Finance – Page 66
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NewsDaisy Green ‘bigger, stronger’ than ever
The Australian all-day cafe group has launched a £2m Seedrs campaign, with more than £1.7m already committed.
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NewsCorbin & King: Life is easier with 100% control
Co-founder and CEO Jeremy King has spoken of the difficult relationship with his investors, saying life was “utopian” when he had control over his own restaurant group.
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NewsPortobello acquires 12-strong pub package
The Zetland Capital backed platform has announced the acquisition of 12 freehold pubs across the London villages and suburbs
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NewsCorbin & King reportedly considering new backers
The restaurant group behind The Wolseley is understood to be in talks with other parties after disagreeing with Thailand-based Minor Hotels on the investment strategy for its restaurants.
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NewsYO! Sushi owner puts £750m stock market float on ice
Snowfox Group, the company behind the sushi chain YO! has halted plans for a £750 million stock market listing amid growing unease around public listings among investors.
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Analysis & InsightHostmore offers prospect of ‘significant payoff’
Newly-listed hospitality operator Hostmore is well placed to take advantage of the growth opportunities from the fallout of Covid-19, believes Edison.
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NewsFulham Shore restaurants 'continue to break trading records’
Trading at Fulham Shore’s city centre restaurants has “performed particularly well” in the five weeks since the end of September
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NewsBurger & Lobster: ‘Weekly sales continue to increase’
The London-based restaurant group said the business “is currently well-positioned for expansion.”
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NewsNightcap: ‘ongoing strong performance’
Nightcap has announced a 68% total net sales increase versus 2019 and a”strong” pipeline of site openings and Christmas bookings.
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NewsThai Leisure Group to invest in current estate
Thai Leisure Group announces “promising” trading results since April 2021 and plans to focus on refreshing its current estate.
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NewsHostmore admitted to LSE
CEO Robert B. Cook said the listing would enable the business to add individual sites and acquire appropriate smaller brands
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NewsValiant Pub Co acquires 17 pubs from SA Brain
Valiant was co-founded by Gerry Carroll and Mark McGinty, the founders of Hawthorn Leisure, and James Croft, formerly of EI Group
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NewsBars sales up 36% at Brighton Pier Group
Its late-night bars were almost entirely closed throughout the 52-week period to 27 June 2021, with revenue down 86% to £1.3m, but trading has been strong since reopening in July.
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Weekend PressRoadchef poised to change hands for up to £1bn
City sources said its owner – a French infrastructure and private equity firm called Antin – has appointed advisers from Australian investment bank Macquarie
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Weekend PressGreggs sues Zurich for £100m over unpaid Covid claim
The food to go chain has claimed it is owed the payout as compensation for when its stores had to close due to government-enforced lockdowns
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NewsBoost Juice settles £6m in loans
Parent company TD4 Brands has reached an agreement with its funder BGF to settle its outstanding loan notes
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NewsUK leads McDonald’s international growth
Delivery, digital and strong marketing promotions have seen McDonald’s UK business deliver strong double-digit sales growth
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NewsVarious Eateries reports very encouraging trading
Like-for-like revenue across the Coppa Club estate was up 21% from 17 May to 3 October 2021 compared to 2019
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NewsSunak: ‘Challenging backdrop of rising inflation’
Chancellor Rishi Sunak has warned inflationary pressures will continue to buffet the UK economy, and is forecast to average 4% next year
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NewsUrban Pubs & Bars acquires 13 sites from Barworks
The transaction comes on the back of Urban’s recently announced partnership with Davidson Kempner and Global Mutual.