Finance – Page 170
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NewsH1 revenue at Fulham Shore nears £20m
Fulham Shore has reported that it generated revenue of £19.9m (2015: £13.9m) in the six months to 25 September 2016
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Comptoir Group acquires Yalla Yalla business
Comptoir Group has further strengthened its presence in London by acquiring Yalla Yalla out of administration
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London recovery boosts sector lfls in November
A 3.5% increase in like-for-like sales in London in November, according to the latest Coffer Peach Business Tracker
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NewsBe At One FY turnover to reach c£36m
Be At One is on course to report turnover of c£36m in its current financial year
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Just Eat to acquire Hungryhouse
Online delivery platform Just Eat has agreed to acquire rival Hungryhouse for between £200m and £240m.
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OpinionHeineken hopes to be first to the Punch
Heineken’s bid for Punch would see the Dutch brewer and pub operator take on 1,900 pubs – with Patron Capital retaining the remaining 1,300 in the estate, MCA understands.
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NewsHeineken ‘in bidding war to acquire Punch’
Punch has confirmed it has received two bids to take over the company, and is in advanced talks with Heineken
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Cineworld deal for Empire Cinema cleared for completion
The CMA has cleared Cineworld’s acquisition of five cinemas from Cinema Holdings Limited
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McDonald’s to move non-US tax base to UK
McDonald’s has announced that it is moving its non-US tax base from Luxembourg to Britain.
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NewsLion Capital ‘in talks to acquire Loungers’
Former Wagamama backer Lion Capital is reported to be in exclusive talks to acquire Loungers in a deal worth £140m
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BGF invests in Bar Soba chain
The Business Growth has invested £3m in Bar Soba, the Glasgow-based bar and restaurant chain
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Fundamental’ Brexit effect on food and drink prices expected
Brexit will have a fundamental impact on food and drink prices, with foodservice inflation expected to rise by 3.4% in 2017 alone, David Read, chief executive of Prestige Purchasing has warned.
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Vianet H1 revenue up 1.44%
Vianet, the beer flow monitoring group, has reported revenue up 1.44% to £7.06m for the six months to 30 September.
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Analyst corner: Rollo on pub companies - A Flat Pint
Leading analyst Jamie Rollo at Morgan Stanley has said that pubs face an unenviable combination of weakening sales, mounting costs, and rising capex
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Livingbridge set to complete Rhubarb deal
Livingbridge is set to announce that it has acquired a majority stake in Rhubarb, the event caterer and restaurant operator
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NewsStonegate to acquire Intertain
Stonegate Pub Company has this morning announced that it has reached agreement to acquire Walkabout operator Intertain from Better Capital, in a deal valued at £39.5m
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NewsAdmiral FY turnover up 1.7%
Admiral Taverns has received just four requests about conversions to a Market Rent Only (MRO) option agreement since the pubs code came into force.
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NewsPatisserie Holdings in talks to acquire Maison Blanc
Patisserie Holdings, the AIM-list parent company of Patisserie Valerie, is in advanced talks to acquired Maison Blanc
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BrewDog bond hits £100k within hours
BrewDog’s latest fundraise had already generated more than £100,000 by lunchtime of its launch day.
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NewsFY PBT tops £7.5m at Turtle Bay
Turtle Bay, the Piper-backed Caribbean chain, saw pre-tax profit increase from £4.5m to £7.6m