Finance – Page 198
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NewsStonegate agrees to acquire TCG
Stonegate Pub Company, the TDR Capital-backed, managed pub operator, has agreed to acquire Tattershall Castle Group (TCG), for an undisclosed
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NewsFY EBITDA up 32.7% at Itsu
Itsu has reported that “soaring demand for healthier choices” led to a 32.7% increase in its EBITDA to £6.9m for the year to the 1 January 2015
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Everyman strengthens pipeline
Everyman Media Group, the cinema operator, said it swung to a pretax loss in its first half due to investment in ramping up its operations
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G1 Group reports EBITDA up 10%
Brian McGhee, the chairman of Scottish leisure operator G1 Group, has said the company’s 10% growth in EBITDA for the year ended 31 March is even more impressive given the more sluggish economic recovery seen in Scotland.
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NewsOliver to take self-funded route with restaurants
Jamie Oliver has decided not to sell a stake in his restaurant business but continue its expansion through a self-funded model
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NewsHydes acquires Woodward & Falconer
Hydes Brewery has acquired the Chester-based Woodward & Falconer Pub Co, which it said would provide a platform for further acquisitions of food-led businesses
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NewsCubitt House assesses options
Cubitt House, the London-based group led by Stefan Turnbull, has appointed advisors to assesses its options, which could lead to a sale of the business
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Vagabond assesses funding options
Vagabond is assessing its future funding options to aid further expansion, after becoming one of the first operators to sign up open at the new Battersea Power Station development
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Rollo: Various options open to new M&B CEO
Leading analyst Jamie Rollo, of Morgan Stanley, has said new Mitchells & Butlers chief executive Phil Urban faces a number of challenges in his new role, including weak like-for-likes, rising restaurant competition and wage cost pressures.
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NewsSquare Pie lowers fundraising target
Square Pie has lowered the minimum investment for its mini bond to £450k but founder Martin Dewey told M&C he is confident of reaching the original target of £750k
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Abokado sees uplift in breakfast sales
Abokado has said that breakfast sales now account for more than 10% of total sales
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Chapel Down H1 sales up 33%
Chapel Down Group, the Kent-based wine producer, saw sales rise 33% year-on-year to £3.25m for the six months to 30 June.
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Sales uplift at Friday’s
TGI Friday’s UK has reported a 10% rise in total sales over the course of 2015 so far, with profits up over 16%
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NewsH1 EBITDA UP 1.1% at Richoux
Richoux Group has this morning reported a 1.1% rise in adjusted EBITDA to £790k for the 28 weeks to 12 July 2015, with turnover up 0.3% to £6.7m.
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NewsSoho House sells 50% stake in restaurant business
Soho House Group has sold a 50% stake in its restaurant business, which oversees the Pizza East, Chicken Shop and Dirty Burger concepts
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AG Barr sees H1 turnover fall 2.8%
Soft drinks group AG Barr saw turnover from ongoing business fall 2.8% for the six months 25 July.
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Fuel reports record profits
Fuel Juice Bars, the Kings Park Capital-backed smoothie and juice concept, has reported like for like sales growth of 10% for the in 2015 as it ramps up expansion to 30 sites by the end of the year
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DP Poland sees lfl growth increase over summer
Domino’s Pizza Poland saw like-for-like system sales grow 17% in August and 18% in July.
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NewsPolpo set for next stage of growth
Polpo is set for its next stage of growth after securing new bank funding and its first regional site in Brighton
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Darwin & Wallace secures Chiswick site
Darwin & Wallace has secured its fourth site after acquiring the All Bar One in Chiswick from M&B