Finance – Page 208
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NewsBig week for pubcos boost M&C20
The M&C20 had a very strong week last week, and has again outperformed the wider market this week rising 0.7% against a 0.3% drop in the FTSE all-share, Will Brumby of Langton Capital writes.
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NewsOliver explores options for restaurant business
Jamie Oliver is exploring options regarding his restaurant business, which includes the Jamie’s Italian chain and Barbecoa concept
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FY EBITDA up 10% at Richoux
Richoux Group saw adjusted EBITDA increase 10% to £1.63m in the year ended 28 December 2014
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NewsJack: TRG 2015 lfls to top 3%
Leading analyst Doug Jack at Numis predicts FY like-for-like sales to rise 3% at The Restaurant Group as customer cash flow improves following its solid trading update
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Warm April boosts pub spending 8%
Discretionary spending in the leisure sector was a key driving force for growth in April with spend on eating out and cinema visits up 7.3% year on year, according to the latest consumer spending report from Barclaycard
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NewsTRG: positive start to 2015 as momentum continues to build
The Restaurant Group (TRG) reports total sales up 8.5% year on year for the 19 week period to 10 May 2015 and like-for-like sales ahead by 2% and anticipates momentum to continue building
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Keuken launches crowdfunding campaign
Keuken, a self-service takeaway meal service in a wall concept, has launched a fundraising campaign on Crowdcube to raise £100k to set up a flagship site in Shoreditch as a direct challenge to the food-on-the-go market
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Analysts corner: ETI overhaul “inevitable”
Analysts have welcomed Enterprise’s announcement as “sensible, inevitable and well-planned” and said a similar move must now be expected from Punch Taverns.
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Jack: Expect strong H1 results from SSP
Leading analyst Douglas Jack, of Numis, has said he expects strong results from travel concessions operator SSP when it reports its H1 results on 21 May.
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NewsJack: TRG to have maintained momentum
Leading analyst Doug Jack at Numis has said that he believes like-for-like sales at TRG should have at least maintained momentum in March and April
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PRS for Music revenues up 1% in 2014 to £664m
Combined PRS and MCPS royalty income hit £664.3m in 2014, an increase of 1% on the previous year, despite a continuing decline across pubs and clubs
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NewsPrivate equity groups circle YO!
Up to four investment firms have gone through to the second round of bidding to acquire YO! Sushi
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NewsPolitical stability brings strength to sector
Election week was always going to be big news across the country and in the stock market it was no different. Ahead of the result the prospect of a hung parliament had the All-Share index subdued, but it opened up almost 2% today following the news of a continuation of Tory leadership, bringing the weekly change to up 1.4% for the UK index. The M&C20 outperformed markedly as domestic stocks were strong on relief that the government’s economic strategy is likely to remain unchanged
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Jack: ETI to reveal transformational strategic review
Leading analysts Douglas Jack, of Numis, has said he expects a ‘transformational strategic review’ when Enterprise Inns reveals its H1 results next week.
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Jack: Expect gradual progress from M&B
Leading analyst Douglas Jack, of Numis, has said he expects to see gradual progress from Mitchells & Butlers when it reports its H1 results next week.
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Brumby: JDW should draw clear from the pack
Mark Brumby at Langton Capital has said that JDW now seems to be saying that its like-for-like sales could trend towards flat for the rest of the year
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NewsParson: GK’s update reminder of Spirit deal importance
Nigel Parson at Canaccord Genuity has argued that Greene King’s “lacklustre” trading statement served as a reminder of the importance of its acquisition of Spirit
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Jack: JDW breakfast push won’t counter margin fall
Leading analyst Douglas Jack, of Numis, has questioned whether volume growth from JD Wetherspoon’s drive to grow breakfast sales will offset the hit on margins.
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Intu: Continued improvement in retailer demand
Intu has reported continued improvement in retailer demand with 44 new long term leases agreed for £7m new annual rent in the year to date
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ABInBev Q1 UK own beer volumes fall 7%
ABInBev, the Stella Artois and Budweiser brewer, saw UK volumes of its products fall 7% in Q1