Finance – Page 233
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NewsPrezzo bid has little impact on share price
The M&C20 was down 1.6% to 1,187 points this week, outperforming the All-Share Index which was down 1.9% to 1,010 points, Will Brumby of Langton Capital reports
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Chapel Down ends crowdfunding drive after raising £3.95m
Chapel Down Group, the Kent-based winemaker and brewer, has closed its crowdfunding campaign after raising the maximum of £3.95m in about four weeks
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Analyst corner: Nick Batram on Prezzo
Nick Batram at Peel Hunt says that a bid approach around the current share price significantly undervalues a group of Prezzo’s “pedigree and potential”.
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Hawthorn in exclusive talks for Nectar
Hawthorn Leisure is believed to have entered exclusive talks to acquire Nectar Taverns, which operates 25 wet-led freehouses in the North West
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Jack: Proposed Prezzo price unattractive
Leading analyst Douglas Jack at Numis said that the proposed offer price for Prezzo is unattractive, but announcing the approach may flush out higher bids
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NewsLloyds Bank approves Punch restructure
Punch Taverns has just one more hurdle to jump before its restructure is confirmed, after the plan was approved by Lloyds Bank on Thursday
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NewsAnalysts issue a Hold on Domino's despite 'stunning' UK performance
Two leading analysts have reiterated their Hold recommendations for Domino’s despite strong Q3 results
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NewsDomino’s UK Q3 lfls up 12.9%
Domino’s Pizza Group has reported a 12.9% increase in like-for-like sale across its UK estate in the 13 weeks to 28 September 2014, with sales up 11.8% year-to-date
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NewsTragus completes restructure, appoints new chair
Tragus has completed its restructuring and refinancing, which has seen the company reduce its debt burden from £258m to £91m and cut its estate to c200 core sites
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News FY EBITDA up at Hawksmoor
Underdog Restaurants, the operator of Hawksmoor saw underlying EBITDA for the year to the end of 2013 climb from £2.7m to £4.8m
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Jack: Still plenty of growth in the UK for Domino’s
Leading analyst Douglas Jack has said that with UK franchisee profits up 17% and new store average sales up 12% in H1, there is plenty of growth left in the UK for Domino’s Pizza.
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Aston Manor FY EBITDA exceeds £10m
Aston Manor Brewery, the Birmingham-based cider maker, saw EBITDA grow from £6.1m to £10.5m in 2013
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Veeno eyes crowdfunding rollout
Italian wine café Veeno has launched a crowdfunding campaign and aims to open four new sites by June 2015
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Handmade Burger secures funding package
Handmade Burger Company has secured a new £400,000 funding package from Lloyds to support plans to open four new sites
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NewsH1 lfls up 9% at Be At One
Be At One has reported a 9% increase in like-for-like sales for the 26 weeks to 28 September and secured a further regional site in Oxford
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Financial watchdog to start Tesco investigation
The Financial Conduct Authority (FCA) is to undertake a “full investigation” into Tesco’s announcement last month that it had overstated its expected H1 profits by an estimated £250m
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NewsEclectic FY PBT up 10%
Eclectic has reported a 10% rise in full-year pre-tax profit for the 52 weeks to 29 June, a year in which revenue on continuing operations climbed 11.7% to £23m
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Secure Trust Bank launches “alternative” hospitality lending facility
UK banking facility Secure Trust Bank PLC has launched a commercial finance business called Secure Trust Bank Commercial Finance for SMEs in the leisure and hospitality sector
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NewsFulham Shore to acquire Real Greek, to seek AIM listing
Fulham Shore, the David Page-led investment vehicle has announced it has conditionally agreed to acquire Kefi Ltd, the owner of The Real Greek restaurant group, for £13.9m
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Natwest and RBS launch 'business accelerator hubs'
Natwest and RBS have announced the launch of eight new “business accelerator hubs” to offer mentoring to businesses, including the chance to win “growth awards”