Finance – Page 226
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NewsFuller’s H1 managed lfl sales up 6.5%
Fuller’s has this morning reported a 6.5% increase in like-for-like sales across its managed pubs and hotels division
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NewsCollyer: Brewers will be the biggest winners
Leading analyst Geof Collyer Deutsche Bank has said that brewers will be the biggest winners from yesterday’s vote against the beer tie, and said he would be surprised if more than 20% of pubs took up the market rent only option
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Fine & Country Inns close to deal on two new sites
Fine & Country Inns founder Gary Hunt has said he is close to securing two new sites in Yorkshire.
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Analyst corner: Brumby on Punch
Mark Brumby at Langton Capital asks what if Punch scrapped Beer Tie, became a Prop Co, beefed up Buying Club, distributed 25% of it free to tenants & listed remainder on the Stock Market?
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NewsYoung’s H1 managed lfls up 7%
Young’s has reported a 7% rise in like-for-like sales across its managed estate in the 26 weeks to the 29 September
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Pubco shares drop in wake of pubs code announcement
Enterprise Inns and Punch Taverns saw their share prices plummet in reaction to the news that a market rent only option would be included in the pubs code.
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New sector focused fund launched
A new small cap private equity fund has been launched, which is seeking to raise £10m to invest in businesses operating in the consumer goods and leisure sectors
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NewsJack: Marston’s returning to growth
With Marston’s final results, due next Thursday, leading analyst Douglas Jack at Numis has forecast PBT to be down 6% at £83.2m (consensus: £85.5m)
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Jack: SSP positioned for growth
For SSP’s maiden final results, due next Thursday, leading analyst Douglas Jack at Numis has forecast EBIT being up 12% to £88m
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NewsH1 PBT up 24% at Thwaites
Thwaites, the Lancashire brewer and pub operator, has reported a 24% increase in pre-tax profit for the six months to 30 September 2014.
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Q1 revenue over £1m at Eagle Eye
Eagle Eye, the digital loyalty company for the retail and hospitality sectors, has said that revenue was above £1m during the first quarter of FY2015
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Analyst corner: Brumby on current trading environment
Leading analyst Mark Brumby at Langton Capital says that trading is still no walk in the park, with more discounting evident
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NewsLoungers H1 lfls up 3.9%
Loungers saw its like-for-like sales increase by 3.9% in the 26 weeks to 26 October
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NewsJack: M&B in need of a spark
Leading analyst Douglas Jack at Numis says Mitchells & Butlers (M&B) needs to clarify how it is going to generate LFL sales and margin growth
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NewsTortilla secures new £11m banking facility
Tortilla, the fast-casual Mexican restaurant group, has secured just over £11m in new bank financing from Santander Corporate Banking, which will allow it to open a further 25 sites
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Fine Burger sells catering arm
Magicgoal Ltd, the operator of Fine Burger Co and the Fine Food Company, has sold its event catering division, to the newly formed Fine Event Co
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NewsLeisure sector underperforms wider market
The M&C20 slightly underperformed the market, in what was one of the less eventful weeks in the leisure sector for some time. The M&C20 was down 0.2% over the week to 1,222 points while the Allshare was up 0.4% to 1,031 points
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NewsAnalyst corner: Rollo on beer sales
Jamie Rollo at Morgan Stanley looks at the recent rise in beer sales in the UK, and says that this is particular good news for Punch Taverns and Enterprise Inns
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NewsTRG lfls up 3%
The Restaurant Group (TRG) has reported that like-for-like sales increased 3% in the 45 weeks to 9 November, with total sales up 10.3%
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NewsJack: Tough trading at TRG, prospects remain strong
Leading analyst Douglas Jack at Numis has said that although he is cautiously trimming his 2014E forecasts for The Restaurant Group (TRG) prospects for 2015E remain strong