Finance – Page 190
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Analysts corner: Rollo on M&B, JDW and GK
Leading analysts Jamie Rollo has said key questions over the next few weeks will centre around Mitchells & Butlers, JD Wetherspoon and Greene King.
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TRG shares slump; on track to produce double-digit profit growth
More than £230m was wiped off the value of The Restaurant Group (TRG) yesterday as it reported a dip in like-for-like sales
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Crowdcube to open Manchester office
Crowdfunding platform Crowdcube is expanding into the North of England, with an office opening in Manchester in February.
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NewsTRG FY lfls up 1.5%; cautious on outlook
The Restaurant Group has this morning reported a 1.5% increase in like-for-like sales for the 52 weeks ended 27 December 2015 but said that it was more cautious than previously on the outlook for 2016
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McGettigan’s secures first UK site
Glendola Leisure has sold its leasehold interest in Brogan’s, Fulham Broadway, to global bar operator McGettigan’s for an undisclosed sum.
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FY revenue up 24% at Corbin & King
Corbin & King, operator of The Wolseley, reported a 24% increase in revenue to £43.8m in the year to 29 March 2015
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Cabana FY turnover breaks £10m mark
Cabana saw turnover climb 27% in the year to the end of 2015 to £10.4m, with October marking its first £1m month (net)
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Asahi lines up bid for Peroni and Grolsch
Japanese drinks company Asahi is understood to be lining up a $3.4bn bid for Peroni and Grolsch.
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Cineworld UK FY retail sales up 11.4%
Cineworld has reported retail sales in the UK and Ireland up 11.4% for the 12 months to 31 December.
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Just Eat reports FY order growth of 57%
Just Eat, the online platform for takeaways, has reported like-for-like order growth of 46% for the year to 31 December 2015.
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NewsCote acquires Jackson & Rye
Cote, BC Partners-backed group, has acquired Jackson & Rye and Limeyard from Richard Caring, with plans to roll out both fledgling concepts
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Christmas trading 2015 round-up
M&C talks to some of the sector’s leading operators to find out how they fared during the Christmas period. Here is a summary of their responses
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NewsGlobal firms ‘will target more craft brewers in 2016’
Global beer giants will continue to target craft brewers for fear of losing market share but further opportunities within the UK market may be limited, according to Peter Hansen, of Sapient Corporate Finance.
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TRG: Recovering from the rugby tackle
Leading analyst Nick Batram has said he expects The Restaurant Group to meet market expectations when it gives a post-close update next week.
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Equistone closes in on Gaucho
Private equity group Equistone is believed to be putting the final touches to its proposed c£100m acquisition of Gaucho
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NewsBrasserie Bar Co grows pipeline
Brasserie Bar Co has reported a 6% increase in like-for-like sales across its Brasserie Blanc chain and a 9% rise across its White Brasserie Pub Company during December.
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Rollo: JDW amongst bottom three share picks
Leading analyst Jamie Rollo has placed JDW amongst his three bottom share picks for 2016, whilst Whitbread are one of his top three
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Analysis & InsightBig boys can expect strong year
Leading analyst Simon French, of Cenkos Securities, looks at how some of the sector’s biggest companies have performed during the past year, how major deals have impacted on the sector and why he would like to see a ‘merger of equals’ between TRG and M&B in 2016
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Pieminister swings into profit
Pieminister has announced plans to open at least five new sites this year after swinging into profit in the 12 months to 31 March 2015
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NewsRed’s secures further investment
Red’s True Barbecue has secured a further £9m of investment as it looks to open a further eight to 10 sites over the next two years