Finance – Page 299
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News
BrewDog FY turnover almost doubles to £10.7m
BrewDog saw turnover almost double from £5.9m to £10.7m in 2012 and says it plans to “drastically increase capacity” at its brewery over the course of 2013.
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Cineworld H1 trading in line
Cineworld has said that its trading was in line with expectations for the 26 weeks to 27 June and reported a 10.4% increase in Box Office revenue
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Analysts mixed on Premier Inn offshoot
Leading analysts have given a mixed reaction to news that Whitbread plans to rollout a smaller, cheaper version of Premier Inn aimed at major cities
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C&C experiences difficult Q1
The Magners producer says trading conditions in its core Irish and UK markets were difficult in Q1 and are expected to remain so for the remainder of the year
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NewsJack: JDW’s margins of greatest interest
A leading analyst has said that margins are the area of greatest interest when JD Wetherspoon gives its Q4 update on 17 July
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Panmure Gordon removes Spirit from Top Picks Q3
Investment bank says there are “limited catalysts to drive the stock forward in the short term”
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NewsM&C20 Index reaches four-week high
The M&C20 Leisure index enjoyed a modest up-tick this week, rising 5 points or 0.5% to a four-week high of 1,057.88
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Heavitree reports slight rise in H1 PBT
Heavitree Brewery, the Devon-based tenanted pub operator, has reported a slight rise in pre-tax profits for the six months to 30 April 2013
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NewsRollo: JDW lfls expected to have slowed
A leading analyst has said he expects JD Wetherspoon’s Q4 lfL sales to have slowed during its fourth quarter
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Analyst corner
Jamie Rollo at Morgan Stanley looks ahead to next month’s Q3 trading update from Mitchells & Butlers (M&B)
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Orchid explores options
Orchid Pub Company could be sold after owners Deutsche Bank appointed advisors to explore options for the 242-strong group
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NewsGreene King managed lfls up 2.3%
Greene King has this morning reported a 2.3% increase in like-for-like sales across its 987-strong managed (Retail) estate
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Brains posts sales growth of 6%
Cardiff-based brewer achieves sales and profit boost despite low consumer confidence
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Thwaites reports decline in FY sales
Daniel Thwaites has reported a decline in turnover and pre-tax profit for the year to 31 March 2013
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McMullen’s FY lfls up 2.9%
Hertfordshire brewer and operator McMullen’s has reported a 2.9% increase in like-for-like sales for the year to 29 September 2012
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NewsStarbucks makes £5m tax payment
Starbucks has paid corporation tax in Britain for the first time since 2008, after paying £5m to HMRC
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NewsPiper acquires stake in Turtle Bay
Piper Private Equity, the backer of Loungers and Be At One, has acquired a significant stake in Turtle Bay, the four-strong Caribbean restaurant chain
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NewsM&C20 Leisure Index outperforms market
The M&C20 Leisure Index fell a mere 1.6 points to end the week on 1,052.51 during a turbulent time for UK company shares