Finance – Page 244
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NewsFuller's managed lfls grow 7.3%
Fuller’s, the London-based brewer and pub operator, has reported “strong trading” across all divisions with a 7.3% rise in like-for-like sales in its managed pubs and hotels division for the 16 weeks to 19 July 2014
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News
Jack reiterates Buy for Marston's
Leading analyst Douglas Jack has reiterated his Buy recommendation for Marston’s following its Q3 trading update this morning, saying that the group is still trading ahead
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NewsPeel Hunt: TRG a top stock for the summer
Analyst Nick Batram at Peel Hunt has put forward The Restaurant Group as one of the company’s top stock picks for this summer in terms of growth
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NewsSABMiller Q1 trading in line with expectations
SABMiller has reported that its performance in the three months to 30 June was in line with expectations
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News
Britvic reports "strong quarter" with 4.1% revenue growth
Britvic, the soft drinks company, reported a 4.1% like-for-like revenue increase to £329.5m for the 12 weeks to 6 July 2014
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News
Crowdcube completes fundraising in record time
Crowdcube, the crowdfunding platform used by a number of operators in the eating and drinking out sector, reached its £1.2m fundraising target in a record 16 minutes
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News
Nichols reports strong H1
Nichols, the soft drinks firm, has reported a strong first half, led by its UK business outperforming against a difficult trading backdrop
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NewsJust Eat raises stake in French on-line restaurant service
Just Eat, the on-line takeaway platform, has increased its stake in Alloresto.fr, the French on-line restaurant delivery service, to 80% for c€7m
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NewsM&B Q3 trading flat
Mitchells & Butlers (M&B) has this morning reported that like-for-like sales through its third quarter (14 weeks to 19 July) were flat, with a 0.6% rise in like-for-like food sales offset by a 0.5% decline in drink sales
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Analysis & Insight
Pop-up retailers contribute £2.1bn to UK economy
Pop-up retailers contribute £2.1bn to the UK economy each year and the sector is expected to grow by 8.4% over the next 12 months
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NewsPizzaExpress launches £610m bond
PizzaExpress has started marketing a £610m bond to fund its leverage buyout by Chinese private equity group Hony Capital
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News
Green Flash Brewing signs European distribution deal
California-based Green Flash Brewing Co has entered a European distribution partnership with Belgian St-Feuillien to bring its craft beers to Europe
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NewsChipotle reports one of its strongest ever quarters
Chipotle has reported a 17.3% rise in comparable restaurant sales in the second quarter of 2014, which the group said was one of its strongest comparative periods as a public company
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News
Home of Fast Foods receives investment
Cattaneo, the Birmingham-based corporate finance firm, has made an investment in new quick service restaurant group Home of Fast Foods (Hoffs) as part of a £400,000 funding round, according to Insider Media
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NewsFlat Q2 sales for McDonald’s
McDonald’s reported relatively flat like-for like sales both in the UK and internationally with just 1% growth for the second quarter up to June 30, 2014
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News
'Active dining' concept Aveqia launches fundraising bid
Aveqia, the concept from Michelin Star chef David Berggren that involves groups of customers preparing and eating a meal for themselves, has launched a fundraising bid on Crowdcube to raise £300,000 by selling 10% of the business in order to expand
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News
Max Property Group to sell property portfolio
Max Property Group, the property vehicle of Nick Leslau and Mike Brown that owns a number of pubs, is to sell its entire property business to Marina Topco (Jersey) Limited, a company controlled by real estate firm Blackstone
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NewsBoost co-founder: juice bars 'not just a craze'
Boost Juice Bars UK co-founder Richard O’Sullivan told M&C Report that he rejects claims the juice bar market is a passing craze, as the company reports a 15% rise in like-for-like sales across its estate in the first half of 2014
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NewsJack reduces Enterprise TP
Leading analyst Douglas Jack has reduced his Target Price for Enterprise Inns to 125p and “advised caution” on the business
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NewsDomino's set for growth, 'jury out' on new management
Leading analyst Sahill Shan has reiterated his Hold recommendation for Domino’s Pizza ahead of its H1 results next Tuesday, saying that he expects to see “robust” growth in the half year but the “jury is out” on the new management team