Finance – Page 199
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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
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AB InBev approaches SABMiller to create “Megabrew”
SABMiller yesterday told the stock market that it had received an approach from Anheuser-Busch InBev to create an estimated $330bn (£212.8bn) company dubbed “Megabrew” by analysts
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NewsAB InBev to bid for SABMiller
Anheuser-Busch InBev has informed SABMiller it intends to make a proposal to acquire the latter brewing brand in a deal that would make a joint market cap of £162bn
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Eagle Eye heralds “breakthrough year”
Eagle Eye, the digital loyalty company for the retail and hospitality sectors, saw group revenue increase by 165% to £4.9m in the 12 months to 30 June
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NewsDeltic H1 lfls up 7.5%, secures new £15m banking facility
The Deltic Group saw like-for-like sales in the 26 weeks to 29 August increase 7.5%, with sales up 15.5%
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NewsCollyer: Prudent for M&B to announce NLW plans
Leading analyst Geof Collyer has said that it might be prudent for M&B to announce what it plans to do in terms of the National Living Wage (NLW) now
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Collyer: First time no net increase in JDW estate size since FY07
On the back of JD Wetherspoon’s full-year update on Friday, leading analyst Geof Collyer has suggested that the group’s net openings figure for its current year could be zero
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Mayfair Equity moves ahead in race for YO! Sushi
Mayfair Equity Partners is believed to have jumped ahead of rival investment group Inflexion in the running to acquire YO! Sushi,
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NewsHarry Ramsden's accelerating store growth following strong 2014
Joe Teixeira, chief executive of Harry Ramsden’s has told M&C the fish & chip chain is accelerating its store growth for 2016 and anticipates opening 10 -15 corporate units and a further 12 under franchise
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NewsCraft Beer Co reports record turnover
Craft beer bar operator Craft Beer Co has reported an uplift of 22% in its turnover across its six bars as it prepares to make its debut in the City
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NewsBe at One strengthens pipeline; lfls up 6%
Be At One, the Piper-backed cocktail bar chain, has secured new openings in Camden and Sheffield, as it saw like-for-like sales in the first half of its current financial year increase 6%
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Spur UK performance “disappointing”
Spur Corporation has said that the full-year performance of its business in the UK and Ireland was disappointing
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Food sales leading Wear growth
Wear Inns, the northeast pub operator, is expanding its estate using cash and existing banking facilities after a strong financial year that saw food and drink sales up following estate-wide refurbishments
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NewsJDW FY lfls up 3.3%
JD Wetherspoon has this morning reported a 3.3% increase in like-for-like sales for the 52 weeks to 26 July, with revenue up 7.4% to £1.51bn, but pre-tax profit down 2% to £77.8m
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NewsBurns: M&B has issue over what it is
Leading analyst Karl Burns at Panmure Gordon has argued that the fundamental issue with M&B is that it is now seen more as a restaurant company rather than a pub company
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NewsSom saa exceeds crowdfunding target in four days
Som saa, the Thai restaurant seeking its first site through crowdfunding, has exceeded its pitch target in just four days
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Heineken acquires stake in US craft brewer Lagunitas
Heineken has acquired a 50% stake in the California-based Lagunitas Brewing Company, the fifth largest craft brewer by volume
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NewsTRG to generate best organic growth in the sector
The Restaurant Group (TRG) will generate the best organic growth in the quoted pub and restaurant sector over the next five years
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NewsH1 PBT up 36% at Tasty
Tasty, the operator of the Wildwood and Dim T brands, has reported a 36% increase in pre-tax profit to £1.33m in 26 weeks ended 28 June 2015