Finance – Page 174
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Zonal acquires stake in High Level Software Ltd
Zonal Retail Data Systems has acquired a majority stake in hotel software company, High Level Software Limited (HLS)
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Destination & premium lfls up 2.3% Marston’s
Marston’s has this morning announced that like-for-like sales across its Premium & Destination division were 2.3% ahead of last year
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AB InBev completes SABMiller acquisition
AB InBev has completed its £79bn takeover of SABMiller to create the world’s biggest brewer.
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SSP not in running for Ed’s
Travel concession operator SSP is not in the running for Ed’s Easy Diner, which was brought back to the market last month
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M Restaurants breaks through £1.5m target
M Restaurants, the Martin Williams-led group, has surpassed the £1.5m target it was looking to raise through crowdfunding
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RCapital & SSP in the running for Ed’s
RCapital and SSP are both believed to be in the running to take on Ed’s Easy Diner
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Analyst corner: Burns on TRG
Leading sector analyst Karl Burns at Investec has said that The Restaurant Group (TRG) remains in a difficult spot with declining LFL sales, rising cost inflation and an uncertain outlook
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NewsPeyton & Byrne reviews options
Peyton & Byrne, the group led by restaurateur Oliver Peyton, has appointed advisors to explore its options
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Spirit pub freehold acquired for £2.34m
On behalf of OLIM Property Ltd, Coffer Corporate Leisure has completed the freehold acquisition of the Old Bell public house, in Old Oxted near Reigate
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Turtle Bay site sold for £1.18m
Birmingham Properties Group (BPG) has sold a restaurant unit let to Turtle Bay in Birmingham to a private investor for £1.18m
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Chipotle UK FY turnover up 11.8% but losses deepen
Chipotle UK saw turnover grow 11.8% to £8.2m in the year to 31 December but recorded a £4.7m operating loss.
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FY lfls up 5% at IRC
Individual Restaurant Company has reported a 5% increase in like-for-like sales for the year to the end of March 2016
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Burns: Changing capex cycle
Leading analyst Karl Burns at Investec believes like-for-like sales growth will be driven by increasing capital investment moving forward
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DP Poland announces share placing
Domino’s Pizza Poland has announced a conditional share placing to raise approximately £3.2m which will be used to open an additional 20 stores by 2020
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Krispy Kreme UK confirms sale to parent company
Krispy Kreme UK has confirmed its sale to its US-based brand owner, Krispy Kreme Group for an undisclosed sum
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Food prices suffer biggest fall
Food prices in Britain saw their biggest ever fall in September while overall shop prices fell at a slower rate compared to the previous month
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NewsLongshot to review options for Bel & The Dragon
Longshot has appointed advisors to oversee a review of its strategic options for Bel & The Dragon
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Burns: Landscape shifts set to continue
Analyst Karl Burns at Investec has said that the UK’s pub & restaurant sector is going through a period of significant change, resulting in market share shift, margin pressure and higher capex requirements, putting pressure on returns.
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Shop lfls up 2.8% at Greggs
Greggs has this morning reported a 2.8% increase in company-managed shop like-for-like sales for the 13 weeks to 1 October
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Krispy Kreme steps back from IPO plan
Krispy Kreme has abandoned its planned £200m London flotation in favour of a sale to its US parent, according to reports