFulham Shore revenues reach £54.7m
Fulham Shore, the operator of Franco Manca and The Real Greek, has reported EBITDA of £7.4m for the year ended 25 March 2018 – up 2.1% year on year.
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NewsFuller's managed and tenanted lfls up 4% in Q2 update
Fuller’s, the London brewer and pub company, has reported like for like sales in its managed pubs and hotels rising 4% for the 16 weeks from 1 April to 21 July 2018.
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NewsStonegate makes double swoop – Be At One/Novus package
Stonegate Pub Company has made a double acquisition – acquiring Be At One and a 15-strong package of bars from Novus
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NewsUpham Group reviews its options
Upham Group has appointed advisers as it considers its future funding options
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NewsInvestors getting the summertime blues, says HL
Hargreaves Lansdown’s Investor Confidence Index fell 10 points to 68 in July, compared to the previous month – down on average of the past 12 months of 74, and the long-term average of 101, it said.
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NewsNewRiver: Hawthorn integration going well
NewRiver has this morning reported that Hawthorn Leisure, the 298-strong pub business it acquired in May for £106.8m, is expected to generate at least £3m of annualised operating synergies and that the integration of the business is progressing well.