Finance – Page 286
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Opinion
Carlsberg UK grows market share, turnover dips
Carlsberg UK increased its UK market share in 2012 from 15% to 15.3%, driven by a “notable increase in the on-trade”, as turnover dipped 0.5% to £994.5m
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NewsJohnson: On verge of revival in IPO market
If the revival of the IPO market continues, the sector could see up to 10 restaurant companies go public over the coming 18 months, according to serial investor Luke Johnson
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NewsAnalyst corner
Simon French, analyst at Panmure Gordon, looks ahead to Marstons’ pre-close interim management statement next Wednesday (9 October)
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NewsM&C20 suffers third consecutive decline
The M&C20 suffered its third consecutive decline this week, down 2.3% to 1,122 - a fall that wiped £240m off the value of the 20 companies represented in the index
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NewsFY EBITDA doubles at Leon
Leon has reported that EBITDA for the year to the end of 2012 more than doubled from £442k to £920.5k, in a period in which it opened two new stores
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News
Gala Coral 'eyes bingo club sale'
Gala Coral Group is due to put its 140-strong chain of bingo clubs up for sale for between £250m and £300m, according to The Times
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News
Black Sheep reports full-year loss
The North Yorkshire brewer sold almost 6,000 fewer barrels to national pubcos in the year to 31 March 2013 as it endured a “perfect storm” of negative factors
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NewsMcDonald's UK PBT grows 14.5%
McDonald’s UK saw pre-tax profits grow 14.5% to £202.2m in 2012, in what it called “sound results in a difficult business climate”
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NewsFY turnover tops £40m at Las Iguanas
Las Iguanas, the Bowmark Capital-backed chain, saw turnover break the £40m mark in the year to 30 March 2013, a period in which it said like-for-like sales continued to perform “well ahead of the sector”, thanks to the positive impact of the Olympics on three of its London-based sites
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News
Domino's showed 'decent progress'
A leading analyst has issued a Hold recommendation for Domino’s Pizza after its Q3 results yesterday, predicting 11% profit growth this year and saying the UK business appears to be in good shape, although he expressed disappointment about the reduced UK openings target
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News
Collyer plots Enterprise equity 'rehabilitation'
Leading analyst Geof Collyer has raised his Target Price for Enterprise Inns to 205p, predicting a return to absolute EBITDA growth - the “final step” in the story of its equity rehabilitation - earlier than expected in FY2016
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News
M&B agrees £38m waste management and cleaning deal
Mitchells & Butlers (M&B), the managed operator, has signed a £38m waste management and cleaning contract with Mitie, the FTSE-listed 250 strategic outsourcing company
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News
Jack: Domino's lfls ahead of expectations
Leading analyst Douglas Jack of Numis has issued a Buy recommendation for Domino’s after its trading update this morning, saying that its Q3 like-for-likes were ahead of his expectations
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NewsLfls up 4% at Domino’s
Domino’s Pizza Group has this morning reported a 4% increase in like-for-like sales for the 13 weeks to 29 September 2013 (2012: +3.7%), with like-for-like sales for the year to date up by 5.6% (2012: 5.1%), despite the impact of “an extended period of unusually warm weather”
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News
Investors circle Yalla Yalla
A number of private equity groups are currently engaged in talks to invest in Yalla Yalla, the Lebanese restaurant concept
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NewsJack cuts Marston’s forecast
A leading analyst has cut his 2013E forecast for Marston’s by 3% following Mitchells & Butlers’ (M&B) poor September update and the pick-up in disposal activity
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NewsCollyer: M&B needs to deliver on its business re-engineering
A leading analyst has said there is now now a lot riding on the Mitchells & Butlers (M&B) chief executive Alastair Darby’s commitment at the company’s final results in November to some harder targets now that he has been in situ for over a year
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News
William Grant turnover grows 1.4%
William Grant & Sons, the premium spirits producer, saw turnover grow 1.4% to £1.06bn in 2012, although operating profit fell from £126.3m to £124.8m
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News
Innis & Gunn FY turnover grows 23%
Innis & Gunn, the Scottish brewer, has reported a 23% rise in turnover to £9.1m in 2012 as UK volumes grew 10%
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News
Rollo upgrades Enterprise Inns
A leading analyst has upgraded his price target for Enterprise Inns from 140p to 200p and said he thought there was a good chance that the group’s like-for-like sales will be positive in H1 2014 and sees its 19 November final results as a key catalyst