Finance – Page 230
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Analysis & Insight
Consumer confidence hits three-year high
Consumer confidence is at its highest level for three years, according to the latest Deloitte Consumer Tracker
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News
Geronimo Inns lfl sales up 4.8%
Geronimo Inns, the Young’s-owned pub group, has reported like-for-like revenue growth of 4.8% for the year to 31 March 2014.
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News
Mezze’s future secured after parent company goes into liquidation
The future of Mezze has been secured despite its former parent company going into liquidation with £900k worth of debt
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News
Pernod Ricard posts Q1 sales growth
Pernod Ricard posted organic growth of 2% for its first quarter, representing a return to growth, despite a mixed performance in Europe
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News
Hawthorn completes Nectar deal
Hawthorn Leisure has completed the acquisition of Nectar Taverns, the operator of 25 pubs in the north west, in a deal understood to be valued at £10m.
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NewsArc Inspirations secures new funding
Arc Inspirations, the Leeds-based bar operator, has secured £3m of new funding as its looks to open 20 venues by 2017
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NewsMcDonalds reports global fall in sales for Q3
Positive UK sales was one of the few bright spots in a bleak third quarter update from McDonalds.
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News
Spirit FY managed lfls up 4.4%
Spirit Pub Company has this morning reported a 4.4% increase in like-for-like sales across its managed division for the 53 weeks to 23 August 2014
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News
Matthew Clark: Demand for UK products helps boost sales
On-trade supplier Matthew Clark has seen sales rise sharply, boosted by demands for English wines and beers
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NewsWhitbread H1 group lfls up 7%
Whitbread has this morning reported a 7% rise in group like-for-like sales for the six months to 28 August 2014, driven by a 6.1% rise in like-for-like sales across Costa in the UK and a 3.1% climb in sales in its restaurants division
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News
Fulham Shore begins trading on AIM
Fulham Shore has completed the acquisition of Kefi Ltd, the owner and operator of The Real Greek, for £13.9m and commenced trading on AIM
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NewsBatram: Short-term delivery, long-term questions with Just Eat
Leading analyst Nick Batram at Peel Hunt says that Just Eat still offers the potential to be a highly profitable business, but investors need to “enjoy the dish now before it gets cold”
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NewsSpirit set to recommend revised Greene King offer
Spirit Pub Company has announced that it is willing to recommend a revised takeover offer from Greene King of approximately 109.5p, which values the company at £723.5m
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Analysis & InsightIs crowdfunding just equity for punks?
Judging from the number of businesses which have jumped on its bandwagon to raise capital for growth, it’s clear that crowdfunding is – at the moment – as hot as pulled pork, says Paul Hemming, partner and head of Corporate Finance at Zolfo Cooper
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News
Piper takes stake in Hickory’s Smokehouse
Piper, the private equity backer of Loungers and Be At One, has acquired a stake in Hickory’s Smokehouse, the north west-based BBQ restaurant chain
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News
Bradford Brewery secures new funding
Bradford Brewery has secured £300k of new funding to support its growth plans, which include the launch of a brewpub
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NewsRecovery begins for M&C20
The M&C20 significantly outperformed a falling All-share Index last week, rising 0.8% to 1,149 points compared to a 1.2% fall for the All-share ending at 976 points
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News
Analyst corner: Nick Batram on Spirit
Under the heading “Greene with envy” Nick Batram at Peel Hunt looks at the upcoming full-year update from Spirit
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News
LFLS flat at Butcome pubs
Butcombe Brewery, the Somerset-based brewer and pub operator has reported flat like-for-like sales across its pubs and a decline in revenue as it disposed of two pubs from its portfolio leaving an estate of 18
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NewsCerberus sells eight-strong pub portfolio for £54m
TIAA Henderson Real Estate has acquired a portfolio of eight central London-based freehold pubs, all let to Spirit Pub Company, from Cerberus Capital Management for £54m