Finance – Page 163
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Jack: Fuller’s share price represents long-term buying opportunity
Leading analyst, Douglas Jack, of Peek Hunt, has said a 20% fall in Fuller’s share price over the past two years should be seen as a long-term buying for investors.
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Jack: Market has overplayed M&B Q4 slowdown
Douglas Jack at Peel Hunt believes the market has over-played the slowdown in Mitchells & Butlers like-for-like sales in Q4
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NewsYoung’s ‘could spend £100m on group deal’
Young’s chief executive Patrick Dardis has told MCA it’s “probably about time” the company made a group acquisition and said it has the firepower to spend £100m plus on a deal.
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Bridgepoint confirms Burger King UK deal
Bridgepoint has confirmed it has reached an agreement with Restaurant Brands International to become the UK master franchisee of Burger King
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NewsBids sought for Byron
A sale of Byron could take place before the end of the year, after the process to find a new owner of the c70-strong chain was understood to have been sped up
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NewsBridgepoint to back Burger King UK
Bridgepoint, the private equity backer of Pret A Manger, has agreed to acquire the master franchise rights for Burger King UK
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Analyst corner: Jack on Ei Group
Leading sector analyst Douglas Jack at Peel Hunt says he expects the Ei Group to have posted its 15th consecutive quarter of positive LFL net income in Q3
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CMA indicates Tesco/Booker merger does not raise concerns
The Competition & Markets Authority has provisionally concluded that Tesco’s bid to acquire Booker does not raise competition concerns.
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Land Sec H1 footfall down 1.8%
Land Securities has reported footfall across its shopping centres for the six months to 30 September down 1.8%.
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Sano to return to crowdfunding next year
Sano, the health-based, grab-and-go concept, has confirmed to MCA that it has scrapped its £500,000 Crowdcube campaign.
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NewsPret signs deal with Autogrill to roll out across US and Europe
Pret A Manger has announced a partnership with international travel concessions operator Autogrill to open sites in major airports and train stations across America and Europe.
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NewsChopstix acquires Yangtze chain
Chopstix Group, the fast-growing noodle bar chain, is primed for more group deals, following the acquisition of the nine-strong Yangtze chain for an undisclosed sum.
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Hammerson sees 1.7% fall in footfall in H1
Shopping centre landlord Hammerson saw footfall across its estate fall 1.7% in the six months to 30 June.
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Sano drops £500k crowdfund after raising £260
Sano, the health-based, grab-and-go concept, has pulled its crowdfunding campaign, MCA understands.
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The Shake Lab secures £650k bank fund
TD4 Brands, the operator of Boost Juice Bars, has secured £650,000 of funding from Barclays to support the rollout of six new The Shake Lab sites over the next four months.
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Restaurant small businesses see drop in value
The average values for restaurant small businesses in London dropped by £43,000 from £140,000 in 2016 to £97,000 in 2017, according to online business transfer agent Bizdaq.
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Eagle Eye partners with GK
Eagle Eye, the digital loyalty company, has signed a contract with Greene King to support its Season Ticket campaign and digital promotions.
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JDW Q1 lfls up 6.1%
JD Wetherspoon has reported like-for-like sales up 6.1% in the first13 weeks of the year to 29 October, with total sales up 4.3%.
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NewsPizzaExpress offloads Firezza business
PizzaExpress, has sold its upscale pizza delivery business Firezza, in order to further focus on its eponymous brand