All Finance articles – Page 89
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NewsFulham Shore leads M&C20 risers
The M&C20 outperformed the market this week, rising 0.1% (1,338 points) against the All-Share’s 0.7% decline (to 1,073 points) as investors favoured domestic stocks in fear of an international slowdown
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NewsDowning secures £6m for Oakman JV
Downing’s investment in the licensed sector has risen to c£70m as it secured a further £6m for its partnership with Oakman Inns.
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NewsTLG secures £10m expansion fund
Thai Leisure Group (TLG), operator of the Chaophraya and Thaikhun brands, has secured £10m of new funding from Santander to aid its expansion plans
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Fulham Shore shares rise after Franco Manca deal
Fulham Shore, the Real Greek operator, has seen its share price rise 7.5% after announcing a conditional agreement to acquire the 10-strong Franco Manca chain for c£27.5m.
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NewsFulham Shore agrees to acquire Franco Manca
Fulham Shore has conditionally agreed to acquire the 10-strong Franco Manca chain for c£27.5m
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NewsMoto completes refinancing
Moto Hospitality, the motorway service area operator, has completed a refinancing deal.
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NewsEclectic plummets as M&C20 declines
The M&C20 was down 2.6% last week underperforming the All-Share which was down 1.3% as domestic sectors once again underperformed the wider market. The All-Share was held up by gains in oil and mining stocks on the back of rises in the oil price, though this didn’t prove enough to offset what has been a week of decline for most major stock markets
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NewsPizza Rossa eyeing smaller format stores
Pizza Rossa, the artisanal pizza by the slice concept from Corrado Accardi, is close to securing a site in a retail complex in east London as part of plans to introduce the concept to smaller sites, M&C Report has learnt.
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Pull'd breaks through funding target
Australian-inspired slow cooked meat concept Pull’d has exceeded its fundraising target through crowdfunding platform Crowdcube after launching its bid three weeks ago
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Wrap it Up! to launch crowdfunding campaign
Wrap it Up! the gourmet wrap concept is launching a crowdfunding campaign via Crowdcube to raise £400,000 to enable its expansion plans including the centralised production kitchen that will have the capacity to serve up to 100 stores
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Crowdcube launches Sprint for start-up businesses
Crowd funding platform Crowdcube has launched a vehicle specifically for start-up businesses to raise finance
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NewsWider market outperforming leisure sector
The M&C20 (+0.5%) underperformed a surging All-Share last week. The latter was up by 2.8% driven, in large part, by a rebound in oil stocks, global mining company shares listed in London and a number of international mega-caps such as Standard Chartered bank.
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NewsOsborne cuts duty on beer, cider and spirits
In a widely anticipated move in the last budget of the Parliament, Chancellor of the Exchequer George Osborne cut beer duty for a record third time.
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NewsWage increase planned by 60% of sector firms
A new poll has revealed 60% of businesses in the hospitality and leisure sector are planning to increase wages and 49% intend to boost staff levels.
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Downing confirms £3.8m profit from sale of Antic pubs
Downing has confirmed its generated a profit of £3.8m for its Venture Capital Trusts through the sale of investments in four Antic London properties.
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Minimum wage to increase by 3% to £6.70
The national minimum wage will increase by 20p an hour to £6.70 from October, the Government has announced.
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NewsPrezzo plans sale & leaseback
Prezzo, the TPG Capital-owned restaurant group, is set bring a package of freehold sites on to the market as part of sale and leaseback proces
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NewsM&C20 storming ahead of All Share index
The M&C20 outperformed a falling market this week, losing 1.4% versus the All-Share which was down 2.4%. Since the M&C20’s inception in May 2013 the index has outperformed the wider market by around 30%
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Cap on card charges could lead to £500m saving
New payments legislation announced by the EU this week, will cut credit and debit card charges for operators, resulting in a boom for the sector
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Eagle Eye looks to raise £4m
Eagle Eye, the digital loyalty company for the retail and hospitality sectors, is raising £4m through a share placing