Finance – Page 137
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NewsAdmiral eyes opportunities for growth in 2019
Admiral Taverns chief executive Kevin Georgel has told MCA that the company is primed for further acquisitions and expects there to be significant opportunities in Q2 and Q3 of 2019.
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NewsMultimillion-pound funding for Tim Hortons expansion
Pizza Cake, the Scotland-based franchise operator, has secured a multimillion-pound funding package from HSBC to open three new Tim Hortons cafes.
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NewsHyde Restaurants goes into administration
Hyde Restaurants, the operator of the Treves & Hyde restaurant concept at Leman Locke serviced apartments, has gone into administration, MCA has learnt.
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NewsTRG rights issue taken up by 92%
The Restaurant Group has announced the takeup for its rights Issue – to fund the acquisition of Wagamama - at 92%.
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NewsYoung’s CFO steps down
Young’s has announced the immediate departure of Steve Robinson as chief financial officer.
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NewsOssett Brewery sells 50% stake to private investor
Ossett Brewery has sold a 50% stake in its group business to private investor Mark Hunter, and said it plans to expand its freehold pub and Craft Asylum bar estate next year.
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NewsPachamama launches crowdfund for Chinese restaurant
The Pachamama group has launched a crowdfunding campaign to support the opening of its first Chinese-style restaurant next spring.
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NewsHollywood Bowl reports FY lfls up 1.8%
Hollywood Bowl has announced a like-for-like (lfl) sales increase of 1.8% for the full year ended 30 September 2018.
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NewsGaucho reports 8% lfl growth in November
Gaucho has reported 8% growth in like for like covers in the four weeks of November - up 15% from November 2017, when it was minus 7%.
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NewsCoaching Inn Group YTD lfls up 9.3%
The Coaching Inn Group has reported like-for-like sales in the year to date up 9.3%.
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NewsService sector growth hits 28 month low
The UK service sector expanded at the weakest rates for almost two-and-a-half years, IHS Markit/CIPS UK Services PMI® Business Activity Index shows.
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NewsTahir Group acquires another seven KFC sites
Property developer and serial franchisee The Tahir Group has acquired a further seven KFC restaurants in London in a multi-million pound deal.
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NewsRobinsons acquires Anglesey pub
Family brewer and pub operator Robinsons has acquired the Seacroft in Trearddur Bay on Anglesey.
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NewsPho lfls up 5.5%
Pho, the Vietnamese restaurant group led by Stephen and Juliette Wall, saw like-for-like sales increase 5.5% in the eight months to the end of October 2018, on the back of a year when it broke through the £30m-turnover mark, MCA understands. The 27-strong company, which is backed by Livingbridge, saw ...
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NewsWeak pound could attract more Chinese operators to UK
The weak pound could encourage more Chinese restaurant brands to open in the UK, following the example of Din Tai Fung and Haidilao, Fleurets director Richard Thomas has told MCA.
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NewsGlendola Leisure seeing robust growth, with lfls up 2% YTD
Glendola Leisure’s recent accounts filed at Companies House do not reflect the underlying performance of the business, managing director Alex Salussolia has told MCA.
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NewsIntu takeover talks terminated
The consortium which has been in talks to acquire Intu for the past two months has declared that it cannot go ahead with a bid.
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NewsGK managed lfls up 2.7% in H1
Greene King has reported like-for-like (lfl) sales up 2.7% in its managed Pub Company arm over the 24 weeks to 14 October and said lfl net income in its tenanted and leased Pub Partners estate had also risen.
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NewsTRG shareholders approve Wagamama deal
Shareholders of The Restaurant Group have approved its £559m bid to acquire Wagamama.
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NewsForesight: 'We continue to see this as a market with growth'
Foresight Private Equity has made investments in early stage Indian street food, healthy eating and speciality coffee concepts. MCA news editor Finn Scott-Delany speaks to Foresight Partner Matt Smith about why there is still an appetite to invest in differentiated concepts in the leisure sector.