Finance – Page 165
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NewsBrewDog FY turnover up 61%
BrewDog saw turnover rise 61% to £71.9m in 2016 with pre-tax profits up 19% to £3.2m.
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Savills reports on slowdown in UK commercial market
Savills has reported on a slowdown in UK commercial transactions in 2016.
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Analysts corner: Irvine-Fortescue on Brighton Pier Group
Mark Fortescue at Panmure Gordon has said that yesterday’s first-half update from the Brighton Pier Group demonstrated positive progress in both the company’s divisions
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Smith: Novus continues to make significant progress
Toby Smith, chief executive of Novus Leisure, has told MCA that the company has continued to make significant progress
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NewsMarston’s secures new bank facility
Marston’s has announced that it has agreed a new £360m bank facility.
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Zonal sees FY trading profit grow 52%
Zonal Retail Data Systems has reported a 52.2% increase in trading profit for the year to 30 June – to £3.5m.
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HSBC: No silver bullets for TRG turnaround
Ali Naqvi, analyst at HSBC Global Research, has said that nothing in The Restaurant Group’s (TRG) turnaround plan was revolutionary
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Ben’s Canteen completes crowdfunding campaign
Ben’s Canteen, the burger, wine and brunch concept, has completed its fundraising campaign through Crowdcube, after raising £475,000
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Notes secures expansion fund
Notes is set for further growth across the capital after securing a new debt finance deal with OakNorth
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Analyst corner: Irvine-Fortescue on TRG
Sector analyst Mark Irvine-Fortescue looks back The Restaurant Group’s (TRG) update with a note called “Cue-ing straight”
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Loungers lfls up 5.8%
Loungers saw like-for-likes sales rise 5.8% in the last 12 weeks (up to the week ending 5th March)
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Domino’s FY lfls up 7.5%
Domino’s Pizza Group has this morning reported a like-for-like sales increase of 7.5% across its UK estate
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Entertainment spend up 10.8% in February
Consumers spent 4% more year-on-year in February with entertainment spend up 10.8%.
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NewsTRG FY lfls down 3.9%
The Restaurant Group has said all three of its major brands – Frankie and Benny’s; Chiquito and Coast to Coast – underperformed in 2016 but stressed a ‘robust plan’ was in place to turn them around.
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French: Current trading to have remained difficult for TRG
Ahead of its full-year update tomorrow, leading analyst Simon French at Cenkos has said that he expects current trading to have remained difficult for The Restaurant Group (TRG).
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French: Nando’s most significant challenge to Domino’s
Leading sector analyst Simon French at Cenkos has said that Nando’s is the most significant challenge to Domino Pizza’s market share of the home delivery market.
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Just Eat 2016 orders worth £2.5bn
Just Eat, the online delivery platform, processed orders worth over £2.5bn for its restaurant partners in 2016.
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NewsPiper makes £10m investment in Flat Iron
Piper has completed a deal to take a significant minority stake in Flat Iron
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NewsStonegate completes £595m refinancing
Stonegate Pub Company has strengthened its financial position after completing a £595m refinancing
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NewsGusto secures £9m funding package
Gusto has secured an additional £9m funding package from Santander to support its growth plans and target new sites across the UK