Finance – Page 250
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News
Equity investors focus on out of town restaurant sites
Equity investors in the leisure sector are increasingly interested in restaurants outside of London away from the high street for investment opportunities
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NewsPizza Hut UK to accelerate refurbs, reports FY operating profit
Pizza Hut UK plans to accelerate its refurbishment programme next year by investing in a further 90 restaurants, after seeing like-for-like sales at invested sites grow 20 to 25% on average, CEO Jens Hofma has told M&C Report
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NewsFuller's buys 51% stake in cider and pizza restaurant business
Fuller’s, the London-based brewer and pub operator, has acquired a 51% stake in The Stable, a six-strong craft cider and pizza restaurant business for £7.3m
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NewsSpirit Q3 managed lfls rise 6%
Spirit Pub Company has reported a 6% rise in like-for-like sales in its managed estate in the 12 weeks to 24 May, with like-for-like net income in the leased arm accelerating to 5.3%
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NewsBath Ales adjusted EBITDA nears £1m
The parent company of Bath Ales, the brewer, pub and restaurant operator led by Robin Couling, achieved EBITDA of c£950k in the year to 31 August 2013 on turnover up 37% to c£14m when adjusted for a consolidation process that concluded at its year-end
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NewsBrewDog: seven more bars for 2014
BrewDog, the Scottish brewer and pub operator, has confirmed plans to open a further seven bars this year and four more BottleDog off-licences
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NewsUK lifts McDonald's in Europe
A “positive” performance in the UK and France helped McDonald’s lift comparable sales in Europe by 0.4% in May, as global comparable sales grew by 0.9%
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News
Statutory code affects Vianet’s profit line
Vianet, the beerflow monitoring company formerly known as Brulines, reported revenue of £18.35m, down from £21m, and pre-tax profit of £1.56m across its portfolio of vending monitoring equipment for the year to 31 March 2014
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News
Bitters ’n Twisted FY lfls grow 3%
Bitters ‘n Twisted, the Midland-based pub and restaurant operator, has reported a 12% rise in turnover and growth of 3% in like-for-like sales up to £4.4m, for the year ending 31 August 2013
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News
Manchester's Spinningfields FY revenue tops £50m
Turnover at Spinningfields, the business and retail district in Manchester that includes a number of restaurants and bars, has grown to more than £50m for the first time since it opened in 2007, developer Allied London has reported
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News
Jack raises Fuller's TP after Stable acquisition
Leading analyst Douglas Jack has increased his Target Price for Fuller’s from 1,100p to 1,050p following its acquisition of a 51% stake in cider and pizza restaurant business The Stable
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NewsSSP H1 EBITDA grows 12.6%
SSP Group, the F&B travel concessions operator, has reported a 12.6% rise in EBITDA to £54m in the six months to 31 March, with like-for-like sales up 3.2% over the period
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NewsFuller's: coffee, Heathrow, acquisitions, statutory code
M&C Report takes a closer look at the full year results to 29 March for Fuller’s and speaks to chief executive Simon Emeny
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Analysis & InsightStatutory code has little impact on M&C20
The Government’s statutory code announcement this week had little impact on the M&C20 index as the leisure sector edged up 3 points to 1,231
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News
Bath Ales reports FY loss
Bath Ales, the brewer, pub and restaurant operator led by Robin Couling, has reported a pre-tax loss of £40,235 in the year to 31 August 2013, against a pre-tax profit of £241,374 in the previous year
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News
Rollo: Spirit sales expected to have slowed
A leading analyst has said that he expects trading at Spirit Pub Company to have slowed following a strong start to Q3
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NewsRollo: Slowdown at Costa expected in Q1
A leading analyst has said that expects Whitbread to report solid Q1 LfL sales growth of 5.5% driven by strong trading in Hotels and Restaurants but a slowdown at Costa
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NewsAnalyst corner
Nick Batram at Peel Hunt looks to ahead to the Q3 update from Spirit Pub Company, which is due next Tuesday
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News
Jack upgrades Fuller's after 'outperformance'
Leading analyst Douglas Jack has upgraded his forecast for Fuller’s by 2.5% following its “outperformance” at the group’s full-year results this morning
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NewsFuller's FY adjusted PBT grows 10%
Fuller’sFuller’s, the London-based brewer and pub operator, has reported a 10% rise in adjusted pre-tax profits to £34.1m in the year to 29 March, driven by its managed estate, which saw like-for-like growth of an “industry leading” 8.3%