All Finance articles – Page 39
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NewsGoodbody and JP Morgan on Marston’s
Goodbody has said it retains its “cautious view” on Marston’s in terms of investment due to the fact it has endured an extended period of muted like-for-like growth, it said in a note following Marston’s preliminary full-year results update on Wednesday (27 November).
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NewsHop Vietnamese closes in on crowdfunding target
Hop Vietnamese has raised more than three quarters (81%) of its £750k crowdfunding target, with 19 days still left to go.
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OpinionAnalysts’ verdict: Berenberg on Mitchells & Butlers
Mitchells & Butlers shares are due a “pause for breath” believes analyst Berenberg.
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NewsMarston’s reports £20m loss amid debt reduction focus
Marston’s has swung to a £20m statutory loss of the full year to 28 September 2019, down from a £54.3m profit in 2018.
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NewsNando’s drives profits after central costs restructure
Nando’s UK business has reported revenues up 7.9% to £779.4m for the full year to 24 February 2019.
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NewsAnalysts’ verdict: JP Morgan and Goodbody on Wagamama
Wagamama’s second quarter trading update may have revealed its lowest like-for-like growth rate since Q4 2016, but according to analysts at JP Morgan this is missing the point.
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OpinionAnalysts verdict: Berenberg on Domino’s
Despite improvement in its share price since its Q3 update last month, major challenges still remain for Domino’s Pizza, according to analysts Berenberg.
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NewsJust Eat urges shareholders to reject Prosus offer
Just Eat has told its shareholders a hostile takeover bid from Prosus of 710p per share “significantly undervalues” the company.
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NewsBababoom passes £400k crowdfund target
Bababoom, the contemporary kebab restaurant, has passed its crowdfunding target of £400,000, and will keep the raise open.
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NewsWagamama continues positive streak with 6.3% lfls growth
Wagamama has reported UK like for like sales growth of 6.3% for the 22-week period to September 29 2019.
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OpinionJP Morgan, Goodbody and Morgan Stanley on Mitchells & Butlers
Leading analysts share their views on Mitchells & Butlers (M&B) full year financial results, and how they stack up against forecasts.
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NewsSoul Food Enterprises sold in pre-pack
Soul Food Enterprises, the operator of Harlem Soul and Stax Diner, and its subsidiary Butterscotch bakery, have been sold in a pre-pack administration, MCA understands.
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News‘Businesses as usual’ at EIG ahead of Stonegate takeover
Ei Group has announced underlying EBITDA down 3.8% to £276m, following the disposal of 354 commercial property assets for £340.6m.
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NewsChilango in restructuring talks with RSM
Burrito brand Chilango is in talks with RSM over a potential restructuring, City A.M. reports.
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OpinionAnalysts’ verdict: JD Wetherspoon
Analysts at JP Morgan Cazenove and Goodbody share their reactions to the latest trading update from JD Wetherspoon and how it’s impacted their forecasts.
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NewsTakeaway.com forced to clarify comments on Just Eat bid
Takeaway.com has been forced to clarify comments made by its chief executive Jitse Groen, in which he reportedly told a press conference in Barcelona that he had no plans to improve the offer for Just Eat.
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NewsChestnut to launch further fundraise; undergoing rebrand
Chestnut Group is about to launch another fundraise as it looks make acquisitions in the next six to 12 months that could boost its revenues by 35-40%, MCA can reveal.
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NewsPizza Express bondholders’ warning over brand’s future
Pizza Express bondholders have urged the restaurant chain’s senior management and Chinese owners to move quickly to restructure the group’s debt-laden balance sheet or risk its future, the Financial Times reports.
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NewsMcMullen sees overall growth of 7% in latest financial year
McMullen & Sons has achieved total revenue growth of around 7.5% for the financial year ended September 2019, MCA can reveal.
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NewsBababoom launches fundraise for 20-strong rollout plan
Kebab restaurant concept Bababoom is launching a fundraising drive to support its target of reaching 20 sites by 2024, MCA can reveal.