Finance – Page 146
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NewsBrewDog reports revenues up +50%; lines up Brixton site
Scottish craft beer brewer and bar operator BrewDog achieved total revenue of £78m for the first half of 2018 – up 55% on the same time last year.
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OpinionAnalysts corner: Goodbody on The Restaurant Group
In advance of The Restaurant Group’s interim results announcement next week, Goodbody’s Paul Ruddy says it is encouraged by both the openings and format conversions being undertaken by the group, and believes there is evidence of a turnaround in like-for-likes in H2.
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NewsM&B acquires Johnson’s stake in Ego
Mitchells & Butlers and 3Sixty Restaurants have formed a joint venture for the continued expansion of the Ego restaurant and bar chain.
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NewsFounders buy back Randall & Aubin Manchester
Randall & Aubin founders Ed Baines and Jamie Poulton have bought the Manchester franchise of their restaurant brand out of administration to operate it themselves, MCA has learnt.
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NewsCarlsberg UK volumes down 5%
Carlsberg saw double digit growth in the UK for its premium brands in the half year to 30 June but a drop in market share for its eponymous brand meant total volume decline of 5% in the territory.
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NewsTom Simmons to continue trading after pre-pack sale
Tom Simmons Tower Bridge will remain trading after being sold in a pre-pack, administrators have confirmed.
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NewsWright & Bell acquires Whyte & Brown
Wright & Bell, the Imbiba-backed restaurant and bar group, has acquired Whyte & Brown, the Kingly Court based chicken concept.
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NewsImbiba acquires stake in Vagabond Wines
Vagabond is set for further growth after receiving £3.5m in new funding from sector investor Imbiba
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NewsWagamama FY lfls up 7.4%
Wagamama grew like-for-like sales (lfls) in the UK by 7.4% in the year to 29 April, with lfls up 7.7% in the final quarter.
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NewsCineworld retail revenue up 1%
Cineworld saw retail revenue in the UK & Ireland grow 1% in the six months to 30 June, despite a 2.7% drop in box office admissions.
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NewsAdnams managed lfls up 1.7%
Suffolk-based family brewer and pub operator, Adnams, has reported like-for-like profits in its managed pubs estate up 1.7% for the six months to 30 June.
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NewsDaisy Green crowdfund oversubscribed by 410%
The Daisy Green Collection, the all-day restaurant, bar and coffee group, has closed its crowdfunding campaign, having raised over £2m on a £500,000 target.
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NewsAnalysts corner: Domino’s
While Domino’s Pizza reported interim results yesterday that were in line with analysts’ forecasts, shares slipped 6% in early trade. Hargreaves Lansdown gives its take on the reason behind the drop
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NewsBenito’s Hat close to franchise deal with international operator
Benito’s Hat, which yesterday announced £1m of fresh investment, is in advanced negotiations on a site in St Albans and is close to securing a franchise partner that would allow the brand to grow in the UK and internationally.
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NewsBenito’s Hat secures £1m investment to fuel growth
Benito’s Hat has secured £1m from existing investors to fund a three-year growth plan.
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NewsAprirose acquires Wear Inns
Aprirose, the real estate investment company, has further strengthened its presence in the pub sector with the acquisition of Wear Inns for £22.4m
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NewsService sector growth slows
Growth in the UK’s services sector slowed last month, according to IHS Markit’s purchasing managers’ index (PMI) survey.
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NewsCarlyle makes bid for Gaucho
Carlyle, the US private equity firm, has made a bid to buy Gaucho out of administration, Sky News reports.
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NewsUtopian Brewing partners with Hop Stuff
Utopian Brewing, the Steve Cox-chaired group, is to start production after agreeing a contract brewing partnership with Hop Stuff.
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NewsApplegreen acquires Welcome Break
Applegreen is to become the leading operator of motorway service areas in the UK, after agreeing to acquire a majority holding in Welcome Break