All Finance articles – Page 38
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News
Morso to launch £400k crowdfund
Morso, the neighbourhood pasta and grappa bar concept, is looking to raise £400,000 on Crowdcube to fund two new openings, MCA has learnt.
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NewsLion in talks to back Ramsay
Lion Capital, the private equity backer of Loungers, is in talks to back Gordon Ramsay’s restaurant group, MCA has learnt.
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NewsPrezzo reports loss of £65m after closures
Prezzo has reported an operating loss of £65m the year to 31 December 2017.
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NewsYard & Coop launches Kickstarter
Yard & Coop, the fried chicken restaurant concept, is crowdfunding on Kickstarter to support the launch of a third site.
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NewsShareholders back Patisserie Valerie rescue plan
Shareholders in the parent company of Patisserie Valerie yesterday backed the board’s plan for a £15.7m placing.
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NewsRule of Tum crowdfunding to open two new concepts
A Rule of Tum Group is looking to source £400k of investment on Crowdcube in order to open two new concepts.
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NewsShepherd Neame agrees new £107.5m financing structure
Shepherd Neame has announced a new and extended financing structure giving it access to £107.5m, which allows it to “take advantage of any opportunities that may arise over the next few years”.
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NewsLuke Johnson under pressure to step down from audit committee
Luke Johnson is under increasing pressure to step down from Patisserie Holdings’ audit committee, ahead of a shareholder meeting tomorrow, The Times has reported.
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NewsAnalysts corner: Berenberg on Ei Group
In advance of Ei Group’s full year figures next month, analysts at Berenberg share their views on the pub company, and suggest it may be ‘stock worth dusting off again’.
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NewsNewRiver disposes of 22 community pubs in £14.8m deal
NewRiver has disposed of a portfolio of 22 community pubs to a private equity investor, in a deal worth £14.8m.
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NewsGBK lfls fell 9.7% in H1; Wimpy revenue up 13.6%
Gourmet Burger Kitchen (GBK) saw like-for-like (lfl) sales fall by 9.7%, compared to a 3.2% seen in 2017, in the 26 weeks to 26 August 2018.
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NewsKerbEdge to cease trading after winding up order
KerbEdge, the North East-based burger restaurant concept, has been ordered to wind up by High Court, MCA has learnt.
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NewsPatisserie Holdings: winding up petition against Stonebeach dropped
Patisserie Holdings has announced that the winding up petition against Stonebeach Limited, its principal trading subsidiary, was dismissed by the High Court of Justice, Business and Property Courts on 23 October 2018.
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NewsManjit's Kitchen secures £40k in Kickstarter campaign
Manjit’s Kitchen, the Leeds based Indian street food concept, will open its first bricks and mortar site after securing £40,000 funding on Kickstarter.
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NewsLivelyhood reports profits up 30%
Livelyhood, the five-strong London pub group, has announced total turnover of £5.9m for the full year ending 31 July 2018 – up 29% on the previous year.
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News
Johnson under pressure to launch independent investigation
Luke Johnson is under pressure to give up control of an internal investigation into a £40m hole in Patisserie Valerie’s accounts over concerns that the review is not sufficiently independent.
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NewsProtein Haus bought out of administration
Protein Haus, the healthy eating grab and go concept, has gone into administration and been sold in a pre-pack.
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NewsSourced Market launches £750,000 Crowdcube campaign
Sourced Market, the hybrid London-based concept, has raised 85% of its £750,000 Crowdcube campaign within the first 24 hours.
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NewsPatisserie Holdings raises £15.7m through Placing
Patisserie Holdings has raised £15.7m through a share placing and secured a further £10m loan from chairman Luke Johnson.
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NewsPatisserie Holdings FD arrested
PwC is believed to be working with Patisserie Holdings ahead of a possible administration, which could come as early as today.