Finance – Page 158
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NewsPunch/Heineken disposals revealed
The full list of 30 pubs to be sold to assuage competition concerns over Heineken’s proposed acquisition of 1,900 Punch pubs has been revealed.
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NewsForesight confirms investment in Mowgli
Mowgli Street Food has confirmed it has secured £3.45m of new funding from private equity group Foresight Group
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News
Analyst corner: Rollo on pubs
Leading analyst Jamie Rollo, of Morgan Stanley, discusses why the wholesale shift into food by by most of the major pub operators over the last decade has not proved to be they antidote they may have hoped for.
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News
Worldpay to merge with Vantiv in £9.1bn deal
Worldpay, the UK leading payments processor favoured by bars and restaurants, has reached a preliminary agreement to merge with US rival Vantiv in a deal which values Wordpay at £9.1bn including debt.
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News
Worldpay receives takeover interest
Shares in the payments processing firm Worldpay have jumped 28% after the company said it had attracted takeover interest.
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News
Analyst corner: Jack on JDW
Leading analyst Douglas Jack at Peel Hunt has changed his recommendation on JD Wetherspoon’s shares from Hold to Reduce
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News
The Vurger Co hits crowdfunding target within 30 hours
The Vurger Co has exceeded its £180,000 crowdfunding target to open a permanent site within 30 hours of launch
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News
Booker lfls up 4.2%
Booker Group, the food wholesaler, saw like-for-like sale increase 4.2% in the 12 weeks to 16 June
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NewsAprirose acquires M&B portfolio; creates new pubco
Aprirose is to acquire a 73-strong portfolio of pubs from M&B which it will use to launch a new pub group
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News
Joseph Holt FY EBITDA up 4.2%
Manchester based brewer and pub operator Joseph Holt has reported a 4.2% increase in EBITDA for the year to 31 December 2016
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News
Plant-based concept The Vurger Co launches crowdfunding campaign
Plant-based burger concept The Vurger Co has launched a £180,000 fund-raise on crowdfunding platform Crowdcube
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NewsCarlsberg UK to acquire London Fields Brewery
Carlsberg UK is set to announce it has acquired the Hackney-based London Fields Brewery business
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News
Ole & Steen owner acquired in multi-million pound deal
FSN Capital to sell its majority stake in Lagkagehuset, the Danish bakery chain and operator of the Ole & Steen brand in the UK, to Nordic Capital
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News
Disposable income falls at steepest rate since 2013
British families suffered steepest drop in disposable income for almost four years last month
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News
Irvine-Fortescue: GK running hard to standstill
Mark Irvine-Fortescue, leading analyst at Panmure Gordon, has said that Greene King is “running hard to standstill”. Off the back of the pub operator and brewer’s full-year update, the analyst said that he expected a flattish profit outturn this year, with enhanced buying scale post Spirit, and operational initiatives (portfolio ...
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News
Heavitree Brewery H1 PBT up 10.5%
Heavitree Brewery has reported that its pre-tax profit climbed 10.49% to £558,000 in the six months to 30 April 2017
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News
Analyst corner: Rollo on Greene King
Jamie Rollo, leading analyst at Morgan Stanley, looks at yesterday’s full-year update from Greene King
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News
Sturbucks to pay $22m in UK corp tax
Starbucks will pay nearly $22m in UK corporation tax after a sharp rise in its taxable profit and turnover last year, The Times reports.
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NewsDraft House completes Grand Union deal
The Draft House has completed the acquisition of the six-strong Grand Union Group business, for an undisclosed sum
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Opinion
The trouble with crowdfunding
Crowdfunding is an increasingly popular way to raise funds. But what’s the success rate for crowdfunded startups in food and drink? And is there adequate protection or are punters just punks? Edward Devlin, deputy finance editor at The Grocer, reports.