Finance – Page 216
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NewsTLG eyes further expansion
The Thai Leisure Group has lined up four further openings for Thaikhun, its street food-inspired concept, after securing a new funding package
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News
M&C20 at all-time high
The All-Share Index is close to its all-time highs this week and it’s worth noting that the last time the index recorded a new all-time high was in 1999. That said, the wider market is currently being held back by geopolitical events with the All-Share recording an increase of just 0.3% (to 1,080 points) this week. The M&C20 by comparison was up 0.5% to 1,347 points, most likely outperforming due to its domestic bias
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NewsAnalyst corner: Brumby – the only constant with hospitality is change
Leading analyst Mark Brumby at Langton Capital says that change is the only constant but asks do operators signing 25-year, upward only leases have this front of mind?
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NewsBatram: Expect Domino’s UK lfls to rise 15% FY14
Leading analyst Nick Batram at Peel Hunt has said Domino’s performance in Germany is likely to have dragged down a strong showing in the UK when the pizza chain reports it FY14 results on Thursday.
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NewsBatram: TRG to serve up more growth
Leading analyst Nick Batram at Peel Hunt has predicted The Restaurant Group (TRG) to report a solid set of figures for FY14 next week “with all areas of the business performing well”.
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News
Pubs drive sale uplift at train stations
Network Rail has reported a 6% increase in retail sales for the final quarter of 2014, driven by an 18.3% rise in sales across pubs & bars
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Analysis & Insight
Britain is becoming a nation of (younger and female) angels
Angel investors are making more investments than ever before and their numbers are swelling
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Ellis: Whitbread FY prospects look positive
Wyn Ellis at Numis has said he expects a positive pre-close statement from Whitbread on Wednesday 25 February.
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AlixPartners confirms Zolfo acquisition
AlixPartners LLP has confirmed that it has entered into an agreement to acquire the business and assets of Zolfo Cooper Europe
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Jack: Strong prospects for TRG
Leading analysts Douglas Jack, of Numis, has raised his target price for The Restaurant Group and predicted a strong performance when the company reports its final results on Friday 27 February.
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News
Center Parcs appoints banks to work on IPO
Blackstone has hired investment banks to oversee the potential £2.5bn stock marketing listing of Center Parcs
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NewsBurger King parent company reports 2.8% rise in EBITDA
Restaurant Brands International reported sales growth in the final three months of 2014 as it credited new menu items for driving traffic
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NewsSSP and Jamie Oliver sign European deal
Jamie Oliver Restaurant Group has agreed a partnership with SSP to operate Jamie’s Italian restaurants at airports across France, Germany, Switzerland and Holland
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NewsMcMullen’s acquires Whitehall freehold
McMullen’s has acquired the freehold of the property in London’s Whitehalll that currently houses JD Wetherspoon’s the Lord Moon on the Mall
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NewsM&C20 continues to climb
The M&C20 was up 2.7% to 1,341 points this week, outperforming the wider market which ended up 0.7% at 1,077 points. The wider market will have been influenced by geopolitics and oil price speculation this week, leading the M&C20 to outperformance as investors retreat to what is a broadly domestic sector
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News
FY Profit up at Heavitree
Heavitree Brewery has reported a 4.39% rise in group operating profit to £1.4m in the year to 31 October, alongside a slight drop in turnover of £33k to £7.2m
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NewsAnalyst corner: Rollo on JDW
Leading analyst Jamie Rollo at Morgan Stanley looks ahead to the half-year update from JD Wetherspoon
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NewsStonegate portfolio sold for £30m
A package of pubs let to Stonegate Pub Company has been sold by its backer TDR Capital to real estate investment company Mansford for c£30m
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News
Titanic Brewery completes six-figure refinancing deal
Stoke-based brewer and pub operator Titanic has completed a refinancing as it targets growth from nine pubs to 30 by 2020.
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NewsJack: Trading to have remained strong at Domino’s
Leading analyst Douglas Jack at Numis has said that he believes trading should have remained strong at Domino’s during Q4