Finance – Page 241
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Analysis & Insight
Sector lfls up 2.2% in July
Managed operators in the pub and restaurant sector have delivered consistent growth for 16 months, after reporting a 2.2% increase in like-for-like sales in July, new figures show
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NewsJack: TRG H1 to be strong, H2 stronger
A leading analyst has said that he expects The Restaurant Group’s first half performance to have been strong and that its second half will be even stronger
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News
Redcomb merges with Broken Foot Inns
Redcomb Pubs and Broken Foot Inns have announced that they have completed a merger of the two businesses
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News
Max shareholders approve £447.7m sale
Shareholders at Max Property Group, the property investment vehicle, have voted in favour of the £447.7m sale of the business to Blackstone
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NewsJust Eat sees “excellent growth” period
Just Eat said it achieved “excellent growth” in the six months to 30 June 2014 with revenue up 58% to £69.8m and underlying EBITDA up 591% to £15.9m
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NewsPunch restructuring delayed
Punch Taverns has announced that the launch of its £2.3bn restructuring has been delayed, as some “additional time is required to conclude discussions between certain stakeholders”
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NewsChilango extends burrito bond
Chilango, the Mexican restaurant group, has extended its burrito bond fundraising initiative to midnight 26 August after it raised over £250k last week
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NewsAnalyst corner: Jamie Rollo on Whitbread
Jamie Rollo at Morgan Stanley looks ahead to Whitbread’s Q2 interim management statement on 9 September, predicting “solid” like-for-like sales growth of 6% for the leisure group, with a slowdown in the Hotels and Restaurants division but an acceleration at Costa
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Cineworld to have 'slow start' to summer box office
Leading analyst Nicholas Batram says current trading is likely to be “tough” for Cineworld, with an apparent “slow start” to the summer box office, although he’s more positive about the group’s longer term performance
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NewsM&C20 hits eight-month low
The M&C20 Index dipped again this week, with shares falling 1.3% to an eight-month low of 1,138. However, it did outperform the All Share Index, which saw a decline of 1.7% to reach 1,014
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NewsEnterprise: Q3 underlying growth was 1.1%
Underlying like-for-like net income growth for Enterprise Inns in the third quarter of 2014 was 1.1%, taking out the positive impact of the football World Cup and a later Easter
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Collyer: ETI on its way to rehabilitation
A leading analyst has said that in the context of Enterprise Inns recent history, positive growth for four consecutive quarters should not be underestimated
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Reet Ale Pubs takes over Blue Bee Brewery
Sheffield-based pub group Reet Ale Pubs has completed the takeover of Blue Bee Brewery
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NewsJack: Still much to do to turn ETI around
A leading analyst has said that despite making progress in many areas, there is still much to be done to turn Enterprise Inns around
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NewsEnterprise Q3 lfl net income grows 2.1%
Enterprise Inns, the tenanted and leased pub operator, saw like-for-like net income growth accelerate to 2.1% in the three months to 2 August, helped by the World Cup and the company’s “on-going operational initiatives”
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New focus on tackling crime in West End's night-time economy
City of Westminster police and London Mayor Boris Johnson have launched a new team of officers to tackle violence and crime in the West End’s night-time economy
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Fulham Shore sees losses narrow
Fulham Shore has reported revenues of £543k in the year to 30 March, while operating losses narrowed from £125k to £115k
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NewsMolson Coors reports 'strong' UK growth
Molson Coors says “strong growth” in the UK, as well as Hungary and the Czech Republic, helped to partially offset the impact for its European business of flooding in parts of Serbia, Bosnia, Croatia and Bulgaria in Q2
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Malmaison extends debt facilities
Malmaison and Hotel du Vin have refinanced and extended their existing senior debt facilities
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St Peter’s FY 'successful' despite pre-tax loss
St Peter’s Brewery, the Suffolk brewer and pub operator, slid into a pre-tax loss in the year to 28 February 2014, although chairman John Murphy said the period was “relatively successful” as the firm eyes expansion in the UK and overseas through agreements with larger brewers