Finance – Page 235
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News
Chapel Down raises extra £570k
Chapel Down Group, the Kent-based winemaker and brewer, has announced that it has raised an additional £570,000 through its latest share issue
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AG Barr signs Snapple agreement, H1 PBT grows 14.6%
AG Barr, the soft drinks producer, has signed a 10-year agreement giving it exclusive rights to sell, market and distribute the Snapple brand in the UK and certain other EU territories
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NewsDP Poland shows 'tangible signs of progress'
DP Poland, the operator of the Domino’s brand in the country, is displaying “tangible signs of progress”, according to leading analyst Nick Batram
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NewsEnterprise to issue new bonds, eyes new debt facility
Enterprise Inns has announced that is it is to buy back some existing bonds and reissue new bonds with a later maturity date and on more favourable terms
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NewsDomino's Poland targets rollout as H1 lfls grow 13%
DP Poland, the operator of the Domino’s Pizza brand in the country, has reported a 13% rise in like-for-like sales in the six months to 30 June as it targets launches in new cities with an accelerated rollout programme planned for 2015
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NewsTesco overstated H1 profits by c£250m
Tesco says it has overstated the figure for its expected half-year profits by an estimated £250m
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NewsAnalyst corner: Rollo on M&B
Jamie Rollo at Morgan Stanley looks ahead to the Q4 interim management statement from Mitchells & Butlers (M&B), predicting a “solid” performance
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NewsBig gains for M&C20 after NO vote
With the threat of Scottish independence behind us for the time being, the All Share ended the week up 9 points at 1,066, with the M&C20 outperforming the market, ending up more than 28 points at 1,226
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BHA income dips
The British Hospitality Association (BHA) saw income fall 1.2% to £1.37m in 2013, although subscription income rose 2.1% to £1.13m
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NewsWagamama distances itself from rapid expansion reports
Wagamama, the Duke Street Capital-backed chain, is understood to have distanced itself from reports that it’s looking to open 50 restaurants this year
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NewsJust Eat's Brazilian arm merges with rival
Just Eat, the UK-based online takeaway platform, has announced the merger of its Brazilian business RestauranteWeb with iFood, a rival in that country
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NewsFrench: TRG and M&B should merge
Leading analyst Simon French has proposed the merger of The Restaurant Group Plc (TRG) with Mitchells & Butlers (M&B) to create the UK’s pre-eminent eating and drinking out group sayingTRG has earned the opportunity at creating something bigger
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NewsJack moves Marston's from Buy to Add
Leading analyst Douglas Jack had moved Marston’s from Buy to Add and cut his forecast for the group, saying that he expects trading to have slowed in Q4 due to “tougher comps and unhelpful weather in late August”.
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C&C Group 'a buying opportunity'
Leading analyst Ian Hunter has initiated his coverage of Magners producer C&C Group with a Buy recommendation, citing its opportunities in the US, the “efficient” business in its core markets, and a strong balance sheet
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Booker lfls up 3.1% for Q2
Booker Group, the food wholesaler, reported like-for-like sales growth of 3.1% for non-tobacco sales and growth of 1.8% for sales excluding its Makro stores for the 12 weeks to 12 September 2014
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Essenden H1 lfls grow 6.1%
Essenden, the tenpin bowling operator, has reported a 6.1% rise in like-for-like sales in the 26 weeks to 29 June, in what it called a period of “significant progress” for the company
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NewsBurger King reports 2.7% global lfls growth
Burger King has reported 3.7% sales growth in North America in July and August and 2.7% globally, according to a Securities and Exchange Commission filing that showed Tim Hortons enjoying like-for-like sales of 3.6% in Canadian stores and 7% in US stores
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SAB's Heineken approach a 'last throw of the dice'
SABMiller’s approach to Heineken suggests a “last throw of the dice” before having a serious conversation with ABInBev about a possible merger, according to a leading analyst
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News
Grub Club to launch crowdfunding bid
Grub Club, the service that hosts supper clubs and dining concepts at pop-up locations, is to launch a bid to raise between £250,000 and £500,000 on Crowdcube to expand its operations
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NewsHeineken sells 111 pubs to Admiral Taverns
Heineken UK, owner of the leased pub operator Star Pubs & Bars, has agreed to sell 111 pubs to Admiral Taverns for an undisclosed sum