Finance – Page 151
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NewsCMA provisionally clears Just Eat acquisition of Hungryhouse
The Competitions and Markets Authority (CMA) has provisionally paved the way for Just Eat’s acquisition of Hungryhouse, finding it does not raise competition concerns.
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Booker reports interim lfls up 2.7%
Booker Group, the food wholesaler, has reported interim like-for-like sales up 2.7% on non-tobacco items.
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NewsMuzinich ups stake in Busaba
Muzinich, the New York-based fixed income specialist, has upped its stake in Busaba Eathai, the Phoenix Equity Partners-backed group
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HelloFresh attempts second IPO
HelloFresh, the German meal kit delivery business, is planning a second attempt to float on the stock exchange.
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NewsClock runs out for Deltic bid
The Deltic Group has confirmed that it is not a position to make a cash offer or merger proposal for Revolution Bars Group.
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Allotment eyes UK expansion
The founders of Allotment, the Manchester based gin bar concept, have revealed plans to open a collection of themed bars and restaurants across the UK
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NewsDomino’s Q3 lfls up 8.1%
Domino’s Group has this morning reported an 8.1% rise in like-for-like sales across its UK estate for the 13 weeks to 24 September
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Marston’s FY Destination lfls up 0.9%
Marston’s has reported like-for-like sales in its managed Destination & Premium arm up 0.9% in the year to 30 September.
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NewsWhitbread acquires remaining stake in South China JV
Whitbread has announced that Costa has acquired 49% of its South China Joint Venture from its JV partner, Yueda, for RMB 310m (£35m)
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NewsWar of words over Revolution bid intensifies
As the deadline looms for Deltic Group to make a firm offer for Revolution Bars Group, the war of words between the two sides has intensified.
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NewsJapan Centre signs JV for further retail spaces
Japan Centre is planning to open further food halls across Europe after entering a new joint venture with Cool Japan Fund
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Beef & Brew to crowdfund for second site
Affordable steak restaurant Beef & Brew has launched a crowdfunding campaign to open a second London site
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Cash still preferred payment method for many - BoE
Contactless payment transactions tripled in 2016 – but predictions of the demise of cash may be premature, according to the Bank of England’s chief cashier.
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NewsFY revenues up 12.7% at Prezzo
Prezzo, the TPG Capital-backed restaurant group, posted a 12.7% increase in revenue to £219.7m for the year to January 2017
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NewsAnalyst corner: Morgan Stanley on Costa
Leading analysts at Morgan Stanley have issued a note arguing that they believe there’s room for 530 more Costa sites in the UK
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NewsDeltic sets out Revolution merger terms
Deltic has set out the terms of its proposed merger with Revolution Bars Group.
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Lfls up c7% at Banana Tree
South-east Asian restaurant group Banana Tree saw its like-for-like sales increase by c7% in the five months from May to September. The company, which opened its ninth site last week in Chelmsford, saw like-for-like sales rise 10% in September alone. “With a backdrop of rather depressing hospitality news, we are ...
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JW Lees confirms FY revenue up 5.6%
JW Lees managing director William Lees-Jones has said the 2017 financial year laid the foundations for the next chapter of the family business.
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Analysts corner: Jack on Domino’s
Leading analyst Douglas Jack, of Peel Hunt, has said he believes Domino’s like-for-like sales should be starting to strengthen.
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NewsNo1 Lounges seeks new PE backing to double in size
Phil Cameron has told MCA he is assessing his options for No1 Lounges and hopes to bring in a new private equity investment to double the size of the group.