Finance – Page 262
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News
Shaftesbury acquires Jaeger House for £30.75m
Shaftesbury has invested £30.75m in acquiring Jaeger House in Broadwick Street, which the company said was an increasingly important east-west pedestrian route through Soho, connecting Carnaby and Berwick streets
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News
AG Barr grows FY PBT 9.6%
AG Barr, the soft drinks group whose brands include Irn-Bru and Strathmore water, has reported a 9.6% rise in profit before tax and exceptionals to £38.1m in the 12 months to 26 January, a period it described as one of “significant progress” at the company
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NewsDomino's Poland grows FY lfls
Domino’s Pizza Poland has reported a 43% rise in like-for-like sales at its first 13 sites in the country in 2013, which the company described as a period of “substantial progress” for the group
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NewsEd’s eyes 100 sites, as FY lfls grow 2.5%
Ed’s Easy Diner has announced ambitions to grow its estate to over 100 sites by September 2018, as it reported an 87% increase in sales to £17.6m for the year to 30 September 2013
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NewsYO! considers its options
YO! Sushi, the Robin Rowland-led, Quilvest-backed group, has reportedly appointed advisers to explore its options, including a possible sale
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NewsLittle & Large prevent bigger losses for M&C20
The M&C20 was saved from a more significant decline thanks to the share price performance of two companies at either end of the scale – JD Wetherspoon and Essenden
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NewsZonal turnover grows 14.2% in 'transformational' year
Zonal Retail Data Systems saw its turnover grow 14.2% to reach £41.3m in what it called a “truly transformational year” to 30 June 2013, during which it secured contracts with major operators including Mitchells & Butlers
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Analysis & InsightMajority of consumers eating pizza once a month
Nearly two thirds of UK consumers eat pizza at least once a month and a quarter dine on pizza weekly, according to research by US consultancy firm Technomic
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News
Rosa’s launches latest fundraising round
Rosa’s has launched a new round of fundraising aimed at angel investors, in which it is looking to raise £500k for a 10% stake in the business valuing it at £5m
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News
Enterprise 'to benefit most from beer duty cut'
Enterprise Inns is the pub company that will benefit most from the cut in beer duty in terms of the impact on pre-tax profit, according to leading analyst Douglas Jack, who estimated that the beer duty reduction should be worth £30m to pubs based on sales last year
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News
Essenden to raise £100m acquisition fund
Essenden said yesterday that it is to tap institutions for at least £100m of new equity to fund acquisitions, which could include a move into the restaurant sector
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News
No target numbers for new Faucet Inns-Downing JV
No targets have been set for openings under Craft Beer Pub Co, the new joint venture between the Downing Pub EIS Fund and London-based operator Faucet Inns, M&C Report has learnt
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News
San Carlo Group in funding talks
San Carlo Group, the family run Italian restaurant chain, has been in discussions about securing outside investment, managing director Marcello Distefano has revealed
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News
Lfls up 13.5% at Essenden
Essenden, the Nick Basing-led operator of the Tenpin brand, has reported a 13.5% rise in like-for-like sales for the 11 weeks to 16 March 2014 on the back of a second consecutive year of growth
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News
C&C buys wholesaler Wallaces Express outright
C&C Group, the Irish producer of Magner’s cider, has announced that it has acquired the outstanding 50% share of Wallaces Express, Scotland’s largest wine and spirits wholesaler, that it did not already own for an undisclosed sum
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News
Jack reiterates Buy for Spirit
Leading analyst Douglas Jack has reiterated his Buy recommendation for Spirit Pub Company after it reported an acceleration in like-for-like trading this morning, and said it deserves another re-rating
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NewsSpirit lfl growth accelerates
Spirit Pub Company has reported an acceleration in like-for-like growth in the eight weeks to 1 March, with like-for-like net sales in its managed arm up 6.1% and like-for-like net income in the leased division up 6% in the period
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NewsJust Eat plans IPO
Just Eat, the on-line takeaway platform, has announced its intention to float on the London Stock Exchange for a primary offering of £100m
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NewsM&C20 holds steady amid general market decline
The M&C20 escaped the worst ravages of a week that saw the FTSE All Share Index plummet by 3.2% to 1,027
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NewsAnalyst corner
Simon French at Panmure Gordon looks ahead to the H1 pre-close update from Spirit Pub Company on Tuesday (18 March), with the analyst “strongly” reiterating his Buy recommendation and 110p Target Price for the group