Finance – Page 153
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NewsFY turnover up 11.7% at Shep Neame
Shepherd Neame has this morning reported an 11.7% increase in turnover to £156.2m in the year to 24 June 2017
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Analysis & InsightBanking on future growth
The Business Growth Fund (BGF) has come a long way, far further than many imagined possible. Founded to support small and mid-sized emerging businesses during a difficult economic climate in 2011, it is now arguably the UK’s most active provider of growth capital
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Pret linked to takeover bid by Jollibee
Pret a Manger has been linked with a $1bn takeover bid by leading Philippines fast food group Jollibee Foods Corp, Reuters reports.
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Grace Land Group secures further funding
Grace Land Group has secured a six-figure loan to expand the business further following the opening of its fifth site
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Eagle Eye heralds “transformational year”
Eagle Eye saw its revenue increase by 71% to £11.1m in the 12 months to 30 June 2017
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Analysts corner: JDW
Leading analysts have welcomed a positive set of results from JD Wetherspoon this morning, saying its strong start to the year may indicate “significant market share shifts”.
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NewsHOP secures £750k for two new City sites
HOP, the Vietnamese grab and go concept, has secured £750,000 in private fundraising for its next two sites.
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Analyst corner: UBS on Greggs
Analysts at UBS have said that they see significant store roll-out potential beyond the formal Greggs management target
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Soho House FY turnover up 3.4%
Soho House saw total turnover grow 3.4% to £293.4m in 2016 as its global membership grew by 23.9%.
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NewsComptoir sees improvement in trading
The Comptoir Group has this morning reported seeing a noticeable improvement in trading during the last few months
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NewsJDW FY lfls up 4%
JD Wetherspoon has reported like-for-like sales up 4% for the 53 weeks to 30 July, with total sales up 4.1% to £1.7bn.
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NewsStonegate acquires Sports Bar & Grill
Stonegate Pub Company has acquired Bar Holdings – the company behind Sports Bar & Grill.
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NewsHandmade sold for under £1.5m
Handmade Burger Co was acquired out of administration for less than £1.5m.
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NewsBooker Q2 lfls up 6%
Booker Group, the food wholesaler, saw non-tobacco sales 5.8% rise for 12 weeks to 8 September – up 6% on a like-for-like basis.
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NewsMolson Coors ‘in bid for Aspall’
Molson Coors has been linked with a bid for cider manufacturer Aspall.
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NewsAnalyst corner: Barnfather on Greene King
Leading analyst Anna Barnfather at Liberum has said that the recent sales slip at Greene King should be put into context
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NewsCosta shares down on growth concerns
Shares in Costa owner Whitbread fell yesterday after analyst Citigroup downgraded the company
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NewsStein eyes further expansion after FY sales growth
The Rick Stein business is looking to further expand over the next year, after reporting a 29% in sales in 2016 to £26.1m
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NewsTasty axes pipeline for 2018
Tasty, the Wildwood operator, has reported a loss after tax of £9.3m for the 26 weeks to 2 July and said it does not plan to open any sites in 2018.
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Analysts corner: Greene King
Leading analysts have given their view on Greene King’s trading update this morning.