Finance – Page 282
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NewsJack expects JDW to outperform lfl estimates
Leading analyst Douglas Jack says he expects JD Wetherspoon’s like-for-like sales to be ahead of his full-year forecasts at its Q1 interim management statement on Wednesday, adding that the “main sensitivity continues to be margins”
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NewsRollo: Consolidation of managed sector would make sense
A leading analyst has said that he thinks consolidation in the managed pub sector would make a lot of sense
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Leisure sector gears up for IPOs
The first significant moves in what is expected to be a return of IPO action in the leisure sector were made yesterday, with Merlin Entertainments valued at between £2.8bn and £3.3bn for its upcoming flotation and Everyman Cinema at £30m
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NewsStarbucks warns on 2014 profits
Starbucks has warned that profits for its next year will fall below expectations despite reporting a 13% rise in net revenues to $3.8bn in Q4
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NewsJack: Spirit buoyed by Flaming Grill Lite
Leading analyst Douglas Jack has issued a Buy recommendation for Spirit Pub Company, highlighting its “attractive growth prospects” and pointing out that trials of its Flaming Grill Lite offshoot are achieving double the company’s return hurdle rate
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NewsExcellent summer lifts AB InBev UK
AB InBev has reported a 4.2% rise in volumes including cider in the UK in Q3, citing the impact of the “excellent summer weather”
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C&C Group sees improving UK cider trends
C&C Group, the Irish producer of Magner’s cider, saw a slowing of the volume decline in its UK cider business in Q2
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NewsCollyer raises Spirit TP following 'cunning plan' on debt
Spirit Pub Company’s “cunning plan” to announce a debt re-profiling could and should free up much needed cash for investment before a probable refinancing in 2018, according to a leading analyst
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NewsEurope drives Q3 growth at Burger King
Burger King has reported a 0.9% rise in global comparable sales in its third quarter, driven by positive comparable sales growth in Europe, Middle East and Africa (EMEA)
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Imbiba to launch third fund
Imbiba, the investment vehicle led by John Connell, is set to launch its third London Bar and Restaurant EIS Fund, after raising £4.5m through its fundraising round
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D&D develops pipeline; lfls up c4%
D&D London plans to start remodelling its UK estate in the New Year and has a number of restaurant and hotel potential projects for both 2014 and 2015 “bubbling under”
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NewsC&B sells Cabin to SSP after strategic review
Corney & Barrow (C&B) is to refocus on its core bar brand after a strategic review of its estate, which has seen the sale of the Cabin, its transport hub concept site at Waterloo Station, to SSP
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Eclectic plans IPO
Eclectic Bars, the Avanti Capital-backed bar and club operator led by Reuben Harley, is preparing a £20m float on the Alternative Investment Market (AIM), which if successful would make it the first pub or bar business to float since Capital Pub Company in 2007
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H1 lfls up 8.5% as Las Iguanas
Las Iguanas, the Bowmark Capital-backed chain, has reported an 8.5% increase in like-for-like sales for the six months to the end of September and reiterated plans to expand internationally next year
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NewsSmall cap gains boost M&C20
A second consecutive week of share price gains for leisure sector PLCs helped push the M&C20 index up 1.0% to 1,164. But it wasn’t enough to outperform the FTSE all-share, which grew 1.7% to a new high of 1,041
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Krispy Kreme UK reports FY loss
Krispy Kreme UK, the Alcuin Capital Partners-backed doughnut retailer, reported a pre-tax loss of £2.8m for the year to 31 January 2013 against a £1.3m profit in 2011
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Field open for TRG to accelerate expansion
A leading analyst has suggested that The Restaurant Group (TRG) can take advantage of issues surrounding its peers to follow through with an accelerated openings programme and double the size of its estate over the next eight years
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NewsAnalyst corner
Sahill Shan at N+1 Singer looks at Greene King and says that he sees 2014 being a busy year strategically for the brewer and pub operator, as it builds on the underlying trading momentum across its key managed pub formats
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Papa John's GB FY turnover grows 23.9%
Papa John’s GB, the fast-growing pizza delivery chain, saw turnover rise 23.9% to £28.4m in 2012 as its estate increased from 176 to 212 outlets
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NewsEclectic FY EBITDA grows 2%
Eclectic Clubs & Bars has reported a 2% rise in EBITDA to £2.9m in the year to the end of June and reiterated plans to add two or three sites per year