Finance – Page 197
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NewsItsu secures new £40m funding package
Itsu has secured a refinancing package from HSBC worth £40m to fund its “ambitious international expansion plans”
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Sector snapshot: AB InBev/SABMiller deal no small beer
When the news surfaced of a possible merger between beer giants AB InBev and SABMiller, markets soared seeing the potential for a great deal. But with SABMiller’s board split and this morning’s efforts to drive up the asking price, nothing is certain. Finance expert Nuno Fernandes of IMD give his view on the challenges and opportunities of the deal and his five golden rules for M&A.
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Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects JDW to report like-for-like growth of around 1.5%
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Westons reports best year to date
Westons Cider has reported its best year to date with growth driven by its premium draught brands as well as launching its mulled cider into the off-trade
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AB InBev CEO urges SABMiller shareholders to lobby board
AB InBev’s chief executive has accused the SABMiller board of trying to frustrate a takeover bid and urged shareholders up the pressure on entering into discussions.
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NewsBids due for Gaucho and Ed’s
First round bids are due this week for Gaucho and Ed’s Easy Diner, the fast-growing 1950’s American diner concept
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NewsSABMiller shareholders reject AB InBev bid
SABMiller’s second-biggest shareholder has rejected AB InBev’s £65bn takeover bid.
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Diageo and Heineken complete stake sales
Heineken has announced its has acquired stakes in joint ventures from Diageo for $781m, taking control of Jamaica’s maker of Red Stripe beer in the process
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NewsLV to invest c£7m in Birmingham
Living Ventures is to invest c£7m over the next few years launching a number of the brands it has developed in Birmingham
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NewsQ3 sales up 1% at KFC UK
Yum! Brands has reported a 1% rise in sales growth across its c900-strong KFC UK estate in the three months eneded 5 September, with sales year-to-date up 4%
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Barnfather: Shep Neame gathering momentum
Leading analyst Anna Barnfather at Panmure Gordon has said that Shepherd Neame is gathering momentum
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Punch completes Matthew Clark sale
Punch Taverns has completed the sale of its 50% stake in the Matthew Clark drinks supply business to Conviviality in a deal worth £100.7m.
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NewsAB InBev makes SABMiller bid public
AB InBev has made a revised offer to the board of SABMiller to combine the two companies and “build the first truly global beer company”.
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SABMiller NPR up 4% for H1
SABMIller has reported net producer revenue up 4% for the six months to 30 September and said performance in the UK was in line with last year.
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Gordon Ramsay Group reports FY lfls up 4.2%
Gordon Ramsay Group has reported like-for-like sales in its UK restaurants up 4.2% for the year to 31 August
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NewsStonegate plans TCG parcel sale and leaseback
Stonegate has placed a four-strong package of central London-based freehold sites on to the market as part of sale and leaseback process
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NewsBrewDog reaches £10m crowdfunding milestone
BrewDog has broken the world record for the biggest equity crowdfunding raise, attracting £10m in the latest round of fundraising for Equity for Punks.
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Moody’s affirms Stonegate rating after TCG deal
Moody’s has said that Stonegate’s deal for TCG is being financed with a £80m tap of its senior secured fixed rate notes due 2019, as well as sale-leaseback proceeds
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Groupe Bertrand in exclusive talks over 509 Quick restaurants
Groupe Bertrand, the majority stakeholder in Burger King France, is in exclusive negotiations to acquire the 509-strong Quick restaurant chain.
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NewsJamie’s Italian reports FY sales up 7%
Jamie’s Italian saw sales rise 7% £106.9m in 2014, while underlying earnings ticked up by 0.3% to £12.3m.