Finance – Page 201
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NewsCMA raises concerns over TOBC acquisition of Bowlplex
The Competition and Markets Authority has objected to The Original Bowling Company’s acquisition of 17-strong Bowlplex.
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Analyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley says he expects sales growth at JD Wetherspoon to continue to slow over the coming years. JDW will announce its FY results next month and Rollo is predicting revenue up 7.6% and like-for-like sales growth of c3.4%.
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Conviviality closes in on Matthew Clark acquisition
The owners of the Matthew Clark drinks supplier, including Punch Taverns, have made a pledge to Conviviality that the business will not be sold to another party before 4 September.
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NewsQ2 same store sales up 12.9% at Shake Shack
Shake Shack, the Danny Meyer-founded better burger chain, saw same store sale increase 12.9% during its second quarter
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SMEs raise £1.46bn through EIS
SMEs raised £1.46bn of funding through the Enterprise Investment Scheme (EIS) last year
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NewsAnalyst corner: Rollo on Enterprise
Leading analyst Jamie Rollo at Morgan Stanley has published a comprehensive note on the five-year plan from Enterprise Inns to completely change the shape of its pub estate
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NewsInflexion takes lead in race for YO! Sushi
Inflexion Private Equity is believed to have jumped to the front of the queue to acquire YO! Sushi, in a deal which would value the group at c£100m
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NewsD&M outlines growth plans as turnover grows 20%
Drake & Morgan will open two to three regional venues in the coming years, but will continue to focus its openings schedule on London
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NewsJack: Economic outlook is favourable for consumers
In a note on The Restaurant Group (TRG/RTN), leading analyst Douglas Jack at Numis look at how the UK’s economic outlook is favourable for consumers
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Gower Brewery toasts £1m investment
Gower Brewery in Swansea is to quadruple its capacity and create up to 20 jobs with a new brewery and bottling line following investment of almost £1m
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NewsStonegate package sold for £6m
A package of four freehold pubs let to Stonegate Pub Company Limited or its subsidiaries has been sold to private clients for £6.17m
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PBT falls 21.5% at Molson Coors
International brewing brand Molson Coors reported a fall in underlying pre-tax profits by 21.5% in Europe to $68.1m (£43.92m) in its second quarter
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NewsJack: TRG has attractive prospects
Ahead of its interim results update on 28 August, leading analyst Douglas Jack at Numis has issued a Buy note on The Restaurant Group’s shares
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NewsFY lfls up 4.6% at Drake & Morgan
Drake & Morgan, the London-based bar and restaurant group backed by Bowmark Capital, saw turnover increase 20% to £24.6m in the year to 29 March 2015
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NewsPho secures new expansion fund, appoints new FD
Pho has secured just over £8m of new funding from NatWest, which should help the group grow to 30 sites over the next two to three years
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Davy’s acquires El Vino
Davy’s, the family-owned, London-based wine merchant and bar operator, has acquired the five-strong El Vino’s business
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Bridgepoint confirms discount card club deals
Bridgepoint, the backer of Pret A Manger and the Azzurri Group, has confirmed it has backed the management buyouts of tastecard and the Gourmet Society
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UK wine merchant Enotria acquires Coe Vintners
Two of the UK’s leading wine distributors are to join forces after Enotria announced the acquisition of Coe Vintners
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NewsHawksmoor to double Foxlow
Hawksmoor plans to open a further two sites in London under its Foxlow neighbourhood-style restaurant format after securing two sites from restaurateur Sam Harrison
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NewsFilmore & Union exceeds fundraising target
Independent café and deli group Filmore & Union has exceeded its fundraising target by £430k