Finance – Page 257
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News
SMEs support transparency in lending
Fleximize, an alternative finance company, has published research stating that 65% of SMEs believe banks should be forced to provide details of SMEs they have rejected for funding to alternative lenders
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News
Scottish leisure veteran acquires Beanscene chain
Stuart McKenzie, the Scottish leisure entrepreneur, has acquired the 10-strong Beanscene coffee chain and the Fifi and Aly cafe businesses from Fiona Hamilton
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OpinionThe IPO trailblazer
Six months ago, Eclectic Bar Group became the first pub, bar or restaurant operator to float on the stock market since Capital Pub Company in 2007. John Harrington gets the inside track from chief executive Reuben Harley and chief financial officer John Smith
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News
FY EBITDA up 14.9% at Richoux
Richoux Group has this morning reported a 14.9% rise in EBITDA for the year to 29 December 2013.
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NewsPub sector 'in best shape for three decades'
The pub sector is in the best shape its been for three decades and it has plenty of scope to grow and take market share as the economy improves, according to leasing analyst Geof Collyer in an extensive report on the UK’s pub and restaurant industries
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NewsCollyer raises TP for major pub groups
Leading analyst Geof Collyer of Deutsche Bank gives a generally upbeat assessment of six major listed pub companies. He raised his Target Price for all but Enterprise and upgraded Mitchells & Butlers (M&B) from Hold to Buy
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NewsCollyer issues Hold for TRG
Leading analyst Geof Collyer has initiated his coverage of The Restaurant Group (TRG) by issuing a Hold recommendation and 700p Target Price, saying the Frankie & Benny’s and Chiquito operator is “well established” to retain its strong performance over the past decade
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NewsApollo acquires Tragus, Derkach to step down as CEO
John Derkach is to step down as chief executive of Tragus after Apollo Global Management, which already held the majority of the group’s debt, acquired the business from Blackstone. Steve Richards has been appointed as the c300-strong group’s new chief executive
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News
Vital appoints advisors as it considers funding options
Vital Ingredient, the London-based tossed salad-to-go concept, has appointed advisors as it seeks to secure private equity funding to aid its next stage of development
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NewsEurope drives Q1 BK sales growth
A strong performance across Europe, helped Burger King report a 2% increase in comparable sales for the first quarter of the year
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NewsAnalyst corner
Three leading analysts look ahead to Whitbread’s full-year results on Tuesday 29 April. Tim Barrett at Nomura has issued a Buy recommendation, while JP Morgan Cazenoze has an Overweight rating for Whitbread, and Geof Collyer at Deutsche Bank issued a Hold rating
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NewsM&C20 stocks stay flat against rising market
Leisure company shares were flat this week as the M&C20 index increased a mere 3 points to 1,253, missing out on wider stock market gains. The All Share Index rose 16 points to 1,043
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NewsStarbucks reports strong UK improvement
Starbucks has said that is has seen a strong improvement in the performance of its UK operation since the start of the year, aided by its enhanced breakfast offer, healthier options and an “improved economic environment”
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News
Starbucks reports first drop in UK sales
Starbucks suffered its first ever drop in UK sales last year, a period in which the company became the subject of criticism over its tax affairs
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NewsHeineken Q1 UK volumes fall
Heineken saw UK volumes fall in the first quarter of 2014 largely due to the timing of Easter and “unfavourable weather conditions early in the quarter”
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News
Chapel Down profits fall 83%, beer sales grow
English winemaker Chapel Down saw profits fall from £414k to £68k last year but highlighted strong beer sales and a good harvest in 2013
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NewsSpirit: Growth plans, 'posh local', premium, leased innovation
M&C Report takes a closer look at Spirit Pub Company’s half-year results to the 1 March, reports from a presentation featuring chief executive Mike Tye and finance director Paddy Gallagher, and talks to Tye
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News
Imbiba extends latest fundraising round
Imbiba Partnership has extended its latest round of fundraising by another month as it looks to add further sites to its Darwin & Wallace (D&W) and Camm & Hooper (C&H) vehicles
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NewsStrong Q1 growth for KFC UK
UK system sales of KFC grew 12% in the three months to 22 March, with Pizza Hut UK system sales (take-away only) up 2% over the same period, owner Yum! Brands has reported
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News
Pernod Ricard to buy winemaker; Europe sales up 2%
Pernod Ricard, the wine and spirits group, has reported a 2% rise in sales across Europe for the first nine months of its financial year, and also announced plans to acquire Californian winemaker Kenwood Vineyards for an undisclosed sum