Finance – Page 247
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NewsRoberts to head Kent brewery; raises £600k for expansion
Old Dairy Brewery, the Kent brewer founded in 2010, has raised £600,000 for expansion and announced the appointment of former Fuller’s Beer Company managing director John Roberts to lead a strengthened board as it enters a new phase, M&C Report has learnt
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NewsTiger Bills signs six-figure dual-territory franchise deal
Lifestyle Hospitality Group, the multi-brand restaurant operator, has signed an eight-country international dual-franchise deal with a hotel operator for territories within the Indian Ocean region including Sri Lanka, Mauritius, the Maldives and the Seychelles
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NewsMarston's agrees £28m newbuild funding deal
Marston’s, the brewer and pub operator, has agreed a £28m forward-funding deal with Standard Life to as part of its newbuild pub expansion programme
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NewsM&C20 sees consecutive gains in leisure sector
The M&C20 Leisure Share Index continued to climb this week as it finished up 13 points to 1,196 with very few losses across the 22 listed companies
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NewsAnalyst corner: Nicholas Batram on JDW
Nicholas Batram at Peel Hunt looks ahead to JD Wetherspoons’ Q4 interim management statement on Wednesday 9 July, saying that he expects the company’s like-for-like sales to slow but not enough to threaten forecasts
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NewsOliver invests in Hackney pub venture
Jamie Oliver has invested in the new east London pub venture being launched by Fifteen head chef Jon Rotheram, and Michelin-starred chef Tom Harris
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Nichols to pay £8m in damages
Nichols, the Vimto producer, has received a high court ruling which will require it to pay c£8m of damages to a former bottling partner in Pakistan
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NewsGreene King: 2020 vision, acquisitions, tenanted approach, analysts
M&C Report takes a closer look at the full-year results to 4 May for Greene King and talks to chief executive Rooney Anand
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Retail income up at Cineworld
Cineworld has reported a 1.4% increase increase in retail spend across its UK & Ireland estate in the 26 weeks to 26 June 2014
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C&C Group reports 'some progress' in England and Wales
C&C Group, the Irish producer of Magners cider, has said the trading environment in England and Wales has remained “challenging” for the past four months but “some progress has been made towards stabilisation of our brands and earnings” over the period
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NewsJack: 'TRG set for two blockbuster years'
Leading analyst Douglas Jack has issued a Buy recommendation for The Restaurant Group (RTN) and expects the company will be one of the main beneficiaries in the sector from the improving economy
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NewsGreene King FY PBT grows 9.4%
Greene King, the brewer and pub operator, has reported a 9.4% rise in pre-tax profits to £173.1m in the 53 weeks to 4 May, with the company saying it has now delivered four years of record results
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EPOSability acquires multi-site technology provider Opsimize
Back office management and multisite technology provider Opsimize, has been acquired by technology provider, EPOSability
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NewsCollyer: JDW FY to be in line
Leading analyst Geof Collyer says he expects JD Wetherspoon’s full-year results to be in line but he’s “cautious” on the Q4 outcome
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NewsLuke Johnson acquires stake in InnBrighton
Serial sector investor Luke Johnson’s vehicle Risk Capital Partners has invested in InnBrighton, the Brighton-based pub company led by Gavin George, which has been renamed the Laine Pub Company, M&C Report has learnt
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NewsJack: JDW should be in line
Leading analyst Douglas Jack says he expects JD Wetherspoons’ full-year trading update on 9 July to be “at least in line”
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NewsGreggs H1 lfls rise 3.2%
Greggs, the high street bakery chain, has reported a 3.2% rise in like-for-like sales in the 26 weeks to 28 June, and said it expects to report operating profits of £16-17m at its interim results, up from £11.5m in the comparative period last year
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NewsChilango breaks through funding target
Chilango, the Mexican restaurant group, has broken through its target of raising £1m from the mini-bond it launched on 9 June through CrowdCube
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Heavitree Brewery H1 operating profit grows 14.4%
Heavitree Brewery, the Exeter-based tenanted pub operator, has reported a 14.4% rise in operating profit to £619,000 in the six months to 30 April, despite the impact of the “truly awful weather” at the start of the year that forced two pubs to close
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NewsM&C20 begins recovery from slump
The M&C20 Leisure Index recouped some of the losses it suffered last week as it finished up five points to 1,183, while the All Share Index fell 11 points to 1,048, once again widening the gap between the indices largely thanks to gains made by Greene King and Mitchells & Butlers