Finance – Page 212
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NewsFulham Shore leads M&C20 risers
The M&C20 outperformed the market this week, rising 0.1% (1,338 points) against the All-Share’s 0.7% decline (to 1,073 points) as investors favoured domestic stocks in fear of an international slowdown
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NewsBrewDog hails “epic year” with FY profit up 69%
BrewDog has announced its sixth consecutive year of record growth, having increased its annual turnover by 64% to over £29.6m in 2014
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Booker says Q4 sales up 1% and announces restructure
Wholesaler Booker has announced sales rose by 1% year on year for the 12 weeks to 27 March.
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NewsDowning secures £6m for Oakman JV
Downing’s investment in the licensed sector has risen to c£70m as it secured a further £6m for its partnership with Oakman Inns.
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NewsPing Pong eyes further expansion
Ping Pong plans to open a further two sites in London before the end of the year after describing the last 12 months as transformational for the company
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NewsPoundPub’s Carlsberg deal allows BT Sport screenings
PoundPub, the North West-based ‘no frills’ pub concept, has signed a deal with Carlsberg which will allow it to screen BT Sport in all its outlets, M&C Report has learnt.
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NewsThwaites deal will aid Marston’s NW expansion
Marston’s chief executive Ralph Findlay has told M&C Report that the acquisition of Daniel Thwaites beer division will help it strengthen its position in the north west of England.
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Thwaites: Marston's deal will mean Inns growth
Richard Bailey, chief executive of Daniel Thwaites, has said the £25m raised from selling its beer division will allow the company to grow its Inns of Character division even quicker.
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Jack: Marston’s accretive acquisition
Leading analyst Douglas Jack, of Numis, has upgraded his forecast for Marston’s following its acquisition of Daniel Thwaites beer division.
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NewsLuminar lfs up 5.1% for Q4
Nightclub operator Luminar saw like-for-like sales rise 5.1% in the 12 weeks to 28 March.
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NewsTLG secures £10m expansion fund
Thai Leisure Group (TLG), operator of the Chaophraya and Thaikhun brands, has secured £10m of new funding from Santander to aid its expansion plans
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Neds signs international 100 site franchise deal
Neds Noodle Bar, the London-based fast food concept, has signed an international franchise deal to open up to 100 sites beginning with the UK, Germany and UAE, M&C Report has learnt
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Fulham Shore shares rise after Franco Manca deal
Fulham Shore, the Real Greek operator, has seen its share price rise 7.5% after announcing a conditional agreement to acquire the 10-strong Franco Manca chain for c£27.5m.
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Home affordability in UK cities deteriorates to 2009 levels
The past year has seen a deterioration in affordability in UK cities, driven by rising house prices across the country
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Compass predicts revenue growth of 5.5% for H1
Contract caterer Compass has said it expects to report organic revenue growth of 5.5% when it presents its H1 results in May.
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NewsFulham Shore agrees to acquire Franco Manca
Fulham Shore has conditionally agreed to acquire the 10-strong Franco Manca chain for c£27.5m
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Tasty sees 46% rise in pre-tax profits in FY14
Tasty, operator of the Wildwood brand, saw revenue rise 28% in the 52 weeks to 28 December with a 46% increase in pre-tax profits.
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NewsMoto completes refinancing
Moto Hospitality, the motorway service area operator, has completed a refinancing deal.
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NewsEclectic plummets as M&C20 declines
The M&C20 was down 2.6% last week underperforming the All-Share which was down 1.3% as domestic sectors once again underperformed the wider market. The All-Share was held up by gains in oil and mining stocks on the back of rises in the oil price, though this didn’t prove enough to offset what has been a week of decline for most major stock markets
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Analyst: Brumby on JDW buybacks
Leading analyst Mark Brumby at Langton Capital looks at why JD Wetherspoon has spent another £325,000 today buying back its own shares.