Finance – Page 168
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News
Balans lfls up 18.3% in 2016
Balans, the London-based restaurant and café group, has reported like-for-like sales up 18.3% for the year ending 31 December.
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OpinionM&A activity – 2016 a year in review
2016 was another eventful year in the restaurant and bars sector. Despite some strong headwinds, a steady flow of deal activity has continued over the last 12 months. BDO M&A specialists Tom Barnard and Eleanor Moulsdale take a look at the deals that shaped 2016 and who will be the movers and shakers over the next 12 months.
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NewsMarston’s lfls up 1.5% in Destination & Premium
Marston’s has reported “encouraging” trading for the 16 weeks to 21 January as it updated ahead of its annual general meeting today.
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NewsFever-Tree FY UK sales up 118%
Fever-Tree, the mixers producer, has said sales in the second half of the year to 31 December are expected to be up 75% year-on-year.
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NewsMeyer invests in coffee business
Danny Meyer’s Union Square Hospitality Group has announced an undisclosed investment in New York-based Joe Coffee
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NewsMcDonald’s UK growth remains strong amid US slump
The UK remains a bedrock of growth for McDonald’s as US sales fell 1.3% in its fourth quarter.
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News
Black Sheep launches Asset Match auction
Black Sheep Brewery has launched an auction of shares on the Asset Match website.
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NewsMay Capital supporting Heineken/Patron bid for Punch
May Capital, which was behind the launch of Hawthorn Leisure, is supporting the Heineken/Patron to acquire Punch.
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News
British Land reports ‘positive’ third quarter
British Land has reported on a ‘positive’ third quarter in which it said footfall and sales growth continued to outperform industry benchmarks and it disposed of more non-core assets.
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NewsRevolution H1 lfls up 2%
Revolution Bars Group has this morning reported a 2% rise in like-for-like sales in the 26 weeks to 31 December 2016
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News
Page: Putney Beach has raised over £2m
David Page has told MCA that his new private investment vehicle Putney Beach has now raised over £2m
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News
Ivy Collection turnover tops £20m
The Ivy Collection saw turnover increase from £6m in 2015 to £22.3m in the year to 31 July 2016
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News
JDW Q2 lfls up 3.2%
JD Wetherspoon has reported like-for-like sales up 3.2% and total sales up 0.7 for the 12 weeks to 15 January.
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News
ETM lfls up 6% in December
ETM Group has reported a 23% growth in sales during the month of December with like-for-like sales up 6% on the previous year
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News
Hubbox secures investment fund backing
Hubbox is set for further growth across the South West after securing new funding from investment firm Provenance Investment Partners
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News
D&D reports strong festive trading period
D&D London, the Des Gunewardena-led group, has reported as strong festive trading period
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NewsTapas Revolution secures growth capital
Tapas Revolution, the tapas concept from Spanish chef Omar Allibhoy, is set for further expansion after securing £2.5m of new funding
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News
Edward joins Canaccord Genuity as senior advisor
Ian Edward, sector investor and non-executive director, has joined Canaccord Genuity as a senior adviser
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News
Tortilla founder secures funding for new events app
REVL, the new events app, has closed a £2.4m seed funding round, supported by private investors
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NewsFestive lfls up 4.7% at CDG
Casual Dining Group has reported a 4.7% increase in like-for-like sales for the five weeks to 8 January