Finance – Page 298
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NewsYum! UK sales dip 2%
However, margin and operating profits in its international business benefited from last November’s sale of its Pizza Hut UK restaurant arm to Rutland Partners
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Downing Pub EIS raises £8.9m
The fund has raised £8.9m of its c£15m target to date, and has so far invested in eight pubs across three different companies, M&C Report has learnt
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Booker LFLs rise 1%
Booker Group has reported a 1% rise in like-for-like sales excluding its Makro business in the 12 weeks to 21 June.
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Ca’puccino secures expansion funds
Ca’puccino, the Italian coffee concept, plans to open 10 more sites, including eight in the UK, in the next couple of years after securing new investment
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Services sector 'optimistic'
BDO report says optimism in the services sector is particularly strong as its overall business Optimism Index hits a 13-month high
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Jack tips Spirit amid heatwave bounce
Leading sector analyst Douglas Jack has named Spirit Pub Company as his choice Buy in a pub sector that he says is set to benefit from the heatwave
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Jarrow Brewery to launch share issue
Jarrow Brewery, Jess and Alison McConnell-led company, is to launch a share issue with the aim of attracting £750k of new investment
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NewsYoung's reports 6.7% rise in lfls
The London operator reports a 6.7% rise in managed like-for-likes for the first 13 weeks of its financial year
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NewsYoung's reports 'strong start' to FY; buys three pubs
Managed like-for-likes grow 6.7% in first 13 weeks, with total sales up 10.7%
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Wadworth outlines priorities
Wadworth says growing food margins in its managed estate and adding another business development manager to its tenanted arm are among its focuses for this year
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NewsM&C20 Index benefits from all-sector share price gains
The M&C20 Leisure Index tracked the FTSE All-Share Index this week, with both indices up by a shade under 3%
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San Carlo FY sales top £30m
The parent company of San Carlo, the family-run Italian restaurant chain, has reported a 10.9% increase in full-year turnover to £30.1m
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Analyst corner
Simon French at Panmure Gordon looks ahead to next week trading update from Young’s
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Heartstone Inns eyes next stage of growth
Heartstone Inns is eyeing its next stage of growth after securing its tenth site and embarking on its latest and final round of EIS fundraising
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Wrap It Up! acquires Flying Burrito chain
Wrap It Up!, the London-based world gourmet wrap concept, has acquired the three-strong Flying Burrito chain
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French downgrades PBT forecast for Domino's
Analyst says Domino’s German expansion has “hit its first speed bump”, with corporate stores performing below expectations
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French: Cineworld expanding too quickly
Leading analyst Simon French has reiterated his Sell recommendation and 238p Target Price for Cineworld, saying its expanding too quickly “in a market with no volume growth”
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Services sector grows
Growth in the UK services sector accelerated last month, new figures show
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NewsDomino's Q2 UK LFLs rise 6.1%
Domino’s Pizza Group has reported a 6.1% rise in like-for-like sales in the UK in the 13 weeks to 20 June, with system sales up 11.7%
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Luminar signs £25m supply deal with Matthew Clark
Luminar, the country’s biggest nightclub operator, has a signed a supply deal with Matthew Clark worth £25m a year, according to The Times