Finance – Page 164
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News
OYPT eyes growth to 15 by 2019
Shopping centre champagne and cocktail bar concept Oh You Pretty Things has raised £300,000 of a target £750,000 to fund growth to 15 sites over the next two years.
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News
March food inflation sharpest since 2014
The latest figures have shown food inflation in March rose at its sharpest rate since February 2014.
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FY turnover at Byron passes £80m
Byron, the better burger concept, saw revenue increase by 17% to £80.5m in the year to June 2016
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Panera explores options; Starbucks linked
Panera Bread Co, the US-based, fast-casual chain, is working with advisers to study its options after receiving takeover interest
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EAT returns to lfl growth
EAT, the Lyceum Capital-backed chain, has returned to like-for-like growth since the start of the year
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News
Fulham Shore expects FY results to be in line
Fulham Shore expects to report full year results in line with market expectations for the 12 months to 26 March 2017
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Brasserie Bar Co lfls up 9%
Brasserie Bar Co is on track to post turnover of c£45m in its current financial year
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NewsRed’s enters refinancing talks
Red’s True Barbecue has entered refinancing talks after breaching its banking facility
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News
Coffee#1 drives SA Brain FY sales
SA Brain saw sales at its Coffee#1 chain increase 28% in the year to 1st October, driving overall revenue growth of 7%, to £135m.
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News
Selby: Wahaca getting back on track
Mark Selby, co-founder of Wahaca, has told MCA that that the group is “slowly but surely” getting back on track
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News
Foodservice price inflation rises to 3.7%
Foodservice price inflation rose again in February – to 3.7% - with further rises likely in the next few months, the latest data has shown.
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Analysis & Insight
Following the crowd
Over the past few years crowdfunding has gone from a curiosity to a major source of finance for businesses looking to scale up. Analyst Geof Collyer examines the statistics behind this phenomenon and how it is impacting on the eating and drinking out sector.
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NewsActive invests in Caravan
Active has invested in the London-based, all-day dining concept Caravan
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News
Pret plays down US IPO speculation
Pret A Manger has played down renewed speculation that it is considering a New York stock market listing
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News
Analyst corner: Hammond on TRG
Analyst Ned Hammond at Berenberg has downgraded The Restaurant Group to ‘sell’ from ‘hold’
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News
Draft House FY lfls up 1%
Draft House founder Charlie McVeigh has told MCA that the group is continuing to eye expansion both in and out of London
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News
CMA restarts Heineken/Punch investigation
The Competition and Markets Authority has restarted its investigation into Heineken’s proposed acquisition of 1,900 Punch pubs as part of its joint deal with Patron Capital.
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Hakkasan in merger talks
SBE, the privately held hospitality group is in advanced discussions” to merge with the Hakkasan Group
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News
Bilbao Berria repositioned and restructured
Bilbao Berria, the Spanish restaurant brand, has completed its repositioning and restructuring plans
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Consumer confidence slumping earlier than expected
A leading economist has told MCA that consumer confidence is collapsing earlier than had been expected.