Finance – Page 148
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NewsPatisserie Holdings FY EBITDA up 15.7%
Patisserie Holdings has reported EBITDA for the year to 30 September up 15.7% to £25.6m.
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Analyst corner: Hickman on Fuller’s
Paul Hickman at Edison Investment Research says that amid wavering signals from the consumer economy, and numerous cost pressures, Fullers’ business provides a reassuring picture
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ETM Group targeting three platform brand strategy
ETM Group has begun the implementation of an aligned and refocused three-platform brand strategy
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Just Eat to enter FTSE 100
Just Eat is set to enter the FTSE 100 after its stock market value overtook Sainsbury’s.
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Grind hits crowdfund target within hours
Grind, the artisan coffee house, restaurant and bar group, has passed its £750,000 crowdfunding target within hours of launching the campaign.
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UK food and drink exports up 15%
UK exports of food and drink rose by 15% to reach £5.9bn in the third quarter of this year compared with the same period of 2016.
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NewsFuller’s H1 managed lfls up 3.6%
Fuller’s have this morning reported a 3.6% increase in like-for-like sales across its managed division for the 26 weeks to the 30 September
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Majestic H1 sales up 5.7%
Majestic Wines has reported sales up 5.7% in the six months to 2 October and said it was on track to hit sales of £500m by 2019.
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Cineworld UK retail sales up 6.5%
Cineworld has reported group retail revenue up 13.4% for the period from 1 January to 19 November, with a 6.5% rise in the UK.
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Press London seeks £1m to expand
Press London, the cold pressed juice bar operator and wholesaler, is raising £1m investment on Crowdcube.
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Compass Group FY Europe revenue up 1.6%
Compass Group, the concessions operator and contract caterer, has reported organic revenue growth of 1.6% in its Europe business to £5.9bn for the year to 30 September.
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Zing Zing to launch £500k crowdfund
Zing Zing, the Chinese delivery concept, is launching a second round of crowdfunding, following its successful £1.6m Crowdcube campaign last year, MCA has learnt. The group will return to Crowdcube with a minimum raise of £500,000 which is to push the head office into profitability. Zing Zing’s last raise on ...
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NewsEiG FY lfl income up 2.3%
Ei Group has reported like-for-like net income up 2.3% in its tenanted and leased estate for the year to 30 September, with average net income per pub up 5% to £79,600.
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NewsDeliveroo raises a further £74m
Deliveroo has raised $98m (£74m) as it closed its Series F funding round, bringing the total raised to $482m (£365m).
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Redemption Roasters seeks £1m for new shops
Redemption Roasters, the coffee group which trains young offenders to become baristas, is looking to raise £1m investment to open three or four more coffee shops next year, MCA has learnt.
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Analyst corner: Jack on Cineworld
Douglas Jack at Peel Hunt takes a look at Cineworld before the company Q3 update next week, and says that the company is likely to indicate a slowdown in trading due to a weaker UK market.
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Jack: Fuller’s share price represents long-term buying opportunity
Leading analyst, Douglas Jack, of Peek Hunt, has said a 20% fall in Fuller’s share price over the past two years should be seen as a long-term buying for investors.
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Jack: Market has overplayed M&B Q4 slowdown
Douglas Jack at Peel Hunt believes the market has over-played the slowdown in Mitchells & Butlers like-for-like sales in Q4
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NewsYoung’s ‘could spend £100m on group deal’
Young’s chief executive Patrick Dardis has told MCA it’s “probably about time” the company made a group acquisition and said it has the firepower to spend £100m plus on a deal.
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Bridgepoint confirms Burger King UK deal
Bridgepoint has confirmed it has reached an agreement with Restaurant Brands International to become the UK master franchisee of Burger King