Finance – Page 283
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News
Pernod Ricard Q1 hit by tough comps
Pernod Ricard, the global wine and spirit producer, has reported a 1% decline in organic net sales to €2,013m in Q1 2013/2014, with sales affected by difficult comparatives, a slowdown in emerging markets and an “unfavourable” product mix
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News
Tighter controls on crowdfunding expected
Tighter regulations on the crowdfunding and peer-to-peer lending industry are set to be announced today, according to The Independent
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NewsCollyer downgrades Whitbread but sets out growth path
A leading analyst has downgraded his recommendation on Whitbread from Buy to Hold, but laid out a path of how the company’s shares could rise by 85% more than their current value through its growth plan
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NewsFrench downgrades Spirit EPS estimates; upbeat on debt move
Leading analyst Simon French has downgraded predictions for Spirit Pub Company’s earnings per share during this year and next following the group’s full-year results on Tuesday, although he was upbeat about the potential impact of its proposed debt reprofilingspirit
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NewsPizza Hut UK FY operating losses narrow
Operating losses for the 330-strong firm, which last week announced a £60m investment estate programme, were £4.7m last year, against £12.4m in 2011, according to The Telegraph
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News
Lending to businesses reaches four-year high
Lending to businesses grew at the fastest rate in four years last month, fuelling hopes that government schemes may finally be starting to gain significant traction
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NewsBrewDog reports record growth for 2013
BrewDog has reported a fifth consecutive year of record growth and said it was on track to turnover £20m, up from £12m in 2012. The company, which will unveil a new £5m expansion of its Ellon brewery later this month, said it plans to open nine new bars in the ...
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News
Investors target food operators at c£30m auction
Commercial property investors showed a particular appetite for food outlets at the Acuitus October auction, which saw a total of £29.08m of assets being sold
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NewsQ3 volumes down at Heineken
Heineken has reported that its group beer volume decreased by 2% organically during its third quarter primarily reflecting weakness in Central & Eastern Europe beer markets
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NewsWhitbread: economy, coffee saturation, restaurant performance, analysts
M&C Report takes a closer look at the H1 results for Whitbread for the six months to 29 August, reports from a media conference call with chief executive Andy Harrison, and rounds up the views of analysts
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NewsSpirit: expansion, Wacky Warehouse, Leased innovation, analysts
M&C Report takes a closer look at the full-year results to 17 August for Spirit Pub Company. We report from Spirit’s presentation to analysts featuring chief executive Mike Tye and finance director Paddy Gallagher, and speak to Tye
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News
PBT and turnover dips for Pub People
Pub People Company, the Midlands-based pub operator, saw pre-tax profit fall from £8,000 to £6,000 in the year to 31 March, a year in which it focused on disposing under-performing sites or negotiating new lease terms
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News
Cineworld performance slows in Q3
Cineworld saw its performance slow in its third quarter due to the hot weather and weaker film releases, but still reported a 1.4% increase in box office for the period and is up 7% year-to-date
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News
Private equity refinance loans hit record rate
Private equity firms are tapping debt markets at a record rate to refinance the companies they own as an alternative to selling them, according to new figures from Standard & Poor
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NewsWhitbread H1 lfls up 2.8%
Whitbread has reported a 2.8% rise in like-for-like sales for the six months to 29 August, helped by like-for-like sales across its Costa Coffee business during the period increasing by 5.5%
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NewsQ3 'strong' for McDonald's UK
McDonald’s says a “strong” performance in the UK and Russia helped to generate an 11% rise in operating income in Europe in the three months to 30 September
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NewsPears Group pulls out of Greene King talks
The William Pears Group, one of the UK’s biggest privately-owned property groups, is believed to have pulled out of exclusive talks to acquire a c300-strong tenanted pub portfolio placed on the market by Greene King earlier this year
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Analysis & Insight
Anglian Country Inns PBT grows in 'excellent' year
Anglian Country Inns, the pub and restaurant group led by James Nye, saw pre-tax profits rise 166% to £244,575 in an “excellent” year to 31 March 2013.
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News
FY lfls up 5.3% AMT Coffee
AMT Coffee, the transport hub coffee provider owned by the McCallum-Toppin family, reported a 5.3% rise in like-for-like sales in the year to 24 December
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NewsHutton Collins agrees to acquire Byron in £100m deal
The Gondola Group has agreed to sell its fast-growing Byron brand to private equity group Hutton Collins, for a consideration of £100m.