Finance – Page 161
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News
Just Eat fails to respond to CMA concerns
The £200m merger between UK takeaway giant Just Eat and Hungryhouse will now be referred for an in-depth merger investigation
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NewsLeon secures new £25m investment
Spice Private Equity, a Swiss investment company, has invested £25m to acquire a significant minority stake in Leon
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NewsMarston’s: Charles Wells; pub deals; pricing and lodges
MCA talks to Marston’s chief executive Ralph Findlay and managing director of Marston’s Beer Company, Richard Westwood, on the back of the £55m acquisition of Charles Wells.
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Analysis & Insight
Food for thought
The restaurant sector has performed well in recent years with market growth underpinned by long-term demographic and consumer trends. But market conditions have become more competitive, consumers are facing pressure on their real incomes from rising inflation and cost pressures are increasing. A more cautious outlook on the sector is justified, argues David Chubb, Partner, Middle Markets, at PwC
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News
Vita Mojo signs Elior franchise deal
Vita Mojo has signed a franchise deal with contract caterer Elior
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News
Greggs lfls up 3.6%
Greggs has reported a “good start to the year” with company-managed shop like-for-like sales in the first 19 weeks up 3.6%
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News
SSP says rail strikes hit H1 sales
SSP, the travel concessions operator, has reported UK like-for-like sales growth of 1.9% for the six months to 31 March but said strike action has hit sales at railway stations.
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News
Marston’s sees H1 lfl growth across estate
Marston’s grew like-for-like sales in its Destination and Premium arm by 1.6% in the 26 weeks to 1 April.
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NewsMarston’s acquires Charles Wells brewing arm for £55m
Marston’s has announced the acquisition of the Charles Wells beer and brewing business for £55m.
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News
EIG sells 18-strong package
Ei Group has sold a portfolio of 18 commercial properties to institutional investment clients of OLIM Property Limited
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News
Tortilla appoints new FD
Tortilla has reported that its like-for-like sales are up 9% in the year to date on the back of strong like-for-like sales last year
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News
C&C FY revenue down 6.9%
Magners producer C&C Group saw group net revenue fall 6.9% to €559.5m for the year to 28 February with net revenue from core brands down 2.1%.
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News
M&B H1 lfls up 1.6%
Mitchells & Butlers grew like-for-like sales 1.6% in the 28 weeks to 8 April, with a 1.9% increase for the first 33 weeks of the year.
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News
Patisserie Holdings H1 EBITDA up 15.6%
Patisserie Holdings has reported a 15.6% increase in EBITDA to £12.2m for the six months to 31 March 2017
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News
Innis & Gunn gears up to double turnover
Innis & Gunn has revealed it plans to double its turnover to £25m over the next three years
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News
KFC’s largest UK franchisee secures new funding package
The Herbert Group, which is the UK’s largest KFC franchise, has undergone a refinancing programme
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News
Aston Manor eyes option to press on with £100m sale
Cider maker Aston Manor could be sold for more than £100m after it hired investment bankers to review the business
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News
Pure FY turnover nears £12m
Pure saw turnover close in on £12m in the year to the end of 2016, with group EBITDA over £1m for the second consecutive year
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News
EIG H1 like-for-like net income up 1.6%
Ei Group has reported a 1.6% increase in like-for-like net income across its tenanted and leased estate for the six months ended 31 March 2017
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Opinion
Bolt-ons key to next phase of M&A
Altium’s Sam Fuller explains why a slowdown in M&A was always going to be a possibility in the casual-dining market, and shows where the light at the end of the tunnel can be found