Finance – Page 203
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News
Nichols acquires Feel Good Drinks
Nichols has announced the acquisition of the Feel Good Drinks brand from MBG International Premium Brands for an undisclosed sum
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Jack: Fuller’s exceeding outperforming London market
Leading analyst Douglas Jack has said Fuller’s continues to outperform the London managed pub market and forecasts for its full-year performance may be cautious.
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NewsM&B shares slide over Living Wage fears
Mitchells & Butlers has seen its share price slide since the announcement that a National Living Wage will be introduced.
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Chipotle: Q2 lfls up 4.3% and record UK performance
Chipotle, the Mexican grill brand, has reported record opening sales for its latest UK site, as it announced a 4.3% rise in global like-for-like sales for the second quarter ending June 30.
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Houlihan Lokey acquires McQueen
Houlihan Lokey, the international investment bank, has agreed to acquire McQueen Limited, the London-based independent advisory firm
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NewsMarston’s managed lfls up 1.7%
Marston’s has reported like-for-like sales in its managed houses up 1.7% for the 41 weeks to 18 July and 2% in the past 10 weeks.
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H1 lfls up 23.3% at DP Poland
Domino’s Pizza Poland has reported 11 consecutive quarters of double digit like-for-like system sales growth, with system sales up 23.3% in its first half
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Jack: Fuller’s sales to have remained strong
Leading analyst Douglas Jack at Numis has said that with Fuller’s Q1 trading statement due on Thursday, he expects like-for-like sales to have remained strong
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NewsFilmore & Union doubles crowdfunding pitch
Filmore & Union, the independent café and deli chain, has extended its crowdfunding pitch by 45 days and doubled its funding target
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Jack: SSP forecast may to be over-cautious
Leading analyst Douglas Jack, of Numis, has said that forecasts of 3% like-for-like sales growth over the full year at travel concessions operator SSP may be too cautious.
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Jack: Winners and losers of National Living Wage
Douglas Jack, of Numis, has altered his forecasts for most of the managed pub and restaurant to reflect the impact of the new National Living Wage.
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Grind: overfunding; apps & ApplePay
Grind & Co, the London based independent coffee shop operator, is developing its own app having exceeded its crowdfunding target in 20 days
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NewsCosta franchisee set to double estate
A Costa franchisee couple has opened their 20th Costa coffee shop after receiving a £2m finance package from HSBC’s franchise unit
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Analysts’ corner: JDW Q4 performance
Analysts give their verdict on JD Wetherspoon’s performance in the final quarter of its financial year, including what impact its pledge to increase starting wages by 8% is likely to have.
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NewsCDG in talks to acquire La Tasca
Casual Dining Group (CDG), which recently acquired Las Iguanas, is in advanced talks to acquire La Tasca, the 46-strong Spanish tapas chain, for a sum in excess of £25m, M&C understands.
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Numis downgrades JDW 2016 projections
Leading analyst Douglas Jack, of Numis, has cut pre-tax profit forecasts for JD Wetherspoon after it announced a further 8% increase to staff starting pay.
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NewsFrench: Expect further M&A activity after Cote deal
Leading analyst Simon French, of Cenkos, has said he expects further M&A activity in the sector over the coming months, following the acquisition of Cote by BC Partners.
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Consumer spending on hospitality continues to rise
Consumer spending grew 14.8% in restaurants and 12.1% in pubs year-on-year, according to Barclaycard’s latest report
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Expiration date proposed for gift cards
The use of gift cards and prepaid cards are facing scrutiny as the government and watchdog groups in the UK are strengthening the protection offered to consumers
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NewsJDW Q4 lfls up 2.9%, year to date 3.4%
JD Wetherspoon has reported a 2.9% rise in like-for-like sales in the 11 weeks to 12 July and a 3.4% increase in the year to date (50 weeks to 12 July).