All Results articles – Page 59
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NewsPunch FY in line; restructuring to start in final quarter
Punch Taverns has this morning reported that its performance for the 52 weeks to 17 August 2013 was in line with guidance, with like-for-like sales in its core estate up 0.4% in the fourth quarter and considers that a consensual restructuring of its business can be launched in the final three months of this year
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NewsShepherd Neame FY managed lfls grow 3.3%
Shepherd Neame, the Kent brewer and pub operator, has reported a 3.3% rise in like-for-like sales at its managed sites in the 52 weeks to 29 June and a “robust” performance of its tenanted estate, where like-for-like EBITDA fell 1%
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NewsTasty H1 PBT more than doubles
Tasty, the AIM-listed restaurant operator of the Dim T and Wildwood brands, saw pre-tax profits more than double from £360,000 to £787,000 in the six months to 30 June as it opened three more sites, taking its estate to 27 outlets
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NewsEncouraging lfl performance at DP Poland
DP Poland has reported an “encouraging” like-for-like sales performance for the 26 weeks to 30 June 2013, said that it had put its first sub-franchisee in place and developed a new store format to “deliver significant economies in both capital and operational expenditure”
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Essenden H1 lfls up 0.7%
Essenden, the ten pin bowling operator, which is currently considering acquisition opportunities across the restaurant and bar sectors, has reported a 0.7% increase in like-for-like sales for the 26 weeks to 30 June 2013
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AG Barr half-year volumes grow 4.2%
AG Barr, the soft drinks company, has reported a 12.3% rise in pre-tax profits to £16.6m in the six months to 28 July as it grew volumes sales by 4.2% over the period
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NewsFY EBITDA stable at Gaucho
Gaucho, the Argentinean steakhouse concept led by Zeev Godik, reported flat EBITDA growth in its last financial year, as interest payments and the closure of its Beirut site impacted turnover
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Booker lfls accelerate in Q2
Booker Group has reported an acceleration of like-for-like sales in Q2, with the good weather lifting sales in its catering division and “solid progress” in Booker Direct, its delivered wholesale arm
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Doom Bar lifts Sharp's sales 30%
Increasing demand for Doom Bar helped Sharp’s, the Molson Coors-owned Cornish brewer, grow sales by 30% in the year to 29 December 2012 against the comparative 12-month period in 2011
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Chapel Down: £4.5m funding, poor harvest hits H1
Chapel Down, the wine maker, has raised £4.35m in new funding for expansion as it reports a halving of EBITDA to £145k in the six months to 30 June
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Abokado on track for FY sales of £7m
Abokado, the London-based chain of healthy food bars led by Mark Lilley, is on track to report full year sales of c£7m, as it looks to have an estate of 25 sites by the end of next April
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Theakstons profits surge; urges PBD review
The North Yorkshire brewer has reported a sharp rise in profits in the year to 31 December 2012 and called for a formal review of the system of tax breaks for smaller brewers
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NewsJDW FY lfls rise 5.8%
JD Wetherspoon, the managed pub operator, has reported a 5.8% rise in like-for-like sales in the year to 28 July, with profits before tax and exceptionals up 6.3% to £76.9m, in what it called a “year of progress”
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Kopparberg reports 'extraordinary' summer sales
The Swedish cider maker says its sales in the on-trade grew 79% in July against the same month last year, with year-on-year sales in August up 55%
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NewsStonegate turnover hits £484.3m; swings into profit
Stonegate Pub Company saw turnover grow 83% to £484.3m in the 53 weeks to 30 September 2012 as it benefitted from the first full-year of trading following the merger with Town & City Pub Company and its acquisition of 333 pubs from Mitchells & Butlers
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OpinionMcDonald’s sales up 1.9% in August
McDonald’s saw its global comparable sales increase 1.9% in August, thanks to a strong performance across its European operations, which reported a 3.3% rise during the month
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Analysis & InsightSector lfls grow 1.9% in August
Like-for-like sales across 27 leading pub and restaurant companies grew 1.9% in August, with growth much stronger among pub operators and outside London, new figures show
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Whitbread: Restaurants, Costa Express, margins, analysts
M&C Report takes a closer look at the Q2 and H1 update from Whitbread, reports from a presentation for analysts featuring chief executive Andy Harrison and finance director Nicholas Cadbury, and speaks to Cadbury
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NewsWhitbread growth slows in Q2
Whitbread, the leisure operator, saw a slowdown in growth in the second quarter of its financial year, with total like-for-likes in the 11 weeks to 15 August up 2.1% against a 2.6% increase across the half-year
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NewsFY EBITDA up 47% at Be At One; agrees new bank funding
Be At One, the Piper-backed cocktail bar chain, has reported a 47% rise in EBITDA to £1.6m for the year 31 March 2013, against record sales of £11.6m, up 23% on the previous year