Finance – Page 290
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NewsFrench reiterates Buy for JDW
Leading sector analyst Simon French has reiterated his Buy recommendation and 806p Target Price for JD Wetherspoon ahead of its full-year results on 13 September and predicted a “solid” update on current trading
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NewsFY sales up 7.4% to KFC UK
KFC UK & Ireland, the fast food chain, has reported a decline in pre-tax profit for the year to 2 December 2012, from £47.2m to £39.1m, against a 7.4% rise in sales to £423.3m
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NewsCamerons FY EBITDA in line, reports pre-tax loss
Camerons, the Hartlepool-based brewer, has reported EBITDA of c£5.8m in the year to 28 April, in line with the previous year, despite reporting a pre-tax loss and seeing a dip in turnover
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BGF eyes Comptoir Libanais investment
The Business Growth Fund (BGF) is understood to be in talks to invest in Comptoir Libanais, the London-based Lebanese fast-casual concept, M&C Report has learnt.
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NewsSpirit managed lfls rise 4.1%
Spirit Pub Company reports a 4.1% rise in like-for-like net managed sales in the 12 weeks to 17 August and improving trends in its leased estate
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NewsEnterprise announces £100m bond offering
Enterprise Inns has announced an offering of approximately £100m of senior, unsecured Guaranteed Convertible Bonds due 2020, which it said would provide it with low cost, unsecured long-term funding, reduce its overall cost of borrowing, provide it with increased flexibility and enhance prospects for growth
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Osmond eyes 'triple-A' investment opportunities
Hugh Osmond, the high-profile investor, has told M&C Report he’d invest “as much as it takes” to grow a small number of “triple-A” leisure operators into national brands
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Fund launched to help SMEs become more energy efficient
ReEnergise Finance has launched a commercial finance vehicle aimed solely at providing funding solutions for SME businesses in regards to helping them become more energy efficient
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Services sector growth continues
Business activity in the services sector grew in August at the sharpest pace since December 2006, according to the latest Services Index from Markit/CIPS
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NewsLoungers reports 7.9% rise in sales
Loungers, the Piper-backed group led by Alex Reilley, has reported a 7.9% increase in like-for-like sales for the first four months of its new financial year (1 May – 31 August), with total net sales for the same period up 62.5% to £10.15m
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TCR London reports turnover of £7.2m
TCR London, the company set up to acquire the former assets of Town Centre Restaurants for £3.7m, last June, has reported turnover of £7.2m for its first seven months of trading to 3 February 2013, with EBITDA of £500k
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NewsJack and French reiterate Hold for Greene King
Leading analysts Douglas Jack and Simon French have reiterated their Hold recommendations for Greene King following its Q1 interim management statement yesterday
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French: Only certain equity in Punch’s is Matthew Clark stake
A leading analyst has said that the Punch Taverns’ only certain equity value is in its shareholding in Matthew Clark
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NewsH1 EBITDA up 14% at Prezzo
Prezzo, the Jonathan Kaye-led group, has this morning reported a 14% increase in adjusted EBITDA to £12.6m for the 26 weeks to 30 June 2013 and said it remained confident of “delivering a satisfactory outcome for the whole year”
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Wear Inns turnover grows 58%
Wear Inns, the fast-growing northern pub operator, has reported a 58% rise in turnover to £11.8m in the year to 31 March as it grew its estate from 15 to 26 pubs
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NewsBrewDog raises £3m via share issue
BrewDog, the Scottish brewer and pub operator, has raised £3m of its fund raising £4m target under its latest crowdfunding scheme in about 10 weeks
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NewsUpham Pub Co raises £11m for expansion
Hampshire-based Upham Pub Company has raised about £11m for expansion under the Enterprise Investment Scheme and hopes to increase this to £15m by the end of the year, co-founder David Butcher has told M&C Report
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NewsGreene King Retail LfLs rise 4.6%; reaches 1,000 managed sites
Greene King has reported a 4.6% rise in like-for-like sales across its Retail arm in the 18 weeks to 1 September, with “difficult” comparatives of the Jubilee and Euro 2012 “offset by the better summer weather”, and says it reached 1,000 managed sites
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FLS lending up, but SMEs still miss out
Lending under a flagship state scheme increased between April and June, but lending to small and medium-sized enterprises (SMEs) continued to fall
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NewsPunch lfls up 0.4%, to launch restructuring
Punch Taverns has reported a 0.4% rise in like-for-like net income across its core estate for the 12 weeks to 17 August 2013 and believes a consensual restructuring can be launched in H2