Finance – Page 252
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NewsWahaca completes Great Portland St deal
Wahaca has secured its next site in London, after completing on a deal for a site in Great Portland Street
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Analysis & InsightDealing with the poisonous posts
What can retailers do when they see inaccurate, derogatory messages about their business online? Charles Russell’s Vanessa Barnett and Caroline Swain offer some top tips
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NewsAnalyst corner
Mark Brumby at Langton Capital takes a look at the latest update from Punch Taverns on its restructuring proposals and says that there is still a great deal to play for
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News
United Ramen confirms ex-Strada site deal
United Ramen, the Japanese restaurant and takeaway concept, has confirmed it will be opening its first site under the Live4Food group on an ex-Strada site in London
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Blackpool launches night-time economy group as EMRO alternative
Blackpool Council has formed a night-time economy working group to help tackle problems associated with excessive drinking in the town
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Amber Taverns changes hands in £80m deal
Amber Taverns, the fast-growing operator of wet-led community pubs, has changed hands as part of an £80m management buyout
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NewsJack upgrades M&B over expected Orchid deal
Leading analyst Douglas Jack has upgraded Mitchells & Butlers (M&B) from Add to Buy following news of its likely takeover of the majority of the Orchid estate, which he described as an “excellent transaction” for the group
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NewsMcDonalds to refranchise 1,500 sites
McDonalds has announced plans to refranchise at least 1,500 restaurants by the end of 2016 in Europe and its Asia/Pacific, Middle East and Africa (APMEA) division
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UK-based restaurant reservation system signs US deal
ResDiary, the global restaurant booking specialist established by hospitality veteran Mike Conyers, has agreed a deal to take the system to the US
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NewsShepherd Neame 'faces family revolt' over restructure
Shepherd Neame is reportedly facing legal action against plans to simplify its capital structure, with former vice chairman Stuart Neame seeking an injunction to prevent the company diluting his holding and that of family members, the Daily Mail reports
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NewsJack expects to upgrade Fuller's
Leading analyst Douglas Jack has reiterated his Add recommendation for Fuller’s but says he’s likely to upgrade his forecast after its full-year results next Friday (6 June)
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NewsM&B takes lead on Orchid
Mitchells & Butlers is understood to have moved ahead of private equity competition and entered exclusive talks to acquire the majority of Orchid Pub Company, for a sum of c£265m
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US restaurant concept launches fundraising bid
A new American restaurant concept whose directors include chef Steve Durham, who has worked with the likes of Sat Bains and Raymond Blanc, is looking to raise £150,000 on Crowdcube to expand to eight UK sites before examining overseas opportunities
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AG Barr chair to retire; revenues grow 5.2%
AG Barr, the soft drinks company, has reported a 5.2% rise in revenue for the 15 weeks to 11 May and announced that its chairman Ronnie Hanna will retire from the board on 31 December 2014
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NewsLfls up 10% at Draft House
Draft House has reported a 17% rise in like-for-like sales in May and said it hoped to have new site news shortly
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NewsFive Guys UK reports £3.89m loss
Five Guys UK has reported a loss of £3.89m in the period to 29 December 2013, as the cost of launching in the country saw administrative expenses reach £4.58m.
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Analysis & InsightEating out frequency in pubs up in Q1
Eating out frequency increased at both pubs and supermarket-to-go channels in Q1 2014, according to the latest results from Allegra Foodservice’s UK EatingOut Panel
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NewsM&C20 climbs back from leisure sector fall
The leisure sector has partially recovered following last week’s crash climbing 3.4% and gaining £58m across the portfolio of 21 companies, while the FTSE All Share Index remained relatively static
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NewsJW Lees identifies templates for five-year expansion plan
JW Lees currently has a £20m “war chest” to open 15 pubs per year and has identified four operating templates for its expansion, managing director William Lees-Jones has told M&C Report
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NewsAnalyst corner
Mark Brumby at Langton Capital takes a look at yesterday’s first half update from Mitchells & Butlers (M&B) and says that whilst the group’s “performance is a shade soggy, it’s a challenge to put your finger on just why this is the case”