Finance – Page 228
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NewsMarston's signs deal to build pub in Stafford business park
Marston’s has signed up as the first tenant of an extension to the Beacon Business Park in Stafford to develop a pub and 180-cover restaurant.
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JDW needs consistently better all round performance
Leading analyst Sahill Shan at N+1 Singer has said that for JD Wetherspoon’s shares to kick on and warrant a positive stance the company needs to demonstrate a consistently better all round performance
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NewsEllis on Diageo: near term prospects “very encouraging”
Diageo’s management is “continuing to pull the right levers” as demonstrated in its portfolio updates and “Route to Consumer” (RtC) programme however there is no near term catalyst for transformational growth in India and Africa, a leading analyst has said
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NewsJDW reports lfls up 6.3% for Q1 but sales sales growth slowed in October
JD Wetherspoon has reported a slowdown in sales growth in October, but said like-for-likes for the 13 weeks to 26 October were up 6.3%.
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Calculus launches new fund
Calculus Capital, the private equity backer of Benito’s Hat and Chop’d, has launched its latest round of fundraising, as it looks to raise £25m
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NewsStrong UK performance helps drive Burger King Q3 sales
A strong performance in the UK helped to drive global comparable sales at Burger King up 2.4% in the three months to the end of September
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NewsAnand says Spirit is 'transformational deal'
Greene King CEO Rooney Anand has not ruled out further acquisitions despite the brewer reaching agreement this morning on its £773m takeover of Spirit Pub Company.
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NewsFrench: JDW a troubling dynamic
Simon French at Cenkos has initiated his coverage of JD Wetherspoon with a Sell recommendation and said that he expects its customers to trade up to casual dining units as their real incomes rise
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NewsJack: Prospects remain strong for TRG
Leading analyst Douglas Jack at Numis believes the prospects for The Restaurant Group remain strong
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Brumby: GK/Spirt integration to benefit Marston’s
Leading analyst Mark Brumby at Langton Capital has said that Marston’s could benefit from Greene King’s proposed acquisition of Spirit Pub Company
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DP Poland sells five managed sites
DP (Domino’s Pizza) Poland has announced the sale and sub-franchising of five corporately managed stores in Warsaw
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NewsGreene King and Spirit agree £773.6m deal
The boards of Greene King and Spirit have announced that they have reached agreement on the terms of a recommended offer, which will see the former acquire the latter in a £773.6m deal and create a 3,127-strong pub company
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Taylor St Baristas to raise £3m through “Coffee Bond”
Taylor St Baristas is hoping to raise £3m through the UK’s first crowd-sourced “Coffee Bond”
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Ramsay explores sale of stake in restaurant business
High-profile chef Gordon Ramsay is lining up a sale of a 50% stake in his restaurant business, which could value it at up to £80m
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NewsM&C20 rises in afterglow of bid speculation
The M&C20 rose 2% this week to 1,221 points, ever so slightly underperforming the 2.1% rise in the wider market which saw the FTSE All-Share end at 1,018 points, says Will Brumby of Langton Capital
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NewsRollo: M&B FY to be towards the low end of expectations
Leading analyst Jamie Rollo at Morgan Stanley has said he believes that Mitchells & Butlers (M&B) full year results will be towards the low end of expectations
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Analyst corner: The warm weather in 60 seconds
Mark Brumby at Langton Capital says that while clothes retailers may have been bleating about it but it’s good to know the Indian summer has been good for somebody; pubs have got another month out of their beer gardens
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NewsABInBev Q3 UK own beer volumes fall 9.8%
ABInBev, the Stella Artois and Budweiser brewer, saw UK volumes of its products fall 9.8% in Q3.
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NewsAnalyst corner: GK gets another five days
Mark Brumby at Langton Capital looks at the current state of play in the approaches for Spirit and the extension of the put-up-or-shut-up deadline to 5pm 4 November
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NewsStarbucks says strong UK performance drove 5% lfl sales growth in Q4
Starbucks reported 5% like-for-like global sales with a “particularly strong performance in the UK” in Q4 2014.