Finance – Page 243
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NewsGreggs H1 lfls grow 3.2%
Greggs, the bakery chain, has reported a 3.2% rise in like-for-like sales in the 26 weeks to 28 June, with the company citing a mixture of more favourable trading conditions and the success of its own initiatives
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NewsPizzaExpress swiftly finances £610m bond
PizzaExpress refinanced its existing capital structure by raising £610 million in notes within a matter of days of the offer being marketed
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NewsBurns reiterates Buy for Eclectic
Leading analyst Karl Burns has reiterated his Buy recommendation for Eclectic Bar Group following yesterday’s pre-close trading update, forecasting double digit profit growth at the premium bar operator, although he adjusted down his pre-tax profits and earnings per share estimates due to slightly higher interest and depreciation charges
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NewsDomino's: expansion, food costs, digital, analysts
M&C Report takes a closer look at the H1 results for Domino’s Pizza Group for the 26 weeks to 29 June, talks to new chief executive David Wild and reports from a presentation to analysts
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NewsKout acquires further Costa franchisee
Kout Food Group (KFG), the Kuwaiti-based foodservice firm, has acquired its second Costa Coffee franchisee, Coffee Snobs, for c£5.2m
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NewsDomino's UK lfls grow 11.3%; Germany 'challenging'
Domino’s Pizza Group has reported an 11.3% rise in like-for-like sales in the UK in the 26 weeks to 29 June, with an improved performance in Switzerland, while Germany “continues to be challenging” with like-for-like down 1.7%
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NewsTrading in line at Eclectic
Eclectic has reported that trading for the year to the end of June 2014 was “in line with the Board’s and the market’s expectations”.
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Eagle Eye FY revenues surge after mobile technology acquisition
Eagle Eye, the digital loyalty company for the retail and hospitality sectors that initiated an IPO in April, has reported a 157% rise in revenues to £1.8m in FY2014 following its acquisition of mobile technology firm 2ergo in the period
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NewsCollyer: M&B 'supertanker' is turning the corner
The Mitchells & Butlers (M&B) ‘supertanker’ is “slowly but perceptibly turning the corner”, according to a leading analyst who says it will take the company just over two years to deliver the “fully loaded” profits from its acquisition of 173 Orchid pubs
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Rosa’s secures expansion fund and new sites
Rosa’s, the London-based Thai café concept led by Alex Moore, has secured £500k of new funding and two new sites in Chelsea and Angel
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NewsM&C20 continues to bounce back
The M&C20 Leisure Index continued to climb this week as it finished 15 points up at 1,175 with the majority of companies in the index experiencing growth
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Analysis & InsightRestaurants and hotels outperform recovering economy
Restaurants and hotels were the UK economy’s star performers as UK finally overtook its pre-recession GDP peak last quarter
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Analyst corner: Nick Batram on M&B
Nick Batram of Peel Hunt retrospectively looks at Mitchells & Butlers’ third quarter trading update that saw flat sales in its food and drinks sales
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Peel Hunt predicts strong Domino's results
Domino’s Pizza is set to deliver strong results in its half yearly results on Tuesday (29 July), according to Nick Batram at Peel Hunt who issued a Hold recommendation and a target price of 591p
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NewsBurns reiterates Hold for Marston's
Leading analyst Karl Burns has reiterated his Hold recommendation for Marston’s following its Q3 interim management statement yesterday
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NewsStarbucks sees fifth quarter of growth in EMEA
Starbucks has reported its fifth consecutive quarter of like-for-like sales growth across its operations in Europe, driven by a strong performance in the UK
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Shaftesbury: commercial rents grow 27.2% over five years
Shaftesbury says demand for its shops, restaurants and leisure, offices and residential premises “continues to be very strong”, resulting in growth in rental income and values, with commercial rent reviews increasing rents by 27.2% over a five-year period
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NewsPeroni lifts Miller Brands Q1 revenues
The ongoing popularity of Italian lager Peroni has driven a 23% lift in UK net revenues for brewing giant SABMiller in the first quarter of the year
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NewsJack: M&B's expansion ability in question
A leading analyst has said that Mitchells & Butlers (M&B) “ongoing malaise” leaves its ability to expand and reintroduce dividends in question
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NewsMarston's: World Cup impact 'broadly neutral'
Marston’s, the brewer and pub operator, has reported a 4.1% rise in like-for-like sales in its Destination and Premium arm for the 41 weeks to 19 July, with the company describing the impact of the World Cup as “broadly neutral”.