Finance – Page 274
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News
Hook Norton returns to profit
Hook Norton has returned to profit in the year to 30 September and said it would dispose of more pubs and “potentially” make acquisitions
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TCG festive turnover grows 7%
Turnover for TCG, the managed operator, grew 7% over the Christmas and New Year period, the company has said
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Peyton & Byrne establishes growth platform
Peyton & Byrne saw a dip in performance in the year to 31 March 2013, but said that it had established a platform on which to grow during the period
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FY PBT increase at Masala World
Masala World has reported a rise in pre-tax profit for the year to 31 March 2013 from £1.79m to £2.1m, a performance it labelled as ”satisfactory”
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Molson Coors exits Tradeteam
Molson Coors has sold its stake in Tradeteam, the UK drinks logistics business, to global logistics firm DHL Supply Chain for an undisclosed sum
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NewsFY EBITDA up 28% at Cote
Cote Restaurants, the CBPE-backed group, saw EBITDA for the year to 28 July 2013 increase 28% to £12.8m, driven by strong like-for-like sales and the opening of 11 new sites
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NewsOlympics hits Beds & Bars
Beds & Bars said the London Olympics caused its UK accommodation income to fall 8.5% in the year to 31 March, although there was growth in its mainland Europe business.
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NewsGiraffe to expand at speed
Giraffe, the Tesco-owned restaurant group, has said it is well placed to “perform strongly and expand at speed” following its acquisition by the retailer
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West Berkshire Brewery launches share offer
West Berkshire Brewery (WBB), the independent brewer, which is chaired by brewing and pub entrepreneur David Bruce, is to launch a share offer in the New Year
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Hydes targets acquisitions; swings into the black
Hydes, the Manchester-based brewer and pub operator, plans to trial a value dining concept and says it is “actively seeking” acquisitions for its managed arm
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NewsEBITDA grows for Searcys parent
The parent company of Searcys, the upmarket bar and restaurant operator and caterer that is currently on the market, saw EBITDA grow from £1.7m to £2.3m in the year to 30 June
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Thomas Hardy PBT slips in ‘challenging’ year
Thomas Hardy Holdings, the contract brewer and drinks packaging company, has reported a 6.7% fall in full-year pre-tax profits to £1.7m in what it called a “challenging but rewarding year”
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New JV to develop Broadgate for mixed use
Property owner British Land has formed a joint venture with GIC, Singapore’s sovereign wealth fund, to develop the leisure, retail and office space in the Broadgate complex in the Liverpool Street area of East London
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NewsBrewDog reaches £4.25m fundraising target
BrewDog, the Scottish brewer and pub operator, has reached the £4.25m target that the company set for its latest fundraising drive.
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NewsFulham Shore reports H1 pre-tax loss
Fulham Shore, the restaurant venture from ex-Clapham House Group chairman David Page, has reported a pre-tax loss of £74,399 in the six months to 29 September and said it continues to seek investment opportunities in the sector
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Ignite swings into profit
Ignite Group, the owner of the Bumpkin and Boujis chains, swung back into profit in the year to 31 March 2013, as it saw turnover climb from £11.2m to £11.7m
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NewsM&C20 outperforms FTSE
Only three leisure sector stocks (Fuller’s, Dominos and Richoux) underperformed the market this week as the M&C20 built on last week’s gains to rise another 2%
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Arran looks to emulate BrewDog
Arran Brewery, the Scottish brewer and bar operator, has said that trading has been challenging during the last three months as the group’s attention was focused on its share launch
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NewsBill’s on track to double FY turnover
Bill’s Restaurants is on track to report turnover in its current financial year to the end of next July of between £50-55m, dependent on the timing of openings
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NewsRollo: M&B to resume dividend payments in 2015
Leading analyst Jamie Rollo says he believes Mitchells & Butlers (M&B) will not resume dividend payments until 2015 and that he “struggles to see” the investment case in the company