All Finance articles – Page 88
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NewsBig week for pubcos boost M&C20
The M&C20 had a very strong week last week, and has again outperformed the wider market this week rising 0.7% against a 0.3% drop in the FTSE all-share, Will Brumby of Langton Capital writes.
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NewsJack: TRG 2015 lfls to top 3%
Leading analyst Doug Jack at Numis predicts FY like-for-like sales to rise 3% at The Restaurant Group as customer cash flow improves following its solid trading update
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News
Warm April boosts pub spending 8%
Discretionary spending in the leisure sector was a key driving force for growth in April with spend on eating out and cinema visits up 7.3% year on year, according to the latest consumer spending report from Barclaycard
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NewsTRG: positive start to 2015 as momentum continues to build
The Restaurant Group (TRG) reports total sales up 8.5% year on year for the 19 week period to 10 May 2015 and like-for-like sales ahead by 2% and anticipates momentum to continue building
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News
Keuken launches crowdfunding campaign
Keuken, a self-service takeaway meal service in a wall concept, has launched a fundraising campaign on Crowdcube to raise £100k to set up a flagship site in Shoreditch as a direct challenge to the food-on-the-go market
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NewsPolitical stability brings strength to sector
Election week was always going to be big news across the country and in the stock market it was no different. Ahead of the result the prospect of a hung parliament had the All-Share index subdued, but it opened up almost 2% today following the news of a continuation of Tory leadership, bringing the weekly change to up 1.4% for the UK index. The M&C20 outperformed markedly as domestic stocks were strong on relief that the government’s economic strategy is likely to remain unchanged
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NewsGeopolitical fears unsettle M&C20
The M&C20 was down 1.6% this week, while the All-Share index was 1.9% lower in a week where stocks were driven down largely by geopolitical worries
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Opinion
Exploit the value in property
It is easy for operators to fear the costs associated with property but, as Mark Sheehan of Coffer Corporate Leisure understands, there is money to be made and saved by knowing the market
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News
Jack issues Buy for RBG
Leading analyst Douglas Jack at Numis says he expects Revolution Bar Group (RBG) to add five sites each year from 2017 to bring reach 140 venues in 16 years with an initial weighting towards Revolución de Cuba
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News
Downing to raise £20m for Pub Fund
Downing is seeking to attract new operating partners as it looks to raise between £20m and £40m through EIS.
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NewsPunch shares up in flat market
The M&C20 slightly outperformed the market this week, rising 0.6% vs the All-Share’s 0.1% rise. The wider market was held back by financial stocks and a sharp downward move by the food retailers following Tesco’s numbers on Wednesday
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News
Camden Town Brewery fundraising closes at £2.7m
Camden Town Brewery has closed its fundraising round on Crowdcude after raising £2.7m from 2,320 investors
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NewsRiver Cottage & Chilango serve up interest payments
The first interest payments have been served up to investors who bought one of the world’s first crowdfunded mini bonds last year
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News
Flavourly closes oversubscribed funding campaign
Flavourly has closed its campaign on Crowdcube having raised £515,000 through the crowdfunding platform
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NewsM&C20 dips following stellar week
In what was a relatively quiet week for listed leisure companies, the M&C20 underperformed the market, falling 1.5%, while the All-Share Index was up 0.5% as the wider market rose on oil price moves and geopolitics
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NewsEconomic recovery not hitting pubs
With the UK’s economy enjoying consecutive growth and spending rises in the restaurant and hotel sectors coupled with an increase in disposable household income, leading analyst Jamie Rollo at Morgan Stanley muses why pubs have not felt the benefit of this improved climate.
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NewsWrap It Up! confirms Adobo deal; achieves funding target
Wrap it Up! has confirmed it has acquired the three-strong Mexican burrito chain Adobo for an undisclosed cash sum
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NewsBouyant performance across leisure sector
The M&C20 marginally underperformed the All-Share this week rising 3.0% (to 1,378 points) versus the All-Share’s 3.2% rise (to 1,107 points). The wider market saw a strong performance in oil and mining stocks as the All Share ended the week above 7,000 points once again
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News
Crowdcube says £24m invested in Q1
A total of £24m was invested through crowdfunding site Crowdcube in the first three months of 2015.
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News
Camden Town reduces valuation after securing investment
Camden Town Brewery has reduced its valuation on Crowdcube by £25m after securing investment from a “small group of investors”.