Finance – Page 227
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NewsJack: Solid H1 results expected for Fuller’s
Leading analyst Douglas Jack, of Numis, has predicted a pre-tax profit rise of 5% to £19m for Fuller’s when its interim results are released on Friday 21 November.
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News
Analyst corner: Brumby on Punch
Mark Brumby at Langton Capital says that whilst some observers would say ‘not before time’, others would marvel that Punch Taverns has been able to keep its underlying business to the extent that it has
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News
VQ eyes expansion after securing new funding
VQ, the 24-hour restaurant and bar concept, is set to go on the expansion trail after securing new investment from Richard Northcott, chairman of Theo Fennell
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News
Half-year revenue up at Land Sec
Landlord Land Securities said that it continued to reshape its portfolio, “acting decisively in response to rapid changes in consumer behaviour”
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NewsFY lfl net income up 1.3% at Punch
Punch Taverns has this morning reported a 1.3% rise in like-for-like net income across its 2,925-strong core estate
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News
Heartstone Inns eyes IPO
Heartstone Inns is currently talking to investors regarding a possible IPO, which would value the nine-strong company at c£13m
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NewsCollyer: Punch is re-emerging into the ring in better shape
Leading analyst Geof Collyer at Deutsche Bank has said Punch Taverns is emerging back into the ring in fitter, leaner form
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NewsMcDonald’s sales fall in October
McDonald’s saw comparable sales across Europe decrease by 0.7% in October as a solid performance in the UK was more than offset by very weak results in Russia
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Opinion
Analyst corner: Mark Brumby on leisure sector IPOs
Leading analyst Mark Brumby at Langton Capital takes a look at the appetite for going public and ask whether “take privates and IPOs are two sides of the same coin?”.
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News
Intertain targets new acquisitions following Alchemy deal
Intertain is to use funds from its new owners to actively pursue new acquisitions, chief executive John Leslie has said.
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NewsIntertain acquired by Jon Moulton’s Better Capital
Jon Moulton, the founder of private equity firm Alchemy Partners, has acquired Intertain, through current turnaround vehicle Better Capital, in a deal thought to be valued at c£15m
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NewsLuminar acquires Chicago Leisure
Luminar, the UK’s largest late-night operator, has acquired the eight-strong Chicago Leisure business from Sun Capital Partners for an undisclosed sum
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NewsInventive eyes IPO
The New Inventive Bar Company, owner of the Revolution vodka bar chain, is close to appointing advisors to work on a stock market listing for next year
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NewsSecond round bids due for TGI Friday’s
Up to six private equity groups are believed to be in the running to acquire the UK arm of TGI Friday’s, with second round bids for the 64-strong business due next week
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News
Krispy Kreme UK returns to profit
Krispy Kreme UK returned to profit in the year to 2 February 2014, on the back of an increase in underlying sales
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NewsBid activity holds back M&C20
The M&C20 was held back by bid activity this week, underperforming the wider market, growing 0.3% to 1,225 points while the AllShare Index was 1% higher, rising 10 points to 1,028, says Will Brumby of Langton Capital
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NewsAnalyst corner: Batram on TRG
Leading analyst Nick Batram at Peel Hunt believes there is potential for acceleration in like-for-like sales at The Restaurant Group
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News
Batram: Prezzo shareholders should reject bid
Leading analyst Nick Batram at Peel Hunt has said that Prezzo shareholders should reject the agreed £303.7m bid from TPG Capital
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NewsJack upgrades Punch to Add
Leading analyst Douglas Jack at Numis has upgrade his recommendation on Punch’s shares to Add from Hold
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News
Analyst corner; Brumby - JDW kicks investors in nuts, does right thing
Analyst Mark Brumby looks at the Q1 update from JD Wetherspoon and says that supporters of the company may feel a little let down despite their underlying support for business model